Daphne

Likely divided between FFH and FIH. Remember Digit is in India.

Sanjeev…I agree with others…it appears both this board and the stock are in a pre agm, pre results holding pattern. Also, I suspect most are feeling quite au courant thanks to Vikings in depth spread sheets, Gliders thoughtful analyses, your well substantiated forecasts and the increased transparency coming from FFH. Just waiting for the party to begin

Sanjeev, do you know of any Toronto events, talks, discussions in and around the AGM?

Fairfax India Holdings Corporation (TSX: FIH.U) announces fiscal year 2021 net earnings of $494.5 million ($3.22 net earnings per diluted share), compared to fiscal year 2020 net loss of $41.5 million ($0.27 net loss per diluted share), reflecting increased net unrealized and realized gains on investments, partially offset by increased performance fees and provision for income taxes. The company's book value per share increased by 20.0% from $16.37 at December 31, 2020 to $19.65 at December 31, 2021, representing a compound annual growth rate of 10.3% (10.7% prior to the performance fee recorded in 2021) from the initial public offering price or $10.00 per share.

Depends whether your goal is to win, place or show!

I’m not sure we have enough inside context to judge it to have been a mistake.

After having to raise cash for the auction it’s unlikely to have that much is reserve

Somebody is loading up the truck. Last two days have begun with 100m share transactions.

Some things to factor in to your calculations re eventual cost of odyssey re transaction 1) FFH will have realized a capital gain of about $450M on the sale of its 10% 2) FFH’s dividend obligation in January will be reduced by $20M

Based on preliminary results, 2,208,578 Shares were validly tendered and were not withdrawn pursuant to the Offer (including Shares tendered by notice of guaranteed delivery). As the Offer was oversubscribed, it is expected that shareholders who made auction tenders at or below US$500.00 per Share and purchase price tenders will have the number of Shares purchased by Fairfax prorated to approximately 90.4% of their successfully tendered Shares following the determination of the final results of the Offer (other than “odd lot” tenders, which are not subject to proration). The full details of the Offer are described in the offer to purchase and issuer bid circular dated November 18, 2021, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com and were also filed on a Schedule 13E-4F with the U.S. Securities and Exchange Commission and made available on EDGAR at www.sec.gov (the “Offer Documents”). The number of Shares to be purchased under the Offer, the Purchase Price and the proration factor referred to above are preliminary, remain subject to verification by the Depositary and assume that all Shares tendered through notice of guaranteed delivery will be delivered within the two trading day settlement period. Fairfax will announce the final results of the Offer following completion of take-up of the Shares.

Great to see an official challenge to “wokenomics”

Also note that total corporate transparency is an impossible expectation. There can be any number of reasons for non-disclosure ranging from regulatory to confidentiality commitments to other market impacts.

Did you consider bonds going forward

IMO the biggest news here is the value put on OR. If OMMERS and CCBIP are willing to pay up based on a 9B valuation, what is the total FFH really worth?

STelco reports record revenue in Q3 and increased dividend by 50%

Turns out BRIT lost some points due to KI startup costs.

This headline is all I have. It showed up on my bank investment site. Stay tuned!

-- Earnings Flash (FFH.TO) FAIRFAX FINANCIAL Posts Q3 Net Earnings of US$462.4 Million ($16.44 Net Earnings Per Diluted Share After Payment of Preferred Share Dividends)

Glider, do you have any concrete information/ insight to support your belief Q3 will deliver negative cr results? The reason I ask is those companies that have already reported are showing/expressing glowing results.

Viking once again you’ve demonstrated through great examples and deep analysis the multi dimensional nature of this business and, by extension, the complex thinking behind its leaders’ decision-making. iMany thanks.

Results nov 4