Direct Line Insurance Share Discussion Threads

[essentialinvestor] 29/3/2017 13:51

Started adding back speed. DLG tends to sell off at or near 3.40 atm.

[speedsgh] 29/3/2017 13:18

EI - Why the sale if it still looks cheap on 12month view? Was it wider market concerns?

[essentialinvestor] 29/3/2017 12:55

I sold most this morning, kept just under 20%. Still look cheap
on a 12 month view, just IMV, regardless of any rate changes.

[sufc555] 29/3/2017 10:10

Truss said that the rate she set was the only lawful option. Wells v wells set the mechanism as to how the rate should be set i.e based upon govt gilts. However we know Claimant's invest their damages in a variety of different ways including stocks/shares/isas/bonds there is a strong argument that the way the rate is set should change.

Hammond met the insurers on the 28th Feb following announcement of the new rate - minutes of that meeting have not been disclosed - Hammond will save 5bn this parliament if he changes rate to 1.5% - we shall see - however surely there will be a bounce based on the announcement of the review alone?

[essentialinvestor] 29/3/2017 09:56

suf, interesting post, however would they really make another change so soon?,
it would be farcical surely. 2018 perhaps?.

[sufc555] 29/3/2017 09:46

rumours in the legal profession are that the discount rate review is out tomorrow. A statutory reversal of wells v wells will be required in order to raise the rate. The current rate of -0.75 will cost the NHS more than 5bn - expect a statutory reversal before the summer - with the new rate set at 1% - 1.5%.

A good day to buy before the review is announced? We shall see. A rate set at 1% will mean changing the 2016 accounts and payment of a special divi imo.

[essentialinvestor] 24/3/2017 11:01

nick, due some UP days here imv, particularly if wider markets stay well behaved.

[essentialinvestor] 24/3/2017 09:07

Sold a few just under 3.40 near the open, but had been adding as mentioned.

[nicksoj] 24/3/2017 08:59

Will sterling v dollar arrive at 1.40+ this year? Plenty analysis says so.Would be v positive for DLG.Long and strong....Imho dyor

[essentialinvestor] 24/3/2017 08:08

Lovely bounce.

[essentialinvestor] 23/3/2017 09:11

Bought yesterday, hopefully a decent price, if markets are not going
hard down!.

[essentialinvestor] 22/3/2017 08:57

Added some back.

[essentialinvestor] 20/3/2017 18:14

Lovely bounce, that looked a relatively low/risk reward opportunity,
a bounce to at least 3.40 looked pretty much nailed on to me,
closed around the day's high.

[essentialinvestor] 20/3/2017 10:25

Giddy up Giddy up

[essentialinvestor] 20/3/2017 10:06

Here we go ).

Main downside risk is wider markets heading lower imv.

[garycook] 20/3/2017 09:52

EI,Correct.Will recover the dividend drop shortly and more.

[essentialinvestor] 20/3/2017 09:04

Here we go.

ADM was tipped, DLG due a bounce Gary IMV.

[garycook] 20/3/2017 09:01

Have you seen ADM ?

[essentialinvestor] 20/3/2017 08:38

Overdue an Up day imv.

[nicksoj] 17/3/2017 15:37

A shame EI. The industry press continues to cry about it. It'll probably be a 7am rns with my corn flakes. The auction will push us 10% higher. Unless DLG is acquired by then...Or the market sells off...Imho dyor

[essentialinvestor] 17/3/2017 12:33

Thanks nick, I could not give a view on actuarial tables!.

[nicksoj] 17/3/2017 12:31

At these levels I consider DLG good value. Imho. I've always understood DLG is an acquisition target. More so recently following result of Brexit.Any more news on moj revision of actuarial tables?Long DLG.All imho dyorContrarian...ftse at 7400!?!

[essentialinvestor] 17/3/2017 11:21

Nick, you still looking for 3.28 here?, if you are about, thanks.