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Started: JDF7, 8 May 2024 13:47
Last post: JDF7, 29 May 2024 13:05
BEZ selling out to QBE? Maybe the reporter has undeclared interests! :-) Can't see it myself, unless it was at some stratospheric premium that BEZ management simply couldn't advise against. I'll not be holding my breath for an incoming offer.
Someone sent a screen shot.
The company they mentioned was QBE. The reporter was the one suggesting Beazley to be fair (no reference from anyone stating it within QBE).
Do you have a link to that? Which company?
There are rumours in the Australian press that an Australian company is about to make an offer for Beazley…
It seems the brokers are way off on this one.Just a boring sideways pivot at 666p.
£10 target? RBC is having a laugh unless they know of some incoming bid. Can't see it within the next 18 months or so.
This thing pivots around 666 ALOT.
The names Beazley and Belzebub are not a million miles away from each other.
What is going on here lol!!
Jokes.
Nice little broker forecast upgrade to 1000p there.
:)
Expecting a gradual increase over the next couple of months.
Started: JDF7, 29 Apr 2024 13:18
Last post: JDF7, 29 Apr 2024 13:18
Not sensational but solid (as you would want from a steady insurance business).
Started: jamesss, 3 Apr 2024 18:41
Last post: jamesss, 12 Apr 2024 23:10
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?
Started: jamesss, 26 Mar 2024 13:43
Last post: jamesss, 26 Mar 2024 19:51
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?
Started: Theanalyzer, 7 Mar 2024 08:12
Last post: Nick1234, 7 Mar 2024 08:31
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.
Started: Kejoglo, 4 Mar 2024 09:24
Last post: Kejoglo, 4 Mar 2024 10:21
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?
Started: Paultokyo29, 22 Feb 2024 09:06
Last post: JDF7, 23 Feb 2024 09:49
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
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
Started: Troajan, 12 Nov 2023 23:25
Last post: JDF7, 14 Feb 2024 11:51
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
Started: MG85, 7 Nov 2023 12:28
Last post: MG85, 7 Nov 2023 12:28
Underwriting discipline should result in lower claims. I’m really looking forward to BEZ final year results and the inevitable re-rate of this one.
Beazley plc posted interims for the HY ended 30th June yesterday. Insurance written premiums increased to $2,921.1m (2022HY: $2,574.3m), profit before tax increased to $366.4m (2022HY: $364.9m), the Group’s undiscounted combined ratio pushed up to 88% (2022HY: 74%), in line with previous guidance. The investment team achieved a strong investment result of $143.9m (30 June 2022: loss of $193.0m) or 3.0% annualised (30 June 2022: loss of 5.0%). Valuation is very attractive with forward PE ratio at 5.5x. Share price lacks near term momentum, other than that BEZ is a solid, growing and profitable insurance company which has made its way into the FTSE100. BUY....
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/BEZ/788
Started: pb1943, 13 Aug 2023 11:45
Last post: CestBon, 7 Sep 2023 15:27
Absolutely agree the market is simply toxic right now and valuation make no sense unless lse plan on taking it all down to the abyss. Drop this morning on top of undervalued already price just toxic
Market certainly got this badly wrong if the H&L summary regarding the combined ratio is an indicator of why the share price fell so dramatically
The summaru reads as follows "(Sharecast News) - Insurance group Beazley said it remains on track to hit guidance after delivering record profits in the first half, though its combined ratio jumped.
Pre-tax profit totalled $366.4m in the six months to 30 June, up only slightly from $364.9m a year earlier, despite insurance written premiums rising 13% to $2.92bn.
Beazley said property insurance written premiums jumped 65% while cyber premiums rose 14%.
However, the company saw a sharp rise in insurance service expenses to $2.08bn fro $1.74bn a year earlier.
The combined ratio, a key measure of profitability calculated by dividing incurred losses and expenses by earned premiums (and therefore the lower the better), increased to 84% from 71%.
"We have confidence in the ability of our diversified platform, product and geographic strategy to continue to deliver and look forward to achieving mid-teens growth," said chief executive Adrian Cox.
He reiterated the group's guidance of a full-year combined ratio guidance in the "low eighties".
The eoy 2022 Results RNS 2nd March 2023 stated
"Taking the above into account, we expect to deliver a high-80s combined ratio for 2023 assuming average claims experience. Although significant geopolitical headwinds remain, I believe we are in an excellent position to sustainably grow our company and I am looking forward to all we will achieve together in 2023."
So H1 2023 interims and guidance are unchanged and the already depressed share price warranted an uplift rather than the initial 9% fall first thing.
07th Sept
When are they due? Cannot see RNS
Started: MaryBr190, 8 Aug 2023 12:24
Last post: MaryBr190, 8 Aug 2023 12:24
Berenberg raises Beazley price target to 850 (825) pence - 'buy'
Started: MaryBr190, 2 Aug 2023 14:29
Last post: MG85, 7 Aug 2023 09:35
This reduction in share price is a result of Beazley buying some products from Vesttoo. Beazley haven’t done anything wrong and will correct the issue very quickly. A reduction in share price is ridiculous. Insurance and reinsurance premiums trading on an all time high! Profits over the next couple of years will be huge.
That refreshes.
The £8 price targets are great fun to see :)/ Let's get to £6 again 1st.
Started: jamesss, 12 May 2023 10:17
Last post: JDF7, 18 Jul 2023 16:49
Let us see the scale og hits they take from losses related to fire-and weather-related events in North America and Europe. The pricing on catastrophy and cyber-related risks is surely going to have to rise from now into the long-term
Starting to look like a decent price to re-enter at.
Good results and a solid company with solid financial.
Started: MaryBr190, 2 Mar 2023 07:42
Last post: Demos, 3 Mar 2023 13:20
In today's news .... new Chairman buys £500k worth of shares and Jefferies raises Beazley price target to £9.30 (from £8.25).
I thought the results yesterday were excellent. The only downside being the investment return which was already well known and should not have surprised anyone.
It's hard to find fault with what they're doing and the progress they're making.
Nice.
Started: ripley94, 31 Oct 2022 16:31
Last post: ripley94, 26 Jan 2023 23:57
Just read about this *575p placing
lowest price after placing 604p on day of RNS .
It then jumped back to 683p
A retrace 17th January with dip to 637p
No open offer so they do not look after existing share holders , and treat non shareholders better I will be looking for an out now.
Wed, 16th Nov 2022
Beazley raises GBP350 million in capital raise through share placement
Beazley PLC on Wednesday said it raised GBP350 million in a capital raise with "strong support" from existing shareholders.
It said 60.4 million shares were placed by JPMorgan Cazanove and Numis Corp PLC at a price of 575 pence each, while an additional 529,036 shares were subscribed through the PrimaryBid platform.
The price of 575p was a discount of 8.0% to the closing price of 625p on Tuesday, the day the capital raise was announced.
Shares in Beazley were trading 3.6% lower at 602.50 pence each in late trade in London on Wednesday.
Degiro is downgrading from A to B .
Hit a high of 687p 5th January 2023.
Back to 644p now , still above my slice at 633p 31/10/22 .
By 16/11/22 they had fallen back to 605p , I noted the pull back here .
13/10/23 I was in the greatest margin difficulty.
Not looking a bad idea 15 days on, it has dropped back to the slice price I took , after topping at 661p on 9th November 20222. ( approx 5% higher )
Alexandra Jackson Fund Manager of Rathbone UK Opportunities in a promo video 26th November 2021 called Selecting Winning Stocks on PIWORLD, has this and explains why they chose it.
She also said "AIM index had a fantastic year" ( chart does show that to year ending September 2021 ) not so good before that and has fallen back since .
Explains why I was so high this time last year , but my personal portfolio highs topped out Easter 2022.
"You do not want to be a distressed seller when markets fall back sharply "
It appears they just sit back and do no buying or selling .
Fantastic job to have lol
Sliced a tranche today ( W ) @ 633.23 ( limit 633p 90 days ) 2pm within the hour of setting .
Transfered in 9/7/2021 after a year trapped in SVS admin .
Sold two same tranches 2/8/21 @ 399p & 9/8/21 @ 410p .
They continued rise after my sales topping @ 504p 16/2/22 .
They fell back to 386p 7th March 2022. Pity I did not buy those sales back in hindsight .
Started: MG85, 16 Jan 2023 11:17
Last post: MG85, 16 Jan 2023 23:50
I was hoping to see £7. Fingers crossed everything goes to plan. GLA.
has gone from £4 to be fair.
Any ideas on what’s going on?
I thought the insurance industry was seeing huge rises in premiums?
Started: pb1943, 1 Nov 2022 12:12
Last post: pb1943, 1 Nov 2022 12:12
This table is full of inaccuracies for weeks and despite several postings to the ST and Morningstar I have no courtesy of a reply. This week the following were omitted : Beazley, Darktrace,Haleon,Energean,Petershill,Scottish Mortgage,Virgin money,Watches of Switzerland amongst others. One wonders what sort of cretins are responsible? Any comments or information as to who to approach greatefully received.
Started: Bo77ock7, 12 Aug 2022 10:43
Last post: Bo77ock7, 12 Aug 2022 10:43
higher higher /lower lower . ?play your cards right .... more like it .
Yuri.F As you can see from the RNS, the drop in 1st HY profits is entirely due to poor investment returns over the last 6 months.
Premium rate increases were 17% and the combined ratio improved to 87% which is excellent and shows great underwriting discipline.
Improved investment returns in the 2nd half of the year and in the 1st half of 2023 mean that this time next year profits and the SP will be significantly higher.
Safe bet? I wouldn't say so, todays H1 results suggest otherwise unfortunately, that's a huge drop.
Inflation has boosted their costs and this is expected to continue for at least year or two.
This has had its up s and downs over last couple of months , i wish i had done some trading , but the company seems a safe bet at the moment . divi ?
Started: Supercharger, 22 Jul 2022 22:21
Last post: Supercharger, 22 Jul 2022 22:21
Always a professional outfit at Lloyd's and with the prospect of higher interest rates in fact the margin between Underwriting premiums and claims is likely to get even better with increased income from interest on premiums and reinsurance claims in particular take some time to come though (perhaps a couple of years) to settle, which means generally the outlook looks good for Lloyd's syndicates whose earnings on premiums will outweigh claims costs (where claims take time to settle). GLA -great return to form for Beazley they must have a very good portfolio and broker base.