Helios remained upbeat about prospects at its AGM yesterday and sees limited negative impact from the Brexit vote. It will benefit from a stronger US$ and is encouraged by the number of LLVs now up for sale. Helios has the potential to build a significant Lloyd’s investment portfolio that can deliver above average returns, a growing NAV and an attractive (base/special) dividend. Our conservatively struck estimates still deliver YoY PBT (Norm) growth from 2016E. We reiterate our Buy reco
30 Jun 2016
AGM sounds positive note
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AGM sounds positive note
Helios Underwriting PLC (HUW:LON) | 162 0 0.0% | Mkt Cap: 121.5m
- Published:
30 Jun 2016 -
Author:
Joanna Parsons -
Pages:
3
Helios remained upbeat about prospects at its AGM yesterday and sees limited negative impact from the Brexit vote. It will benefit from a stronger US$ and is encouraged by the number of LLVs now up for sale. Helios has the potential to build a significant Lloyd’s investment portfolio that can deliver above average returns, a growing NAV and an attractive (base/special) dividend. Our conservatively struck estimates still deliver YoY PBT (Norm) growth from 2016E. We reiterate our Buy reco