Added to YB: 2024-07-15
Pitch date: 2024-07-12
HUW.L [bullish]
Helios Underwriting plc
+21.74%
current return
Author Info
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Company Info
Helios Underwriting plc, together with its subsidiaries, provides a limited liability investment for its shareholders in the Lloyd’s insurance market in the United Kingdom.
Market Cap
GBP 145.9M
Pitch Price
GBP 1.69
Price Target
N/A
Dividend
4.90%
EV/EBITDA
N/A
P/E
8.33
EV/Sales
4.87
Sector
Insurance
Category
dividend
Helios Underwriting – down the rabbit hole of Lloyd’s of London’s insurance market
HUW.L: Lloyd's insurance play rolling up legacy 'names'. 5x P/E, 8-15% div yield. Outperformed Lloyd's since 2013. GBP1.5bn buyout opportunity (10x mkt cap). Unique 3-yr accounting provides visibility. Catalyst: board addition helping resolve shareholder overhang. Patient accumulation advised due to low float.
Read full article (9 min)