Ebix, Inc. (EBIX) Social Stream

Ebix, Inc. (EBIX)

Today's Latest Price: $35.94 USD

2.00 (5.89%)

Updated Nov 24 4:00pm

Add EBIX to Watchlist
Sign Up

Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 48 in Software - Business

See all "A" rated Strong Buy stocks

Featured Post From StockTwits About EBIX

$EBIX Lloyd’s of London Ditches Plan to Create its Own Electronic Exchanges


"Lloyd’s no longer plans to launch its own complex risk exchange but will work with existing platforms already used by the market, such as PPL, to improve digitalisation. Lloyd’s bought a 40% stake in PPL this year."

Seems this development might be good for Ebix, considering that another vendor, CGI, was rumored to be the frontrunner to build the next generation complex risk platform, and Ebix's contract was set to expire in 2021. All that's been scrapped now.

We'll have to keep an eye on PPL to see if Ebix stays involved with it after next year.

Possibly related, on the last conference call RR said: " In 2021, contractually, we are expecting to see a 20% increase in U.K. revenues."

It sounds like Ebix negotiated for a 20% increase in its PPL fees as that is the main revenue component in the UK. Nice.
ValueTrapeze, published November 23, 2020

Loading social stream, please wait...

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Page generated in 0.5355 seconds.