The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Also worth noting BEZ has a Political Risks book which could potentially end up paying claims out.
As one of the biggest cyber insurers in the world, BEZ definitely has an exposure to Russian hacks and cyber attacks. If the war on the ground doesn't go their way, or they get driven out of Ukraine or they become a pariah state (as they effectively now are), the Russians could change tack and launch coordinated cyber attacks against the Western World leading to BEZ having to pay out claims.
I dont believe BEZ has much exposure to property or reinsurance claims in Russia/Ukraine. War is usually excluded from commercial insurance anyway.
This is now touching the low point in March 2020 at the height of the pandemic. Surely a bit of a rebound from here?
The exposure to Germany is very small. How many hotels have they actually got over there? 50?
Completely agree, this fall is well over done and £27 represents a great entry point.
Completely agree with your comments. The results are fantastic but Russia and Ukraine are both highlighted as being high growth areas (approx 20% ). These sales will surely evaporate if sanctions are imposed.
Results Friday no?
Completely agree. NAV up but shareprice down?! Seems illogical and the discount to the NAV has now widened.
Still at least the RNS hinted at an increase to the divi at some point in the not too distant future.
This is moving in to oversold territory now. The PE is around 21 which is low for a company growing so fast. I expect it will start to level off now and then push back up. Good news on inflation or a positive trading update could be a catalyst.
I thought the results were v.good, slightly better than expected and bodes well for 2022.
I guess its just down to profit taking after a really good couple months. Personally, I'm holding. I got in at 313p so the divi yield isn't too shabby for me and can see 600p being hit before the end of the year.
The share Price is now quite close to the NAV, the big discount offered over the last 18 months has been eroded by recent increases.
There should be a new NAV announced by the end of next week which could provide a boost to to the share price if it provides a decent uplift.
Exactly Noddi, I don't think he's sold up because he doesn't have faith in the company or because this is as high as the SP will get. He's sold up because he's 68 and wants £20m in the bank. You can't begrudge him that, he's worked bloody hard over the years. He's still got another £20m invested, but that's a tiny fraction of the value of the company.
Bizarrely, Liberium Capital have a target of 2,300p.
"Liberum Capital stuck with its ‘hold’ rating, though it reduced its price target from £35.60 to £23.
‘The company has maintained guidance but after a slow start to the year, there still remains a lot of work to be done to achieve this’, cautioned the broker.
‘While ASOS has made significant technological and infrastructure progress over the last few years, significant cash has been burnt to achieve this and execution has been a source of disappointment historically.’
I think this is a great move and is actually more important than the trading part of the update.
Being on the FTSE makes it harder for the shorters to manipulate and they know that. No way would that 60% fall over the last year happened on the main market. More stability and less volatility going forward.
Any companies that have exposure to an increase in inflation and interest rates, particularly in the US are getting hammered. The Nasdaq is down approx 8% in a week.
Haha, can I wait until after Thursday's trading update to answer that one? Seriously though, I would say within a year. Although there are a lot of variables; high inflation, an economic recovery and covid being the main ones. The 4 most recent Broker Ratings (which usually have a year long timesacle) have an average target price of 4450p, which would give a 100% increase from today's share price. All my own opinion of course.