Direct Line Insurance Share Discussion Threads

[linton5] 04/5/2021 12:17

Lol I’m nearly as bad as you 8.5 down hahahaha

[linton5] 04/5/2021 12:16

Not good porche your 30k down already jeez 🙄 good luck 🙈

[mo123] 04/5/2021 12:00

Also added this morning. Intrigued that RBC has put out a note today raising target to 400.

[dope007] 04/5/2021 11:44

Same here, added a few more first thing this am. As for online DLG have discussed that in previous results so would be interesting to see how they are progressing with it

[porsche1945] 04/5/2021 11:35

@griff

Well if its any help I just bought 30k’s worth at 383 on opening this morn, if they go down more after results would average down a bit, if they go up on the day they may still sink after, this is very range bound and tbh the results dont affect it that much, the growth story if there ever was to be one for it is if it can move massively to online and shutdown any bricks and mortar stuff, strip out the costs and push it all to digital, its a trading stock, load up now or lower if you get the chance sell into high 3.20’s or 3.30’s. Insurers probably ok but UK and european banks are toast, completely fxxked, will go the same way as high st retailers, low interest rate environment has destroyed them ( and savers) Fintech will wipe them out and its coming at lightening speed.

[griffmeister] 01/5/2021 09:55

Well I made the decision and topped up yesterday :-)

Not very far off 2.84, so quite happy.

GLA.

[wllmherk] 01/5/2021 08:40

My insurers have been struggling of late but, good opportunity to secure safe high yielding dividend stocks, topped up here and LGEN this week.

wllm :)

[rogerramjett] 01/5/2021 07:53

Yes. Someone did suggest 2.84 a few weeks back on here. That was spot on.

The daily RSI has entered oversold but the MACD has not yet turned positive. It may yet drop a little but its all just guess work. It seems to be purely technical but will certainly help with obtaining more shares in the buy back.

Personally I am adding in small lots to even out the bumps and accumulate. Not expecting a share price of £4 anytime soon but happy if I am receiving a divi of 7% or more on my average share price

[griffmeister] 30/4/2021 14:05

Porsche1945, that's a good call; 2.84.

TBH, I really wasn't sure what impact the buyback would have on the SP, consequently I held for the divi, rather than sell pre Ex Div, then buy back in.

Question now, is will it fall further or do I top up now? Ah, decisions, decisions.

[dope007] 30/4/2021 11:39

With trading update next week I believe I think these are a good pick up here

[97peter] 29/4/2021 17:00

What is wrong with investors, do they not see the upside? Or are MM’s driving price down to load up for big II’s to buy millions for Funds at a low price? DLG, LGEN, AV., should all be rising on the money being thrown at the FTSE 100 and 250!!!!!

[rogerrail] 29/4/2021 11:46

The good thing about such shallow business models such as DLG is that downturns are not long lasting as they can be in more complex industries. If DLG misjudge premiums in any year they can simply adjust them the next. If marketing strategy is wrong they can change it quickly, losses due to special circumstances can be quickly fixed so they dont occur again, easy money.

[linton5] 29/4/2021 09:00

Totally agree roger spot on so obvious been thinking that for days now hence confident it wasn’t going up

[rogerramjett] 29/4/2021 08:41

When buy backs are complete the share price should adjust accordingly

[rogerramjett] 29/4/2021 08:41

I would suggest DLG have given the buy back to a firm which sets an algorithm to drive the share price down whilst they accumulate shares at the lowest possible average.

Now paying greater than 7.5% dividend and approaching oversold. Will be adding today/tomorrow also.

[dope007] 29/4/2021 08:33

Added a few more again

[linton5] 28/4/2021 10:02

Told you it would go under that pre divi spike 🐰

[dope007] 23/4/2021 12:27

Added this morning again

[porsche1945] 21/4/2021 15:42

This will go down to about 2.84 over next six weeks which is where to buy it, set the auto sell at about 3.22

[dope007] 20/4/2021 16:50

Another drop tomorrow and I'll add to the ones I got at 305p

[wolansm] 14/4/2021 14:01

Perhaps this is the 2021 bottom ? That would be nice wouldn't it