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JP Morgan raises target price to 452p from 425p -
CITI initiates coverage of Beasley 15/7/21 with a Buy rating
https://www.beazley.com/news/2021/troy_dehmann_joins_beazley_as_chief_operating_officer.html
Agree Ian have loaded up in my pension last few months. Will gradually rise and as you say £6 is my person target as well. Sure, wont be immediate but can see a push to £3.80, £4 and then £4.50 which will all act as temporary resistance levels.
Slowly trending up. 340 broken and will now be support imo though I’m not a massive chartist.
One to buy tuck away and wait for the £6 days to return.
£3.40 proving to be a bit of a resistance. Lets see if we can hold and clear this week.
There has been something afoot for ages. These large buys and sells at the end of each day, £2m each day, sometimes £5m sometimes £1M, last Friday £15m.
These have been going on for months so who is the buyer and who the seller and why is thee never any large holding RNS's?
I think AFB is way undervalued, looks at Lemonade etc, their valuations are a joke compared to this.
Iv'e just been day /month trading AFB knowing the long term trend has to go up, so my last bets have been sitting around for a while when is dropped further than I thought it would, but today 40,000 hit their limit and sold so I am nearly out now and my last one is set for 345, so I am going to delete that and let it run.
However these profits are all well and good but I need to tuck a few away for the long term, or maybe more likely the short term as the price needs to double or they will be a hot aquisition target, IMO.
See LRE is going up too. I've £70k invested so always good to see a rise.
Its just undervalued. Bez issued a Great trading update but price held. All bots controlled, they have switched the rise button at last.
Insurance always wins.
hoping for another Morrisons
there is something afoot perhaps.
Yes lovely move up last couple of sessions. Still very cheap though.
Looking good today, who knows, alll those bids floating around, who knows, certainly undervalued imo.
Agreed. Hopefully it will have a good run now up to the interim results on 23 July.
Hopefully getting a little momentum now..
Last update was very positive and the price at the bottom so it had to go up.
I bet we see a new increased holdings RNS soon..
Well that looks like good timing moving up atm.
Been reading up on this last few days, the trading update suggests they are recovering and its cheap now so first tranche in. Holding back some cash incase it gets cheaper.
Insurers might lose short term, but a bit like bookies win over the long term, they will increase premiums appropriately.
I think BEZ is a good long term investment case, I have a small position in them with some top up funds available should it slide more, but I see more upside. I keep a tight watch list and hold (BEG) and considering RCH..
My suspicion is that this is entirely due to market sentiment towards insurers especially after very high profile ransomware attacks. HSX also suffered like this, even though BEZ did more. so nothing particularly specific.
What ****es me off, they don't price the risk properly especially in relatively new areas like Cyber. This spike should be obvious after Covid, and they should have priced the risk appropriately. Combined Ratio is all about one how efficient you run your business two how well you price the risk.
I'm nervous about a new capital raise, I just cannot see why this keeps on dropping when the rates on a lot of their classes are dramatically rising. This should not be going down, so someone knows something I don't. Cyber is problematic, but rates are up 30% or so, this should now be ok. Having said this their most profitable account used to be marine and now their lead underwriter, Clive Washbourn has set up a new business to compete with them, and he should win that battle.
This is a good price level, for mid to long term investing..
Bought in here at 299 a couple of days back...will top up at 270 should it get there.