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This H1 report suggests situation has worsened.
After tax profit still positive but this is a huge drop.
What was the point of increasing written premium if your net loss ratio gets so ugly.
Was kind of thinking the same , was hopeful on a bit of upward movement.
good and reassuring, but not expecting the share price to move much
Morning anyone out there , any thoughts on todays trading update ?
yes you are correct and i thing is very good
The final dividend of 4.7 pence per Ordinary Share and special dividend of 4.6 pence per Ordinary Share will be paid, subject to shareholder approval at the Company's Annual General Meeting, to shareholders on the Register of Members on the record date of 29 April 2022. The ex-dividend date will therefore be 28 April 2022. Both the final and special dividends will be paid on 1 June 2022.
No word of a special div this year yet .
Let's hope they are decent results and push a recovery the stock price .
Sabre Insurance Group plc, one of the UK's leading private motor insurance underwriters, will announce its results for the year ended 31 December 2021 on 22 March 2022.
looks like everything is back to normal , nice
Berenberg upgrades Sabre Insurance to 'hold'
Mon, 31st Jan 2022 11:38
(Sharecast News) - Berenberg has upgraded Sabre Insurance to 'hold' after the motor specialist secured a five-year deal with Freeway Insurance Services.
Sabre announced on Friday that it had entered into a deal with Freeway, a distributor of taxi insurance in the UK, to become the exclusive underwriter for policies issued by the company's managing general agent.
In a note published on Monday, Berenberg - which previously had a 'sell' rating on the stock - said "things were looking up" for Sabre.
It said: "This is the second deal that Sabre has announced since its third quarter trading update, with the first being its link up with motorcycle insurer MCE.
"The Freeway and MCE deals combined will raise Sabre's top line by about 20% in 2022, in addition to the pricing cycle in the UK motor appearing to be turning upwards.
"These three elements have materially changed the outlook for Sabre, and while there is some risk associated with the deals, with the 2022 combined ratio likely raising above 80%, outer-year performance looks stronger.
"We upgrade our rating to 'hold' and raise our price target to 231p."
Berenberg previously had a price target of 202p on the stock.
It concluded: "Things are looking up. There are questions outstanding on the existing book, although management has taken decisive action to alleviate pressures on the business. We welcome this change in strategy and although these new ventures will come with some unknown risks, the outlook for Sabre has materially improved."
Yes. I’m in the same boat, having bought in at 250.00. I worked in the industry for 37 years and Sabre’s COR is the envy of the market. Yield is good too.
I’m hoping this lift continues!
i need another 30p to break even but looks better than yesterday, lol
Like wise padd1 , I’m in at 258 and was starting to give up on this one , hopefully this is the start of a positive turnaround ??
some positive news and an encouraging rise in the share price. I'm still underwater with a buy-in average of 2.43 but things looking more encouraging than a few weeks back. Long may it last.
I'm on a 258 average , wishing now I didn't touch this one but hindsight a great thing and all that , will stick with it and collect the Divi , never know might be a take over target in the future ? Any opinions ?.
I'm here and surprised at the trading below 200p for so long. No news since Oct trading update, guess we have to wait for finals.
Here is the what they wrote in Oct which has two key temporary weaknesses highlighted;
"As anticipated, the post-lockdown recovery in market policy volumes has also been relatively slow. This may have affected us disproportionately as our customer-base is, compared to many competitors, indexed more heavily towards new business and new drivers, and so we have seen a temporary COVID-19 driven reduction in our normal target market due to the backlog of driving tests and significant delays in new car registrations, which has a knock-on impact on second-hand car sales. We have chosen not to engage in inappropriate price discounting to chase volume during this period, instead maintaining pricing discipline in order to preserve the strength of the business across the medium-term. "
Talk of Plan C and a new mini lockdown / circuit breaker makes me nervous. I will watch for next couple of weeks and probably add early Jan when things are a bit clearer. I don't think there will be any sudden changes in sp - unless a cheecky bid comes in taking advantage of low sp but I don't think that's very likely.
I'm slowly averaging down, not because of any research, but just in the hope they can afford their yield and in long run i have a decent price.
cant be bothered researching, what about you?
Very quiet board! Can anyone share any hopeful news on this nightmare of a share? Sat on an average sp price of 243p - not ideal. Not sure whether to top up. Any views?
Likewise I don't get it ,,maybe just out of favour at the moment,,was 290 beginning of year , hopefully things start to head north soon !!!!
Just when you think this share can't sink any lower, we could be sub 200 at this rate. Q3 results 14th Oct - am I being optimistic thinking this might lead to a rebound? Any idea why sp keeps sinking? Probably should add more but loaded up and beginning to worry I'm over exposed!
MMs cant keep it low now. Surely they need to let it go. Gla.
I have been adding small positions. This drop most likely just to fill somebodies orders. Todays printouts partialy proved that. See where to next. Gla
Yes I was hoping so also , in at 268 and it's been taking a battering !! Divi will claw some back at cheaper price reinvested but still annoying !!