|Domestic & General Group
||EPS - Basic
||Market Cap (m)
Domestic & General Share Discussion Threads
Showing 151 to 173 of 175 messages
|Is the takeover done and dusted?|
|DId anybody hear rumours that someone else wants to take them over?|
|Yes thanks Pugugly, I've done okay. I picked up a reasonable amount of DGG and ITE in the closing auction on Friday. I wish I'd had the courage to go for a lot more though.|
|Typo: You were spot on. I hope you followed your own thoughts and made a nice turn.
|Not much gets past you Typo...|
"Insurer Domestic & General dropped 12.1 per cent to £11.52 on fears that takeover talks with rival Homeserve, up 0.9 per cent at £18.88, had stalled. The two companies have been in discussions for almost a month. However, traders believe the fall was triggered by small-cap funds selling D&G shares ahead of its promotion to the FTSE 250 on Monday."
I'd say it was the effect of the FTSE 250 promotion, given the same thing happened to ITE (which the FT failed to mention)|
|Pugugly - Don't panic.
I'm fairly sure that the fall this afternoon was due to them leaving the FTSE Small Cap index and joining the FTSE250 on Monday. There are two stocks doing this - DGG and ITE. Have a look at what happened to ITE this afternoon - much the same. I think it's the effect of tracker funds adjusting their weightings. Perhaps a stock at the top of the Small Cap index has more of a tracker following than a stock at the bottom of the FTSE250.
My guess is that we will see a firm recovery next week. A buying opportunity IMO.|
|Looks as though takeover/merger taks may have broken down and "leaks" occoured. A 12% plus fall without an rns is suggestive of this. Whatever the case I beleive that the Company should issue an update of progress.|
|seems to be some negative sentiment here? Or is there a reason for drop?|
|Any body any idea of take out price.........that is if a bid succeeds?|
|Homeserve plc ("Homeserve") notes the recent press speculation. Homeserve
confirms that it has approached Domestic & General Group PLC ("D&G") with a view
to entering into discussions about a potential offer by Homeserve for D&G.
The Homeserve Board believes that a combination of Homeserve and D&G would help
accelerate Homeserve's strategy of providing total home emergency cover. It is
Homeserve's intention that in the event of a combination it would transfer
primary underwriting risk to an insurance partner, in line with Homeserve's
current business model.
The approach is at a preliminary stage and there is no certainty that an offer
for D&G or any other transaction will result.|
|looks like it may test the all time high. this rise could be a run up to their results.|
|quite high above average volume|
|Nice rise on a bad day for most shares.|
|He's a sharp one that NT, its only been rising steadily for 3 1/2 years!|
|Tipped and purchased by Robbie Burns aka Naked Trader no less.|
|Still the most boring share ever. Only goes one way!|
|Pootling along vertically upwards now.
Playing catch up pre-results (23nov)?
Or is there some news in the offing?|
|Pootling along downwards for the last couple of weeks.|
Just keeps pootling along upwards....!|
|Address list guarantees work May 31 2006
WARRANTIES specialist Domestic & General said its strong bank of customer details had helped shelter it from the effects of slower high street sales of white goods.
The group, which offers cover for household appliances, saw annual turnover climb more than 14% to £277m in the year to March 31, helping pre-tax profits to improve to £35m from £29.3m a year earlier.
Despite tough high street conditions, Domestic was able to generate additional business from its bank of 4. 4m customers' details, relating to 6m appliances.
Solid returns on its stockmarket investments, and a strong performance from its call centre operation also helped lift revenues, the Wimbledon-based firm said.
Chairman Nicholas Rochez said: "Our business model, which seeks new business from several years of customers' appliance purchase data, coupled with our ability to maintain a strong renewal book, helps insulate the group against any short term lack of consumer demand for appliances."
Chief executive John Pearmund said: "White goods sales are down, we think, about 5% for the last year but, because we are mailing people when we know they have bought their appliance or when the manufacturer's guarantee is going to run out, we have found that insulates us from short-term downturns."
Shares gained 9p at 956p.|
|Domestic & General lifts dividend
Domestic & General, the extended warranty supplier, announced solid results for last year and said it was hiking its cash return.
The group delivered a 19.5% rise in pre-tax profit to £35.0m for the year to March from £29.3m a year earlier, while revenues rose 14.5% to £277.0m. UK Warranty revenue rose 11% to £240.7m.
Referring to the recent slowdown in consumer demand, Domestic said "Our business model, which seeks new business from several years of customers' appliance purchase data, coupled with our strong renewal book, helps insulate against any short term lack of consumer demand for appliances."
"This provides solid bedrock on which we have built well over the past few years to produce a good return to our trade partners and another year of strong results for the group," added Domestic & General.
The group has proposed a final dividend of 22.75p per share, taking its total dividend for the year up 20.3% to 32.50p per share.|