Author Topic: TSU - Trisura  (Read 18029 times)

snowball82

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Re: TSU - Trisura
« Reply #60 on: February 06, 2020, 10:34:58 AM »
Stock price now 67 % higher since first post last year. New high at $ 45. Cormarks/ D. Kozielewicz / J. Fenwick seem very optimistic in yesterday report.

Let see the execution from here and the consolidation plan for the USA.

« Last Edit: February 06, 2020, 10:49:13 AM by snowball82 »


snowball82

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Re: TSU - Trisura
« Reply #61 on: February 13, 2020, 03:23:23 AM »
"Highlights

Gross and net premiums growth of 109.8% and 27.5% in Q4, and 104.7% and 23.5% for the full year supported by strong momentum in our U.S. business and continued growth in Canada.
 
Net income of $4.2 million in the quarter, and $5.1 million in 2019, driven by strong underwriting performance and investment income in Canada and a growing contribution from the U.S.
 
EPS of $0.47 in Q4 2019 and $0.69 in 2019, compared to $0.24 in Q4 2018 and 1.29 in 2018.
 
Book value per share of $21.58, a 9.9% increase over December 31, 2018.
 
Industry-leading results from our Canadian business, achieving a combined ratio of 82.9% in Q4 2019 and 87.8% in 2019, producing a 19.1% ROE for the year.
 
Continued acceleration in our U.S. business, producing $95.4 million in GPW in the quarter and $1.5 million in net income. For the year, GPW of $263.9 million drove fee income of $8.0 million and net income of $3.8 million representing our first year of profitability. This is an outstanding result considering the business commenced last year.


https://www.globenewswire.com/news-release/2020/02/13/1984248/0/en/Trisura-Group-Reports-Fourth-Quarter-and-2019-Annual-Results.html

Corporate Development

Following the close of the acquisition of TIC (formerly known as 21st Century Preferred Insurance Company) on November 1, 2019, Trisura continues to grow its capabilities with the intention of securing admitted licenses in all 50 states.

Broeb22

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Re: TSU - Trisura
« Reply #62 on: February 13, 2020, 05:28:18 AM »
Can I ask a dumb question, Snowball?

How does it benefit you long-term to trumpet every quarter of Trisura’s performance?

If you plan to buy any shares of TSU in the future, it would seem not over emphasizing their performance would benefit you more than trying to pump the stock.

villainx

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Re: TSU - Trisura
« Reply #63 on: February 13, 2020, 05:34:45 AM »
How does it benefit you long-term to trumpet every quarter of Trisura’s performance?

If you plan to buy any shares of TSU in the future, it would seem not over emphasizing their performance would benefit you more than trying to pump the stock.

That kind of thinking would make this board useless, no?

I assume y'all are super smart and already super rich, so sharing ideas is without ulterior motives.

villainx

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Re: TSU - Trisura
« Reply #64 on: February 13, 2020, 05:39:29 AM »
How does it benefit you long-term to trumpet every quarter of Trisura’s performance?

If you plan to buy any shares of TSU in the future, it would seem not over emphasizing their performance would benefit you more than trying to pump the stock.

That kind of thinking would make these board useless, no?

I assume y'all are super smart and already super rich, so sharing ideas is without ulterior motives.

snowball82

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Re: TSU - Trisura
« Reply #65 on: February 13, 2020, 05:03:22 PM »
Can I ask a dumb question, Snowball?

How does it benefit you long-term to trumpet every quarter of Trisura’s performance?

If you plan to buy any shares of TSU in the future, it would seem not over emphasizing their performance would benefit you more than trying to pump the stock.

We are some here on this forum to believe we can help each other.

Spekulatius

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Re: TSU - Trisura
« Reply #66 on: February 13, 2020, 05:07:12 PM »
Can I ask a dumb question, Snowball?

How does it benefit you long-term to trumpet every quarter of Trisura’s performance?

If you plan to buy any shares of TSU in the future, it would seem not over emphasizing their performance would benefit you more than trying to pump the stock.

Do you believe that mentioning this stock here will boost TSU‘s share price. Based on my experience, that’s not the case, not even for small caps. Maybe for microcaps with very small float, trumpeting works in terms of temporarily increasing the shareprice, but even of that I am doubtful.
Life is too short for cheap beer and wine.

Jurgis

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Re: TSU - Trisura
« Reply #67 on: February 14, 2020, 07:18:52 AM »
Can I ask a dumb question, Snowball?

How does it benefit you long-term to trumpet every quarter of Trisura’s performance?

If you plan to buy any shares of TSU in the future, it would seem not over emphasizing their performance would benefit you more than trying to pump the stock.

Do you believe that mentioning this stock here will boost TSU‘s share price. Based on my experience, that’s not the case, not even for small caps. Maybe for microcaps with very small float, trumpeting works in terms of temporarily increasing the shareprice, but even of that I am doubtful.

For microcaps and illiquid special situations, CoBF posting effect is real. There's sometimes a bump up for couple days at least.



Posting quarterly results of companies IMO is a reasonable way to keep discussion alive and I appreciate it.
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
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snowball82

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Re: TSU - Trisura
« Reply #68 on: February 19, 2020, 05:47:07 PM »
The stock price is up 100 % vs a year ago. Likely some analysts and investors think the US fronting platform still has large room for growth.

From the letter to shareholders :

"... Our goal in 2019 was to demonstrate the scalability and profitability of our U.S. fronting platform.
Following a healthy ramp in 2018, we grew our team to 22 professionals, and bound an additional 15
programs generating $264 million in gross premium. We increased premium and net income in every
quarter and anticipate growth to continue. As programs mature, earned premium and fee income accrue
to our net income, driving profits from break even in the first quarter to $1.6 million in the fourth quarter,
despite continued investment in infrastructure and costs associated with our acquisition. As we look to
2020 our focus will be on maintaining our growth trajectory in the excess and surplus lines, while
introducing admitted capabilities through the acquisition and expansion of new licenses.

Jurgis

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Re: TSU - Trisura
« Reply #69 on: February 20, 2020, 06:04:26 AM »
Trisura results so far have been great. There is a risk that they might write crappy business because of fast growth. I guess we have to trust them for now and monitor how things go.

Disclosure: I have a position in Trisura.
"Human civilization? It might be a good idea." - Not Gandhi
"Before you can be rich, you must be poor." - Nef Anyo
"Money is an illusion" - Not Karl Marx
--------------------------------------------------------------------
"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"