Direct Line Insurance Share Discussion Threads

[james t kirk] 07/6/2005 06:31

Morning chaps, nearly time. I do hope we get some indication of how 2005 is going, as CR says 5 months are completed already.

[pomp circumstance] 06/6/2005 21:26

this is one of my bigger holdings, Ive spoken to the top man and an analyst who knows them, they have fantastic connections (and I mean right to the top of Scandi society) and are doing great job utilising those contacts!

[cockneyrebel] 06/6/2005 21:20

If 2004 has been ahead of expectations then presumably 2005 is ahead prortionately.

the 2.2p eps forecast for this year probabably gets raised to somewhat higher putting these on a PE of well into single digits for 2005 - of which they have already completed 5 months of.

Looks very cheap to me - 2006 eps forecast could be upped from 2.9p to 3.5p if they are some way ahead. - that would put them on a 2006 PE of 6.

When you consider most marketing companies trade in the mid teen PE's or higher, and small fast growing ones like this would probably trade on a PE of 20 for this sort of growth, these could be 70p in a year's time on a forward PE of 20 and eps forecast of 3.5p.

Makes you think :-)

CR

[jedi trader] 06/6/2005 19:31

looking good for tommorow.

[pomp circumstance] 06/6/2005 17:44

funny that they put that out after hours!

Looks like they dont want any confusion and a sell off when theres a loss announced!

Good shareholder management!!

[cockneyrebel] 06/6/2005 17:35

yes, me too.

What's the forward PE if they are ahead then? :-)

CR

[rivaldo] 06/6/2005 17:26

:0))

Looking forward to tomorrow even more now. Maybe broker upgrades are on the cards - I like the sound of the loss being "somewhat lower" than forecast...

[zinco] 06/6/2005 16:37

JUST OUT....even better news......;-)))

Delling Group PLC
06 June 2005

For Release 4.20pm 6 June 2005

Delling Group plc
("Delling Group" or "the Company")

Press Article

Delling Group notes the publication of a press article today which states that
the Company is expected to announce its maiden results tomorrow and that the
Company's broker has forecast that the Company will make a pre-tax profit of
#1.5 million.

Whilst the Company is expecting to release its preliminary results tomorrow, the
Company's broker had in fact forecast a loss for the year ended 31 December 2004
and a pre-tax profit of #1.5 million for the year ended 31 December 2005.
However, the Directors state that the loss for the year ended 31 December 2004
will be somewhat lower than originally forecast by its brokers.

The Company is still expecting to release its preliminary results for the year
ended 31 December 2004 at 7.00 a.m. tomorrow.

ENDS

Contact

[james t kirk] 06/6/2005 16:37

I wonder whether the company read this BB or did they pick up on The Times mistake themselves? Anyway, sounds like tomorrows results will be better than expected.

[stacks] 06/6/2005 16:05

Still this overhang by the looks of it. Price was moved up this am due to press, but the MM's are very reluctant to take stock on. They are trying to drum up volume by offering inside the offer. Would be nicer to have the published spread a little tighter, but with so much stock held by so few, its the way the MM's normally handle it with small caps...

Lets see what tomorrow brings, expect a little pick up in SP, but if this overhang is not cleared soon, then share price will not be going anywhere as by and large we know what is coming tomorrow.

Lets hope for something with a little cherry on top to create a little more interest here!!!

[rivaldo] 06/6/2005 14:18

Yep, I hope those buying today won't be surprised by the headline figures in the results. I'm sure they won't say anything directly about meeting or exceeding forecasts, but if the outlook is as good as it seems then the next year or two look like being extremely profitable for both DLG and its shareholders...

[james t kirk] 06/6/2005 12:55

Incidentally, the small piece in the Times is misleading, in as much as it states Seymour Pierce are expecting pre tax profits of £1.5m. They are for 2005 and tomorrow is the preliminaries for 2004, which will show a loss.

We know turnover will be under £2m as the new deals announced earlier this year at £3.7m per annum were double total turnover for 2004.

The key tomorrow will be the forward looking statements. Hopefully they will say that they will meet or exceed broker forecasts (only SP). In 2006 the forecast is a profit of £2.5m, so as we stand now, we're on a forward p/e fpr 2006 of about 6. Very low by any standards.

[james t kirk] 06/6/2005 12:42

Thanks Pomp, good to here Plastiks have placed all their shares, which removes the threat of overhang.

I thought about adding Friday, but the spread put me off. I ended up adding at 21.75p today, so that will serve me right.

[cockneyrebel] 06/6/2005 10:00

Timed my buy nicely on Friday - added today.

CR

[uk013645] 06/6/2005 09:06

Part of reason for rise is RHPS last friday, always does the trick for a share on Monday morning!

[pomp circumstance] 06/6/2005 08:58

Plastiks are all sold.

Delling told me that had been safely placed!

[james t kirk] 06/6/2005 08:25

MM's have been keen to move this quickly on fairly low volume, but you can still buy close to mid price on Comdirect.

Will we see some bigger sells later from Plastiks who may use the rise to get a better price? I'd cetainly be very happy to go into tomorrow's results at this price.

[pomp circumstance] 06/6/2005 08:19

nice chart too, get past 24 and 28p is next step!!

[james t kirk] 06/6/2005 08:08

And you can only buy 25k but sell 37.5k, a big turnround on last week.

[james t kirk] 06/6/2005 08:04

From The Times today:

Delling, the marketing support services group that was floated on the AIM last October, will report maiden results tomorrow. Seymour Pierce, the house broker, is looking for pre-tax profits of £1.5 million.

If true a p/e of under 10 as we know, does make a compelling reason to buy!

[james t kirk] 06/6/2005 07:54

Well we're opening up ahead of Friday - I haven't seen this tipped anywhere, so presume it's just ahead of tomorrow's results.

[cockneyrebel] 03/6/2005 15:57

Level II - 2 x mm's gone blue, all three were red earlier - will probably only take a modest buy to move it imo

CR

[pomp circumstance] 03/6/2005 15:52

He probly means Level 3!

[james t kirk] 03/6/2005 14:56

CR - Firming up on Level II - it hasn't changed?

[rivaldo] 03/6/2005 14:45

Didn't know you were in these CR? That's a good sign.

Briscan took part in the New York SeedForum on June 1st (there was another one in Oslo):


Briscan's web site describes their invitation to the SeedForum thus:
" In competition with many other companies, Briscan was qualified to the annual SeedForum conference in Oslo this year. Only companies with a large potential growth are qualified to this conference."

Hopefully iTag will be lifting off soon.