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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.
The market makes will ensure it falls by the size of the divi on Ex-divi day, so approx 4.5% using the current share price.
After that, it's anyone's guess, but if the buyback continues to hoover up a lot of the shares from any sellers and inflation continues it's downward trajectory then we shouldn't go much lower (barring a pandemic/war/financial crisis etc)
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?
Shore Capital Markets has maintained a generally positive outlook on Premier Inn parent Whitbread PLC (LSE:WTB) despite recent underperformance and projections of a downturn in RevPAR (Revenue Per Available Room).
Analysts said Whitbread's financial forecasts suggest a trajectory of growth, with anticipated improvements in revenue, EBITDA, and adjusted profit before tax over the next few years.
“We maintain our BUY stance on Whitbread with the forthcoming preliminary results at the end of April set to provide greater clarity of the trading backdrop,” said Shore Cap.
European operations are also continuing to build.
Shore Cap said: “In Germany, we expect Whitbread to meet its milestone of reaching run-rate profitability in the current calendar year although it is arguably the return metrics on its maturing portfolio of hotels which is key".
Whitbread shares are currently down 12.3% year to date at 3,168p.
A current valuation ratio of 12 times net forward income suggests the market is now starting to price in a 5% fall in UK like-for-like RevPAR, said ShoreCap analysts.
“This continues to feel too low, given attractive returns (ROI of 15%), significant freehold backing and market leading position.”
Great acquisition IMO. Probitas is a profitable and well managed business, but most importantly it is the vehicle to help Aviva accelerate its global, corporate, and specialty growth aspirations.
It gives Aviva access to international licences and the ability to transact more profitable business. An 82% combined loss ratio is excellent. I see no reason why Aviva can't increase the GWP to £1bn over the next 3 years, and if the loss ratio is maintained, that would add £180million to the bottom line.
There's no real catalyst for the share price to go up any time soon following the divi. The next scheduled results are 5 June 2024 i believe. All being well we should move back up to £6 over the next few months.