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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
Quite right eccles04,
What other business do you know that takes a wad of cash, parks it in a bank account earning daily interest and only provides a service when something goes wrong. Its what makes it an ideal share for long term holders and not short term get rich merchants.
Amazing amount of ignorant and ill-inforned garbage being posted on here. It does not seem to enter some heads that insurance is unlike any other business and is known to have a rough time occasionally irrespective of management ability. That is why the Lloyds system of rich "names" exists - so that underwriters know that there is a large pile of wealth to rely upon when disaster strikes as it surely will from time to time.
Bit of nostalgia
https://youtu.be/SaHAvEEbQOE
DK27
Where do you see this haemorrhaging to in the drift?
160 / 132 or lower?
Great add and trimmer here if you can call it right ✅️
I’m still holding 5 figures here, and will be adding a couple over coming months ahead on a proper bottom.
This will be a LONGLONG play to recovery.
But there are lots of FTSE constituents that em to be struggling compared to US counterparts.
It’s sad that it’s been a common thing for our FTSE is cheap as chips compared to rest of World? Is this the governments fault or FX?
I agree! Point I made clear yesterday.
The truth hurts…that’s why divi was suspended last yr..
it’s been in decline since 2017…
Thats where we are headed I fear. Monday should be interesting, stick or twist....hmmm
Dlg is still for sale, it's just that any other interested parties now know the bottom line of their bid, if they're to be taken seriously.
Why would other parties wait for the new guy to do the work and take all the spoils?
Shut up Porsche
A company in terminal decline, will tank Monday and be back at 150 in no time. Junk even by dog index of the world ftse 350 standards.
DLG is a great opportunity for a CEO who is prepared to make the tough decisions. Winslow is taking control of a badly managed company, not a company firing on all cylinders. So I don’t see any reason why he can’t reach his cost control goals, improve margins, and lead the SP to an upward trend.
Congratulations to Ageas shareholders for your CEO finally coming to his senses and not pursuing this mess of a company. Well my punt didn’t work out but glad I excited after poor results I’m sure Monday people who bought just for the bid will be rushing to get out but gives chance for anyone who fancy this can be turned around or another bidder coming but think that’s pie in the sky good luck.
Hi all,
Not a holder of DLG and shared my thinking a little while ago ref Aegeas walking away.
Genuinely sorry that they have, but looking through below, think that some have 'rose tinted glasses on'. The SP just as the Aegeas bid was made known, was £1.56 and therefore surely the SP on Monday will open at this sort of price - if not, why not, because there is now, no 'prop'?
Equally, don't believe that the results last week or indeed commentary from the CEO will provide any prop in the short term and until he announces more fully his strategic intent in July 2024?
"Word of warning to everyone, which has come true again with this thing called DLG.
Divivdend policy was so wrong. Should have been cut in half a long time ago. Any SP thst has a divi above 6% usually ends in disaster, be it gets a nasty haircut, or the SP drops like a plane coming into land. Truth hurts, but it’s a fact."
While investors should always be careful reaching for yield, I don't think that is the issue here - much of the insurance industry are paying higher dividend yields and not having difficulties in doing so - and until last year DlG's dividend was sufficiently covered with the company having enough resources left over to cover improvements to the business.
The problem here was more to do with a series of other misjudgements of varying seriousness (2 £100m share buybacks, repaying a £250m loan both reducing the capital buffer) and a failure to price policies correctly which then left it exposed to the impact from higher inflation, asset write downs and much higher claims than usual it has endured the last couple of years.
Shambolic from Ageas. Clearly no top up forthcoming from China, which should have been arranged at the get go. I don't think there's much solace for DLG holders either. It's a bit like a kid buying a first car, cant quite stretch to it, goes to his parents for a top up, a quick look under the bonnet and that's the end of it. Likely very messy Monday morning, unless a richer (local) kid needs some wheels!
I do hope they make material progress in the next few years. The new CEO couldn't possibly do worse than the previous and now has the feather in his cap of defending from a takeover. The employees should be grateful but wary....the cost cutting is still going to happen.
See 0822, missed the news last night and posted view before seeing it.
Add.
I agree but I was wondering what you said in your post at 08:14
Ageas .. that ship full of chancers has sailed for good.
Ageas can’t make an offer for at least six months unless another company makes an offer in the same time period. Is that how others understand 2.8 section ii
I feel the pain of DLG share holders. I was in Wood Group shares last year with a c.240p bid which was rejected. Current sp there is 144p, it never recovered from the blow! GL all.
The mms will try to support this but may open much lower. The 160p may be reached, but probably more like a slow puncture it may go 190 and bounce but dead cat caution.
Last July, the low of 2023 was 132.12p is unlikely as the company is turning around since then.
A brighter future so funds at the ready.
BTW a big shout of thanks to Ageas for the kick up the backside that DLG needed. Other too will recognise the potential.
GLA.