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Love the way you see the good in others. PointlessPostPaul strikes again.
Porch 'can pretty much guarantee this will end up sub a quid'
No, no you can't
On the other hand, I can pretty much guarantee that the vast majority of what you spout here and on other threads ought to be added to Mary's Bu115hit ometer :-)
Porsche, i doubt this will fall much bevause insurance premiums are rising significantly everywhere - profitability returns even with poor management.
They have blown it, an offer worth 237 equiv for this pos, crazy not to bite their hand off, can pretty much guarantee this will end up sub a quid in the coming years and end up being sold to private equity for half this offer.
Hold, no change here.
Next support level is around 172p. Break through that level and 138's could be seen again.
I'm definitely not buying at the current level.
@ Taverham
Covered by the BoM
Told you they should rip their arm off to take it.£1.50 here we go.
Mary, are they your insurers for stock market losses?
If a company is at the top of its game and firing on cylinders you really want the CEO handover to be continuity, an insider who understands the culture and way of working, so that good performance continues. But you really want an outsider candidate if the company is bloated and a serial poor performer. And that is the reason why Penny James was the wrong candidate and Adam Winslow the right one.
Winslow doesn't have any friends to upset, so he can crack on with radical reforms that will upset many. When the first redundancies are announced I suspect you will see a positive market response. The tough decisions are not tough, they are obvious. They are only tough for incumbents who have established relationships they don't want to upset.
If you are patient this might well have a positive outcome.
People are talking as though the offer was a straight 237p in our hands. The reality is that the Ageas shares that we’d have got could have significantly fallen on the day of issue. If the market thought that DLG was such a toxic car crash of a business then it’s acquisition by Ageas would hardly have enhanced Ageas’s perceived profitability and a fall is exactly what would have been likely. All we were really guaranteed was the £1.20 per share cash.
I don’t know whether there are any other likely suitors but I’m prepared to hold and hope the new CEO can turn things round.
T
Was hoping for the160p to add more and will be patient.
Off to renegotiate now with Privilege, wish me luck.
If the board really believes 237p significantly undervalues the business then at 181p we should expect a huge amount of director buying now. If we don't see director buying then will really tell us what the directors think of the current share price
First tranche bought at 181p -
gla dyor etc
CEO has his job to think about. Likely to trade lower for longer DLG is a car crash
Another CEO refused to talk and he think he knows best. Another SP slide.. Like few others if they were all good, share prices would be generally lot higher.
Back to £1.80 again big sell off
Small add back sub 180p, expect it lower for the main add later, if not then content for now.
Very bullish here too.
Bullometer
At 210p ... Bull 💩
At 190p little interest
Below 170p slight buyback
At 158p Bullish
At 132.12 Big bull... sell the house
Below £1 wow .... stop investing
Will be buying back at some point on the Bullometer.
I am one of them last month 90% premium increase, no thanks, will report back if they drop it to keep me.
Agreed Mike, 383 thousand customers walked out the door last year.
A long time to turn this round.
Hello Mbk1991,
Sorry, but querying your post - where do you believe DLG has strong fundamentals, because based on results last week, it clearly hasn't! Operating Loss of £190M vs loss of £6M in 2022; ROTE -15% vs -3% in 2022.
The ONLY saving grace was the disposal at £444M - otherwise, the results would have looked and are disastrous, with most key measures going even more deeply into the red.
Even with some kitchen sinking, although not sure that's true here, turning this into something viable will undoubtedly take several years and they'll likely be painful years too.
Simply believe anyone thinking this will 'turn' into anything positive this year has those 'rose tinted glasses on'
Clearly just my opinion and in lots of respects hope that your thinking comes through, but really don't believe it will
I bought in at 170p sold at 212p and now I’m back in. I expect a dip of probably 9-10% on Monday. however over the next couple of years my PT is 300-320p. This is based on strong fundamentals and an experienced CEO who I have confidence in.
In addition with the insurance industry adjusting its price for new policies broadly i expect this lagging adjustment to benefit the remaining quarters of 2024.
In my book there worth £3.64 each Mr G.
The same as the cost each I paid for them.
I'm 6 figures in here, it's good the take over didn't go through because they're worth 300p a share