Beazley Share Discussion Threads

[effortless cool] 22/3/2012 12:54

They withdrew because they wouldn't pay over 280p per share, obviously.

[dr biotech] 22/3/2012 12:16

Seems that they aren't going to playing with Hardy then. The statement doesn't mention any counterbid - guess we will have to wait a while to find out why they have withdrawn.

[edmundshaw] 29/2/2012 11:58

ex div today... for 5.4p.

[1nf3rn0] 08/2/2012 09:24

If BEZ don't manage to make the bolt on acquisition of HDU seems there's a fair chance BEZ themselves will become a target with sector consolidation expected.

[andrewbaker] 25/1/2012 15:48

Rates might be going up, but cruise fares will be coming down! Time to bag a bargain!

[edmundshaw] 22/1/2012 13:22

No guilt here. But hard to rub one's hands in glee either that rates are going up because of the incident.

[boros10] 22/1/2012 09:43

Ed

Funny how anyone commenting on insurance rates following a natural disaster always feels guilt.

We didn't cause any disasters or loss of life.

I'd feel much worse collecting a dividend from an investment in the tobacco industry which kills 5 million people a year.

[edmundshaw] 21/1/2012 20:22

First off, sincere commiserations to anyone personally affected by the Costa Concordia incident.

From an insurance viewpoint I came across this:


With Carnival's account spread thinly across the London market, Numis said it would be surprised if any single player held more than 5%-10% of the risk.
"Most of the London stocks are likely to have some exposure, except perhaps Beazley, which tends to specialise in smaller lower-profile ship-owners and vessels," Numis said.

"Although somewhat smaller, we think the Concordia loss has a number of similarities to the Deepwater Horizon loss in 2010. The Deepwater Horizon loss was also spread across a large number of participants and typically cost a relatively modest 1%-2% of net tangible assets.

"More significantly, we think the psychological impact of seeing the unthinkable happening will trigger a significant change in risk assessment by underwriters, as was the case after Deepwater Horizon."


So possibly no BEZ exposure to estimated $800m insurance losses, but marine rates likely to rise. Hard to feel too pleased about it, but there it is.

[1nf3rn0] 17/1/2012 10:11

Wonder when we'll get news on the potential Hardy bid. It's gone very quiet since the 21 December announcement.

[1nf3rn0] 21/12/2011 23:53

"Wonder if BEZ is interested again. They should be able to get away with a lower offer than they made last year."

Well they are indeed interested in HDU again... what price will they offer this time round?

[tom111] 02/11/2011 08:28

So what happened?

[cool runnings] 12/8/2011 12:57

Bid speculation in the city , 160p from a Yank predator !

[edmundshaw] 10/8/2011 10:37

J93, a bargain, yes, probably. A few around at the moment :)

[james93] 10/8/2011 09:52

edmundshaw ....... Sorry, had forgotten the special divi. Still a bargain though.

[edmundshaw] 09/8/2011 12:08

Yielding 7%, not 9%.

You cannot count last year's special dividend. Especially in this year of catastrophes.

[james93] 09/8/2011 11:14

Topped up at 108p this morning. Yielding over 9% at this price.

[wllmherk] 07/8/2011 21:33

hope 110p holds this week, but, not confident as BEZ likely to fall with everything else. Anyway off to Alton Towers with wife and kids for a few days so won't be screen watching whatever happens.

[1nf3rn0] 04/8/2011 10:05

HDU has been knocked down pretty hard over the last week. I wonder if it is still on BEZ's radar as a takeover target.

[wllmherk] 04/8/2011 09:07

thanks for the clarification Kirkie.
looking at chart again recent support level seems to be 120p. It bounced of that level yesterday and in June. Saw days like yesterday in 2008 when blind panic sets in and good solid stocks like BEZ get hammered. I tend to switch off the pc and go do something else as its too easy to follow the herd and sell shares at big losses.

[edmundshaw] 03/8/2011 16:50

Cheers, I see the boob in the interims announcement. It IS unusual to have xd on Monday, but that's what they said...

[kirkie001] 03/8/2011 16:27

XD today; record date Friday.

[edmundshaw] 03/8/2011 16:25

110p would suit me wllm. My top up price... yield would be 7% there.

[edmundshaw] 03/8/2011 16:22

Actually it went ex div on Monday. Record date today.

The fall today, apart from the weak market, probably has something to do with the profits warning at Amlin yesterday. Bigger hit from catastrophes earlier this year. Recently, Bez updated us on this, so unlikely to get the same problem here imo.