Direct Line Insurance Share Discussion Threads

[the bull] 11/7/2005 15:06

phits, yes FLG was also recommended but I did not take it up, I am down on Mercator also. Maybe I'll dump them if this one does not perform, I am also able to pick my own dogs

[ph1ts] 10/7/2005 10:07

I had some success, but when they get it wrong they do it with style. The deciding factor that stopped me even taking their calls was FLG, recommended to me as a buy 12 months ago at 13p now at .25p! Fortunately I didn't buy any at the time and I managed to make a quick 100% when it had its swan song a month ago! Like you UK, I lost plenty on NWD, but averaged down last week and made back most of my losses over the last couple of days. All in all, too many losses to be considered useful. I am quite capable of finding my own dogs!!

[uk013645] 10/7/2005 08:48

Lost on all CE advice so far NWD, Mercator fold, Plus Market, etc, Not very happy with them so far

[the bull] 10/7/2005 08:27

blueforce, yes bought through CE. Not sure about them yet, got me into Northern Petroleom which gave me a 50% return in 4 months but im down on Telephone maintenance with them. I only have small portolio with them just testing them out.

[james t kirk] 09/7/2005 16:21

Hi Glasshalfull, good portfolio there held most myself at some stage. BDI I used to like and bought at 60p days before it made it's move to 90p when I sold as I thought that fair value. I can see more progress but slower tahn the likes of PGB and DLG which are very under valued.

CLM I've dabbled with before but will look at again and PTS and SVR.

All the best..

[glasshalfull] 09/7/2005 14:52

JTK - Yes, think a few of the original investors are reducing their holdings.
Quite pleased in that it's helped me acquire a large chunk between 18p - 22p over the last few months.

I had 20 companies in my portfolio but have slashed this to 12 during the last 3 weeks.
This has allowed me to top up existing investments fairly significantly. Without going into a ramping mode thought you might find the following list beneficial as companies to research, seeing as we seem to invest in similar types:-

As above, Delling has been a major beneficiary of top ups, as well as Bond International (BDI); Patsystems (PTS); Servicepower (SVR); Claims People (CLM) and finally Pilat Media Global, as you are no doubt aware !!!

All have issued positive trading statements &/or concluded contract wins recently.

Like your portfolio, nothing as yet has taken off.

I'll give AP. a look.


Regards

Glasshalfull

[ph1ts] 09/7/2005 14:47

I know the feeling only too well JT.

[james t kirk] 09/7/2005 09:55

Thanks for that Glasshalfull. I can only presume there is still some selling pressure from somewhere as the figures are crazy. It seems to go with everything I hold, PGB and AP.

I'm sure I have shares with great value, shame the value of my portfolio doesn't reflect it!

[glasshalfull] 09/7/2005 09:40

JTK - Agree, a core long term holding for me now.



I had a half year portfolio "spring clean" and have been adding at the current price over the last few days.

Delling's current Market Cap is £12.93M at 19.25p.

IMO their acquisition strategy is excellent in that they are acquiring a large customer base for next to nothing, with all the synergies and cross selling opportunities this provides AND these acquisitions are all profitable !!!!!!

With such a prestigious client list, blue chip companies as partners and a number of contract wins this year then this is surely the level to buying into the company.
Patience is definitely required, but isn't that the case for most quality companies ?


Delling's shares dropped over 7% on the back of Thursdays terrible events but was one of the few shares that failed to recover.
Not only did this anomaly occur but remember all of their business is in Scandanavia, a market that isn't affected by terrorism (as far as I'm aware anyway), which made the mark down even more of a nonsense IMO !!!


Also, I received an email from Growth Companies & Equities Research this morning detailing their monthly view in which they reiterate their Buy stance for Delling at the current price:

------------------------------------------------------------------------------

Delling Group


On June 13th Delling announced details of a joint venture with Lucent technologies to provide iTag next-generation mobile marketing services for advertisers in Europe and the US. The agreement is set to broaden Delling's interactive offering to clients and also has the
potential to be a serious income generator for the group.

One week later, on June 20th, the marketing support services group, unveiled yet more positive news, announcing the acquisition of Full Bredde AS, a Norwegian supplier of printed marketing material,
for 300,000 pounds. The purchase sum is equivalent to around three times Full Bredde's pre-tax profit. Whilst the deal is hardly going to make a significant impact on numbers, the acquisition price looks attractive. Furthermore, Full Bredde has a strong customer base and extensive contacts with marketing departments, which will benefit the wider group.

And so to the current year. We believe that Delling is MORE THAN ABLE TO ACHIEVE our full year forecasts of 10.5 million pounds in sales and 1.5 million pounds in pre-tax profits for the year to December 2005. For 2006 we are expecting sales of 15.5 million pounds and a pre-tax profit 2.5 million pounds. That equates to current year earnings of 2.05p rising to 2.7p in 2006, equating to a 2005 PE of 10.4, falling to 8.5. This is hardly demanding, especially when we consider that even after the acquisition, Delling has net cash of 575,000 to fund further bolt-on acquisitions. The stance remains buy.


-------------------------------------------------------------------------------


I remain very bullish on Delling.



Regards

Glasshalfull

[james t kirk] 04/7/2005 15:22

This share just can't get going. Someone clearly needed the cash selling 70k at 18.75p.

Long term this is a no-brainer, if only they could get some more interest from those not already holding.

[zinco] 01/7/2005 12:36

Great find thanks....;-))

[rivaldo] 01/7/2005 12:33

Can't find anything on Whitton - presumably one of the early shareholders taking a profit?

Don't think this has been posted before:


"Delling initiated with "buy"

Thursday, June 09, 2005 6:38:55 AM ET
Dryden Financial

NEW YORK, June 9 (newratings.com) - Analysts at Dryden Financial initiate coverage of Delling Group (ticker: DLG) with a "buy" rating.

In a research note published this morning, the analysts mention that Delling is an IT-based marketing services company, currently focused in Scandinavia. Delling Group's business is set to expand in the near future, with the company's planned entry into the much bigger UK market in the near future, the analysts believe. The company has also acquired the exclusive rights to market the software from Briscan AB. The analysts expect the company to post profits in the next year."

[pomp circumstance] 30/6/2005 17:17

Missed this the other day!!

Delling Group plc

("Delling" or "the Company")

Holding in Company

Delling was advised on 24 June 2005 that Whitton Holdings Limited had disposed
of 1,500,000 ordinary shares of the Company and that it accordingly no longer
has a notifiable interest in the share capital of the Company.


This information is provided by RNS
The company news service from the London Stock Exchange

[blueforce] 30/6/2005 16:40

Bull

Have you bought much through CE? If so what do you think of them?

[the bull] 27/6/2005 13:24

i just bought 13K through CE a couple of days ago

[stacks] 23/6/2005 12:30

James T K, think this is the third time now that they have done it... Funny, because when I saw then large trades the other day, I did wonder where the stock was going, ie onto the MM's books or to another holder.

City will be doing weell to get enough trade from their client bases to shift it as they only hold it for a day or so...

[james t kirk] 22/6/2005 16:31

nick, City Equities do their research and then sell to their clients on the basis that they've done expert research and sell on at a profit.

It wouldn't surprise me if the two large broker trades yesterday were CE buying their stock to sell on at 22p.

Today's fall can then be put down to their placing with clients at 22p, which would make it hard for other mm's to sell higher.

ps They have placed a load of DLG before to clients.

[camlor2] 22/6/2005 14:52

nickdr99,can you tell much about city equities just gone on there books,offerd 13000 at 22p,dont no much about dlg thanks.

[shirishg] 22/6/2005 14:27

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[nickdr99] 22/6/2005 14:27

city equities are pushing these. can't see that there's been a placing - anybody know what this is about. CE involvemengt is not normally a good sign

[stacks] 20/6/2005 15:57

Almost certainly someone cashing in whilst the sentiment is strong.

For what ever reason that holder needs the funds for, they would have struggled to get rid of volume recently due to the already existing overhang.... also note no large trades since placing.. all the large sells have been absorbed by int houses/mms who have drip fed those shares on to retail.

Find it hard to see share price going up in the short term, but should be failry stable at low 20's

[shirishg] 20/6/2005 13:35

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[pomp circumstance] 20/6/2005 13:34

Im finding out!!

I dont think its something we need to worry about!

[zinco] 20/6/2005 13:29

Another 900k at 19p......;-(

[james t kirk] 20/6/2005 13:23

And I thought I had a big dump this morning!