Direct Line Insurance Share Discussion Threads

[dope007] 28/2/2024 13:08

It will be the rejected one and they have gone public with it

[alex1621] 28/2/2024 13:08

Yes, good news. May have to up the offer a bit to get the prize.

[bsharman3] 28/2/2024 13:06

Confused. Didn't the Bloomberg article say DLG rejected Ageas approach. Is the RNS from Ageas a new approach or the one that was rejected. Are we expecting an RNS from DLG?

[johnkidd1] 28/2/2024 12:58

Values DL @ approx 238p a share

[alex1621] 28/2/2024 12:58

2 hours later ... lol. Good news.

[alex1621] 28/2/2024 12:56

Strange how the share price gets hammered in the morning? I wonder how many through in the towel before this announcement?

[dope007] 28/2/2024 12:53

sold 20% of my holding just now. The rest can wait

[huckers] 28/2/2024 12:40

Ageas will have to do better than 233p equivalent for my shareholding. 275p and I will think about it. I am expecting these to recover organically to 250p within three years.

According to the breakdown on Simply Wall St, DLG is 94% in the hands of institutions and only 3.3% with the general public.

[wba1] 28/2/2024 12:29

Ageas are interesting. I was not sure they had the stomach or firepower for this size buy in the UK, but they have always been keen on controlling distribution - including by breaking every rule in the book with the brokers they own. They have an obvious advantage over PE outfits as a trade buyer since they can get big synergies from areas like claims. The question in my mind is whether any other trade buyer may emerge to drive the price up. I would have thought Allianz and Aviva would be unlikely due to their current market share, but it is not impossible. That does not leave many possibilities big enough to both pay the price and maximise synergy savings. Either way DLG are now firmly in play so let the fun begin.

[younasm] 28/2/2024 12:29

No RNS on company website

[laurence llewelyn binliner] 28/2/2024 12:29

AGS / 28.02.2024 - based on a Sterling to Euro exchange rate of 1.169 and the closing price of Ageas and Direct Line shares on 27 February 2024, being the last date prior to the date of this announcement, the Possible Offer has an implied value of 233 pence per Direct Line share, representing a premium of 42.8% to 163.35 pence, being the closing price per Direct Line share..

[carpingtris] 28/2/2024 12:23

Note there is now an RNS out!

[zimbtrader] 28/2/2024 12:23

Happy to accept 270! Suspect you may have a typo?

[dope007] 28/2/2024 12:12

Was looking to add an hour or so ago. Didn't and come back to see this which is nice based on the stock I do hold

[tuftymatt] 28/2/2024 12:03

Ageas according to Bloomberg. Not sure what amount though.

Good luck all 👍🏻

[pulsey] 28/2/2024 12:02

Living up to your name, there!

[nellynell] 28/2/2024 11:58

Ageas trying to take over on the cheap. 270p by the looks of it

[pander45] 28/2/2024 11:56

Something cooking.....

[tuftymatt] 28/2/2024 11:53

Wow yes what a spike that is!!

Good luck all 👍🏻

[pander45] 28/2/2024 11:53

Admiral up too......interesting.

[luckygit] 28/2/2024 11:50

I put a sell order through a few minutes ago and it was rejected. Then saw the price rocketing. Something is up. Will hold for a while longer.

[city1911] 28/2/2024 11:43

I think there has been a broker downgrade been released as well

[tuftymatt] 28/2/2024 10:51

Yeah it seems that way to me too.

Those December days of getting close to 200 seem like so long ago now!!

Good luck all 👍🏻