Direct Line Insurance Share Discussion Threads

[pomp circumstance] 28/9/2005 13:13

Hey dont worry, just take off you clothes and lay in the grass and dream of Agnetha. Theres no hurry, its autumn and the fjords are looking wonderful with the reds and browns of the fallen leaves. Why rush back to the office to post some silly results while we can sit here a little longer with a bottle of snaps and a bucket of crayfish marinated in dil!!

[silverfern] 28/9/2005 13:10

GHFull : That's more than I heard this morning from The Chairman's office - they are all in a meeting and no-one else could advise me.
Golden Cross House
8 Duncannon Street
London WC2N 4JF
Tel: [phone]
Aksel Bratvedt, Chairman

[james t kirk] 28/9/2005 13:06

Not doing themselves any favours with this delay. I hope the results are better than their timekeeping.

[pomp circumstance] 28/9/2005 12:42

must be alot of i's to dot and t's to cross.

Must be a disease!! Something ending in "itis"

[glasshalfull] 28/9/2005 11:35

Hi

Pomps on the money with the delay.

I've just received an email back from the PR company:-

"The results will be going out today.
Any delay should be no cause for concern, it is nothing to do with the
numbers."


I imagine like others I was requiring some reassurance that the company wasn't about to deliver a bombshell......too much invested (with regards to the constraints of my own portfolio).


Regards
GHF

[james t kirk] 28/9/2005 10:52

Thanks PC, not sure abot someone dumping 40k hours before - hope that's not an omen.

[pomp circumstance] 28/9/2005 10:24

results will be around noon, just last minute alteration reqd, nothing to worry about!!

[james t kirk] 28/9/2005 09:29

oh OK, shame about the delay, I'm away from computer now for a few hours..

[ph1ts] 28/9/2005 09:20

I don't mean being late, I just meant not adhering to the same customs.

[james t kirk] 28/9/2005 09:09

Scandanavian's are normally extremely efficient. There transport system is miles apart from ours..

[ph1ts] 28/9/2005 08:31

Yep, I just put it down to them being foreign!!

[james t kirk] 28/9/2005 08:27

A couple of small sells seems from people probably spooked by lack of RNS

[james t kirk] 28/9/2005 07:52

Goodness knows but the bid is already higher, so hopefully that indicates today's movement.

[ph1ts] 28/9/2005 07:43

I was expecting a 7:00 RNS, I wonder what time they will announce.

[cunobelinus] 26/9/2005 14:35

GHF

It's also interesting to see the institutional interest (see JTK post above) for a company with a cap of only c £13m. My major investemnts are in the O&G sector. I only hold a small stake in dlg. But I do like the company and have recently topped up. Am thinking about buying some more before results. At the momoment I can't do better than 19.6p.

[glasshalfull] 26/9/2005 14:16

Yes CB - Keeping a watching brief, with such a large slice of my portfolio in this.
It's certainly reassuring to get this kind of buying activity prior to results with no selling (at thie time of typing) unlike the volatility that the likes of Stream (SEA) are experiencing with results on the same day.

Looking forward to the figures on Wednesday.


Regards
GHF

[cunobelinus] 26/9/2005 13:51

steady stream of buys with no sells. looks good.

[james t kirk] 26/9/2005 08:35

Two more shopping days till results. All small trades over last few days but nearly 100% buys. With so many tightly held, it won't take much to move this back to 25p and above.

Delling Group PLC
Major Shareholders

Shares in issue: 67.2m 1p Ords
Major Shareholders Amount % Holding
Bjart Dysthe 20,030,352 29.82
Geir Lolleng • 16,604,286 24.72
Credit Suisse First Boston Equities Ltd 4,480,952 6.67
Aksel Bratvedt • 3,771,429 5.61
Nordea Bank SA 3,571,428 5.32
Pershing Keen Nominees Ltd 2,314,336 3.45
HSBC Global Custody Nominee (UK) Ltd 2,284,000 3.40

Other Directors Amount % Holding
Robert Gardiner Lowe • 150,000 0.223

[cunobelinus] 23/9/2005 08:39

That's true they are involved with some big names and, provided they are delivering the goods, it provides the best shop window they could wish for to show off their services to other potential customers.

[james t kirk] 23/9/2005 07:34

We can't say their deals are just Scandanavian either, This year so far they have announced deals with Lucent, Hewlett Packard and Sony - thats three pretty big names by anybody's standards.

[glasshalfull] 23/9/2005 00:02

JTK & Cuno

I agree wholeheartedly with your summary, very similar to my own thoughts.

Lets hope the company delivers as such and that the market reacts in a positive manner.

The management team is certainly high calibre in my book and I have every faith that they are building a business which will be valued significantly higher in the near future.

Can't add much more until I read the results....will return then.


Regards
GHF

[cunobelinus] 22/9/2005 20:28

JTK.

Good summary of the fundamentals. An aim company actually making money from the start. Not many of those about.

But let's not forget the impressive management team, which is at least as important. Look at the intelligent partnerships they have entered into, the clever acquisitions they've made and their impressive client list. The whole business has been bolted together very shrewdly to provide a coherent one stop shop for companies wishing to outsource their marketing. Although this is currently a micro cap, it thinks big and there is every chance imho that it will become big. I believe this company has a good chance of becoming a mulitbagger.

[james t kirk] 22/9/2005 17:43

Being going through the news to see what risk there is and can't see much?

Last results

Turnover £2.17m
Pretax Loss £2.77m

New contracts gained 1st quarter worth £4.5m
Plus April acquisitions turnover £1m, profit 100k

Cash 800k

Admin costs were £4m, but they stated £1.4m of costs from Azzets are non recurring, plus another @600k can be put down as start up costs for Butler systems, so Admin costs should be greatly reduced.

13th June - Teaming agreement with Lucent combined with iTag: Delling Group, through its subsidiaries Depicta Ltd and Butler Systems Ltd, have the sole world-wide right to use and distribute the unique iTAG TM throughout the marketing and communications sector for which it receives a fifty per cent. share of net profits generated.

20th June – Acquisition Full Bredde £1.1m turnover, profit 110k

Broker target £1.5m profit for 2005, on turnover over £10m

We know that well over half that was in the bag in the 1st half – to be confirmed next week and hopefully we will see more contract news with results. Admin costs are much lower so we should see a 1st half profit, which will boost share price.

If the company makes £1.5m profit that is a current p/e of @8.5, extremely low for a fast growing company.

[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