DanDaDan
12 Mar 2015
CEO 7m Sale Did he judge it right. Selling before the Divi .The next few weeks will tell the story.Be careful for the next Month IMO.GLA.
DanDaDan
10 Mar 2015
CEO Sells over 7m and the price stays relatively strong.It looks like the market knows something.Waiting for a few more of those dips.GLA.
II Editor
10 Mar 2015
NEW ARTICLE: Stockwatch: This high-yielding share is special "Is a soaring share price rational for FTSE 100-listed insurer LSE
LGirect Line Insurance Group, or another example of markets becoming exuberant once again? After Direct Line floated at 175p in October 2012, it bumped along in a 200p to 250p ..."[link]
DanDaDan
10 Mar 2015
12p ex dividend on Thurs Then the sp drops.Can't be bad.IMO buy on the dips.GLA
DanDaDan
09 Mar 2015
Ex Div 12 March Ex div on the 12th March and paying around 3.75%.That looks good to me.Those special dividends keep happening.GLA
swisspaul
04 Mar 2015
Re: HL Update Hmmm - where is the growth going to come from. Organically it would result in a price war. Acquisition may mean a dilution. They said they would do all the IPO stuff by 2014, so where next?Is it time to exit this and move on?
Kingel
03 Mar 2015
HL Update Full year results saw the insurance company declare a 12.2% increase in statutory profit before tax for continuing operations to £456.8 million (2013: £407.3 million). The Group pointed to good progress being made in advancing its five strategic priorities: distribution; pricing; claims; costs; and Commercial and International, with management during the year announcing a binding agreement for the sale of its International division.Financial Highlights:•Gross written premium from ongoing operations fell 3.8% year-over-year.•Combined operating ratio from ongoing operations of 95.0% for 2014, an improvement of 0.2 percentage points on 2013 (95.2%). 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.•Total Group statutory profit before tax for continuing operations rose 12.2% to £456.8 million (2013: £407.3 million). Operating profit from ongoing operations of £506.0 million for 2014 (2013: £509.9 million).•4.8% increase in final dividend per share to 8.8 pence per share and second special interim dividend of 4.0 pence per share. Total dividends for 2014 of 27.2 pence per share (2013: 20.6 pence per share).Chief Executive commented:"At the time of our IPO in 2012 we announced four targets for 2014, and I am delighted to report that we have met or exceeded all of them. After paying the regular and special dividends for 2014, we will also have returned a total of £836 million to shareholders since we began life as a public company.We also announced a binding agreement for the sale of our International business for total cash sale proceeds of€550 million (£430 million), as we reaffirmed our strategic focus on the UK market. This is a good result for all our stakeholders, including providing excellent value for shareholders.Underlying this performance is the successful delivery of many initiatives to improve the competitiveness of our business and to improve the propositions and experience we offer our customers. We will continue to invest in our brands, our technology and our people with the mission to make insurance much easier and better value for our customers."Outlook:Management highlighted that the UK motor and home markets remain highly competitive with recent market conditions characterised by periods of market price deflation and of stability. Early 2015 has seen some additional, potentially seasonal, market pressure in motor and broad stability in the home market.For 2015, the Group expects 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 range reflects uncertainty surrounding claims inflation versus market pricing in Motor.[link]
Rhigos
26 Feb 2015
Rolling yield 1 year 9.2% Looking at fundamentals of DLG today I noticed according to what dividends have been announced the rolling yield is 9.2%. Projected yield graph shows it shooting up. Projected yield is 8.34%. Current dividend cover is 2.4 times. This along with PE of 11.1 rolling PE 14. I think this makes DLG a weak or strong buy IMO. Incidentally rolling based on:Rolling 1This is a figure that includes some of the historical results and some of the projected (forecast) results for the following year. At the start of the financial year it is made up entirely of the historical figure; as the year progresses it includes more of the forecast figure.It 'rolls' between historical and projected.
wangbaudan
19 Feb 2015
Re: Right Direction Exactly my feelings, Rhigos, though you missed out the forthcoming horror elections in this country and the fact that there is more uncertainty than usual. How about a Milipede-Sturgeon coalition? That is why I have sold quite a lot of my holdings - though not as yet DLG, Also agree re "guilts or cash deposits" - I feel really terrible about it. I know it's just a typo but really like it.
Rhigos
18 Feb 2015
Re: Right Direction New all-time closing high today. Aviva also at a new high. FTSE 100 still 0.5% off all-time. Amazing when you consider all the problems at the moment, Greece crisis, Ukrainian problem and sanctions on Russia, slowing growth in China, collapse of oil price, housing bubble in China, deflation threat in various countries. I suppose it is down to QE and search for returns not given by guilts or cash deposits.
highsnlows
18 Dec 2014
Right Direction Creeping its way up to the 300p point again.HnL
