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Triad Guaranty Inc. (TGIC)

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veer62
0
quote:

Demenkovets schreef:

Ja dat is dat bericht waarin het aangekondigd is, met een record date van 27 september (heb ik hier boven ook al eens geplaatst). Tenminste, ik denk dat je daar op doelt? Die rights zouden na verloop van tijd toch bijgeschreven moeten worden in je portfolio lijkt mij, maar daar heb ik nog weinig ervaring mee, dus weet het niet zeker. Is nog redelijk kort dag, dus kan nog komen.
we zulle zien dem:)
veer62
0
goeiemorgen

WINSTON-SALEM, N.C., Nov. 11, 2010 /PRNewswire-FirstCall/ -- Triad Guaranty Inc. (OTC Bulletin Board:TGIC.ob - News) today reported net income of $54.0 million, which includes $29.6 million attributable to the repurchase of its long-term debt (reported as an extraordinary item) and $14.7 million attributable to realized investment gains, for the third quarter ended September 30, 2010 compared to net income of $79.1 million for the second quarter of 2010 and a net loss of $101.9 million for the third quarter of 2009. The 2010 third quarter diluted income per share was $3.56 ($1.61 per share before extraordinary item) compared to diluted income per share of $5.24 for the 2010 second quarter and diluted loss per share of $6.78 for the 2009 third quarter.

The net income for the nine months ended September 30, 2010 was $105.3 million ($75.7 million before extraordinary item) compared to a net loss of $516.5 million for the nine months ended September 30, 2009. The diluted income per share was $6.96 ($5.00 per share before extraordinary item) for the nine months ended September 30, 2010 compared to a diluted loss per share of $34.44 for the nine months ended September 30, 2009.

Ken Jones, President and CEO, said, "We continued to see improvement on various operating fronts during the third quarter. Persistency, the key driver of our earned premiums, remained high, while the number of defaults and the corresponding risk in default continued their decline as cure rates and rescission rates remained consistent with the prior quarter. The decline in our risk in default once again led to a decrease in reserves, making this the fifth consecutive quarter that we have reported a decrease in reserves. Approximately 35% of the decrease in reserves was the result of a reduction in factors utilized in our reserve assumptions. During the third quarter, we also saw a slowdown in settled claims as foreclosures slowed. At this time, we are unsure what impact, if any, the current documentation issue surrounding foreclosures will have on our future financial results. While we are encouraged by the performance of our insured portfolio, we remain cautious about the outlook for the remainder of 2010 and continuing into 2011 due to a slower than expected U.S. economic recovery, lingering high unemployment rates and stagnant home prices.

Mr. Jones continued, "In July we repurchased all of our outstanding long-term debt from our bondholders at less than face value, resulting in a $29.6 million gain that was reported as an extraordinary item in our third quarter financial statements. This action better positions us, as a company in run-off, to maintain our focus on the efficient and effective servicing of our insured portfolio, particularly with respect to loss management, in order to maximize our claims-paying ability. We also realized net investment gains of $14.7 million during the third quarter, which were due primarily to the repositioning of our investment portfolio to reflect the delays in claim settlements. Finally, while our financial position improved during the last two quarters, our deficit in assets remains substantial and was $595.4 million at September 30, 2010. To meet all of our existing obligations, we will need to earn at least $596 million during the remaining run-off of our business. We believe that, absent significant positive changes in the economy and the residential real estate market, our existing assets and future premiums may not be sufficient to meet our current and future policyholder obligations."

For additional information concerning our results for the third quarter of 2010 and our financial position at September 30, 2010, please see our Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, which will be filed with the Securities and Exchange Commission and will be available at www.sec.gov or via our web site at www.triadguaranty.com. We have updated the quarterly statistical and supplemental information for the 2010 third quarter results on our web site at www.triadguaranty.com. The supplemental information can be found under "Investors" and then under "Webcasts and Presentations" by the title "Supplemental Information – Third Quarter 2010".

(Relevant Triad Guaranty Inc. financial and statistical information follows)

Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance Corporation, is a nationwide mortgage insurer pursuing a run-off of its existing in-force book of business. For more information, please visit the Company's web site at www.triadguaranty.com.

Certain of the statements contained in this release are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include estimates and assumptions related to economic, competitive, regulatory, operational and legislative developments. These forward-looking statements are subject to change, uncertainty and circumstances that are, in many instances, beyond our control and they have been made based upon our current expectations and beliefs concerning future developments and their potential effect on us. Actual developments and their results could differ materially from those expected by us, depending on the outcome of a number of factors, including: the possibility that the Illinois Department of Insurance may take various actions regarding Triad if it does not operate its business in accordance with its revised financial and operating plan and the corrective orders, including seeking receivership proceedings; our ability to operate our business in run-off and maintain a solvent run-off; our ability to continue as a going concern; the possibility of general economic and business conditions that are different than anticipated; legislative, regulatory, and other similar developments; changes in interest rates, employment rates, the housing market, the mortgage industry and the stock market; legal and other proceedings regarding modifications and refinancing of mortgages and/or foreclosure proceedings; the possibility that there will not be adequate interest in our common stock on the over the counter markets to ensure efficient pricing; and various factors described under "Risk Factors" and in the "Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995" in our Annual Report on Form 10-K for the year ended December 31, 2009 and in other reports and statements filed with the Securities and Exchange Commission. Forward-looking statements are based upon our current expectations and beliefs concerning future events and we undertake no obligation to update or revise any forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made, except as otherwise required by law.

Triad Guaranty Inc.

Consolidated Statements of Operations

Demenkovets
0
Goeiemiddag veer, weer vroeg erbij zie ik.

Goede berichten lees ik, al blijft de vraag of ze aan al hun verplichtingen zullen voldoen na de run-off periode (2013 las ik ergens). Nog een kleine 600M te gaan :-) Maar hoe meer schuld afbetaald, hoe lager ook de kosten (rente enzo) lijkt mij, dus wie weet.

Koers +17% op 0,27, maar nog niet door de 0,30. Volume is niet erg hoog, maar we zijn dan ook nog maar net onderweg.
Tjohn
0
Making provit,it is going well

a-Revenue's until sept 206 milj
b-Net settled claims until sept 233 milj
c-Assets 1.000 milj

!!!If the company makes a small provit on the assets it can go on for ever!!!!!

The company can go on for years many years
Tjohn
0
AS a company in runoff : TGIC is on a good pad end result $23 a share

!!!!!!!!!!!!!!!!!!!!!!The fraud is up to 20-30% TGIC need to do more for the stock holders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The operational costs of the company are annually about 32 milj. The moment when the revenues minus the operational costs are below the settled claims is the point where the company can keep going on indefinitely . 230-32 = 198 milj. We need a reduction in the settled claims from annual 530 (2009) to 192 milj that is about a reduction of 60%.

2009 settled claim 515 milj 515-198= 317
2010 settled claim 430 milj 430-198= 232
2011 settled claim 330 milj 330-198= 132
2012 settled claims 220 milj 220-198= 22
2013 settled claims 150 milj 150-198= -48 provid

The company had by the start of the runoff 1000 milj in assets 1000-(317+232+132+22-48)= 345 milj left over for the stock holders 345/15000000= $23 a share

In this simplified model we ignore the reduction in revenues and the profit on capital etc. But what we see is that the quick reduction in settled claims is the most important factor

The end result will all depending on the speed of the recovery and reduction of settled claims

TGIC is on a good pad

Tjohn
0
AS a company in runoff :

!!!!!!!!!!!!!!!!!!!!!!The fraud is up to 20-30% TGIC need to do more for the stock holders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The operational costs of the company are annually about 32 milj. The moment when the revenues minus the operational costs are below the settled claims is the point where the company can keep going on indefinitely . 230-32 = 198 milj. We need a reduction in the settled claims from annual 530 (2009) to 192 milj that is about a reduction of 60%.

2009 settled claim 515 milj 515-198= 317
2010 settled claim 430 milj 430-198= 232
2011 settled claim 330 milj 330-198= 132
2012 settled claims 220 milj 220-198= 22
2013 settled claims 150 milj 150-198= -48 provid

The company had by the start of the runoff 1000 milj in assets 1000-(317+232+132+22-48)= 345 milj left over for the stock holders 345/15000000= $23 a share

In this simplified model we ignore the reduction in revenues and the profit on capital etc. But what we see is that the quick reduction in settled claims is the most important factor

The end result will all depending on the speed of the recovery and reduction of settled claims

TGIC is on a good pad $23 a share

nl.www.smallcapnetwork.com/Technical-...
veer62
0
quote:

Tjohn schreef:

AS a company in runoff :

!!!!!!!!!!!!!!!!!!!!!!The fraud is up to 20-30% TGIC need to do more for the stock holders!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

The operational costs of the company are annually about 32 milj. The moment when the revenues minus the operational costs are below the settled claims is the point where the company can keep going on indefinitely . 230-32 = 198 milj. We need a reduction in the settled claims from annual 530 (2009) to 192 milj that is about a reduction of 60%.

2009 settled claim 515 milj 515-198= 317
2010 settled claim 430 milj 430-198= 232
2011 settled claim 330 milj 330-198= 132
2012 settled claims 220 milj 220-198= 22
2013 settled claims 150 milj 150-198= -48 provid

The company had by the start of the runoff 1000 milj in assets 1000-(317+232+132+22-48)= 345 milj left over for the stock holders 345/15000000= $23 a share

In this simplified model we ignore the reduction in revenues and the profit on capital etc. But what we see is that the quick reduction in set...
20$ gaat ie eruit:) groetjes veer
veer62
0
Demenkovets
0
uitbraak uit de 20'ers vandaag met een slot op HOD:

Laatste 0,4690 21:56
+/- 0,1890 67,50%
[verwijderd]
0
Zou de twee dollar nog in zicht komen
.

Ik heb ze niet meer...geldt.het dan nog wel....o jeee

Tikt ze vanaf boven...
Demenkovets
0
ja wat zullen we nu krijgen, ik heb ze niet voor niets zolang op de plank laten liggen?! voor straf geldt de afspraak nu bij 1 dollar :-)

enne.. mag dan best ietsje dichterbij dan in G. ;-)
[verwijderd]
0
Nou volgens mij was ik toch echt de volhouder
En.heb destijds verkopen van u vernomen....
Demenkovets
0
ehh ja dat is zo, maar ik heb ze braaf wel weer tegen de oude inkoopprijs teruggekocht :-) maar die koersen op 1,20 kon ik toch echt niet laten lopen destijds ;-)

haha ik ken plaatsen die nóg dichterbij zijn :-))
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