Goshawk is target for takeover.

-Dealers think the company rejected an offer of about 40p.
-Rumours of a bid circulate from time to time.
-Agreeing a refinancing deal with its creditors
-The stock is worth a punt

What do you think of Goshawk getting takeover?

These shares are bouncing back to 40p mark and still waiting bidders

People will be looking at moving into the defensive stock sector whilst earnings are out.GOS could be a great play and see alot of money moving generally into the insurance sector.

The RE business did not have any major claims arising from this years hurricane season which should see underlying profits in good order.

YES IT IS

From Times.com.....

Smaller capitalisation shares

The cause of recent weakness in Goshawk Insurance Holdings, the former Lloyds of London vehicle, came to light as SCPIE Holdings, the Californian insurer, declared the sale of its 4.1 per cent stake. With that overhang cleared, Goswhawk firmed p at 32p.

Directors buying shares in last two days (177350 shares)

nice one just, maybe they know something we don`t and are buying in ready for a move north sometime in the future.....???

Doubled my holding at 31p to average my price after the SCPIE holding was sold. That looks like a good move right now after the steady rise of the last ten days or so and it reduces significantly the level I need to reach to get back to all square.

I see a lot of positives in the business and unlike a recent message I do not see any further losses coming out of the Lloyd's business and hitting the results as the capital backing the Lloyd's syndicate was ringfenced from the rest of the business, so I understand.

I agree, after ditching Chris Fagan its a perfect time to get all the dirt out, blame him for it, and start from the lowest possible level. After that all the praise goes to the new men at the top.

We've seen a 20% rise in the last forthnight, without any news apart from the directors buying in. I'm tempted to cash in, but I suspect there'll be more good news to come or at least the price will catch up with its P/E ratio and yield. Rather than the earnings and yield catching up with the price!!

P/E ratio less than 5 and yield of 7%.

Why has Phoenix amassed over 28% ?

Why is Goldman buying ?

Why is Fidelity in ?

Answers on a postcard as to when the bid is ;-)