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Maybe not, but if not, what is the point of their forecasts?
If BEZ touches Jeffries target of 975p I'll be flabbergasted but delighted. Even if it "just" gets to £8, I'll be thankful. We shouldn't build our investment decisions around brokers and this value estimation models though, no?
Nice rise today on the back of the broker upgrade (Jefferies raises Beazley price target to 975 (915) pence - 'buy').
Sometimes it takes the market a while to figure things out. There are a lot of good opportunities out there at the moment which are attracting attention and money.
But that is the whole premise of investing; you believe that the market has undervalued the share so you have bought it and will (hopefully) sell it for a profit. Patience my friend, people will wake up and share will re-rate if the fundamentals remain the same. BEZ are coining it in at the moment and that won't go unnoticed for long.
What is with this stock.
ExDiv date been and gone, company buying millions of pounds worth of shares and disposing of them and yet the SP goes down?
I've no idea Nick, but that would fall inline with timing atleast.
I though we would be over 700 by now if I'm honest.
No obvious reason in the public domain. I wonder if they have any exposure to the Baltimore ship that hit the bridge?
What is the reason for the 3% drop today?
Let us see if this crosses over into £7 territory..
All time high now hit.
Ex-divi on Thurs will no doubt knock a couple of % off but I still think there is further for this to rise, especially with the buyback ongoing.
True enough JDF7, a little rise today.
Jamesss, sometimes the market just moves slowly in its repricing....
Why in the world has this not moved?
Buy back anouced and Dividend coupled with a strong set of results?
Superb set of results. I would have liked a slightly higher divi but pleased with the buyback announced.
Dare I say it, this is a real British stock market success story; BEZ is a hugely profitable business, a market leader, a global business and is growing rapidly. What's not to like?
I brought Beazley as a solid play in a world of strong insurance rates.
Today showed just how strong with a massive underwriting profit.
I got my timing right and already in a profit.
Will probably hold for long term.
Thanks for the response. I had thought that was the most likely reason but I was not absolutely certain.
I have also held shares for years and agree with your opinion.
From RNS
The company will announce its year end results on 7 March when the quantum and method of additional return will be confirmed.
This is a long term hold for me. Held it for years and is always a solid performer. Perfect for an ISA IMHO.
Am I missing something obvious or should the 2024 Dividend have been declared on 1st of March?
BEZ and its BOD are a good outfit. The sp may have space to run up further and the focus on returning excess capital make it worthy of consideration as a buy
Gutted I didn’t follow @baroninvestment on twitter/X last month. He made an amazing case for this at £5 as he did with Indivior at £12.
Superb trading update today and a great rise. Looking forward to the results on the 7th and how the capital will be returned to us shareholders. I'm expecting a combination of a rise in the divi and a share buyback.
Still more to come from this share IMO, so I'm happy to hold for the time being.
I bought in mid-January £5.08 as SP looked very low . just sold some for 564 on 20th & sold rest today. One of my rare successes lol GLTA
Nick, thanks. Understand better now. I've always thought BEZ are a very professional yet proactive company. I particularly appreciate how measured and detailed they are in their RNSs, focused on performance and not on hype or promises.
It is additional reinsurance to protect Beazley in the event of a very large (catastrophic) cyber event e.g. a successful cyber attack on a cloud services provider carried out by a rogue state.
Cat bonds are common in property reinsurance but this is one of the first for cyber reinsurance.
Currently, Beazley and other cyber insurers will often apply a sub-limit on cyber policies for catastrophic losses such as these. Potentially, this may allow Beazley to provide more coverage or transfer the risk.
It's just a further demonstration of Beazleys expertise and capabilities in cyber insurance which is the fastest growing class of insurance, and the biggest class that Beazley writes in terms of GWP.
Troajan, what does that mean? BEZ buying into them as part of its investment holdings? Or were they talking about some form of cyber risk insurance bond product that BEZ are participating in designing and help alleviate potential direct underwriting losses? Excuse my ignorance
On the menu for bez.....bloomberg news tv says