Direct Line Insurance Share Discussion Threads

[essentialinvestor] 20/11/2019 17:29

Quick read through and at first glance looks positive.

Not sure why that was delayed. May have missed something in the statement?.

[scrwal] 20/11/2019 17:25

Well results etc look somewhat humdrum - nothing seems to give rise to why they changed the timing of the update, seems really odd.

[value hound] 20/11/2019 17:24

"Overall, trading since the middle of the year showed signs of improvement, and highlighted some of our key strengths, particularly in motor where our claims inflation experience remains within our 3% to 5% long-term expectation."

[essentialinvestor] 20/11/2019 17:23

jrp, point well made.
Forget about this so not holding.

[jrphoenixw2] 20/11/2019 17:12

Due at 5.30pm

[jrphoenixw2] 20/11/2019 17:11

Not me, and given yr last sentence is why - I got speculating out of my system decades ago.
Even if I was due to buy a portfolio top-up in it I wouldn't have over the past 2 week, there is opacity (IMO) to the delayed update and it makes me uncomfortable. Ie they will well know the disquiet such a delay has caused, but went ahead anyway, so my gut feel is it's bad news, so perhaps just a case of how bad...

[peteret] 20/11/2019 17:10

So where is the Q3 trading update

[essentialinvestor] 19/11/2019 15:08

Anyone buying here ?.

Might have a small amount before tomorrow's close.

Could be up or down 7% in a flash Thursday. Be careful if anyone is trading this.

[meek] 19/11/2019 12:30

Nice rise today, market seems confident of good results tomorrow, hopefully market is right...

[joshuam] 18/11/2019 20:55

Update 20th

[essentialinvestor] 18/11/2019 16:48

Better idea of that post update.

[plz1cc1now] 18/11/2019 15:31

Anyone think this will recovery in December?

[joshuam] 17/11/2019 19:19

Just renewed both our car insurance policies with Churchill virtually same price as last year. Checked one on comparison website £8 dearer didn’t check other just renewed both.

[sufc555] 14/11/2019 21:13

agreed plus new brand - Darwin - will be cheap option on pcs

[fllegend] 14/11/2019 19:49

Can I just point out again as a few people are getting over excited about the not on price comparison websites angle - DLG owns Churchill and Privilege, both of which are on price comparison websites, and tend to regularly be in the cheapest top page of quotes.
There is a strategy to differentiate the Direct Line brand from the other two, and Direct Line gets the biggest marketing budget and regular updates to free add-ons.

[scrwal] 14/11/2019 12:24

I still reckon something in the results needs a level headed evaluation over a few hours - probably the gut reaction is negative but letting the details sink in you go ok I can live with that. This avoids the market going oh sh*t and hitting the price only for it to bounce back to a fairly neutral position at the close.

[yump] 14/11/2019 11:54

So assuming there isn't something nasty awaiting, is the share price going to do a capitulation bottom, or is it more likely to be a rounded one ?

I think the latter is more likely, purely because there isn't an obvious support buy point based on the long term chart. So more likely people will randomly take a view on a reasonable value and then perhaps spread buying.

Just a theory, but charts do often seem to trigger buying and selling based on quite arbitrary prices.

[sufc555] 14/11/2019 11:30

CMD is to launch their Darwin brand - Q3 has been delayed to coincide with the launch - I will let you know what happens on the day

[meek] 14/11/2019 11:29

There will be top management presenting at the Capital Markets Day on 21st, including CEO & CFO. I can't imagine them wanting to do a presentation the morning after releasing bad results, can you? If the results were bad, I would have thought they would want the dust to settle a bit before putting their heads back above the parapet. Just my thoughts.

[essentialinvestor] 14/11/2019 06:20

Would just say that a GS Sell I would ignore fwiw.

My gut call is a day or two before the announcement, might
be an interesting area as a potential buy.

[smithp1] 14/11/2019 06:06

Thanks Tom let’s hope that is all it is.

[tomleafs] 13/11/2019 21:59

Here's the explanation - I'll leave it up for discussion whether it's a good one or not.
"Thank you for your email. As we will be hosting our Capital Markets Day on 21st November we have taken the decision to combine our Q3 trading update and the Capital Markets Day announcements to simplify reporting and make everything a bit more streamlined."

[yump] 13/11/2019 21:50

Agree delayed results are a worry and after hours just doubles the worry. I hope there's a good explanation if it turns out there is nothing to worry about.

[wllmherk] 13/11/2019 19:50

I can't help but feel uneasy at recent share price action and Skinny's chart doesn't help. I have to agree with EI in so far as I can't recall results being delayed for positive reasons. I'm in these for income and it's my largest holding by a distance. I can live with the fall in share price if they can sustain the dividend, but, I know from painful experience that very high yields are normally a red flag. All I can do now is hold and wait for them to recover.

wllm