swisspaul
16 Jun 2015
So should i add? On 29th May 2015, the Board announced the completion of the disposal of the Group's International division, which comprises its Italian and German operations. Gross proceeds were GBP430.9 million and, after taking into account transaction costs, are expected to result in a return of approximately GBP412.5 million to shareholders via a Special Dividend of 27.5 pence per Ordinary share.It is anticipated that as a result of the decrease in market value of the Company due to the Special Dividend, there would, without a Consolidation, be a corresponding decrease in the market price of the Existing Ordinary shares. The effect of the Consolidation will be that the Existing Ordinary shares will be replaced by New Ordinary shares so as to reduce the number of Ordinary shares in issue to reflect the amount of cash to be retuned to shareholders.The Proposals are subject to shareholder approval at a General Meeting to be held on 29th June 2015.Following such approval, the Consolidation is expected to become effective on 30th June 2015, with the New shares are expected to be credited to your account on that same date.Unless you hold your shares in a ShareBuilder account, no fractions of shares will be issued. Any resulting cash entitlements will be dealt with in accordance with our Terms & Conditions.When a company consolidates its share capital the number of shares in the Company reduces. This will impact the share price as the total value of shares will remain the same but there are fewer shares in circulation, so the price can increase significantly. You may therefore notice an increase in the share price before we are able to update your account and provide written notification of the effect on your holding.If you are uncertain if the Consolidation has become effective please check with our Call Centre before selling your shares as you will be liable for any oversell in your holding.The cash in respect of the Special Dividend is expected to be credited to your account reflected as an Income Payment on or after 24th July 2015 and so will be made in accordance with our usual Dividend Payment Procedures.Should you wish to find more information about the Consolidation, please visit the Direct Line website,www.directlinegroup.com/. So Should I add?
DanDaDan
03 Jun 2015
Good Day Today Up it goes by over 2%, Someone is buying.Will it breach £3.50?Lets see what tomorrow brings.GLA.
Kingel
07 May 2015
Re: HL Update The car insurance market is beginning to stabilise which is expected to benefit insurer Direct Line (DLGD).Peel Hunt analyst Anthony Da Costa retained his ‘buy’ recommendation and target price of 360p on the stock following first quarter results. The shares rose 0.8% to 316.5p yesterday.‘Direct Line highlighted the motor trading environment improved modestly towards the end of Q1 2015, an encouraging sign the market is starting to gradually turn and margins are stabilising,’ he said. ‘The pressure on new business home rates also seems to be easing during the quarter.’He added: ‘We have a positive view on Direct Line as we believe a) the company will benefit from a turn in the UK motor underwriting cycle; b) will see further benefits from cost savings and; c) the company has an attractive dividend policy – sustainable 7% including special dividends – supported by a strong capital base.’[link]
Kingel
06 May 2015
HL Update The insurance company's first quarter trading update saw management highlighting a "good start" to 2015. The share price rose marginally in mid-morning UK stockmarket trading. Gross written premiums for ongoing operations declined by 0.9% with stable gross written premiums for its Motor insurance business reported. In-force polices were flat in the quarter overall with a better performance in own brands versus partnerships. For its Motor portfolio, overall risk-adjusted prices increased by 3.6% compared with Q1 last year, whilst the Home division experienced modest reductions in in-force policies and gross written premium across the quarter. Rescue and other personal lines experienced strong gross written premium growth of 8.1% year over year despite a headline reduction in in-force policies since 31 March 2014.The Group's investment in digital continued with the roll out of a new quote and buy journey for its home insurance products made. As previously announced, the sale of its International division is expected to complete in the second quarter. On completion of the sale, management expects to announce a special dividend reflecting substantially all of the net proceeds of the sale, conditional on shareholder approval of a share consolidation. Read more share research from Hargreaves LansdownThe Chief Executive commented:"We continued to invest in technical and digital capabilities to improve our customer propositions and satisfaction, whilst maintaining our focus on efficiency. This progress in the first quarter gives us confidence that we are well positioned to meet our 2015 financial objectives."Outlook:The board reiterated its expectation to achieve a combined operating ratio in the range of 94% to 96% for ongoing operations after normalising for claims from major weather events. The Combined operating ratio expresses costs and claims expenses as a proportion of premium income, and is a key measure of underwriting profitability. A reading below 100 equates to a profit.[link]
DanDaDan
01 May 2015
First Quarter Sounds like claims losses were higher than expected.So they will use a special divi to ease that Q1 results pain.IMO this sp should be about £3.00/ £3.10Lets see what happens in the next few weeks. GLA
DanDaDan
10 Apr 2015
A Long Game Prior to AGM? It looks like someone is playing a long game prior to the AGM on the 13th May.GLA
DanDaDan
06 Apr 2015
Re: Direct Line Insurance Group yielding 8.3... Great Infographics. Very Useful.It also shows that the current sp is overvalued.Did this info prompt the CEO to sell those shares.IMO be careful and wait for that divi dust to settle.GLA.
albent
05 Apr 2015
Direct Line Insurance Group yielding 8.38% Anyone interested can see an infographic on DLG LG" target="blank" rel="nofollow">[link]
DanDaDan
31 Mar 2015
More Shares Sold by CEO Sale of 24,565 ordinary shares at £3.233949 per share effected to meet an immediate tax and national insurance liability, which arose on the release of 51,060 ordinary shares awarded under the Deferred Annual Incentive Plan (DAIP). What about those 7m sold.Be wary IMO Does someone know something?No more old RBS style arrangements we hope?GLA.
DanDaDan
26 Mar 2015
Re: SP Dip Forgot to add a recent newspaper report.....This is why I am a bit wary.....:'Direct Line Chief takes £4.6 million payout: Direct Line’s Chief Executive scooped more than £4.6 million in salary and bonuses last year, landing a bumper payout under an incentive scheme put in place by the insurer’s former Owner Royal Bank of Scotland..(Remember its Former owner - RBS)GLA.
DanDaDan
26 Mar 2015
Re: SP Dip Also watch out for a mark down tomorrow (Friday) morning.It looks to me that someone is holding a line here .Be wary for now.....GLA
DanDaDan
26 Mar 2015
SP Dip Did you notice that sp dip this morning. Down to 3.16.Someone is trying to offload some stock IMO and more could be on the way.Taking the example of the CEO who Offloaded 7m.Be careful and wait for that divi dust to settle.Pay day 17th April.GLA
DanDaDan
13 Mar 2015
Re: Ex-div 12/03/15 Not certain about that Buy suggestion at the moment.The CEO has not shown much confidence in the share price.Selling those 7million+.This could dip once the divi dust settles.Wait, watch and be careful IMO.GLA.
Rhigos
12 Mar 2015
Ex-div 12/03/15 I believe on 17 Apr shareholders get a normal div of 8.8p and a special of 4p making 12.8p a share. Adding this to SP today gives a rise today in SP of 2p. Investors who want CG should buy today IMO. I am very impressed with performance of DLG since float.
wangbaudan
12 Mar 2015
Re: CEO 7m Sale Dan,Would say he that he did as he will have paid cgt at 28% on that 3% rather than income tax at 45% - depending on how good or honest an accountant he has Lots of people go in for this "divi-dodging". Agree with the need to take care during the next month or so. In fact as soon as sp recovers its dividrop I shall be selling up until the election
