TRADING UPDATES: 88 Energy expands Texas footprint with acquisitions
15th Dec 2023 16:58
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Helios Underwriting PLC - investment vehicle, which provides shareholders with participation in the Lloyd's insurance market - Says value of the capacity fund at December 31 is expected to be GBP82.4 million from GBP60.0 million a year earlier. Expects freehold capacity of GBP175.9 million versus GBP147.3 million. Now expects NAV per share to rise to 172 pence on December 31 from 154p on June 30. Read More
(Alliance News) - Helios Underwriting PLC on Tuesday announced plans to increase its dividend policy with help from its forecast profit stream, and to commence a new share buyback worth up to GBP1.5 million. Read More
(Alliance News) - Helios Underwriting PLC on Thursday said it swung to a profit in the first half of 2023, as revenue increased, while it added it expects its portfolio to "thrive". Read More
(Alliance News) - Helios Underwriting PLC on Wednesday said it had a strong second quarter thanks to an "outstanding" portfolio, with an increased net asset value and an anticipated rise in underwriting profit. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Buys Park Farm Underwriting Ltd for GBP3.2 million. Parks Farm is a limited liability vehicle, that provides a syndicate capacity of GBP2.3 million. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Acquires entire issued capital of Chorlton Underwriting Ltd for GBP2.0 million, including GBP200,000 via the issue of 123,457 shares at a price GBP1.62 per share. The rest is payable in cash. Helios Underwriting's issued share capital will comprise 77.5 million shares with voting rights and no restrictions following the acquisition. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Executive Deputy Chair Nigel Hanbury sells 200,000 shares at 170 pence each, worth GBP340,000, in London on Tuesday. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Reports the initial mid-point profit forecast for 2022 of 5.7% compares to 3.9% in 2021, a recognition of stronger market conditions. Says this, compounded by Helios' increased retained capacity results in the recognition of additional after tax underwriting profits to be earned of 20 pence per share in the future. Read More
Helios Underwriting PLC - London-based limited liability vehicles investment company - Pretax loss widens in 2022 to GBP5.2 million from GBP645,000 the previous year, with the company saying this was due to the macroeconomic difficulties with interest rate hikes and the Ukraine war dampening returns. However, the company says that the "results have been skewed by the steps Helios has taken to position our portfolio to yield significant returns", with a three-year lag in the recognition of underwriting profit in the company accounts distorting returns. Revenue doubles to GBP143.3 million from GBP71.8 million, whilst net premiums written soars to GBP187.6 million from GBP79.1 million. Helios Underwriting recommends a final dividend of 3 pence per share, unchanged from last year. Read More
(Alliance News) - Helios Underwriting PLC on Tuesday said it appointed Non-Executive Director Martin Reith as chief executive officer, replacing Nigel Hanbury immediately, while retained capacity rose in 2022. Read More
(Correcting that Helios Underwriting is an investment vehicle that acquires and consolidates underwriting capacity at Lloyd's insurance market, not Lloyds Banking Group). Read More
(Alliance News) - Helios Underwriting PLC on Tuesday said its overall portfolio on January 1 increased by 27% from a year earlier. Read More
(Correcting that acquisition was made by Helios Underwriting, not Helios Towers.) Read More
Helios Towers PLC - Africa-focused mobile phone tower infrastructure company - Acquires a further three limited liability vehicles for GBP5.7 million. The vehicles include Harris Family UTG Ltd, Whitehouse Underwriting Ltd, and Risk Capital UTG Ltd. GBP5.1 million will be paid in cash, GBP400,000 through the issue of 235,796 new ordinary shares at a price of GBP1.6 per share, and a further GBP300,000 have been deferred, dependent on the result of the LLVs' open years of account. Notes that the acquisition of Harris Family UTG and Whitehouse Underwriting have been completed and the completion of Risk Capital UTG Ltd is subject to a change of control approval. Read More
(Alliance News) - Helios Underwriting PLC on Thursday said it has raised GBP12.5 million through a placing and subscription of 8.0 million new shares at GBP1.56 each. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - As at August 18, its capacity portfolio for the 2022 underwriting year stands at GBP232.7 million, 60% higher than GBP145.0 million for 2021. Read More