Direct Line Insurance Share Discussion Threads

[billy5] 12/7/2018 11:39

Anybody heard any whispers as to what divi will be announced in 1st August. Last year it was 6.8p.

That would be nice.

[sundial1] 10/7/2018 17:17

Its not positive with the down grades, Expect the opposite !

[lord gnome] 09/7/2018 21:34

Wouldn't we all?

[kulvinder] 09/7/2018 20:24

Like to think this will move up to 365-370 prior results....

[micos] 09/7/2018 16:54

Thanks, Skinny! Simples!!!

[micos] 09/7/2018 12:19

Can anyone provide a link to Investors' information on their website please? I have clicked on every possible link on their website to no avail.

[dmf] 09/7/2018 11:56

Morgan Stanley - retains overweight - target reduced 452 to 435

[useless23] 09/7/2018 07:16

Come again?

[sundial1] 08/7/2018 19:39

my insurance gone up buy £200 buy direct line i changed company,might say a lot on .

[essentialinvestor] 08/7/2018 11:41

Current concern appears to be earnings downgrades with
softer pricing reported in May/June.
Reports Aviva may be taking some further market share, and Ensure
positioning aggressively on pricing to grow their insurance book.

Longer term automation 'threats' do not appear a factor atm.

May be a nice contra sentiment opportunity opening up?.

[sufc555] 07/7/2018 11:04

Re self drive - you need to read the U.K. white paper - motor insurance is compulsory as per rta act1988, it will continue to be the drivers legal obligation to have insurance even if using a self drive vehicle. This makes sense and avoids arguments as to whether it was a manufacturing defect which caused the accident.

Further insurance will still be required if the vehicle is damaged due to fire or vandalism

This is an opportunity for dlg as self drive should eliminate almost all personal injury claims - premiums will fall profits will rise.

[topvest] 07/7/2018 07:38

Who cares what Barclays thinks to be quite honest with you - not heard of them ever being a good investor. I bought more Esure yesterday. The good thing about insurers is that they are good contra cyclical plays and do not necessarily move with the markets. A good opportunity to add more. Will be looking at Admiral and Direct Line top-up's.

[useless23] 06/7/2018 18:30

This will recover unless something has fundamentally changed which it hasn't as we'd all know about it. We're at a 3 year low and a major support level. I will buy more if it falls further.

[wllmherk] 06/7/2018 18:26

DLG is by a distance my largest holding. Bought as I assumed pretty safe so today's fall really hurts my YTD figures. Not sure a brokers note should cause such a sell-off, if that is the reason. Thought of a top up but hold enough already.

wllm :)

[essentialinvestor] 06/7/2018 14:58

Buffett has warned on the longer term threat to Geico from
increasing automation.

DLG have some diversification, however the bulk of profit
is on the motor insurance book.

Is the market just beginning
to consider this?. As it's likely to be a multi decade adoption
that may not be the case.

[jrphoenixw2] 06/7/2018 14:44

I've found* an article on proactiveinvestors[.co.uk] that contains a lot more detail, though it repeats the above^ confusion:

'Barclays cut its rating on the stock [DLG] to ‘equal weight’ from ‘underweight’ ...
Barclays downgraded Esure to ‘underweight’ from ‘equal weight’ ...'
Got to wonder if these journalists consider what they cut/paste from elsewhere...

That apart it's an interesting article, just a shame the re-ratings happened two days I bought in - sigh!
Excerpt: 'For Direct Line, Barclays expects the consensus forecast for first half EPS to be cut, putting the dividend at risk. The bank lowered its own EPS estimate for the 2018 fiscal year by 10.8% to 28.9p.
Barclays cut its rating on the stock to ‘equal weight’ from ‘underweight’ and lowered its target price to 357p from 420p.' [continues]


*Using the news aggregator/portal Newsnow[.co.uk] which I find generally very useful, what ever the news topic I'm looking for. Esp. if it's a bigger story, and I want views from multiple sources/countries.

To follow links, remove the [square brackets] around the co.uk's...

[useless23] 06/7/2018 12:49

Essentially today's drop is due to speculation about what the future holds.

[kulvinder] 06/7/2018 12:13

We was lower then the target price already - yet it falls....wish I had kept away, always doggy to buy a high yielding share in a shaky market as it is at the moment with trump and brexit.

[fenners66] 06/7/2018 12:09

You can't make it up ; but it seems Barclays Capital can !

[garycook] 06/7/2018 11:57

Barclays Capital are useless anyway,just an excuse to Short.

[dmf] 06/7/2018 11:56

Seems to be an upgrade with a lower target price ?

[jrphoenixw2] 06/7/2018 11:25

The para that precedes the above para [post 727] gives context:

' Direct Line PLC (LON:DLG) is the biggest faller on the FTSE 100 after Barclays Capital downgraded its rating on the stock to ‘equal weight’ from ‘underweight’ and lowered its target price to 357p from 420p.
“In our view, Direct Line is well positioned for the current soft market environment through its diversification and prudent underwriting approach, as well as balance sheet reserves that should allow further reserve releases,” Barclays said in a note on UK motor insurance.

p.s. not being funny but isn't underweight > equal weight an upgrade? ie isn't equal weight essentially neutral?