Member Info for Nick1234

£1.7billion in cash according to today's RNS, I don't think there will a capital raising any time soon.

A strong start to Q4 and maintaining full year guidance are two big plus points, but I fear this could slip at open.

The only piece of news today I can see is this:

Oddo BHF cuts Wizz Air price target to 2,400 (2,600) pence - 'outperform'

Unless someone has got wind of some good news coming out of Thursday's trading update....

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EasyJet PLC has received a double upgrade from analysts at Bank of America, who see bigger capacity, stable fuel costs and more people going on holiday as a winning trio.

'Buy', from 'underperform', is the bank’s new view after it raised its profit forecast for this year by 14% to £549 million, with load factors (plane occupancy) estimated to be 1 percentage point higher than previously on average.

“Growth will be driven by both higher passenger numbers (company targets over 35% year on year and we are at 36%) and increasing ASP (seat prices),” BofA said.

Shares rose 1.85% to 518.6p.

Thanks Emerald, came on here just to see if there was any exposure for WIZZ and relived to hear not.

An £80m reduction in estimated profit = over £1.3billion wiped off the market cap. Doesn't sound right. Well overdone.

The load factor is not unsurprising at this time of year. Like many airlines, WIZZ makes a loss in the winter months.

The load factor was still higher than December last year and fuel costs are also lower year on year.

FY24 guidance is still for a profit before tax in the region of £925m. This share is still undervalued.

Got to agree. Simplified business model, the next results should be good, big divi, share buyback in the pipeline... What's not to like?

£10 won't be long off.

That is a big sell. Does that reduce the chances of a special divi? You would have thought SSA would know if one was forthcoming and not sold up.

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.

Agree that this is massively undervalued

Last year there was a trading update on 1st December and I expect one again this year. Perhaps that can be the catalyst for a rise in the SP?

Great news! I think a share buyback is definitely on the cards.

DYOR.

Great update. I think this is a superb share. Huge growth potential, great brand and as a strategic partner of Coca Cola, it's very secure.

I would like to see an interim.divi introduced at some point in the future to supplement the main divi.

Keep buying. Only 14 weeks to the end of JD's financial year on 28/01/24 and £1billion profit before tax is in the bag.

I'm expecting plenty of M&A activity in the general insurance market over the next year or so. It sounds as though the likes of Allianz, AXA, Intact (who own RSA) and Danish Insurer Tryg have money to spend.

I just can't see one of those buying the whole of Aviva when Aviva is more weighted towards life insurance and wealth which they don't have much / any experience in.

IMO this is undervalued regardless of takeover speculation. Happy to hold, take the divi and see what happens. A fall in inflation next year and potentially interest rates should increase sentiment.

If Allianz are interested, would they want the whole business or just the general insurance part? Presumably the later given their existing footprint.

Excellent set of results and nice to see the share price rising accordingly.

The business is putting everything in place to become a global leader in this space. Very happy to be invested here, I won't be selling anytime soon.

I'm surprised they didn't snap up NIG from Direct Line instead of it going to RSA. As far as acquisitions go, it would have been fairly easy to integrate given the geographical and product overlap with Aviva's existing commercial brokered general insurance book.