Hiscox Share Discussion Threads

[medieval blacksmith] 27/9/2021 13:24

Yes, thanks Effortless. Very helpful. :)

[essentialinvestor] 26/9/2021 12:49

Very useful, thanks for highlighting.

[effortless cool] 24/9/2021 09:05

An interesting article in "The Insurer" today, regarding Hiscox's exposure to possible non-payment of COVID loss recoveries by reinsurers.

[essentialinvestor] 04/7/2021 18:57

US companies hit by colossal ransomware attack..

[essentialinvestor] 01/7/2021 13:17

Added, small amount.

[essentialinvestor] 30/6/2021 12:32

Wild fires and extreme temperatures causing havoc in the US and in to Canada.

[linton5] 28/6/2021 15:06

Breakout on the 2year down trend line

[essentialinvestor] 28/6/2021 14:57

Lovely )).

[chris79] 28/6/2021 12:11

Why are they keeping the figure secret? Surely it is strange for such a (hopefully) one off given it is a public company. It can surely only leak anyway to certain people.

[linton5] 28/6/2021 11:42

Arbitration settlement with the hiscox action group relating to business loss due to COVID, 🦋

[essentialinvestor] 20/6/2021 14:01

Bought a few before Friday's close.

Chairman plus a non exec have bought shares recently in the open market.

[spooky] 16/6/2021 15:19

Opened a long position today.

[spooky] 11/6/2021 09:33

Cyber activity should be regarded as a market opportunity rather than a problem. Their whole business involves the assessment of risk and pricing it correctly when they decide to accept it. Yes by all means they can temporarily get something wrong but that is the business they are in.

[hopan] 10/6/2021 20:53

It look like Barclay's analyst explained some of the reasons. He is blaming the reflation trade for the underperformance.

[hopan] 28/5/2021 17:18

As long as they pay dividends, I don't mind this stock or BEZ is undervalued or stay at the same level for years. This is in my SIPP and can stay there for a long time. It is only annoying to see the MarktoMarket of this holding, other than that, as long as they start paying dividends, all is fine for me.

BEZ paid 12.3p as a dividend in 2019 for 35p EPS. If they can repeat the same performance again, that is 4.1% dividend yield for me (on 300p share price)... there is also capital upside option I have...

[essentialinvestor] 28/5/2021 17:05

Hopan, interesting points and TBH I personally can't answer that.


Sometimes shares and sectors trade below value. I hold Senior which was bid for today
and happened to highlight it as a 2-3 year play on the SHA board yesterday.

In terms of cyber/ransomware then yes it's reasonable to ask are premiums reflecting the arguably increasing risk. I suppose you only really know that after the event
and unless you work in the sector or have close contacts, it's difficult to make an assessment.

Not much BOD buying in the sector atm, not always a salient factor to be fair.

[hopan] 28/5/2021 16:49

Recent broker target share price reductions can have some effect on sentiment as well.

[hopan] 28/5/2021 16:43

I doubt that algos created this much of rerating, it looks more like a large institution or fund is reducing exposure to this sub-sector. LRE, HSX, and BEZ all move in synchronise wave.

I try to understand their rationale for reducing exposure. Do they expect defaults in the sector? Do they expect big ticket claims from Cyber/ransomware? Do they expect a damaging hurricane season? Maybe combination...

Or they may be thinking their fixed income portfolio will go down in value due to rising rates? or they think we are at the top of the insurance cycle.

or is it just a bad timing for them?

[essentialinvestor] 28/5/2021 14:51

In/out on LRE.

[spooky] 28/5/2021 14:48

Haven't you been long LRE for a while? Or just hopping in and out until they turn?

[essentialinvestor] 28/5/2021 13:39

Bought a very small amount of Lancashire yesterday, just 1,000 shares.
Tried to start some discussion on the LRE board a number of times but no takers.


Gut call is HSX appears cheap and what we are seeing is algo dominated movements or
perhaps a large institutional holder/s reducing exposure to this sector.

On fundamentals, is cyber ransomware risk being adequately priced..

[spooky] 27/5/2021 14:46

I get it. Either HSX, LRE, BEZ, find a bottom soon, at or above post covid lows, or things will get ugly. I am not expecting that but..........

[essentialinvestor] 26/5/2021 14:33

Bought a very small amount under 7.60, not enough to cause any headache in
the case of something unexpected.

Possibly available under 7.40, but best keeping in mind wider markets are very
strong atm, this price weakness is in stark contrast. If we get some equity
volatility would not want to bet where this could end up.