Added to YB: 2025-12-26
Pitch date: 2025-12-22
CRE.L [neutral]
Conduit Holdings Limited
+27.05%
current return
Author Info
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Company Info
Conduit Holdings Limited, through its subsidiary, provides reinsurance products and services in the United States, Europe, and worldwide.
Market Cap
GBP 863.4M
Pitch Price
GBP 3.58
Price Target
490.00 (+10669%)
Dividend
6.18%
EV/EBITDA
2.66
P/E
4.30
EV/Sales
0.70
Sector
Insurance
Category
value
Show full summary:
UK Smalls Update - Conduit Holdings Limited
CRE.L (update): Bermuda-based reinsurer founded 2021 targeting mid-teens ROE, derailed by CA wildfire/Ukraine losses. Activist Berstein calls for sale as 'cheapest quoted EU reinsurer.' Est. tangible book 490p/share; 15% ROE = 73p earnings for 5x P/E. 7% yield + daily buybacks.
Read full article (1 min)