We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sabre Insurance Group Plc | LSE:SBRE | London | Ordinary Share | GB00BYWVDP49 | ORD GBP0.001P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
---|---|---|---|---|---|
158.60 | 161.00 | 162.00 | 158.00 | 162.00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Insurance Carriers, Nec | 158.32M | 10.11M | 0.0404 | 39.21 | 396M |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
---|---|---|---|---|
17:29:51 | O | 105 | 159.00 | GBX |
Date | Time | Source | Headline |
---|---|---|---|
13/3/2024 | 09:33 | UK RNS | Sabre Insurance Group PLC Notice of Results |
12/3/2024 | 14:16 | UK RNS | Sabre Insurance Group PLC Director/PDMR Shareholding |
12/3/2024 | 12:14 | UK RNS | Sabre Insurance Group PLC Director Declaration |
16/2/2024 | 13:52 | UK RNS | Sabre Insurance Group PLC Holding(s) in Company |
15/2/2024 | 10:30 | ALNC | Sabre Insurance expects results ahead of market expectations |
15/2/2024 | 07:00 | UK RNS | Sabre Insurance Group PLC Trading Statement |
13/2/2024 | 14:18 | UK RNS | Sabre Insurance Group PLC Director/PDMR Shareholding |
11/1/2024 | 11:11 | UKREG | Sabre Insurance Group PLC Director/PDMR Shareholding |
20/12/2023 | 14:24 | UKREG | Sabre Insurance Group PLC Holding(s) in Company |
12/12/2023 | 12:03 | UKREG | Sabre Insurance Group PLC Director/PDMR Shareholding |
Sabre Insurance (SBRE) Share Charts1 Year Sabre Insurance Chart |
|
1 Month Sabre Insurance Chart |
Intraday Sabre Insurance Chart |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
---|---|---|---|---|
2024-03-18 17:30:01 | 159.00 | 105 | 166.95 | O |
2024-03-18 17:05:31 | 159.00 | 5,000 | 7,950.00 | O |
2024-03-18 16:53:38 | 159.59 | 937 | 1,495.36 | O |
2024-03-18 16:49:00 | 158.98 | 394 | 626.40 | O |
2024-03-18 16:35:18 | 159.00 | 342 | 543.78 | AT |
Top Posts |
---|
Posted at 18/3/2024 08:20 by Sabre Insurance Daily Update Sabre Insurance Group Plc is listed in the Insurance Carriers, Nec sector of the London Stock Exchange with ticker SBRE. The last closing price for Sabre Insurance was 157.80p.Sabre Insurance currently has 250,000,000 shares in issue. The market capitalisation of Sabre Insurance is £396,000,000. Sabre Insurance has a price to earnings ratio (PE ratio) of 39.21. This morning SBRE shares opened at 162p |
Posted at 18/8/2023 16:49 by wish i wasnt in rbs Interesting that the price seems to pick up after 2.30?! |
Posted at 18/8/2023 08:15 by wba1 All the points about various inflation drivers abating are fair but are peripheral to the real point. Sabre has been valued historically for producing a COR in the 70s, which is much better (by at least 20 points) than the market. The question is whether you think it can get back to that level (in which case a return to a share price from 200-300 is fair) or whether, like me, you cannot see how that will happen based on the current performance and the GWP growth drivers (in which case the current valuation looks generous, never mind a further increase). I would advise not getting too excited about second hand car values. Damages costs are less important than injury costs and write offs are only a part of damages. Ultimately an insurer value boils down to COR absent non-insurer assets such as rescue networks. |
Posted at 18/8/2023 07:56 by mortimer7 Similarly, UK used car price increases have been pretty flat this year. Average increases of around 2% YTD to July, whereas the last 6 months of 2022 the average was 10% per month (Autotrader report). As a major contributor to claims inflation this surely must be good for Sabre (& all in the sector) particularly as I believe UK motor insurance premium inflation YoY is far higher than these %'s. |
Posted at 17/8/2023 08:16 by wba1 I think that the share price recovery reflects an expectation that Sabre can return to its previous performance level over the next 2-3 years. I doubt this for a simple reason. Even assuming there are no more nasties lurking in the reserves it lost a significant amount of its legacy business as it hiked rates and is now relying on new business (rather than renewals) and new accounts for the likes of taxis, motorcycles and Saga to grow again. None of this is likely to return loss ratios to the 40s and CORs to the 70s (as they were up to 2020) and justify premium ratings. I can see that Sabre has stabilised and is performing satisfactorily but it now looks like a small, sub scale retail insurer with little to distinguish it from bigger competitors. |
Posted at 03/8/2023 13:16 by wba1 Interesting half year results. I remain deeply unconvinced by Sabre. The headline COR is flattered by the change in accounting practices and the real comparator with past years is the 98% undiscounted figure. Whether discounted under the new rules or undiscounted this years half year number is still worse than at 2022 half year. It seems to me that management is using the change in accounting to pretend that matters are better than they are. The undiscounted COR of 98% compares with the results in the mid-70s that Sabre were producing when a stand out performer and the accident year net loss ratio of 69% compares to figures in the 40s. Given the noises they made a year ago and at full year I would have expected to see more improvement by now. On the positive side, the motorcycle performance has improved faster than I expected (but taxis remains a black hole). The written account growth is interesting but will slow down recovery a little due to new business always performing worse than business already held - so it is swings and roundabouts with long term benefit but shorter term cost.I do take the point that COR will benefit as the account grows as fixed and semi fixed costs are spread over more premium and the expense ratio reduces. I am also pleasantly surprised at the solvency ratio holding as well as it has. My overall conclusion is that Sabre has a long way still to go to merit its premium share price compared to either other general insurers or the wider insurance market and the current price remains hard to justify. I may be wrong but this still seems to me to be one for gamblers. |
Posted at 02/4/2023 08:39 by wba1 Hopan; I think that either SBRE is overvalued or DLG undervalued. On balance I lean to the latter but that is just my view. I am convinced both valuations cannot be right. My main concern with SBRE is the likely continuing impact of the motorcycle and taxi accounts as they build to a full effect on profit through the earnings pattern. They will be a much bigger % of earned premium in 2023 than 2022 and I do not believe SBRE can expect them to produce a loss ratio anywhere near that of the traditional Sabre business. SBRE seems to be in transition to a COR much nearer to the market performance than its past 20 point advantage simply because of its pursuit of new business sources. |
Posted at 31/3/2023 23:06 by hopan Hi Wba1, thanks for the analysis. Just to clarify, you think SBRE is overvalued compared to the DLG, right?I appreciate SBRE management on expecting the claim inflation. Well before the others. Good decision. And they ended up almost flat for 2022. |
Posted at 14/3/2023 09:41 by wba1 The results could be worse but no one should expect 2023 to be much better. The core historic business may be ok but taxi and motorcycle will continue to drag. Although the loss ratio may improve in motorcycle and taxi they will comprise a bigger % of the earned premium in 2023 as the transfer completes. This means a smaller gap between the loss ratios of the old business and the new accounts will be offset by it affecting more of the business. The surprising thing is that Sabre seem to be surprised by the performance of these new accounts, especially large losses in motorcycle. I have news for them; large losses are to be expected in motorcycle and loss ratios are bound to be poor in segments the underwriters are learning on the job.I expect 2024 to be the first real improvement so there is a buying opportunity, but I expect the price to stay around the current level for a while yet. |
Posted at 03/2/2023 09:40 by sam9092 A lot of movement going on with share price. Up 4 points down 4 points. Anyone know why so much movement on such a small volume of shares? |
Posted at 13/10/2022 11:48 by wba1 I remain sceptical about Sabre with these latest numbers. At half year the COR was 98.9% with 4.3% due to prior year reserve strengthening which should not repeat in H2. This would imply H2 at circa 94.6% all other things being equal and would support the mid 90s projection for the full year. But all other things are not equal. The earned premium in H2 should be on much stronger rating than in H1 given the rate increases started in H2 2021. And that effect should be magnified given the sharp fall in motor business in 2022 which should be dominated by retaining the best of previously held business. All of this suggests to me that the reference to 'natural first year growth strain' on motorcycle business means it will be producing a COR of well in excess of 110% this year. It may even be substantially more as, for it to have a material effect on 2022 numbers it would need to be very high given that it only started writing this year so conversion to earned premium will be low.My concerns are; * the initial noises about motorcycles are poor and their influence on results will only increase in 2023 as earned catches up with written premium. * is all the bad news out of the way on prior year reserves? * Have they implemented price increases of 24% to Sept across the rating engine or on the motor business actually written? The reason this matters is that an average across the engine does not produce as big an effect on written business as customers buy or are retained preferentially on niches with lower increases. Having said all that I am not convinced their is much more downside in the share price. A market cap of £230m for an established brand with a book of business and, if we believe the CEO, prior year reserves now strong could tempt a bid if it goes much lower. I have seen some really sleazy broker operations and managing agents valued at significantly more. I have reentered this morning, but on the basis of a gamble with limited downside. But I could be wrong. A CEO who under reserves is not to be trusted so I am keeping everything crossed. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions Support: +44 (0) 203 8794 460 | support@advfn.com |
ADVFN UK Investors Hub ADVFN Italy ADVFN Australia ADVFN Brazil |
ADVFN Canada ADVFN Germany ADVFN Japan ADVFN Mexico |
ADVFN France ADVFN US ADVFN Korea |