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Montpelier Re Holdings Ltd. Message Board

  • reinsurance.icon reinsurance.icon Mar 14, 2013 10:13 PM Flag

    ok, axp, let's talk Monty

    So Monty has been buying back 10% of their stock per year, eh? After 10 years, wouldn't the stock be really high price because the supply is essentially gone? Oh wait...another riddle. Why is the stock today Lower than the IPO price 10 years ago ?? Rat on wheel RE ? Oh....wait....let's blame it on Katrina in 2005....that's a convenient excuse for the enormous mediocrity of Bermuda RE ? Let's send Tom a retirement turkey for Easter, he deserves golden laurels, he was just That good.

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    • Total shares outstanding in: 2008---85.2 million
      2009--81.8 million
      2010---64.6 million
      2011---61. million
      2012---56.6 million

      10% per year since 2008 would give us a total count of 55.9 million shares as of year end 2012 so I was off a fraction-sorry.

      • 1 Reply to axpkocop
      • 1st quarter 2013--During the first quarter of 2013, the Company repurchased a total of 1,494,022 common shares at an average price of $24.60 per share ($37 million). During the second quarter of 2013 to date, the Company has repurchased a further 600,000 shares at an average price of $25.75 ($15 million

        In the first quarter they bought back another 2.6% of the outstanding shares.

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