Direct Line Insurance Share Discussion Threads

[rolo7] 24/7/2020 09:15

Just cant break 298p

[garycook] 11/7/2020 02:09

SP will be up again on Monday !!!

[lord gnome] 10/7/2020 19:07

Two steps forward and one step back again. It will give it back on Monday.

[hallucinogenix] 10/7/2020 17:25

Any idea why the big jump in share price today ?
I think i have a better understanding of quantum physics than the stock market...

[robbiekeane] 07/7/2020 12:44

DLG are making money hand over fist, taking premiums and not having to pay out for repairs for nearly three months as folk stayed at home. Dividend will be back for sure. This is a very decent safe play.

[encarter] 07/7/2020 09:28

They have plenty of cash so divi payments will be back soon I think. A nice return on any investment.

[jrphoenixw2] 25/6/2020 12:07

Having the government order then to stop divi payments doesn't help. Shame as they had potential for getting re-promoted back into the FTSE-100 for a few months.
On the bright side... what would have been paid out in divs should be accumulating on the balance sheet, plus motor claims are likely lower due to lock-down.
Thinking ahead I wonder whether the price will spike on any future rumours div payments can resume... hmm

[eaaxs06] 22/6/2020 16:40

Not the best day every, DLG really does seem to be stuck in a rut at the moment.

Good luck everyone, Sid.

[yf23_1] 11/6/2020 16:35

Porsche is just peeved that he lost money and sold then missed the bounce.
Silly boy.

[wba1] 11/6/2020 12:34

What a very odd reason to attack Direct Line. I am no great fan of their business, preferring Sabre as the quality play in retail insurance and Aviva as the recovery play in the wider insurance market - but don't invest because they have a female CEO? It sounds like Jacob Rees Mogg's less rational sibling.

Inga Beale was an excellent CEO at Lloyds and at Canopius before that (which would be big enough to get into the ftse350 if it was not private). Similar can be said of Amanda Blanc. And there are a number of very successful female CEOs in insurance in the USA, including Tricia Griffiths at Progressive, an excellent company.

[porsche1945] 10/6/2020 14:57

Female CEO performance on ftse 350 pretty dire, see itv, whitbread and Imperial, all disastrous for share price long before UK’s covid fiasco, another reason to be a seller of this.

[encarter] 03/6/2020 16:26

They historically pay a handsome dividend. Postponing it is obviously temporary.

[porsche1945] 03/6/2020 00:04

What value? It doesn’t pay a dividend and has no growth profile, another U.K. ftse 350 capital destructive load of cxxp.

[wall street trader] 27/5/2020 08:28

Market finally waking up to the value

[jrphoenixw2] 23/5/2020 12:35

The next FTSE promotion/demotion review is determined on 3-June (per my previous).
DLG had been looking hopeful for a promotion. Not any more per 20-May valuations it's the first candidate in the prom/dem zone NOT to make the valuation grade.
[insert 3w's here] .stockchallenge.co.uk/ftse.php

[mike24] 10/5/2020 09:47

DL under pressure to pass on savings of 70% on
poss windfall of £60ml

Admiral's hand back to all customers could be matched by DL
giving discounts as and when premiums are due for renewal
thus creating more loyal customers and spreading the costs of hand back,
the drop in claims will continue for many months

[encarter] 06/5/2020 16:19

No reason they can't do both.

[vinceelliott] 06/5/2020 16:14

Restoring the dividend or improving total return could be an interesting issue.
Last year we had dividend plus special dividend, this year it was proposed to have dividend plus share buyback.

With the potential of 'waves' of Covid-19, it may be that buyback is the way ahead as it can be switched on and off overnight. Might lead to the same total return, but I do not believe it benefits the small shareholder who relies on dividend.

[essentialinvestor] 06/5/2020 13:32

The main plus point is motor premiums moving forward, all be it offset to an
extent by claims inflation.

[mike24] 06/5/2020 13:05

can anyone put a figure on savings of
reduced claims,enough to push share price through 300p ?

[wall street trader] 06/5/2020 11:59

This looks like good news have added some to my portfolio for a longer term recovery

[marmar80] 06/5/2020 11:16

It seems thanks to Direct Line update the AA plc is gaining some interest after a few long flat days.

[encarter] 06/5/2020 08:37

No reason for the divi not to be reinstated on next review.