Direct Line Insurance Share Discussion Threads

[cockneyrebel] 03/6/2005 14:28

firming up on level II.

Director was buying at 23p recently so I would hope so James T.

CR

[james t kirk] 01/6/2005 10:10

Less than a week now till results, which should hopefully be very good. We know RAB Capital have a lump and one hedge fund is a seller (maybe them after all the issues reported about them recently).

With Plastisk also trying to shift their shares, will good news have the impact that it should do and make this rise back above 23p?

[james t kirk] 27/5/2005 16:22

Good for you, yes it won't take much.

[jimcar] 27/5/2005 16:19

It happened almost immediately after my buy at 18.85. just popped back to comdirect and the offer is now 19.88 Funny what a sub 3K deal can do

[james t kirk] 27/5/2005 16:05

I spy with my little eye, something beginning with blue!

[pomp circumstance] 27/5/2005 06:48

Probably due to the fact there are a number of different subsid companies and currenies involved!!

[silverfern] 26/5/2005 20:42

NOw why is it that my small company reports in June for yr end April and my previous MNC company reports 11 days after qtr close, yet AIM stocks or certainly this one can take 5 months 7 days to report their figures - why is that and why should they want to take that time? JUst curious

[pomp circumstance] 26/5/2005 10:48

its only 1 hedge fund!! theyve all been hit recently so have to cut some investements!!!

[jedi trader] 26/5/2005 10:46

Hmmm i would hope they stick around for better things to come, normally they take a long term view on behalf of there clients.

[pomp circumstance] 26/5/2005 10:40

Ive been told they are takingon a finance director and strengthening the London office to allow the Scandi management a little more time to promote the co to investement co's.

What worries me a little is when the resuts come out the 1 Hedge Fund they have as a share holder may use and rise to get out!!

[jedi trader] 26/5/2005 10:37

the extract below suggests to me they might well have something positive to say, this is begining to take the shape of a well structured PR event.

wouldnt be doing that unless they have something to shout about.

Briefings for analysts and press will take place at the offices of Binns & Co PR
Ltd, 9th Floor, City Point, 1 Ropemaker Street, London EC2Y 9HT.

[pomp circumstance] 26/5/2005 10:35

told you that days ago, isnt my confirmation enuf? ;)

[stacks] 26/5/2005 10:31

Results 7th of June... confirmed....

[zinco] 26/5/2005 09:58

Expect that to flip-flop on or around results day IMHO.....;-)))

[james t kirk] 26/5/2005 09:53

Out of interest you can buy 125k at 18.85p. You can sell 10k at 18p, which is up from the 3.75k limit of last couple of days.

[james t kirk] 26/5/2005 09:50

fortunatus, you've been able to buy below mid most of the way down. As Pomp said, there's two chunks being sold which has weakened the price and made a surplus, hence the ability to buy cheap.

Long term it should be a very sound investment at these prices IMO.

[fortunatus] 26/5/2005 09:43

Just been able to buy below the mid-price (probably a bad sign - MMs have plenty of shares to sell), but I note that Seymour Price on 20/5/05 predict EPS of 2.2 and 2.9 for 2005 and 2006 respectively, prospective PERs of 8.6 and 6.5, which this close to the results has to be reassuring.

[karlmarsh] 25/5/2005 23:09

-

Reports
Preliminary results 2004 (to be released at the end of May 2005)

With the news releases we have had, I can't wait. There could definitely be a nice jump once the preliminary results are out. Maybe a good time to top up before end of month/ 7th June. IMHO WTFDIK

[pomp circumstance] 25/5/2005 06:53

Its not the MMs its a hedge fund who need to liquidate some assets to cover other losses!! Believe me!!

[silverfern] 24/5/2005 22:53

there are many small cap stocks out there hurting from the market's overall bearish/cautious stance. THis company will deliver I am sure so I'll buy in again once the fall stops. We cannot all be bleeding investment gurus who get it right every time, but this looks typically wrung out to dry by market makers, who maybe are only stimulating trade to make a turn, rather than reacting to real selling pressure. Right now MMS seem to be unfriendly to ANY results, good, excellent or otherwise I might have to wait til those are out.

[zinco] 24/5/2005 09:47

OH'PLEASE....;-))

[pomp circumstance] 24/5/2005 09:28

Pomp
Share AND FOOTBALL ANALYST par excellence!

[zinco] 24/5/2005 09:19

I do prefer this pomp to the other one... thanks fella.....;-)))

[pomp circumstance] 24/5/2005 09:11

And these are the forecasts we are aiming for!!



Year.to..31.December.......2004(E)....2005(E)....2006(E)
Revenue.million.pounds......1.8.......10.5.......15.5

Operating.profit/(loss).
million.pounds.............(3.4).......1.5........2.5

Operating..margins........-.188%....+.14.2%......16.1%.

EPS...........................-........2.2p.......2.9p.

[pomp circumstance] 24/5/2005 09:07

Just rememeber this!!!!

Valuation

Our estimated earnings per share figure are based on the
development of Delling in 2005 and 2006 without any benefit from
acquisitions although acquisitions are at the heart of the Group's
strategy and may reasonably be anticipated. Consequently and to that
extent the estimated earnings per share figures presented may be
regarded as conservative. On that basis the shares at 23.5p are valued
on an estimated price to earnings ratio of 11.75 for this year and 8 for next year. As a marketing services company we compare the Delling Group rating
with WPP and Media Square(MSQ). WPP, is a much larger
company with consequentially and arguably less scope for earnings growth
compared with a small company like Delling. WPP shares sell on an
estimated market consensus price to earnings multiple of 17 for
the current year and 15.2 for next. This comparison with WPP make
Delling Group shares look significantly cheap. Media Square
a small company with a market capitalization of 55 million pounds sells on a
current estimated multiple of 23; again making Delling shares appear very lowly rated by the market.

With a market capitalization of 16 million pounds at a share price of
23.5p per share, Delling is valued at 1.5 times sales revenue estimated for
this year and just one times sales revenue estimates for 2006.

We believe that as the fundamental potential of this company reveals its self this year and next, the rating differential between Delling and comparable
companies in its sector will inevitably close in favour of Delling which is still at the early stages of take off. Delling shares for the reasons we
outline above, are significantly undervalued. The company is estimated
to become earnings positive in the current year with earnings
estimated to jump nearly a third in 2006 on the assumption of a
20% tax charge and no acquisition benefits. At 23.5p the shares are a
buy.