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That's my concern.
Tempted to top up - any views as to whether this bottom
Am struggling to ‘read’ this share at the moment. I bought in just before it went ex div, picked up a nice divi and a reasonable profit and sold them around the mid 2.20s. They then went on to £2.40. On the majority of broker comments, it’s a buy and updates earlier this year looked positive. I’m now beginning to wonder if there is something in the background but even if, it has to be already priced in. On the back of all this, I bought in again recently at £2.16 which was just over 7500 shares - it’s not stopped dropping since! I have a similar amount of funds available to buy another tranche but I’m not sure where the bottom is here and I’m just holding back at the moment. Whatever, it’s an opportunity to average down and increase the profit when the tide turns. Good news that GLG reduced their short I hope but who knows. I’ve always done well on E Sure in the past and it is the sort of share where sentiment can change very quickly - just hope it’s positive! GLA and stay strong.
Interestingly GLG increased their short position on DLG marginally, also yesterday, why?
I see GLG reduced their position yesterday from 0.57 to 0.46. Last time they did a similar reduction was 13/2 and still the share price dropped. I have purchased a third tranche as we do look oversold.
Why then is SP down?
Bought a few more on Friday afternoon. Have to say I did not expect these to collapse so fast - they were 216p less than 2 weeks ago. They are now down 33% over the past 12 months against a rise of 17% in the All-Share Index in the same period.
Cause for concern?
Sorry, meant to remove first line
Have a larg holding here and thinking about
Bought at 2.34 and 2.18. Waiting for Dlg half year on 1st August for direction. See GLG shorting both Dlg and Esur.
Heading for 2 year low, with no hard evidence to suggest why the sp is doing do poorly. This looks like another SAGA (which I also hold). May buy some more soon.
Barclays Capital downgraded DLG and it's had a knock on effect with other insurers
http://www.proactiveinvestors.co.uk/companies/market_reports/200229/ftse-100-closes-in-positive-territory-but-is-down-on-week-as-trade-tensions-continue-to-blight-markets-200229.html
Softer earnings in the sector will alter the profitability of eSure who've been expanding aggressively. Possible dividend cut but long term outlook should firm up price. Direct Line might be an entry point as well for me.
would have to wonder why...
May be due to Barclays revised target price of 220p (cf 264p)
pure share price manipulation!
wouldnt surprise me to see a third party bid on the table soon. they obviously want it for a song
I’ve also bought an investment here. As currently recommended by fat prophets who have an excellent record. Looking for that juicy yield with strong chance of growth. Longer term holder.
Well not much else to do today.Might as well buy another chunk of these babies.Good divi,maybe even a special divi,or even better a TO offer.
All the best to all riskers.
No brainer at this price! And a good divi!
Bought my first small tranche today at 216p as these have been on my watchlist for a while, and they are being treated in the same way as SAGA, ie the market doesn't want to know, yet both companies are highly profitable. These may well fall below 200p which is my next buying target ftm. But at this level they look like decent value, regardless.
Still in the doldrums - no apparent reason for the drop. A case of sit and wait until we have some further updates. I guess this is a safe but boring share. SAFE is a good buy.
Griffiths - another playing with insurance shares - just like Saga
Anyone noticed any adverse comments about Esure that may help to explain the drop?
Yes jl5006,going the right way indeed long may it last.I topped up this morning ,nice move since.Bought in a few weeks ago,good rise since. These have good divi and could be a take over target.News is E Sure founder is trying to offload his lot .The amount of shares he owns and wants to sell would trigger take over move.E Sure will fly over 3 quid a pop if he finds a buyer. Nice divi return while we wait for a bid or hold long term for income.Share price history, results,divi yield,special divis and a strong maybe bid have drawn me to E Sure. All the Georgey to all in here.Let,s hope E Sure turns out indeed to be an A star sure thing .
Going the right way. Not a lot of adverse comment.
This share will not be radical mover - but if it does not lose value- then given its generous divi it is seemingly a safe and sensible hold.