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Syncora Holdings Ltd. Message Board

  • kimball_ohara kimball_ohara Jun 9, 2013 2:13 PM Flag

    At one time Syncora traded above $30.

    Maybe if the company starts writing new business it will come full circle and XL will take it over in a cash buyout. Stranger things have happened.

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    • With the news coming out these past few days regarding Jeffco and JPM, and Irish posting what this might mean in dollars, don't you think we could reasonably see $4 when the numbers really get out to the street? And if this company is finally put into a position where they could really start writing new business, I believe the price of this company is worth $10!!! What do you think? Good to hear from you and hope you are doing well......Hose

      • 1 Reply to hosedraggers
      • I am somewhat surprised that we are not already at $4.00. Reserves could easily support a $4.00 price per share, if current numbers are correct. I am of the opinion that Syncora is still below the radar and once the consolidated financial statements are released that the pps will increase substantially. I suspect that institutional buying is not taking place because we are less than $5.00. Many institutions are not allowed to buy a stock under the $5.00 limit. As for a $10.00 pps, I'm not just expecting it I'm counting on it. In a previous post I a made declaration that I will sell my first shares at $10.00. I stand by my statement. I have been buying over the last couple of years with our ups and downs. To date, I have never sold a share.

 
SYCRF.PK
2.00+0.01(+0.50%)Oct 31 3:58 PMEDT