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Prices & Quotes - UK Markets - Lancashire Holdings Limited (LRE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 753.50p
Change Today:
10.50p
Market Cap:
1,827.31m
Sector:
Insurance (non-life)

Credit Suisse likes Renewables and Mining

By Alexander Bueso

Date: Wednesday 21 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Credit Suisse's strategy team set out the top ten investment opportunities that it spied in the global equity space.



Top of the list were European renewables and grid operators, including the UK's National Grid, pointing to forecasts for wind capacity to multiply by a factor of 15 over the next two decades and for the price of carbon to hit $100 per tonne by 2030.

The team led by Andrew Garthwaite also liked Mining, arguing that it was a play on "strong" infrastructure spending in China, a successful Covid-19 vaccine which would lead to a bounce back in industrial production and G7 governments' focus on infrastructure spending.

Within the same sector, the analysts highlighted Anglo American.

They also pointed out that they could envision a multi-year scenario where gold hit $2,500/oz..

Construction materials were also expected to do well, with CRH likely to do well as US housing grew over 20% thanks to low bond yields, together with stocks exposed to insulation in particular.

Industrial gases was another area where they saw potential, citing forecasts from McKinsey for hydrogen to become a $2.5trn market by 2050.

Garthwaite also recommended being overweight global emerging markets, what with their currencies at 20-year lows versus the valuations implied by purchasing-power-parity but their basic balance of payments surpluses running at 16-year highs.

Linked to GEM, they called attention alcoholic beverage stocks, which had 55% exposure to such geographies and "abnormally cheap" relative to their US peers and food producers.

Chinese tech shares were also on Credit Suisse's list, with the broker of the idea that the "bubble" had yet to really start.

Property and casualty insurers were also potentially attractive, including the likes of Lancashire.

In Defence, they judged BAE Systems to also be "abnormally cheap", arguing that military outlays by governments were likely to continue expanding faster than GDP in an increasingly tri-polar world.

Lastly, they pointed out the potential opportunities in the Telecommunications equipment space, with Ericsson among their 'outperform' rated stocks in the sector.

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LRE Market Data

Currency UK Pounds
Price 753.50p
Change Today 10.50p
52 Week High 850.00p
52 Week Low 528.00p
Volume 231,191
Shares Issued 242.51m
Market Cap 1,827.31m

Performance Indicators

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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 13
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LRE Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Aug-20 07-May-20
Paid 11-Sep-20 05-Jun-20
Amount 5.00¢ 10.00¢

Trades for 01-Dec-2020

Time Volume / Share Price
11:30 69 @ 753.50p
11:27 400 @ 752.77p
11:26 130 @ 753.00p
11:26 170 @ 753.00p
11:26 81 @ 752.50p

LRE Key Personnel

CEO Alex Maloney
CFO Natalie Kershaw