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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 193.50 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 192.40 | 192.00 | 194.70 | 193.50 | 193.50 |
| Industry Sector |
|---|
| NONLIFE INSURANCE |
| Top Posts |
|---|
Posted at 26/3/2024 16:33 by jubberjim Thought you were a seasoned Investor WBABlack horse ??? Very considered response Good luck |
Posted at 25/3/2024 09:40 by jugears wba1, Typical market over reaction & investors that can't see long term that DLG will return far more to investors than being taken over! |
Posted at 22/3/2024 06:52 by speedsgh Dividend won’t solve Direct Line’s problems - Direct Line (DLG) has reinstated its dividend after swinging to a profit last year, but Hargreaves Lansdown says investor confidence won’t be restored overnight. The Citywire Elite Companies A-rated insurance group reported a swing to a £277m pre-tax profit last year after suffering a £302m loss the year before, allowing it to reinstate its dividend at 4p per share. Analyst Matt Britzman said the dividend was a ‘welcome relief to investors’. ‘Things have picked up, but there’s a long way to go before this turnaround is complete,’ he said. ‘It’s no secret that Direct Line has struggled over the past few years to deal with a challenging motor insurance market.’ However, a new chief executive and an improving market means it is back to writing profitable business and changes are underway, including a £100m cost saving plan. ‘Recent takeover news has propped up the shares, and they’ve remained at those elevated levels despite the board rejecting the offer,’ said Britzman. ‘Yes, performance is improving and guidance at least offers a glimpse of hope for better things to come. But there’s still a question about whether that’s to do with a better market in general than Direct Line’s own doing.’ The shares were unchanged at 211.7p yesterday but have gained 14% this year and 44% over the past 12 months. |
Posted at 21/3/2024 08:24 by alex1621 The dividend was a token to sweeten investors. I suspect the dividend would have been zero without the Ageas bid. No guarantee on dividends from this update. Roll on bid number three. |
Posted at 17/3/2024 11:22 by huckers Posted on the AJ Bell site.Direct Line Insurance Group PLC suitor Ageas SA has looked to win support of its own largest shareholder, China’s Fosun, in its bid to acquire the FTSE 250-listed insurer, the Sunday Times reported. Hans De Cuyper, chief executive of Brussels, Belgium-based Ageas, is flying to China over the weekend to meet Fosun representatives. Fosun owns 10% of Ageas. Sky News on Thursday reported Ageas is facing opposition from one of its own leading shareholders for the Direct Line bid. Sky reported that a top 10 investor in Ageas is canvassing the views of fellow shareholders in an attempt to halt its efforts to buy Direct Line. Ageas on Wednesday described its fresh bid approach for Direct Line as ‘compelling De Cuyper said the improved possible offer ‘delivers substantial cash proceeds to Direct Line shareholders, whilst ensuring they benefit from the material value creation that we believe the combination of the UK businesses of Ageas and Direct Line will deliver’. Direct Line said the latest proposal, received March 9, comprised 120 pence in cash and one new Ageas share for every 28.4 Direct Line share. At the closing share price on March 8, the day before the proposal was received, this implied a value of 237p per Direct Line share. The offer would value all of Direct Line around £3.07 billion. Ageas said the new offer valued each Direct Line share at 239p, as per closing share prices on Tuesday. Direct Line announces annual results on Thursday. |
Posted at 14/3/2024 17:42 by jrphoenixw2 Snuddz/#1268: I've an account that can trade across international exchanges. For me if I were to receive Ageus shares they'd go straight into that account. I'd then be able to sell them via the Belgian exchange. But I could really do without that hassle, the FX on Euro funds. The potential for EU form-filling and witholding tax on divs and so on. That's why I want an all cash offer = all done and now time to move on. I've zero interest in holding shares of a random company I hadn't even heard of until a week or two back.But your point. What if you offered BE listed shares without an account that can receive them? I suspect they'd perhaps offer a cash alt for such a situation... hmmm. It would be interetsing to know if they'd *require* that the share part of an offer be received in an account that can take them. That might really stuff a good proportion of small investors. I'll be interested to see if anyone else knows... |
Posted at 11/3/2024 17:43 by elbrus55 Aviva: did you forget the £8bn of group debt?You'd be lucky to £100m for Aviva Investors as a stand alone company. When Aviva had a life insurance company the regulator made them choose their investment manager independently of Group influence and AI got very little because performance/cost wasn't great. Any decent staff there will walk out very quickly and what else do they actually have of value? |
Posted at 11/3/2024 13:39 by wba1 I can understand those leaning to giving DLG a chance to turn around, although my view is that being a near monoline personal lines operator in a highly cyclical market makes that a leap of faith. I would certainly take 270p. I cannot understand the comments about there not being other insurers with as attractive dividend prospects. Putting to one side the questions of when and at what level DLG divis will be reintroduced, it is easy to buy Aviva at a 7% yield (and I have it as well as DLG). It is interesting to use recent DLG valuations to look at Aviva.Aviva has a current market cap of £15 billion. Looking at the different business lines; Av has circa £3bn of UKPL compared to the £3.4bn for DLG. That suggest a value of £3bn for that business line. Av has £3.2 bn of UKCL compared to circa £0.65bn for DLG NIG. That suggests a value of £3bn for that business line. Av has £4.3bn of Canadian GI GWP. Worth £4bn? Av still has international interests in China, India and Singapore worth £1.5bn? Av Investors must be worth £1bn Av Insurance Wealth and Retirement makes over £1bn pa in operating profit and nearer £2bn in operating value added. It must be worth £10bn plus. Add that lot together and you get a sum of parts of £22.5bn plus - 50% ahead of current market cap (and I am being conservative by ignoring bid premiums and the value of strong market positions in both the UK and Canada. What is the relevance to us? Firstly it demonstrates that you can invest elsewhere in the sector for a very nice yield which is strongly asset backed and in a more diversified company with a solid recent record. So there is no need to support DLG due to lack of other options. Secondly, this suggests that if Generali are looking for prey then it will not be Aviva as the price would be much too high for their firepower. That pushes Ageas up their target list and makes a deal for Ageas with DLG an even higher priority than otherwise. |
Posted at 08/3/2024 22:18 by jrphoenixw2 High for the week today 227.00p, on lower volume than recent days.Striking how 225.00p was the high on Thursday. I thought odd-lot retail investors were more likely for simplicity to use round-pence prices/limits. But these seem to be insti/algorithmic levels, hanging around a while while being challenged. Usually Insti/algo is moving/discreet so as not to 'create obvious targets'. +6.8%/week. Long way back to go for those who've held a while, but that's a nice week. Certainly after +25.1% last week too. |
Posted at 29/2/2024 16:44 by jubberjim I hope when the new person in charge takes up the post he swings the axeHow do you sit on the fact that a company has declared an interest in buying the company and sit on that fact while the share price craters If the news had been put in the public domain does one not think that the share price would not have suffered to the extent it had been doing and the company and the investors might have benefited from a higher initial offer from an interested party. Some hard questions need to be asked and those culpable should be put out to grass Smacks of gross incompetence or wilful collusion I ve made up my mind ! |
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