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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Direct Line Insurance Group Plc | DLG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.40 | -0.58% | 241.00 | 11:50:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 240.60 | 240.00 | 241.20 | 242.40 |
| Industry Sector |
|---|
| NONLIFE INSURANCE |
| Top Posts |
|---|
Posted at 16/12/2024 13:00 by jrphoenixw2 DailyT article yesterday - a few extracts:'Hundreds of jobs at risk from Aviva’s £3.6bn takeover of Direct Line Merger could lead to duplicate roles needing to be cut ------------ Hundreds of jobs are at risk from Aviva’s proposed £3.6bn takeover of Direct Line, as the insurance giants rush to combine ahead of a crunch Christmas deadline. The merger to create Britain’s largest insurer is likely to see management swing the axe at a variety of divisions, according to analysts. ... But the deal is likely to lead to significant job losses as management cut roles duplicated across head office, human resources, marketing and senior management, according to City analysts. Direct Line’s wage bill alone could be slashed in half from £210m to £100m because of the tie-up, according to Deutsche Bank. ... Some jobs are also likely to go across Aviva’s 23,000-strong workforce because of the duplication with Direct Line’s staff. Cost cuts are likely to be deeper than in other similar mergers because of the significant overlaps across the two companies, analysts say. According to Barclays, “both companies write direct business that is conducted via their own call centres and online portals, circumventing price comparison websites and brokers,” – potentially opening the door to a merger of these operations. Both also have a network of repair centres, with Direct Line owning 23 garages and Aviva a similar number under its Solus brand. These could also be combined to drive savings. Direct Line’s cost base is expected to be reduced by up to a third, according to most City estimates, with IT systems, marketing, claims management and staff targeted for cuts. ... Dame Amanda and Mr Winslow are expected to give more information to investors about the cost savings if they strike the deal this week. Direct Line has previously said it expects “significant synergies” from the deal. Aviva said it would deliver “material&rdqu |
Posted at 06/12/2024 09:56 by my retirement fund Direct line has provided approx 250p in dividends since it floated in 2012. It's initial shareprice was 203p so it's final shareprice will be 30% higher after it's 12 year history.I suspect it may take Aviva a lot longer to get it's money back for this offer.Aviva investors must be feeling fairly sick. |
Posted at 03/12/2024 14:41 by careful We are all short term in our thinking.It will take a few years for Aviva to reap the benefits of this deal. Yet here we are looking at the share price of both companies on an hourly basis. There are no long term investors anymore the prices are too volatile. We have to be fleet of foot or get crushed. I dithered about offloading housebuilder Vistry at about £14 and paid the price. Down to a little over £6 in 2 months. You snooze you lose. |
Posted at 03/12/2024 10:16 by huckers tuftymat. I think a fair few investors feel that way. I am being patient for now. |
Posted at 02/12/2024 07:23 by laurence llewelyn binliner #Carpingtris, interesting views, the DLG founder has suggested it could be a 3 or 4 year turnaround story, from an investors perspective (and this 1), we could be better taking a 2nd AV bid with the 7% income share PX now or moving into other income stocks, the 6 pence or 2% income here is not really enough to keep interests locked into the share for the recovery period..?Will our II stake holders take a similar stance and the decision out of AW hands..? |
Posted at 29/11/2024 14:58 by stevensupertrader Wba1 - don’t get carried away , the rug will soon be pull underneath from you and leave investors hanging in mid air .This sudden 70% increase of DLG Share Price before the announcement of Aviva takeover offer from £1.587 to £2.32 to me is based on the on one word ‘HOPE ‘ that Aviva would increase the offer . Already at the current price of £2.32 ( Ie all cash ) is better than the part cash and part share byAviva offer in my view . |
Posted at 29/11/2024 10:05 by stevensupertrader Pal. : Aviva clearly states - it is targeting and convincing investors rather than DLG Board that the offer is decent and good, so DLG won’t go up unless a firmer second offer is on the card.Now Aviva Board is pushing t its own share price up to sweeten this deal rather than DLG share price - in fact Aviva wants DLG share price to drop rather to go up, imo |
Posted at 28/11/2024 18:53 by huckers Someone has posted a new FT article on the Aviva thread. Worth a read. It hints the bid may go hostile as Aviva have started engaging Direct Lines investors directly. |
Posted at 28/11/2024 07:55 by bargainsniper Aviva told investors that the Direct line board had rejected the offer out of hand, as "substantially undervaluing" the business, adding it had "declined to engage further with Aviva". |
Posted at 27/11/2024 19:07 by huckers 250p looks fair to me. Hopefully, Aviva take the time and return with a mildly improved offer (something nearer 260p?) which is then taken to the institutional investors. |
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