Anyone here? Anyone knows the reason for the continuing falls? Is there some big (bad) news that only a few know?
H1 Results` Loss of Sainsbury and Nationwide JVs. is a concern . Also as I have just started using them for my mothers insurance. I can only report customer service as “commission focussed†rather than customer service led. As a concept it works short term but needs to be changed medium term or we will find Amazon on our doorstep. Yield is great even ex specials so will continue to hold Deep
H1 Results` Numbers down on 2017 but that was largely flagged at the Q1 update, 75m weather hit in Q1 Non recurring gain on adjustment Ogden in 2017 comparative numbers Loss of Sainsbury and Nationwide JVs. The PTP and EPS at 294m and 16.7p compare with forecast FY at 518m and 29.5p indicate for both measures around 56% of these numbers achieved in H1. Not sure if weighting to H1 is a normal feature for DLG. Int Div 7p Vs 6.8p Not sure market will get excited by this but who knows. H2
Friday fall I think the answer is there in plain sight, as they say. Dividend paid, nothing much here for a while, jump ship. H1 results due Aug 1st, why take the risk? At least that is the consensus. Same pattern with MANX, for example. I could go on. However, the truth is, this is the best time to get in before the rush. And a second tranche after the results to hedge said results. Parfait.
DL and comparison companies DLG have brands that do appear on comparison sites, which should cover that base at the budget end of the market, then Direct Line brand for the high margin stuff.
Friday fall Anyone out there with thoughts on todays falling SP?
Re: Dividends Looking at 40% gain with DLG (incl divs) Somewhat better than High St cash isa....
Re: Dividends RhigosTotally agree. Just received £3500 into my ISA.Bought these just over 3 years ago and already received 30% of investment in dividends and although capital growth has not been great I am sitting on £2k unrecognised gain. Predicting 6% future yield.Deep
Re: DL and comparison companies I agree about Aviva. I was with them and paying under £250 a year for fully comp on my 200bhp sports car and year on year the increase was never more than inflation. In fact, last year my premium went down. Last month I bought a replacement that was a 6 year newer version of the same car but more powerful and the new premium, with the same terms, is still under £300.
Re: DL and comparison companies Try Aviva - they saved me a huge amount on my insurance (nearly 30%) compared to Privilege who like most ramp the premium 10% or more for customers stupid enough not to shop around. Remains to be seen what renewal quote I get next year, but again I will shop around as needed.
Dividends Lovely big dividend paid today 13.60p final and 15.00p special. That is 7.6% of yesterday's closing SP! Just worked out since I did a bed and ISA on DLG in April 2017 total return 17.8%. Worth holding for those returns IMO.
Re: DL and comparison companies I insure my car through Churchill which is owned by Direct Line Insurance Group. Thinking I too should change. One thing about Churchill is they are quicker than most to pay up on claims and do not put up premium after a modest claim even if your fault. Some insurance companies put up basic premium a huge amount even if accident was not your fault and all costs paid by another insurance company or due to theft.
Re: DL and comparison companies That is true swisspaul, and that is the very point I was making. With their best offer they would be miles down the list on a comparison site, if they dared to appear at all.
Re: DL and comparison companies I may be wrong on this but I thought that DLG did not use comparative website i.e. moneysupermarket etc
Re: DL and comparison companies having banked a 28.6p dividend in April, I am not at all negative on DLG. Quite the contrary. Sadly all the insurance companies seem to rely on the "customer laziness" excuse to hike premiums every year. I am sure LVE will do the same if you don't switch again. Its really annoying, but I guess they have to use that technique to fund the discounted offers. I get quite sick of the number of policies , utilities that have to be switched to avoid paying over the odds. The AA is the worst for that, £10 to add a family member to the policy and then literally a doubling of the premium the following year... no trust /no honourable practice these days I am afraid