Hiscox Share Discussion Threads

[hyden] 10/5/2021 14:46

I think the tide is beginning to turn with HSX. Each pullback over the past 3 sessions has been followed by increased buying pressure sending the price higher. I am encouraged by this positive sign. :-) Good luck to all holders.

[essentialinvestor] 07/5/2021 09:45

Nice. Sold some.

[archy147] 07/5/2021 00:05

Ah thanks v much for the response Chris, it all makes sense now cheers

[chris79] 06/5/2021 21:32

It's HO is Bermuda (ie not UK) so no stamp duty..

[archy147] 06/5/2021 18:33

Hyden, I couldn’t agree more. I bought in yesterday at what looked like a bargain price under 810p. Difficult to see much downside risk from that price, which is lower than it was before V day last year (and still is)!

One thing I’m puzzled by is why I didn’t have to pay stamp duty on the purchases I made. Can anyone explain why Hiscox is exempt?

[hyden] 06/5/2021 10:11

I've bought in this morning, half in the ISA and half in the SIPP. I thought yesterday's TS was rather upbeat and I was surprised at the market's reaction.

Bull Points
i)Rates are hardening.
ii) Past reserves look to be more than sufficient and may trigger releases in the future.
iii) Exposure to Evergreen is largely immaterial.
iv) Exposure to Covid19 looks to be known for claims out to June, when restrictions are supposedly going to end full stop.
v) Restoration of Dividends is a priority.

The future looks promising and it makes me think, what am I missing?

[hopan] 05/5/2021 20:23

It is indeed confusing. Either the market is discounting something big regarding the BI costs. Some people estimate it is around £500mio for HSX.

[ttny2004] 05/5/2021 12:53

I know it is so confusing. Other stocks have been flying the last 6 to 9 months. Beazley and Hiscox sitting in the doldrums. Swinging into profit again should help as well as interim dividend.

[farrugia] 05/5/2021 10:41

why is this trading so low? I thought the statement looked good?

[danny murphy] 05/5/2021 07:11

Great Trading Statement, lets hope that this pushes the share price above 900p today!!

[essentialinvestor] 30/3/2021 15:13

Chris, a poster the SHA board commented yesterday-
in a nutshell his view appeared to be a possible limited small exposure.

Should stress that I could not even guess the answer, no RNS so far.

[chris79] 30/3/2021 13:49

Would they have much liability on Ever Green anyway? Would business insure for a delay of a few days? They do seem to have fallen too far and others have indeed bounded back more.

[essentialinvestor] 30/3/2021 13:44

Turning out lovely.

[essentialinvestor] 29/3/2021 18:27

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.

[hopan] 29/3/2021 18:25

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?

[essentialinvestor] 16/3/2021 11:46

Beginning to look interesting again?.
Had a small amount.

[harleymaxwell] 03/3/2021 09:29

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

[thewheeliedealer] 17/2/2021 21:56

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

[spooky] 01/2/2021 09:17

HSX and BEZ will surely get taken out if their share prices stay at this level.

[our haven] 15/1/2021 11:37

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.

[our haven] 10/11/2020 16:13

MoreEarl. Looks like the market agrees with you although everything is crazy at the moment in a good way at a stock level.

[moreearl] 09/11/2020 13:27

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

[essentialinvestor] 29/9/2020 17:13

Think it's quite easy to read between the lines there ).

[our haven] 29/9/2020 08:53

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.

[squeamish1] 15/9/2020 17:20

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.