Direct Line Insurance Share Discussion Threads

[jrphoenixw2] 26/2/2020 11:30

11.10am this morning reported in the Telegraph's 'Markets Live' column: 'Sky: Direct Line plans job cuts Insurer Direct Line plans to cut 800 jobs as part of plans to streamline its operations, Sky News reports. The broadcaster says the FTSE 250 company will inform staff at a number of sites about the job losses later today. It reports: One of Direct Line's sites is understood to have been earmarked for closure in 2022, while another is to be significantly downsized, according to a person briefed on the plans. In Bromley, Kent, where the company is based, roughly 1000 employees are expected to see their jobs change to accommodate “agile working”, with a small number of roles expected to be axed. Direct Line has around 11,000 staff overall.' Full Sky article: hTTps://news.sky.com/story/direct-line-to-axe-800-jobs-as-insurers-see-digital-shift-11943556

[guy_fawkes] 25/2/2020 13:20

Latest News Shrewsbury Flooding: River Severn continues to rise as homes and businesses are flooded Read the full article via Shropshire Live at: hxxps://www.shropshirelive.com/news/2020/02/25/shrewsbury-flooding-river-severn-continues-to-rise-as-homes-and-businesses-are-flooded/ 'Threat to life' warning for Ironbridge as 40 evacuated amid fears river may reach 'unprecedented' levels hxxps://www.shropshirestar.com/news/local-hubs/telford/ironbridge/2020/02/25/threat-to-life-warning-remains-in-place-for-ironbridge-after-warning-barriers-could-be-breached/ hxxps://floodassist.co.uk/flood-warnings/flood-area-info/shropshire

[fllegend] 24/2/2020 09:42

So you think an insurance company will suddenly decide that a previously uninsurable risk is suddenly now great business? Do you know about why Flood Re was set up by the Government? It was precisely to offer coverage to the growing amount of homes that no insurer would touch with a barge pole.

[guy_fawkes] 24/2/2020 08:53

That was posted 2017. 2019-2020 is a much worse disaster for any insurance company including DLG. Heavy rain, severe flooding and high winds. Claims will be very significant impacting on profits. https://www.theguardian.com/business/2020/feb/20/storm-dennis-damage-could-cost-insurance-companies-225m Flooding and damage left in the wake of Storm Dennis, which swept across the UK on 15 and 16 February, is estimated to cost £225m in insurance claims, taking the total insurance costs from two February storms to £425m.

[fllegend] 21/2/2020 15:13

Don't expect a significant hit from recent floods on DLG as they've been gradually pricing customers in high flood risk areas out from renewal. https://www.theguardian.com/money/2017/sep/23/direct-line-home-insurance-up-assessing-flood-risk

[deadly] 21/2/2020 09:15

How will the floods affect DLG?

[denc] 21/2/2020 08:58

Divi is likely to be 22p a share total. Around 8.5% yield. Share price should rise further on the announcement that should be due next week.

[joshuam] 10/2/2020 07:31

Admiral forecasted higher profit will direct line?

[woodhawk] 29/1/2020 19:27

FWIW: RBC increase DLG target price to 405p 28 Jan Direct Line Insurance Group PLC RBC Capital Markets Outperform 339.00 385.00 405.00 Reiterates

[davebowler] 24/1/2020 10:54

That's good news!

[jksn901] 24/1/2020 10:45

Golden cross on the charts today

[garycook] 21/1/2020 07:52

21 Jan Direct Line Insurance Group PLC Peel Hunt Add 332.50 350.00 - Reiterates

[risa5] 20/1/2020 21:13

Its ok last year 5th of March.

[risa5] 20/1/2020 20:47

Any idea when final divi will be declared?

[jrphoenixw2] 19/1/2020 11:12

It'll be interesting to see how it approaches the previous longer-term top of 'Close Px 4/Jul/19 344.30p'.

[sufc555] 11/1/2020 18:20

Let’s get to 350 over the next 7 days

[top tips] 13/12/2019 10:55

Good day trading stock.

[ajr171166] 05/12/2019 07:14

Stick with it as the business may well be looking to buy back shares in the near future to push up the value and deter potential suitors

[jubberjim] 29/11/2019 20:29

Has anyone any ideas as to where we go from here Seems to be moribund as very little movement on a day to day basis Thought it should get a little higher but seems to be struggling to break upwards Is this due to the uncertainty created by these interminable investigations into insurance premiums and the like Also these latest floods across Britain are giving me pause for thought so am going to hold of for now until some clarity is forthcoming as regards impact on share price

[essentialinvestor] 25/11/2019 16:44

There is arguably a case for buy backs here. The motor insurance market may be significantly less valuable within a generation, driven by automation.

[renewed1] 25/11/2019 16:42

What a shame... trading worries cleared...ready for take off....then they F.... everything by spending OUR money on buy backs.If Deutsche Bank want to chase them up to 350p good luck to them!!

[woodhawk] 25/11/2019 12:26

FWIW 25 Nov Direct Line Insurance Group PLC Deutsche Bank Buy 301.85 335.00 350.00 Upgrades

[meek] 21/11/2019 09:03

Great jump this morning, will let the dust settle, then add more. Anything under £3 is good value for me.

[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.