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Montpelier Re Holdings Ltd. Message Board

  • axpkocop axpkocop Nov 1, 2012 3:55 PM Flag

    Bought More Shares Today @ 22.22/sh

    Have orders in to buy more at lower prices.

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    • I sold all these shares recently purchased between 22.22 and 21.21 today for 23.32 per share.

      Because:3rd Qrt Book is over 26 per share but we we will show a large loss this qrt due to hurricane Sandy. My guess is that our book value will drop to about 25 per share but we'll know a lot more in the next few weeks.

      "During the third quarter the Company repurchased 1,041,850 common shares at an average price of $21.11 per share ($22 million). Year-to-date, the Company has repurchased 5,391,589 shares at an average price of $19.97 per share ($108 million

      I'll look to continue buying if the stock trades at a 20% discount to book again. AIG and SYA currently trade at significant discounts to book so that's where I'm now looking.

      • 1 Reply to axpkocop
      • "Book value per share as of Dec 31, 2012, came in at $26.14, up 17% year over year.

        Share Repurchase and Dividend Update

        Montpelier Re spent $13 million to buyback 0.59 million common shares in the fourth quarter taking the total amount spent to repurchase 5.98 million shares in 2012 to $121 million."

        MRH is currently trading at over 25 which puts it at only a 5% discount to book value. I'll continue to look elsewhere until we see a sell-off because AIG and SYA sell at large discounts to book and share buybacks will only enhance that discount.

    • Bought more at 21.5 with more to follow.

39.62-0.29(-0.73%)Apr 17 4:02 PMEDT