Turning out lovely. |
I think it looks interesting but don't work in reinsurance so can't offer
any indepth view. Added some today as hoping for a bounce on the Ever Given unblocking. |
Do you think this is the best recovery stock in the market currently? If you look all the other travel, leisure stocks, they are pretty much recovered in price. HSX or insurance is the exception. What do you think? |
Beginning to look interesting again?.
Had a small amount. |
think there is more covid pain in the insurance market - the bi claims are easy to quantify and settle but liability type claims will be around for a wile yet |
Hi everyone,
My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast last week and part of our discussion includes the outlook for Insurance Stocks like HSX, particularly with Premium Rates rising.
As always we also chatted about loads of other Stocks and Ideas for research and a fair bit of educational stuff with regards to Investing and Portfolio Management. We also start off with quite a bit about the overall Markets and where they are most likely heading.
Anyway, if you use Youtube, Apple, Audioboom, Overcast, Google+ or Spotify you can find it under the 'Conkers Corner' Channel (you want Podcast TPI 42) and you can find it on Soundcloud at the link below.
I hope you enjoy it and find it useful, we try to keep them light and they are totally unscripted, not like all the stuffy financial fodder you are probably more used to !!
Cheers, WD
@wheeliedealer |
HSX and BEZ will surely get taken out if their share prices stay at this level. |
Good to get the Supreme Court judgment out of the way to see the impact. Looks like it was fully priced in and we can move forward to the 3rd March results. At last some clarity for policyholders and shareholders. |
MoreEarl. Looks like the market agrees with you although everything is crazy at the moment in a good way at a stock level. |
RSa getting bought - looks like its up on M&A speculation. Looks cheap against book value, fair value for a high growth, high margin specialist should be 2 times book. That's about £12.5 ish per share. So plenty of upside here |
Think it's quite easy to read between the lines there ). |
I see that Hiscox are keeping all options open on the test case by seeking leave to appeal.Sensible approach although market was happy with the courts decision. |
Obviously a bad result in court, sure it is embarrassing to their good word to find out that they wrongly denied coverage to tens of thousands of customers at a cost of £100m. But not the £400m car crash the market was expecting so this stock is back in business - with the capital raising already completed, this £100m is a nasty p&l loss but not a balance sheet event, which means this is already old news and the market can get back to pricing them in for growth in a hard market, with added risk of takeover sub £10.
I can’t see hiscox would want to drag their reputation through the mud any further by appealing. Just pay up and move on.
Like that they sneaked a little trading update in to the announcement. 19% premium growth in a hard market in lockdown is obviously what the market wants to hear. Just the pesky matter of the hurricane season to worry about now. |
The market had factored in worse hence the reaction. You only need one house so short and it goes your way you will have two which is of limited use, but if it does not work then you are stuffed. |
Bizzare TBH. If I had access to relevant platforms I’d short it now but therein lies the path to losing ones house. ;) |
Out at 8.94. |
More than like it! |
Seems the market likes it though! |
That’s bullish. Just wondering about the cost for actually handling all these claims over coming months if they lose at appeal. |
* RNS.
Had a few. |
What the hell is going on. Must be something buried in the judgement. Very odd |
Spoke to soon! |
Share price holding up well despite the early analysis of the judgment. Guessing downside was built in? |
Pretty brutal few weeks for Hiscox. If the court case goes against them I can imagine the price moving to the 500s before a rebound. Little chance of catching the bottom but would be tempted in the low 600's pence area. |
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