Home > Boards > US OTC > Delisted > Primus Guaranty Ltd. (fka PRSG)

Primus Guaranty, Ltd. Reports Second Quarter 2014 Results (7/30/14)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Enterprising Investor Member Profile
Member Level 
Followed By 215
Posts 11,222
Boards Moderated 7
Alias Born 04/05/09
160x600 placeholder
Top Company News of the Day
The waiver allows Credit Suisse's investment adviser affiliates to keep doing business following an SEC settlement, but the Republican says some requirements could be harmful.
Canada Antitrust Watchdog Probes Google Conduct in Online Ad Market -- Update
Canada Antitrust Watchdog Probes Google Conduct in Online Ad Market
USDA Reports Drop in Cattle Placed on Market
Wheat Rises on Tighter Supply Picture -- Daily Grain Highlights
Warren Buffett Tenders Cattolica Stake as Generali Takeover Edges Closer, Source Says
Front Month Nymex Natural Gas Fell 2.40% This Week to Settle at $5.2800 -- Data Talk
Front Month Nymex RBOB Gasoline Fell 0.17% This Week to Settle at $2.4821 -- Data Talk
Trustmark National Bank To Pay $5 Million To Settle Lending Discrimination Claims
3Q GDP Seen +3.0% -- Data Week Ahead
U.S. Oil-Rig Count Falls by Two in Latest Week, Baker Hughes Says
American Express on Track for Record High Close -- Data Talk
UK Takeover Panel Suspends Timetable on Ganfeng's Offer for Bacanora Lithium
S&P Global, IHS Markit Get Conditional Approval From European Commission for Deal
FTSE 100 Closed Up as It Shrugs off the Week's Negative Sentiment
STOXX Europe 50 Index Ends the Week 0.25% Higher at 3637.18 -- Data Talk
EURO STOXX 50 Index Ends the Week 0.14% Higher at 4188.81 -- Data Talk
STOXX Europe 600 Index Ends the Week 0.53% Higher at 471.88 -- Data Talk
FTSE 100 Index Ends the Week 0.41% Lower at 7204.55 -- Data Talk
DAX Ends the Week 0.28% Lower at 15542.98 -- Data Talk
CAC 40 Index Ends the Week 0.09% Higher at 6733.69 -- Data Talk
S&P Global's Acquisition of IHS Markit Gets Conditional Green Light From EU
Walmart on Track for Longest Winning Streak Since September 2019 -- Data Talk
Snap Inc. Down Over 23%, on Track for Record Percent Decrease -- Data Talk
Watchdog Criticizes FAA Oversight Of American Airlines Maintenance
Creatd Shares Jump After Unit Signs Alexis LaRue
Enterprising Investor Member Level  Wednesday, 07/30/14 06:51:49 PM
Re: Enterprising Investor post# 19
Post # of 48 
Primus Guaranty, Ltd. Reports Second Quarter 2014 Results (7/30/14)

HAMILTON, Bermuda--(BUSINESS WIRE)--Primus Guaranty, Ltd. (“the Company”) (OTC PINK:PRSG) today announced its financial results for the second quarter ended June 30, 2014.

• GAAP net income available to common shares for the second quarter 2014 was $2.3 million, or $0.11 per diluted share, compared with GAAP net income available to common shares of $16.4 million, or $0.65 per diluted share, for the second quarter 2013.

• GAAP book value per common share was $1.82 at June 30, 2014, compared with GAAP book value per common share of $8.89 at December 31, 2013. The June 30, 2014 GAAP book value per common share reflects the $7.25 distribution per common share that was paid to shareholders in the second quarter 2014.

• At June 30, 2014, the notional principal of Primus Financial Products, LLC’s consolidated credit swap portfolio totaled $300 million, compared with $3.3 billion at December 31, 2013.

Additional Information

A copy of this press release and a letter dated July 30, 2014 to the shareholders from Richard Claiden, Chief Executive Officer, are available in the Investor Relations section of the Company’s Web site at www.primusguaranty.com.

About Primus Guaranty

Primus Guaranty, Ltd. is a Bermuda company with offices in New York. Through its subsidiary, Primus Financial Products, LLC, the Company provides protection against the risk of default on primarily investment grade corporate reference entities. Its common shares trade on the OTC Pink Tier of the OTC market. Investors can find market information for the Company on www.otcmarkets.com.

[Click on the link below to review the remainder of the press release and financial tables]

http://www.businesswire.com/news/home/20140730005959/en/Primus-Guaranty-Ltd.-Reports-Quarter-2014-Results#.U9l2zYl0yUk

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences