Sabre Insurance Share Discussion Threads

[rolo7] 03/12/2024 18:10

Capital markets day soon nice base here at 130p

[wish i wasnt in rbs] 24/10/2024 19:58

Numis increase target price to 210 - you pays your money you takes your choice.

[skinny] 23/10/2024 09:11

FWIW :- RBC cuts Sabre Insurance price target to 180 (200) pence - 'outperform'

[martinmc123] 22/10/2024 10:09

Sabre Insurance Group posted a strong Q3 trading update which confirmed the business remains on track for record premium income and strong, on-target profit. Gross Written Premium in the 9-month ytd was now up 15% against the same period in 2023 to £186.5m, the business is on-track to deliver record Gross Written Premium for the year. Revenues are being supported by the Group’s decision to continue to increase rates to cover elevated claims inflation, in contrast to the wider market. Its policies continue to be written at target margins which is underpinning profitable growth for this year and positioning Sabre well into 2025. Management maintained their expectation of a profitable out-turn across all product lines so FY24 is shaping up for robust topline growth at healthy margins. Management today reaffirmed profit guidance and continue to anticipate strong year-on-year premium growth and profit in line with current market expectations...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/SBRE/894

[martinmc123] 22/10/2024 10:07

4*
Sabre Insurance Group posted a strong Q3 trading update which confirmed the business remains on track for record premium income and strong, on-target profit. Gross Written Premium in the 9-month ytd was now up 15% against the same period in 2023 to £186.5m, the business is on-track to deliver record Gross Written Premium for the year. Revenues are being supported by the Group’s decision to continue to increase rates to cover elevated claims inflation, in contrast to the wider market. Its policies continue to be written at target margins which is underpinning profitable growth for this year and positioning Sabre well into 2025. Management maintained their expectation of a profitable out-turn across all product lines so FY24...from WealthOracle

wealthoracle.co.uk/detailed-result-full/SBRE/894

[rolo7] 30/8/2024 10:21

Very cheap this ? Takeover possible nice add on for big uk insurer?

[r9505571] 22/3/2024 10:18

Final dividend of UK£0.081 announcedShareholders will receive a dividend of UK£0.081.Ex-date: 25th April 2024Payment date: 5th June 2024Dividend yield will be 5.0%, which is about the same as the industry average.Sustainability & GrowthDividend is covered by both earnings (70% earnings payout ratio) and cash flows (54% cash payout ratio).The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments.EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover.

[martywidget] 22/3/2024 05:40

'RBC Capital Markets has lifted its target price for Sabre Insurance from 200p to 220p and reiterated an 'outperform' rating after the company's well-received annual results, hailing the company's ability to continue winning volumes profitably.
20 Mar, 2024 16:11
www.sharecast.com/news/broker-recommendations-/broker-tips-sabre-insurance-close-brothers-elementis--16467774.html

[r9505571] 20/3/2024 18:52

Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results:EPS: UK£0.073 (up from UK£0.041 in FY 2022).Revenue: UK£196.8m (up 23% from FY 2022).Net income: UK£18.1m (up 79% from FY 2022).Profit margin: 9.2% (up from 6.3% in FY 2022). The increase in margin was driven by higher revenue.Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 13%.Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Insurance industry in the United Kingdom.Over the last 3 years on average, earnings per share has fallen by 49% per year but the company's share price has only fallen by 11% per year, which means it has not declined as severely as earnings.

[boozey] 20/3/2024 16:22

It has been a good couple of days here - on the road to recovery.

[r9505571] 19/3/2024 22:19

Price target increased by 7.2% to UK£1.81Up from UK£1.69, the current price target is an average from 8 analysts.New target price is 14% above last closing price of UK£1.59.Stock is up 50% over the past year.The company is forecast to post earnings per share of UK£0.064 for next year compared to UK£0.041 last year.

[wish i wasnt in rbs] 19/3/2024 07:22

Seem to be promising results. 🤞

[sam9092] 14/9/2023 15:47

WBA- you are correct in your assumptions. This was a legacy holding. Aviva continue still to be the biggest shareholder.

[wba1] 14/9/2023 15:38

Interesting about Aviva. I had not realised they were a major shareholder. It is an odd investment for them and I wonder if it is somehow linked to their previous ownership before they sold it to Keith Morris and Angus Ball about 20 years ago. If so they may just be catching up and cleaning up, as with their international holdings. Does anyone know?

[wish i wasnt in rbs] 14/9/2023 15:28

One person's sell is another's buy - clearly the buyer knows something - BUY NOW. 🤣

[sam9092] 14/9/2023 13:59

Now we know who sold Sabre shares yesterday. Their biggest shareholder AVIVA. Reduced from 9.98% to 8.85%. They clearly know something. SELL NOW.

[sam9092] 13/9/2023 21:10

That is a lot of shares traded today 2M. Somebody dumping alot of sabre shares. Do they know something we don't.

[wish i wasnt in rbs] 07/9/2023 07:50

Any thoughts on todays results from DLG? Seems to be about as bad as it can get yet the share price is up 15%

[wish i wasnt in rbs] 18/8/2023 16:49

Interesting that the price seems to pick up after 2.30?!

[wba1] 18/8/2023 08:15

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.

[mortimer7] 18/8/2023 07:56

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.

[wish i wasnt in rbs] 17/8/2023 14:25

I suggest the Shares were overbought during the lead up to the pandemic when it seemed inconceivable that interest rates would ever go up and then oversold when the profits evaporated due to inflation pushing up the cost of repairs and 2nd hand car values. Shares now worth a punt as premiums go up, inflation starting to decrease and insurance company's holding bonds as investments is looking good?

[wba1] 17/8/2023 08:16

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.

[sam9092] 16/8/2023 23:56

Excellent post by you. Sabre going up and up? Is there something I don't know?