Direct Line Insurance Share Discussion Threads

[porsche1945] 06/8/2021 13:35

Looking very sick, will be obliterated ex dividend, been going down five years running, check charts for those of you who can read ( doubtful ). Each high lower than last. Let them re rate to 2.55 2.80 range which is where they are going. UK inflation 5 pc, dividend 7 pc, net 2 pc a year with ZERO capital growth, everyone wants capital growth, these are just risk and unlikely takeover target, nobody wants insurers, dont quote RSA, the price paid was poor and it was taken out for the Canadian biz. Some of you are very thick tho.

[dope007] 06/8/2021 12:52

Xd date next week will be a good top up time I would expect

[bothdavis] 04/8/2021 12:39

No growth!!

Have you seen L&G results!

AVIVA at a turning point in its history.

Phoenix great dividend reinvested more than makes a good thing!

[adejuk] 04/8/2021 11:48

what's the bet that GS will short this now?

[che7win] 04/8/2021 09:30

Porsche, The dividend is twice covered by EPS.share buy backs will also help the cover.

[porsche1945] 04/8/2021 09:17

“Direct Line's dividend yield is now at the point where we need to talk about it. In this market, an 8+% prospective dividend yield should ring alarm bells rather than get your mouth watering. We'd usually want profits to be at least 1.5 times the dividend, and Direct Line is some way off at the moment. The group needs to recover to 2019's level of profitability, and then surpass it, for the dividend to become more sustainable. That's reflected in the relatively low valuation and high dividend yield and as always there are no guarantees”

[swiss paul] 04/8/2021 08:14

May have to TUPE them over

[dope007] 03/8/2021 13:04

Closed some of my spreadbets out for profit, but holding onto the ISA shares for the longer term

[xongkudu] 03/8/2021 13:03

Reasonable results but nothing to justify buying today. Looks like some people may know something and loading on pretence of results.
Interesting to see what materialises in next few days/short term.

[jubberjim] 03/8/2021 10:57

Nice little return in a very haphazard nonsensical market

Have sold out just now will await future developments
Good luck to those still holding

[fenners66] 03/8/2021 08:54

More waste of money share buybacks being announced here today and say at BP.

BP CEO suggests they can buyback 5% of their shares annually and raise the dividend by 4% !

That is not even by the % they gain from no longer having the 5% issued.

To describe buybacks as a "return to shareholders" is utter BS. Its creating a market for institutions to play their buying and selling games with, when the buybacks stop the music stops and the share price drops.

Thanks for holding the shares today, here's a buyback now F-off.

Rewarding shareholders , is giving them a dividend to remain shareholders.

[yf23_1] 03/8/2021 08:33

Why is buying a lease being written off against profits and not a capital cost to be depreciated ?

[wolansm] 03/8/2021 08:32

Blackrock De USA will be very disappointed with there 10,000k plus Pounds not Dollars divi I suppose....

[fenners66] 03/8/2021 08:10

Just shows insurance results can be whatever one (prudently) wants them to be.

Over 41% of Operating profit , is prior year reserve releases, how many other companies would like that ability to manage their positions ?

[yf23_1] 03/8/2021 08:06

Buying a lease is a one off restructuring cost ??

[dope007] 03/8/2021 07:31

Very happy with the results. No intention of selling after those

[adejuk] 03/8/2021 07:21

should see a return to previous high
glad i bought more yesterday.

[tallprawn] 03/8/2021 07:17

Well those results are a lot better than I was expecting. I wouldn't be surprised now if the share price moves up and out of the current trading range. Very good performance.