Beazley Share Discussion Threads

[paddyfool] 07/11/2020 10:02

We are heading into a hard market. Rates are hardening considerably and attachment rates on policies are higher.

[paddyfool] 02/11/2020 09:25

The Hiscox announcement today reads straight across to here, surprised that the market has ignored this. The market is hardening considerably.

[rndm355] 24/7/2020 01:45

Beazley gets some coverage here:

[tournesol] 23/7/2020 13:26

I think today's update is very strong and underscores the long term investment case. For sure it's a shame to see a loss in the past 6 months, but it's hardly surprising and the strength of sales and rates suggests the long term case remains intact.

Interesting to note that the co has withdrawn all cover for pandemics from the policies it sells from here on. Stable door after horses but better late than never.

[paddyfool] 21/5/2020 21:00

it would be interesting if you had a look at the raises made after 9/11 and subsequent performance of insurers share prices.....We are now in the hardest market in living memory where the insurers are for the next two to three years in charge of pricing.

[schofip] 20/5/2020 10:57

Well I am still not convinced even after a substantial rise. Just because they have been able to raise money does not alter the business model ( Covid liabilities and investment returns) and now share holdings have been diluted.

[fadilz] 18/5/2020 17:11

Placing 15% - possibly answers your questions.

Not sure whether this is distress or opportunity - I guess tomorrow's share price reaction will tell.

[schofip] 18/5/2020 12:57

BEZ has been hammered down during this pandemic. Does anyone understand what its liabilities are i.e claims for what. Not looking for estimated numbers just the type of liabilities. Or is it that the money it would normally invest to pay claims has been lost or hit by a collapse in share prices. Just trying to better understand the dynamics.

[harleymaxwell] 27/3/2020 17:29

Nice rise - well with investment income probably looking sick and the insurance market likely to see rates up this could go well and/or merge with another like a Hiscox to strengthen the balance sheet...

[tournesol] 17/2/2020 16:06

I mentioned a share purchase by A Horton. I see he recently sold 500k worth of shares to settle a tax bill. Wish I had tax bills like that.

He retains about £10 million pounds worth so has not exactly baled out. I conclude that his sale is not a signal for me to do likewise.

But I will keep an eye on it.

[tournesol] 17/2/2020 16:06

I mentioned a share purchase by A Horton. I see he recently sold 500k worth of shares to settle a tax bill. Wish I had tax bills like that.

He retains about £10 million pounds worth so has not exactly baled out. I conclude that his sale is not a signal for me to do likewise.

But I will keep an eye on it.

[essentialinvestor] 07/2/2020 14:15

Well done, looked at this earlier in the week and unfortunately thought
general equity markets a little too volatile, hey no.

[tournesol] 07/2/2020 14:11

Some years ago I was following Beazley with a view to buying when the time was right. I noticed that A Horton - the CEO - bought some shares in the open market for a price somewhere round 92-93p (from memory). I decided to follow in his slipstream and bought next day for about 89p. I was delighted that I paid less than he did.

A matter of a few months later I sold at 120p for a very handsome profit in a very short time. I thought I'd done well.

fast forward a few years and the shares are 500-600p. A cursory glance at the chart shows that the share price is on a steady upwards multi-year trajectory.

I re-entered last year and topped up more recently. This time I'm holding for the long term not ducking out with a quick short term profit.

[casino444] 07/2/2020 09:32

Yes 620 next week then maybe over 650 + before ex dividend , the city appear to like the fact there was no special dividend

[rndm355] 07/2/2020 08:06

discussed here:

[tournesol] 06/2/2020 20:11

Looking at the chart, it seems eminently reasonable that we can revisit 620p in the not too distant.

[tournesol] 06/2/2020 20:10

The primary reason I'm invested in Beazley is the CEO - Andrew Horton.

He is outrageously intelligent, unfeasibly sharp and absolutely as honest as they come. I trust him unreservedly.

I think he continues to steer the company on a very canny course.

[harleymaxwell] 27/1/2020 14:03

Nicely up today

[harleymaxwell] 22/1/2020 18:58

Good volume and rise today . Consolidation in the industry must be on the horizon ....

[tournesol] 11/11/2019 15:16

It's obvious what's going on. Read the results. Look at the share price. Join the dots.

FWIW I think there is a massive over-reaction to a forecast short term profit reduction. I have recently trebled my holding.

[schofip] 11/11/2019 11:00

Don't know what is going on here. The share price is like a brides nighty.

[harleymaxwell] 21/2/2019 17:08

That was the kiss of death!

[harleymaxwell] 21/2/2019 13:55

Someone nibbling rising on volume....