Direct Line Insurance Share Discussion Threads

[pomp circumstance] 13/6/2005 07:24

especialy as ive got a trading position as well as a significant holding!!

[james t kirk] 13/6/2005 07:11

Lets hope the mm's don't miss it - ;0)

[pomp circumstance] 13/6/2005 07:09

Nice spot, I must be getting old, i missed that one!!

[james t kirk] 11/6/2005 10:41

MOved up 3 days on the trot. Shame Shares Mag and IC, both fogot to mention results.

I would think we may get some mention in Sunday papers, which would help to boost us again next week.

[pomp circumstance] 10/6/2005 08:17

Nice start to the day!

[rivaldo] 09/6/2005 18:56

Pat Lay's small caps column for the Evening Standard has a nice plug for DLG today:


"Too much, too soon

EVERY newspaper wants a 'scoop' - being first with the news - so congratulations to The Thunderer for this week revealing that Delling Group, a provider of outsourcing services to marketing groups, will make a profit of £1.5m.

The Times story, published just 24-hours before Delling revealed its results for 2004 was 100% right, but one year too early. In fact Delling made a loss of £2.5m in 2004, a considerably better performance than had been expected by the City and its own brokers Seymour Pierce had forecast, but a long way from the profit being forecast the previous day.

The important thing is that Alan Matthews, analyst at Seymour Pierce says that Delling shares are a 'buy' at 20p. That sounds important advice given that Delling has already won £4.5m worth of contracts in the first quarter of this year and has made two small acquisitions which will add some £1m to revenue.

The company is well on target to achieve sales of £10.5m this year with pre-tax profits of £1.5m and, just for the record, Mr Matthews estimates sales will rise to £15.5m in 2006 with pre-tax profits climbing to £2.5m."

[karlmarsh] 09/6/2005 12:47

J T - unless it was delayed

[james t kirk] 09/6/2005 12:01

I'm very surprised somebody had to pay 23p, when you've been able to buy under mid price for ages. They should change their broker, but as we've started to move up I'm not complaining.

[pomp circumstance] 09/6/2005 11:44

here we go!!!

[karlmarsh] 09/6/2005 11:03

Nice to see buys going through at 23p

[zinco] 08/6/2005 12:25

You can still buy 250k online with comdirect at 20.25p (sell 37.5k@19.45)and until the slack is taken up we will need more news to move into a new trading range IMHO....i think pomp was right when he said yesterday a couple of LARGE buy trades is what is needed here to get it going.....;-))

[james t kirk] 08/6/2005 11:59

Just bought at 20.25p, so the spread isn't exactly showing the real picture!

[james t kirk] 08/6/2005 11:50

Nice to see blue, shame about the spread though, doesn't encourage you to buy

[pomp circumstance] 08/6/2005 11:08

i was, and much more of it!!

[stacks] 08/6/2005 11:03

Umm, we have blue... was not expecting that.

[pomp circumstance] 07/6/2005 19:51

Im not to keen on those charts , they shoud be showing a rise after todays results.
I think we might see a rise over the coming days, there will be people who sold on the news when no markup came along!
Any serious buys would be waiting for that to go and any pull back thats goes along with it!

[karlmarsh] 07/6/2005 19:21

Let me know if you think the header is now too long. Unfortunately, my skills do not run to scroll bars!

[zinco] 07/6/2005 15:49

wins came onto the offer at 7.44am an hour later a sell trade of 20k was reported and they have stayed there ever since,are they running a short book or will we see a large T sell later?......happy to hold.....;-))

[stacks] 07/6/2005 15:03

Not got L2 in the office, who has been on the offer all day?

[pomp circumstance] 07/6/2005 14:58

Year end December
year...sales..op.prof*..ptprof..tax...eps..Div..PER
2004A...2.2.....-2.4....-2.5....CR...-6.7..0......-
2005E..10.5......1.5.....1.45....0....2.0..0...10.0
2006E..15.5......2.5.....2.5....20....2.7..0....7.4

Source: Seymour Pierce Limited full year forecasts
* Pre goodwill amortisation


Business momentum continues

Delling has announced final results for the year to December 2004 which
showed revenues of £2.2m against our forecast of £1.8m, and pre-tax
losses before goodwill amortisation of £2.5m compared to our pre
goodwill forecast of £3.2m. This period marked the creation of the group
with the acquisition and rationalisation of four businesses which then
floated on AIM in September 2004. Our forecasts for 2005 and 2006
remain unchanged.
The group is AIM listed and UK regist ered, but its principal activities are
located in the Nordic region. These activities comprise outsourced
marketing services for major corpor ations such as Nokia, Statoil and
Compass Group Sweden.
Its services utilise digital technol ogies for the creation of marketing
materials and the automation of marketing department processes,
achieving cost savings for clients th rough economies of scale. The group
also provides turnkey design and installation services for plasma screens
in retail and public areas, and has a technology for interactive marketing
over mobile phones. The latter is in trial phase with a number of pilot
projects in conjunction with Ericsson.
The two principal revenue generati ng subsidiaries, Depicta and Depicta
Fame, were respectively included for 9 months and 3 months in 2004. In
terms of rationalising our revenue estimates for the current year, the
revenue run rate of these divisions was around £4m at the close of last
year. Early in 2005 the group announced contract wins totalling £4.5m,
won over the previous quarter and in April two small acquisitions added
around £1m of revenues. With good business momentum we therefore
maintain our current year revenue and profit estimates.
The group is likely to continue to make acquisitions of a bolt on nature. In
terms of risk assessment, these should be seen as a means principally to
add customers and as such are low risk. The group is able to pay
relatively low prices as it is the only obvious consolidator in the region at
present. Following a fundraising in January, the group reported a cash
balance of £0.8m at the end of May and is cash positive on a monthly
basis. We expect cash to be invested in growth and, for this reason, we
do not expect a dividend.
The prospective PER of 10.0x is not demanding and gives scope for a re-
rating. Remains as BUY.

[rivaldo] 07/6/2005 14:28

Seymour Pierce have reiterated their Buy rec - anyone got the revised forecasts?


"Seymour Pierce says buy...Delling"

[pomp circumstance] 07/6/2005 13:19

Trades so far

Buys:..222,836
Sells:.210,815
Mid:...120,000

[james t kirk] 07/6/2005 12:30

stacks, I'm not sure when the £3.7m of new business will be seen within the figures. The cash burn is quite high, but admin expenses are around 300k per month (minimum), so the second half should prove better.

[stacks] 07/6/2005 11:38

800k Cash figure quoted is indeed as of 31 May... the results suggest that 200k was cash as of Dec 04 (will be more with credit facilities)..

Since then they raised 1.3m which brings cash to 1.5+ and they bought a two companys for 100k... so that would leave 1.4m..

Thats from my very quick look suggets that they have bunrt another 600k since end of Dec yet they have had this massive rise in turnover?!!