Rhigos
02 May 2018
Trading update 2-05-2018 [link] to show reasonable growth. I cannot see where CSS got 51.4% rise in full-year operating profit.From CSS
irect Line declared a special dividend for 2017 after strong performance in its motor brands, rising premiums and favourable claims helped it post a 51.4% rise in full-year operating profit. The company, whose brands include Churchill, Green Flag and Privilege, said operating profit from continuing operations was £610.9m ($853.49m) for the year ended Dec. 31, compared with £403.5m a year earlier.
Norman Barrington
02 May 2018
DL and comparison companies DLG is on my watch list for possible purchase. I generally buy shares in companies I use and/or like. My house/contents renewal price was quoted with a colossal rise even though I have never claimed in 30 years. I did a price comparison Meerkat stuff, and found LVE offered identical cover at more than 50% lower than DL so I moved (And got a stuff toy!)Then they offered me a fully comp car renewal also markedly up, (My NCB = 9years+)Went to LVE via Meerkat got a lower quote from LVE and current customer discount and another stuffed toy!No wonder DLG doesn't appear on comparison sites! If my experience is anything to go by, they will be losing customers, and no able to regain via comparison sites, so I am holding off, but watching.Sorry to be negative
II Editor
02 May 2018
NEW ARTICLE: Weather-hit Direct Line still a dividend king "LSELGirect Line has built on the strong momentum announced at the full-year figures in February during its first quarter, despite having taken a hit from the recent cold snap.Indeed, the annual weather budget has effectively now been used, ..."[link]
deepsleeves
05 Apr 2018
Re: 28.6p Divi Tomoz RhigosDLG went up about 3% in the month prior to going ex div.Deep
Rhigos
05 Apr 2018
Re: 28.6p Divi Tomoz Sadly though on a day when FTSE 100 +2.35%, DLG -9.8% so a real fall of 2.32% excluding ex-div affect.
lizardtongue
04 Apr 2018
28.6p Divi Tomoz 28.6p Divi with a 7.48% Divi impact - WowLast chance to get in!
allch
03 Apr 2018
Re: SP drift ahead of XD Bought some of these before big ex div between 377 and 379.If they perform ok will flip them otherwise just keep them
Hydrogen Economy
28 Mar 2018
SP drift ahead of XD Despite the excellent results and a total of 28.6p of final and special dividend in 3 trading days time, the SP is well below the 388p on days of results announcement. I had expected a good run-up to XD on 5th April and maybe there is time for that to happen, but not a lot!Given dividend tax treatment, the last day of the tax year may not be the best for a huge dividend payout!H2
blouson blouse
27 Feb 2018
Re: Results...... They regularly pay special dividends. But this cumulative dividend this year are yielding over 9% even at 383 which is towards the year's high for the SP.With an ongoing eps of 33p and what appears to be a sustainable dividend at this level I would expect a re-rating and for DLG to settle in a higher trading range over the coming 6 months. However don't be surprised when the sp plunges on ex dividend day (5/4), and takes a while to claw back up!! that's the problem with such a large divi- the ex divi date can spook people.As I posted some while ago, I see DLG as a relatively safe place for a solid double digit return pa of blended income and (relatively modest) capital gain . And so far it's delivering that and with re investing dividends I believe it will deliver a surprisingly good result for such a boring stock .
earnacrust
27 Feb 2018
Re: Results...... Div. 13.6 + Special Div. of 15p, Wow!Both ex. div. on 5th.AprilThat's a surprise! Have they given a special dividend in previous years?
Hydrogen Economy
09 Feb 2018
Re: Results...... Excellent update. Interesting that because it exceeded expectations they chose to announce the results headlines, a positive and transparent move. This is one of my biggest holdings, so nice to see some positives after a year of Ogden and other worries. The yield was variously forecast at between 7 and 8% which now looks secure, the surplus over solvency requirements opens the possibility of special div, but I guess they may go with buybacks, (I think most PIs prefer to see the divi payment hit the account). The prospective rise in interest rates (stoked by Carney yesterday) seem likely to be a double edged sword, but presumably will increase DLGs investment returns to offset some of the negatives. I have enough of these but will hold.H2
Hydrogen Economy
09 Feb 2018
Re: Results...... Excellent update. Interesting that because it exceeded expectations they chose to announce the results headlines, a positive and transparent move. This is one of my biggest holdings, so nice to see some positives after a year of Ogden and other worries. The yield was variously forecast at between 7 and 8% which now looks secure, the surplus over solvency requirements opens the possibility of special div, but I guess they may go with buybacks, (I think most PIs prefer to see the divi payment hit the account). The prospective rise in interest rates (stoked by Carney yesterday) seem likely to be a double edged sword, but presumably will increase DLGs investment returns to offset some of the negatives. I have enough of these but will hold.H2
Hydrogen Economy
09 Feb 2018
Re: Results...... Excellent update. Interesting that because it exceeded expectations they chose to announce the results headlines, a positive and transparent move. This is one of my biggest holdings, so nice to see some positives after a year of Ogden and other worries. The yield was variously forecast at between 7 and 8% which now looks secure, the surplus over solvency requirements opens the possibility of special div, but I guess they may go with buybacks, (I think most PIs prefer to see the divi payment hit the account). The prospective rise in interest rates (stoked by Carney yesterday) seem likely to be a double edged sword, but presumably will increase DLGs investment returns to offset some of the negatives. I have enough of these but will hold.H2
sound money
09 Feb 2018
Results...... Knock your socks off?And out performing in a correction.M
Hydrogen Economy
20 Dec 2017
A 500k GBP buy by CFO designate Penny James, quite a Maiden purchase. H2Penny James, Executive Director, bought 135,983 shares in the company on the 18th December 2017 at a price of 367.69p. The Director now holds 135,983 shares.
