Forecasts & Results
S.A. Meacock has released an updated forecast for the 2022 and 2023 years of account for syndicate 727
Posted 07/11/2024 – Forecasts & Results
S.A. Meacock has announced an updated forecast for the 2022 and 2023 years of account for its syndicate 727 as at 30th September 2024
Syndicate 727
The 2022 forecast has improved to a profit between +7.5% and +15.0% of capacity, midpoint +11.25%. The previous forecast range was between +2.5% and +15.0%, midpoint +8.75%.
The 2023 forecast has improved to a profit between 0% and +15.0% of capacity, midpoint +7.5%. The previous forecast range was between -2.5% and +15.0%, midpoint +6.25%.
Alpha comment
The open year forecasts for 727 continue to improve. These forecasts, especially for 2023, look to be cautious and we certainly expect the 2023 year to produce a stronger profit than 2022, given the lack of major losses in the market during the 2023 calendar year.
