Direct Line Insurance Share Discussion Threads

[porsche1945] 21/11/2019 08:26

Pity about buy backs, total waste of time usually and always executed at the wrong moment. Better to return via special dividends.

[essentialinvestor] 21/11/2019 08:08

Well I got the 7% right! - congrats to those who bought.
Not buying in to excitement so will hold off.

[lord gnome] 20/11/2019 22:05

Bah! There goes my special divvy.

[speedsgh] 20/11/2019 22:02

On return of surplus capital via special dividends and share buybacks..."The Group reiterates its capital management policy and solvency risk appetite range of between 140% and 180% of solvency capital requirements. In normal circumstances we would not expect to need to hold in excess of 160%. In the event the Group holds surplus capital the Board will consider both special dividends and share buybacks.At the Group's current valuation, where the regular dividend yield is materially higher than market comparators, the Board's preference is to return any surplus capital, after ordinary dividends, by way of a buyback programme."

[sufc555] 20/11/2019 20:53

They have already confirmed the results were delayed to coincide with the investor day tomorrow in Doncaster

[plz1cc1now] 20/11/2019 20:50

Yeah the delay puzzles me now

Because they were waiting on some figures?

[jrphoenixw2] 20/11/2019 20:30

All sounds cautiously rosey in a post-close sum-up at Morningstar. Not a hint as to why their update was delayed 2 weeks...

[fllegend] 20/11/2019 18:17

The flip side to the disruption note is that they're implementing an automation programme that sounds like it will reduce headcount significantly:

The Group expects to incur restructuring and other one-off costs totalling approximately £60 million across the years ending 31 December 2019 and 2020. We will take further steps to reduce costs when we believe the payback on implementation is compelling.

[essentialinvestor] 20/11/2019 18:08

The only slight negative is highlighting increasing disruption
in their markets. However, with expectations of something potentially
nasty, there may be nice medium term upside?.
Will have a few tomorrow, depending on price.

[fllegend] 20/11/2019 18:01

Similar trends to H1 2019 results when share price was circa 360p. Would expect some recovery over the next few months on these. Of course there is still a risk margin priced in over the outcome of the FCA pricing probe.

[cwa1] 20/11/2019 17:58

Looks better than I expected on a first, quick, glance. Not as bad as I had feared at all, so happy with that. Let's see what the market makes of it.

[meek] 20/11/2019 17:38

I would expect a rise in share price after these results, not because they are great but just because there aren't any nasty surprises and also they seem pretty positive about the future. I think most in the market expected bad news after the delay in the results. I'll sleep easy tonight, onwards and upwards.

[plz1cc1now] 20/11/2019 17:31

Not great not too bad
Probably see flat close tomorrow?

[smithp1] 20/11/2019 17:31

Can’t see any negative shocks but I ain’t that smart at interpreting company news.

[lord gnome] 20/11/2019 17:29

Humdrum indeed and certainly none of the lurking demons that some on here feared. Hopefully this will be seen as reassurance and the bottom will be in for this cycle. Someone please ring the bell and let the market know.

[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