The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Https://www.theinsurer.com/news/winslow-arrives-at-dlg-amid-expectations-for-further-takeover-bids/
Incoming CEO Adam Winslow is set to formally begin his role with Direct Line Group today amid analyst speculation that Ageas may increase its offer to acquire the listed UK personal lines insurer.
They must be several. DLG is on the cusp of recovery and dividend return. The time to bid is short.
A Wincanton situation hopefully .
This company has been poorly managed for several years and on that basis doesn’t deserve to exist. I look forward to other bidders coming forward.
Not sure if this has been posted, but the trade press see this takeover as unlikely to proceed:
https://www.theinsurer.com/comment/ageas-interest-in-dlg-has-too-many-potholes/
Additionally, would you really want or be able to hold shares in a Belgian business?
Yes I’m averaging about 200p, but most buyers probably are in the red
A bid over 250p will make any buyers in under 170p delighted .
209p is neither here nor there for me not enough to sell . I’d rather have divis. So the price jump is irrelevant to me. A price jump on divi return would be more of a consideration . Unless I’m forced out of my shares even a bid of 250 isn’t that great
15.44 rns 8.3 dealing disclosure from BNP paribas indicates positive high buying .
Maybe a merry Monday .
All the georgey.
Deal could be done in the weekend ,who knows .
Currys might get you your missed winnings.
Don't be shocked if these fall back as a bid concrete bid fails to materialise.
Both these will be bought out eventually.
I am invested in both as well as Aviva,lgen and Rolls Royce.
Best of luck.
This has been a dividend stock for many years hence why the share price collapsed. Dividend comes back and people will invest again.
I think you will get a better idea if the offer from Ageas was far too low or not when DLG publish the results . That will give a better indication how far off DLG are on their way to recovery.
As I have said previously if DLG have got their pricing right then we should be close to having the dividend reinstated, if not now but at H1.
Surely the best thing to do is wait for Aegeis to come back with an improved offer.
Companies making offers know they may well have to come back to the table for a second or third time.
The premium offered I actually thought wasn't that bad, so if it can be improved upon then all the better.
I sold 20 mins before the Rns , for all those who love a gloat , just watched it sail away, we cant all be winners here, just too annoyed to buy back in whatever the outcome, feels like I was properly mugged , im sure there was a lot in the same boat fkn market is like one massive conjuring trick
Think of the shareholders who sold out between the offer and leak? (Not me).
These boards are rogue as hell. They are in breach of the take over code surely.
Many FTSE companies are keeping bids hidden, why? What's in it for them, are they being paid by short sellers and hedge funds to keep the SP down?
Lots of FTSE companies are highly likely to have received offers but have kept them hidden IMO.
ITV, SN, VOD, BT, CNA, MNG, LGEN, PHNX, AV, STAN to name just 10.
Bit of silly profit taking going on I see. That won't last long and they will soon regret it.
A chance to buy into one of largest UK motor and home insurance providers. Could Bain Capital, owners of esure return? What about Sampo who bought Hastings? I’m sure all the large European insurers will be running their rulers over DLG. It’s not often you can buy a business with this market share at such a knock down valuation.
Who will make a competing bid? lol
It was not a Bid, it was a Possible Offer.
First day in the office for the new CEO. Ageas obviously leaked the bid to turn up the pressure on the board. Think it’s a pretty shrewd buy for them at this level. I’m expecting to see competing bids in the coming days and weeks. Let the bidding war begin.
You can't keep a bid hidden for a whole month!
Was it not price sensitive information?
Of course it was.
Anyone dealing in 1% or more of the company shares has to declare by RNS by the end of the next trading day, or midday if they are the predator (I think without checking)
My understanding is that until a deal is complete no rns needs to be submitted.
Therefore if a company wishes to buy say 20million shares of a company below say £2. Then no RNS would be needed until all shares had been bought, this could take several days/weeks.
Could someone with more knowledge confirm this to be true?