Author Topic: Fairfax 2020  (Read 199834 times)

petec

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Re: Fairfax 2020
« Reply #280 on: May 14, 2020, 04:26:37 AM »
13F is couple of days.
We will get some real answer if the equity investment attitude is changing

Don't hold your breath. They'd have had to have sold some of their big positions to do anything meaningful, and they have not mentioned doing so.

As an aside, the Dundee/DPM transaction yesterday shows how they could, in theory, offload some of the big stakes if they wanted.
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bearprowler6

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Re: Fairfax 2020
« Reply #281 on: May 14, 2020, 04:46:50 AM »

petec

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Re: Fairfax 2020
« Reply #282 on: May 14, 2020, 05:51:22 AM »
Ha - what’s wrong with the Eastern US?
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StubbleJumper

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Re: Fairfax 2020
« Reply #283 on: May 14, 2020, 06:36:45 AM »

Bryggen

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Re: Fairfax 2020
« Reply #284 on: May 14, 2020, 07:23:15 AM »
From CNBC : ''Coronavirus will be the largest loss on record for insurers, Lloyd’s of London says''

Would Fairfax insurance businesses face such a large loss as well?

https://www.cnbc.com/2020/05/14/lloyds-of-london-coronavirus-will-be-largest-loss-on-record-for-insurers.html

Bry
« Last Edit: May 19, 2020, 08:36:54 AM by Bryggen »

Xerxes

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Re: Fairfax 2020
« Reply #285 on: May 14, 2020, 08:13:30 AM »
13F is couple of days.
We will get some real answer if the equity investment attitude is changing

Don't hold your breath. They'd have had to have sold some of their big positions to do anything meaningful, and they have not mentioned doing so.

As an aside, the Dundee/DPM transaction yesterday shows how they could, in theory, offload some of the big stakes if they wanted.

Indeed

Unrelated (and I know that it is impossible at the moment) but if FFH was able to buy back its share at 0.6 BV with the same total quantity that it issued shares ABOVE BV for the Allied World purchase in 2016 that would have been a quite a coup worthy of a song.

petec

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Re: Fairfax 2020
« Reply #286 on: May 14, 2020, 08:21:18 AM »
13F is couple of days.
We will get some real answer if the equity investment attitude is changing

Don't hold your breath. They'd have had to have sold some of their big positions to do anything meaningful, and they have not mentioned doing so.

As an aside, the Dundee/DPM transaction yesterday shows how they could, in theory, offload some of the big stakes if they wanted.

Indeed

Unrelated (and I know that it is impossible at the moment) but if FFH was able to buy back its share at 0.6 BV with the same total quantity that it issued shares ABOVE BV for the Allied World purchase in 2016 that would have been a quite a coup worthy of a song.

Ha - if only.
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ourkid8

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Re: Fairfax 2020
« Reply #287 on: May 14, 2020, 10:31:58 AM »
FFH is currently repurchasing shares at these prices however not at the same quantity.  :) 

13F is couple of days.
We will get some real answer if the equity investment attitude is changing

Don't hold your breath. They'd have had to have sold some of their big positions to do anything meaningful, and they have not mentioned doing so.

As an aside, the Dundee/DPM transaction yesterday shows how they could, in theory, offload some of the big stakes if they wanted.

Indeed

Unrelated (and I know that it is impossible at the moment) but if FFH was able to buy back its share at 0.6 BV with the same total quantity that it issued shares ABOVE BV for the Allied World purchase in 2016 that would have been a quite a coup worthy of a song.

Fairfaxnut

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Re: Fairfax 2020
« Reply #288 on: May 14, 2020, 10:41:44 AM »
FFH is currently repurchasing shares at these prices however not at the same quantity.  :) 

13F is couple of days.
We will get some real answer if the equity investment attitude is changing

Don't hold your breath. They'd have had to have sold some of their big positions to do anything meaningful, and they have not mentioned doing so.

As an aside, the Dundee/DPM transaction yesterday shows how they could, in theory, offload some of the big stakes if they wanted.

Indeed

Unrelated (and I know that it is impossible at the moment) but if FFH was able to buy back its share at 0.6 BV with the same total quantity that it issued shares ABOVE BV for the Allied World purchase in 2016 that would have been a quite a coup worthy of a song.

An SIB would be nice here....

TwoCitiesCapital

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Re: Fairfax 2020
« Reply #289 on: May 14, 2020, 11:39:23 AM »

On an unrelated note, anyone have the transcript from Q1 earnings call? Seeking Alpha doesn't seem to have it and I'm uncertain that it will be posted at this point.

If there is no transcript, does anyone mind summarizing what was said about the Equity Total Return swaps previously mentioned in the thread. It sounded like Fairfax went long total return swaps in March?

If that is so, these are likely a source of additional liquidity since these things tend to be standardized and settled on a quarterly basis in cash payments. Depending on the size of the TRS purchase, Fairfax could have tens of millions of cash coming to it in June simply based on what the indices have done since March.