Direct Line Insurance Share Discussion Threads

[0micron] 05/3/2013 09:52

I'm reluctant to increase my exposure further to a single sector, especially given the recent rally in the markets. if esure performs well that should give a boost to direct line too

[analyst] 04/3/2013 18:48

Anyone for the upcoming flotation of esure?

[danny murphy] 04/3/2013 08:40

bought in today at 206.58p. Goes ex div on 6 March

[eaaxs06] 01/3/2013 07:35

Oriel are merely reiterating their current stance (same as Investec) so the clients that take notice will have already dealt to take a position.

It's the new ratings, or change of direction, that are more likely to move the shares significantly.

[topvest] 28/2/2013 21:14

Good results. This business has potential for a big re-rating if they can sort the profitability of the underlying business. It has a strong market position and good prospects in my view.

[eaaxs06] 28/2/2013 16:37

I guess its because everything was as expected (and forecast last October)

Volume of shares traded has picked up a little today, but nothing amazing.

[0micron] 28/2/2013 13:45

I'm surprised there's almost no reaction to the news on the share price.

[skinny] 28/2/2013 09:20

Financial highlights

· 9.3% increase in operating profit from ongoing operations1 to £461.2 million with all five divisions profitable in 2012
· Return to underwriting profit with a combined operating ratio2 of 99.2%, an improvement of 2.6 percentage points
· Return on tangible equity3 of 11.5% and pro forma return on tangible equity3 of 13.4%
· Final dividend of 8 pence per share, implying a pro forma annual payout of 55% of post-tax earnings from ongoing operations. From 2013, aim to raise the dividend annually in real terms

Strategic highlights

· Good progress made towards achieving 15% return on tangible equity target

· New and extended major partnership agreements and expanded presence of Churchill and Privilege to the four major UK price comparison websites

· Delivered benefits through claims and pricing transformation plans contributing to a 3.1 percentage point improvement in the loss ratio to 67.1%

· Announced plans relating to 70% of £100 million gross annual cost saving target with advanced plans for remainder of the proposed savings

· Improved balance sheet efficiency by raising £500 million of long-term subordinated debt and paying £1 billion of dividends to RBS Group pre-IPO. Capital position remains strong with risk based capital coverage of 145% post-final dividend

[ukinvestor220] 20/2/2013 18:06

its a question of whether DLG has a sustainable div or not - which RSA didnt

[zcaprd7] 20/2/2013 16:15

Phew indeed! Dumped rsa on the say day, which I guess is weighing on direct line today...

[zcaprd7] 24/1/2013 14:01

That's me done. Phew great stag. Good luck to everyone!

[eaaxs06] 22/1/2013 12:26

Yes, the review date is the Wednesday, after the first Friday of the month, based on closing prices from the Tuesday.

So, I guess that's going to be Wednesday March 6th.

[zcaprd7] 22/1/2013 11:38

Bit stronger lately . When is the ftse 100 shuffle due. March?

[eaaxs06] 21/1/2013 11:53

DLG seems stuck in a 210-215p range now, and needs some good (or bad) news to shift it out.

It's a shame the spread keeps widening, as there would be a good chance to make a quick buck.

[zcaprd7] 03/1/2013 14:11

Seems to have got stuck now though...

[zcaprd7] 21/12/2012 18:59

Still going up. I'd like to thank all the naysayers at the ipo...

[zcaprd7] 14/12/2012 12:22

IPO of the year candidate?

[nevets3] 13/12/2012 09:10

TUI Travel had a higher market cap, which is why it enters the FTSE 100 instead of DLG. Usually market cap has to be £3.1bn before getting in, and DLG wasn't quite there and Tui was with £3.177bn, Pennon shares had fallen that much that the highest ranking non FTSE 100 company automatically gets it - Tui Travel.

I suspect that DLG will get into the FTSE100 in March.

For now fund managers will be buying in for their FTSE250 fund so it's all good from now until March.

[eaaxs06] 13/12/2012 08:43

Ooops, got that wrong.

Direct Line goes into the FTSE250, and is 1 of 6 'reserves' to enter the FTSE100 in event of anyone dropping out during the next 3 months.

Maybe it's something to do with the number of shares that are available, not the total capitalisation of the company?

[squire007] 12/12/2012 20:12

seems that way ...

[eaaxs06] 11/12/2012 18:12

It's the FTSE100 quarterly review tomorrow, and I presume with £3b cap Direct line will go straight into it?

Maybe a few of the income fund managers have suddenly realised it?

[deb81e] 11/12/2012 16:34

Nice 4% rise today

[zcaprd7] 08/12/2012 15:29

Ok, so why did they create the jobs in the first place - are they really getting more effecient? Still, when is the maiden dividend due and aren't they in the FTSE100 soon?

[analyst] 04/12/2012 18:46

Err, isn't that what companies are for?? It's not a job-creation agency!