Direct Line Insurance Share Discussion Threads

[jubberjim] 11/11/2024 16:09

I wasn't too impressed when they declined to offer me the option to insure my holiday home which had been insured by themselves since 2011.

I went to Aviva so is no surprise to me hence my comments earlier smoke and mirrors.

They have only disclosed the fall off in Car Insurance how much will the short sighted decisions as regards ordinary punters such as myself come back to haunt them now.
Have got very small position here and it will remain so. Will not be looking to add anytime soon.

All eyes now on Aviva on Thursday and if that disappoints get ready for the maelstrom.

[diku] 11/11/2024 13:09

It seems UK shares are a churning machine...not sure buy and hold to infinity has any credibility...

[nellynell] 11/11/2024 12:33

500 job cuts that's almost 5% of the total workforce.

[fenners66] 11/11/2024 12:02

What % does 550 job losses represent ?

[jubberjim] 11/11/2024 09:12

As regards skeletons

No meat on the bones either unfortunately.

[bargainsniper] 11/11/2024 08:36

Inforce policies fell 21% in past year

[nellynell] 11/11/2024 08:19

Green Flag recently signed two new contracts, including a collaboration with Apple, becoming the only UK breakdown brand to offer rescue services as part of Apple's roadside assistance via satellite.

[carpingtris] 11/11/2024 08:09

Least there wasn't anymore skeletons to read about :)

[jubberjim] 11/11/2024 07:21

Smoke and Mirrors.

Small comfort very little joy for me .

As a previous poster opined will wait for the meat hopefully in full year results.

Will continue to hold for time being but no hurry to add while the present market continues to run away from itself.

Good luck everyone

[wba1] 10/11/2024 19:51

Yes, I can understand the frustration of long term holders from the 300p days and I do think those are unlikely to return. 250p would be a fair take out price. But it was the traders that seemed most put out. As you say, good luck to us all. I will be interested in the trading update but, to be honest, it is unlikely to tell us much. To really get a feel for the performance trajectory we will need the detail in the annual results in March, especially the reserve development triangles as this will be the best indicator of the recovery (or otherwise) in reserves and will also shed light on the balance between current rating strength and prior year effects.

[jezza123] 10/11/2024 19:29

Again don't disagree - but you forget that of the two 'scenarios' you suggest, the second 'take out' may be at a price that means most people here remain seriously underwater.

Good luck mate.

[wba1] 10/11/2024 18:09

I had a week off and came back to be amazed by some of the rubbish posted. DLG has been appallingly mismanaged in the past and how well the turnaround is being managed is still an open question but there are only two scenarios going forward; either the new team will turn things around or DLG will be taken out (or possibly both could happen). Either scenario implies a higher value than the current market cap. This is not complicated. DLG has ancillary assets (recovery, repair shops and smaller pieces) worth (in my estimate) circa £500m. That leaves the core business worth £1.6bn, approximately the same as Bain Capital are looking to get for Esure, which is a third of DLG's size and even worse at underwriting. It is also identical to the price Sampo paid for Hastings 4 years ago. And that is without additional value for the brand

I can understand traders frothing. It must be very annoying to see a share go down when you only want to hold short term. But those of us with longer horizons (1-2 years) will be feeling comfortable and happy to add at this price. It may go down further before one of the scenarios occurs. I don't care. Just as when Ageas came in I look forward to easy money. Just a final view; I am not focused on dividends. I expect management to be conservative on dividend recovery. They need to rebuild reserve margins first. But any significant dividend increase is a bonus.

[jezza123] 10/11/2024 17:19

Nelly assume you aren't long here - and I don't disagree at all, I posted in both July and August that this was a poorly run organisation with idiot management who turned down a gift-horse takeover opportunity - and will crush the poor share holders as a consequence.

So yes, it is obvious :-)

[nellynell] 10/11/2024 15:56

Lol nostradamus loves stating the obvious then patting himself on the back for a job well done. Oh the egos :-)

[jezza123] 10/11/2024 15:33

poor old nellynell...

[ricardo montalban] 10/11/2024 14:00

Should have unloaded this junk when they had the chance, another marstons, turned down an offer of a quid now two years later they are .30p. Can see this going sub 1.40 within a few months, U.K. is doomed anyway the indexes are just terrible, capital destructive dividend traps.

[nellynell] 09/11/2024 15:15

Oh please here we go another nostradamus tell me how many times you have seen the bid premium remain on a share price when the bid had been rejected lol

[jezza123] 09/11/2024 14:40

And as I predicted all the takeover 'premium' is gone - and you poor guys think it's going to recover when idiots are in charge.

I am so sorry.

[nellynell] 09/11/2024 13:01

We have sold off the commercial business so I don't see the dividend returning to the previous levels unless of course we have some major growth. With the way things are i think a total dividend of 12p per year seems more realistic

[city1911] 09/11/2024 11:25

The Direct Line motor brand is due to go on a PCW within 3-4 weeks I believe

[laurence llewelyn binliner] 09/11/2024 11:08

Debt, profit, dividends and growth potential drive the SP, I am hopeful that as the CSR hits target and we are safely insulated from shocks the payout will gradually improve, it has a long way to go to get back towards the 20 pence we used to get, 6 pence is not going to attract any buyers but some evidence of a turnaround will..

Looking forward to Monday.. :o)

[pete160] 09/11/2024 10:14

And guaranteed that if someone did come knocking with a bid, there would be fantasists online who would be adamant that dlg is worth at least 300p

[laurence llewelyn binliner] 09/11/2024 08:42

#Carpingtris, perhaps Ageas will come back for another sniff..? but there are others out there, it is cheap now and we have set in motion the corrective measures.. :o)