GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.
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The table of the FTSE 200 on page 10 of the business section is riddled with inaccuracies. Beazley has been omitted for over 2 weeks as well as a least 10 other companies. Several companies not in the FTSE 200 are included for instance Zigup and Currys.I have contact the ST without any reply. Maybe other punters could make their feelings known??
I'm obviously missing something here.
The company had been buying back shares forever.They release amazing earnings figures and yet it's not moved in the grand scheme of things.
Let us see if and when the sp gets to +£8....
No really, thanks for the input, Its been invaluable.
I will come post again ;).
Most articles of late mention how cheap Beazley are, how their p/e ratio is considerably lower than their piers.
There has also been a great deal made of how there's a record amount of take-overs about to happen/happening on the LSE.
With these two factors alone, do we not think we are in a prime position for a takeover?
Clear signs that continue to innovate in a thoughtful way and build strong business relationships. Looking forward to the European sides of the business growing, even if lots of focus on US and cybersecurity stuff.
More to come!
Sold out for now. But what a move. Well done to all.
IMHO Excellent Results.
Only thing extra I would ask is how Board intend to get SP to reflect these opportunities. Obviously, buy back programme and taking 12% of shares out cancelling them will further demonstrate the case. PE Ratio now already falling to 4 which is far too low and shows how undervalued these are!
Adrian Cox, CEO of Beazley, said:
"I am pleased to report a record first half profit of $728.9m. Expertise in underwriting and active risk selection are key drivers of this strong result, even as the rating environment is moderating. Property grew 25% in the first half, demonstrating the success of our strategy to grow in this increasingly specialist class, focusing on the US E&S market. We continue to innovate in cyber, launching one of the market's most comprehensive, integrated cyber security and insurance offerings with Full Spectrum Cyber and Beazley Security. When faced with the world's largest ever IT outage, Beazley's approach to underwriting cyber risk was tested and proved to be highly resilient. We see opportunities in the remainder of the year and are confident in delivering on our high single digit growth guidance. We are also pleased to confirm that we have improved our undiscounted combined ratio guidance for the full year to around 80%."
Beazley PLC Beazley plc results for period ended 30 June 2024
Source: RNS Regulatory News
RNS Number : 6353Z
Beazley PLC
08 August 2024
Press Release
Beazley delivers record first half year profit of $728.9m
Beazley plc results for period ended 30 June 2024
• Profit before tax increased to $728.9m (2023HY: $366.4m)
• Insurance written premiums increased to $3,123.3m (2023HY: $2,921.1m)
• Undiscounted combined ratio of 81% (2023HY: 88%)
• Discounted combined ratio of 77% (2023HY: 84%)
• Return on equity (annualised) of 28% (2023HY: 18%)
• Share buyback of up to $325m announced in March 2024 on track to complete by end of the year
• FY undiscounted COR guidance of around 80%
• FY premium growth of high single digits reiterated
Gg
According to Tipranks, the average 12-month price target for Beazley (BEZ) is 887.14p, with a high of 975.00p and a low of 770.00p, based on 7 Wall Street analysts' price targets from the last three months. This average price target represents a 38.83% change from the last price of 639.00p. Tipranks also gives Beazley PLC a consensus rating of "Strong Buy" based on 7 buy ratings, 0 hold ratings, and 0 sell ratings.
Share buyback in March 325m gbp will remove 12% of shares.
Beazley H1 results will be issued tomorrow. Be interesting to see whether revenues and profits continued growth continues.
Revenue - 3,003m to 5,442m over last 5 years (nearly doubled)
Profits - 234m to 1,026m over last 5 years (quarupled)
Shareprice sideways 600p
PE Ratio of 5
Share buyback in progress
Obviously,although im in profit, this thing has pretty much gone sideways for 5 years.
Time to move stock exchanges (as patriotic as I am), there's no growth in the UK.
Gone back up 35p in just 100mins. Could it finish blue?
Depends what your entry was at
yup, just puts a cherry ontop of what pile of **** this share has been.
Not good news for BEZ given their large exposure to cyber liability.
Depending on the circumstances and how long it lasts, there could be some significant claims, especially for business interruption.
Possible could hit Texas but that would rely on a number of factors too complicated to explain here, dyor
The hurricane is the earliest category 5, will be near Jamaica next. Travelling at 20mph with windspeed up to 160mph.
They believe it will be a busy hurricane season.
The hurricane is further south of Florida, unclear if it will hit Florida, but it has winds of 160mph according to CNBC.
* knowledge
JDF7 exactly my point, I don't know.
I do know this has dropped over 8% on zero public know.
If Guttersnipe is right then I sta nd corrected, which means this is not the share to be in during hurricane season.
Jamesss, plenty in the know of what?! BEZ is a solid company, whether people choose to add, hold or sell at this time.
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