Direct Line Insurance Share Discussion Threads

[james t kirk] 22/9/2005 17:06

Hi GHF the 15k today was mine as I've decided to get back in now before the rush...

[glasshalfull] 22/9/2005 14:07

Hi

I also thought there may be some buying interest preceding the interims - following the multitude of positive RNS releases this year - and noted silverferns comments from yesterday.
Look at today in comparison, all buys so far and the spread is increasing to almost to the full offer.

Well, I bought a few this morning - 7th tranche - to make this my most overweight holding (well at 15% of my portfolio it's the same as BDI if I'm being entirely honest).
I should've waited for the results, no excuse really.

I've now got even more things crossed for Wednesday !!!



Regards
GHF

[james t kirk] 21/9/2005 21:33

The AGM RNS was very positive and we have the teaming agreement with Lucent that could be big. All in all I can't imagine how the interims can be poor - so why are people selling?

[silverfern] 21/9/2005 19:12

All I see is sells - 100% today. On what basis should I not sell before the results? And why are those who sell fools? All replies gratefully received

[james t kirk] 21/9/2005 11:09

Been thinking that myself..

[cunobelinus] 21/9/2005 10:56

Most of DLG business has been in Scandinavia with more recent prospects in eastern EU. That being the case, we just don't get the line of sight to it all . But my feeling is they have done very well and I'm expecting very good news from the interims. DLG is on few, if anyone's, tracking and acquisitions radar screens so will go unnoticed until the interims are published on 28 Sept, then it'll get noticed and shoot up. Me thinks tis time to top up

[rivaldo] 21/9/2005 07:55

Given that there's been no warning we can presumably assume that the results will be on track at worst....

[pomp circumstance] 21/9/2005 07:10

Delling Group, the marketing support services group, will announce its Interim
Results for the six months ended 30 June 2005 on Wednesday 28th September 2005.

[james t kirk] 19/9/2005 09:51

There's very little downside at these prices. No doubt if RAB have been selling that's why the share price is depressed but forward earnings will hopefully indicate well under 10 when interims are out and brokers update their targets.

[ph1ts] 18/9/2005 22:18

Well spotted GHF. I think anything less than excellent results would have had their blow softened. The recent large trades have all been buys, and as you say, all press has been positive. Here's hoping!!

[glasshalfull] 18/9/2005 21:35

Hi

Dellings web site has been updated with the following information:-

"Interim results for the six months ended 30 June 2005 are expected to be released during the week commencing 26 September 2005."

I have to say this is one of my largest holdings so I've my fingers (and toes) crossed !
The GCI monthly updates for the last couple of months have certainly been bullish and these followed the very positive AGM statement.
The market will want confirmation that the growth story is on track and acquisitions bedded in.


Regards
GHF

[ph1ts] 14/9/2005 10:06

Well, that's a start! :o)

[ph1ts] 14/9/2005 09:47

Not sure just what is holding this back now. We are seeing lots of 500k buys, broker states price should be higher, good results imminent. I have bought what I can, just have to wait.

[sheik yerbouti] 13/9/2005 16:16

A bit of volume today, T trade for 528k at 19p.

[pomp circumstance] 09/9/2005 10:17

Give Aksel a call, he might sound like the Swedish Chef, but very approachable and not a ramper at all!
Good things going on in the background and i dont think they will be exposed to a big marketing slowdown liek the big boys (WPP etc)

[strategy and luck] 09/9/2005 10:14

pH1TS,

Yes, there's more than one way to skin a cat...or make money on the stockmarket! It's just that having been bitten by InterX and one or two others where I blindly followed a tip yet didn't have a clue what the company did, I now prefer to understand why its products/services are needed. A screaming requirement for Delling's output isn't obvious so I'll stay away. I'm not bearish, just not particularly bullish.

I'm not in the big oil companies either. I prefer investing in comapnies involved in small exploration/production, say, up to 200M barrel fields that the big boys have walked away from.

Good Luck with your investment decisions.



Pompoustance,

Cheerio, mate!!

[ph1ts] 08/9/2005 09:22

S & L - Good luck. As your name says, you need both, strategy and luck. I wouldn't want to be in the big oil companies with all the rumours of blockades coming and emails circulating telling millions of people to boycott the two biggest. This company seems very well run and all reports say it is undervalued, what more can you want?

[pomp circumstance] 08/9/2005 09:19

Ok thanks for that. Bye!!!!!!

[strategy and luck] 08/9/2005 09:12

I don't understand what the company does!

If it's related to marketing, isn't that one of the first things to suffer in an economic slowdown? Considering that the manufacturing base has all but gone in Northern Europe, the High Street is now taking a bath, the housing bubble has peaked and the Dollar and other currencies seem to be in trouble I have decided to leave Delling alone and stick to a mainly oil and commodity based portfolio.

[rivaldo] 07/9/2005 22:03

Tole, it's so good it needed to be posted twice :o))

[tole] 07/9/2005 19:18

Both reading the same thing ;)

[tole] 07/9/2005 19:14

The Monthly Company and Market Round-Up (Part 1) from GE&CR on UK-AnaIyst.com

Delling Group

We initiated coverage of AIM listed Delling at 23.5p in April and though the shares have slipped back to 19.25p the company has actually beaten both our forecasts and also those of its house broker (Seymour Pierce) and at a trading level it continues to prosper. At present it is in a closed season ahead of interims in late September and we understand that the share price has been depressed by some small scale selling by one institutional investor (RAB Capital).

Scandinavian based and with a Scandinavian management team, Delling was established (as Depicta) in 1998 but changed its name to Delling and embarked on its current strategy of aggressive bolt-on acquisitions to complement its strong organic growth in March 2004. It listed on AIM in the Autumn of that year.

Delling is a market support services company - it provides out sourced services to the marketing department "back offices" of companies predominantly operating in Scandinavia. It is a pioneer in the application of the latest IT technology in the creation and efficient management of new and developing marketing channels. It has an impressive client list of over 300 companies including such giants as Statoil, Norsk Hydro and SAS. It has used AIM wisely, raising 2.2 million pounds and making three, largely paper funded bolt-on acquisitions.

The financials for calendar 2004 were pretty irrelevant since they largely related to stockmarket pre-history. But for what it is worth, sales of 2.2 million pounds were head of forecasts and the loss of 2.5 million was in line. What that pre-tax loss masks is that the company actually made a gross profit of 1.37 million pounds implying that it does not need that dramatic a ramp-up in sales to cover the high central overhead and take the company into profitability. All the indications are that Delling (which still has net cash of almost three quarters of a million pounds) is already delivering on that potential. The company served up an upbeat and confident AGM statement on July 15th in which it talked of winning more contracts in Scandinavia and in Eastern Europe with "respected companies." Interim results at the end of September should confirm that everything is on track to, at least, meet current market expectations.

We estimate that in the current year sales will race ahead to 10.5 million pounds which should translate into a pre-tax profit of 1.45 million pounds and earnings per share of 2p. In 2006 sales should hit 15.5 million pounds, pre-tax profits should increase to 2.5 million pounds and - despite a rising tax charge - earnings should hit 2.7p. At the current share price Delling trades on 9.6 times 2005 earnings falling to just 7 times 2006 earnings which for a growth stock with net cash is too low a rating. The company has recently restructured senior management in a way that will allow the new Executive Chairman (Aksel Bratvedt) more time to spend on communicating with the City. This is a positive move. Our stance remains "buy."

[rivaldo] 07/9/2005 19:14

The latest e-mail update from Growth Equities is just out and makes good reading:

"Delling Group

We initiated coverage of AIM listed Delling at 23.5p in April and though the shares have slipped back to 19.25p the company has actually beaten both our forecasts and also those of its house broker (Seymour Pierce) and at a trading level it continues to prosper. At present it is in a closed season ahead of interims in late September and we understand that the share price has been depressed by some small scale selling by one institutional investor (RAB Capital).

Scandinavian based and with a Scandinavian management team, Delling was established (as Depicta) in 1998 but changed its name to Delling and embarked on its current strategy of aggressive bolt-on acquisitions to complement its strong organic growth in March 2004. It listed on AIM in the Autumn of that year.

Delling is a market support services company - it provides out sourced services to the marketing department "back offices" of companies predominantly operating in Scandinavia. It is a pioneer in the application of the latest IT technology in the creation and efficient management of new and developing marketing channels. It has an impressive client list of over 300 companies including such giants as Statoil, Norsk Hydro and SAS. It has used AIM wisely, raising 2.2 million pounds and making three, largely paper funded bolt-on acquisitions.

The financials for calendar 2004 were pretty irrelevant since they largely related to stockmarket pre-history. But for what it is worth, sales of 2.2 million pounds were head of forecasts and the loss of 2.5 million was in line. What that pre-tax loss masks is that the company actually made a gross profit of 1.37 million pounds implying that it does not need that dramatic a ramp-up in sales to cover the high central overhead and take the company into profitability. All the indications are that Delling (which still has net cash of almost three quarters of a million pounds) is already delivering on that potential. The company served up an upbeat and confident AGM statement on July 15th in which it talked of winning more contracts in Scandinavia and in Eastern Europe with "respected companies." Interim results at the end of September should confirm that everything is on track to, at least, meet current market expectations.

We estimate that in the current year sales will race ahead to 10.5 million pounds which should translate into a pre-tax profit of 1.45 million pounds and earnings per share of 2p. In 2006 sales should hit 15.5 million pounds, pre-tax profits should increase to 2.5 million pounds and - despite a rising tax charge - earnings should hit 2.7p. At the current share price Delling trades on 9.6 times 2005 earnings falling to just 7 times 2006 earnings which for a growth stock with net cash is too low a rating. The company has recently restructured senior management in a way that will allow the new Executive Chairman (Aksel Bratvedt) more time to spend on communicating with the City. This is a positive move. Our stance remains "buy."