Welcome to EQUITY DEVELOPMENT

The UK's longest established regulated provider of sponsored equity research.

We launched EQUITY DEVELOPMENT in 1997 becoming the first ever  regulated provider of Sponsored Equity Research in the UK.

Our research teams are made up of expert analysts with deep understanding & experience in their sectors.  Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).

We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.

 

FREE REGISTRATION

Sign up today and access the very latest company research

LOG IN

For access to all company research please

Beazley

Beazley is a high-quality non-life insurer, operating through two Lloyd’s syndicates and an “admitted lines” US Insurance company.  It has an exceptional track record for underwriting having provided the Names on its syndicate with a profit on every closed year of account since it started.

Results: resilient underwriting, disappointing investment returns

Strong USA growth vs decline in Lloyd’s premiums

Well placed at this point of premium cycle

Despite soft premium rates outlook fair value still 160p / share

Publication Date:
August 1 2008

Impressive results continue

Beazley’s results were predictably good with pre-tax profits of £138.5m,nearly 1% above my July forecast and 12% ahead of the “consensus”. Profit before tax and the IFRS forex adjustment rose by 35% (pre-tax was up 60%), stated earnings per share by 68% and dividends (including a 4p special dividend) by 108%.

Publication Date:
March 3 2008

Doubled profits - Beazley beats expectations

Excellent underwriting performance

Growth in USA accelerating

Investment income a sound foundation for future profits

Prospect of return of surplus capital

Publication Date:
July 31 2007

Beazley; Impressive results but more to go for

  • Rapid growth continues
  • Firm premium rates and a benign claims environment
  • Beazley US now reaching critical mass

Publication Date:
March 12 2007

Beazley; profit upgrades and strategically well placed

  • Consistently profitable Lloyd's insurer
  • Showing rapid growth and excellent return on capital
  • Upgrading of our 2006 and 2007 forecasts
  • Short term fair value seen at 169p/share; medium term target 210p
  • Current price 146p

Publication Date:
January 9 2007

next