Direct Line Insurance Share Discussion Threads

[city1911] 28/2/2024 10:16

I think the market is expecting no dividend and results in general to be not where they need to be to prove DLG have turned a corner just yet

[nellynell] 27/2/2024 13:07

The shorts seems to be creeping back up again do they know something we don't?

[city1911] 27/2/2024 08:26

We won't know until results day if they pay one. Personally I think we might have to wait until H1

[cwa1] 27/2/2024 08:26

LOL, I was wondering if I was going insane and thinking: what on earth has Diageo got to do with DLG :-))

[netcurtains] 27/2/2024 08:21

whoops - wrong thread - ticker different. Sorry..

[laurence llewelyn binliner] 27/2/2024 08:20

Yes they have, there is no dividend declared currently, but we hope there will be soon.. :o), then slowly the share price can begin to recover from down here..

[huckers] 27/2/2024 08:19

Yes, a mistake.

[netcurtains] 27/2/2024 08:16

Laurence:
The FT has the ex-dividend date as this THURSDAY...

Have they made a mistake?

[city1911] 27/2/2024 08:14

Nope. Dividend hasn't even been announced yet. Results around 21st March. Ex date in April then paid in May. Thats if they do one of course

[laurence llewelyn binliner] 27/2/2024 08:13

21.03.2024 for our results here, and then maybe an XD to look forward too tbc..

[netcurtains] 27/2/2024 08:11

Is it still ex-dividend on Thursday?

Thanks

[wba1] 12/2/2024 10:51

Good to see that the political points being made here at least relate to insurance. The Aviva board, which I watch but left due to the non-stop political waffle, has deteriorated into something completely irrelevant to insurance.

On the topic of DLG prospects I agree we will not see much action (barring something left field like a bid) until the results. The three things I want to hear at results time are;
1. What are DLG doing to broaden the product base, especially growing the small commercial business left after the NIG sale?
2. What is the latest trajectory for motor pricing. I ask because the latest reports suggest increases may have peaked. Is that what DLG see or are further increases being implemented this quarter?
3. Are customer numbers still falling or have they stabilised?

Obviously we all want to hear the obvious like the dividend outlook and I also want the detail around prior year development, but will need the annual report for that (and CEOs never go into that in their announcements) - but it is the 3 things mentioned that seem to me to be material for 2025 and beyond. I still see 200p this year (and it should be more).

[jubberjim] 11/2/2024 17:36

Freedom for Tooting!

[luckygit] 11/2/2024 13:07

Up the revolution brother ;)

[jubberjim] 11/2/2024 09:11

We are and have been screwed by the Government (?) and the Insurance companies

The law dictates that we need car insurance so we are stuck between a rock and a hard place.

The edicts concerning green energy and the self same powers that be insisting on us all being compelled to switch from petrol were ill thought out and we are now bearing the consequences.

This policy has to be looked at again but will reduce pollution as more and more drivers will opt to stay off the road .

I don t know what the solution is but we do need some form of intervention to quell the anger that will be developing .Might need to take a leaf out of the various French unions playbooks.

[city1911] 09/2/2024 15:47

Unless DLG have already seen a bigger loss on in force policies already than they would have expected.

[city1911] 09/2/2024 15:21

Difficult to comment on individual cases. Depends who has got the rate increases right. Is DLG pricing wrong or are other insurers wrong. Time will tell. My partner works for DLG and her renewal went up nearly 100 percent as well. Without staff discount was touching £1000 and best price else where was £400. I don't think DLG will know for sure if their price increases are right until mid year

[city1911] 09/2/2024 12:22

Not necessarily a worthless announcement. Why would a CEO agree to officially take over before the annual results are due out the following month if they were poor. Surely he would wait until afterwards. Obviously speculation but you never know.

[jubberjim] 09/2/2024 11:17

Looks like we will be wandering aimlessly in the desert for the next 40 days and nights hungry for news.

The little snippet today is hardly worthy of a mention.

As you were !

[jrphoenixw2] 19/1/2024 19:08

Speeds: '‘Such buybacks are essential to help offset the earnings dilution from the disposal of the brokered commercial business.’

And to think not long ago I was watching to see if DLG was going to meet the hurdle to get back into the FTSE-100. What a complete $show.

[jubberjim] 17/1/2024 11:26

I am sticking to my initial buy in price at 157

Think interest at 162.30 but will watch now

Splinters painful but this market much more so

[speedsgh] 17/1/2024 09:22

Berenberg upgrades Direct LineBerenberg has upgraded Direct Line (DLG) but said investing in the insurer is not for the 'faint-hearted'.Analyst Thomas Bateman upgraded his recommendation from 'hold' to 'buy' and increased the target price from 170p to 195p on the Citywire Elite Companies AA-rated stock, which gained 1.3% to 171.6p on Tuesday.'Investing in Direct Line is not for the faint-hearted,' he said. 'However, we believe the current valuation presents a trading opportunity and we see catalysts throughout 2024 that could support the shares.'While there are risks, with Bateman's estimates below consensus, he said he is positive on the stock 'because even our more cautious estimates should be good enough for it to perform.''Moreover, we do not think Direct Line needs to rush its capital return, and do not forecast a dividend to be paid at the full-year 2023 results, but instead believe that share buybacks will be possible later in 2024 and in 2025,' he said.'Such buybacks are essential to help offset the earnings dilution from the disposal of the brokered commercial business.'

[laurence llewelyn binliner] 10/1/2024 20:24

The FY2023 results and hopefully a dividend RNS early/mid March is the one we all want to see, IF we get the dividend reinstated we will be well on the way towards a recovery after 2 misses now last year, perhaps a special in 2025 will come along to compensate us.. :o)

The share price is well off today, but so is/was the wider market too, but from a TA it is back on the support line from July again and in an uptrend....

[jubberjim] 10/1/2024 19:45

That was the colouring behind my thinking

I could well be wrong if so apologies to all