Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video 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.
I took the following from payments I have received since 2012 .
Year Paid Interim Final Special Special Total
2013 4.2p 8p 4p 16.2p
2014 4.4p 8.4p 4p 10p 26.8p
2015 4.6p 8.8p 4p 27.5p 44.9p
2016 4.9p 9.2p 8.8p 10p 32.9p
2017 6.8p 9.7p 16.5p
2018 7p 13.6p 15p 35.6p
2019 7.2p 14p 8.3p 29.5p
2020 7.4p 14.4p 21.8p
2021 7.6p 14.7p 2 2.3p
2022 7.6p 15.1p 22.7p
Interesting to note that the dividends are consistent in the earlier days with specials
that made up the totals. Which I assumed to be paid if less claims are made in relation
to profits. Then we get higher levels of Interim and final payments with no specials. And a
loss of payments from then on due to pandemic.
Higher costs for energy, shortage of spare parts for DLG garages to effect length of time that replacement car hire is in place. Then of course building repair cost going through the roof
with no materials available. I doubt that any insurance company could mitigate for those
problems.
So fingers crossed we are back up and running again.
Unlikely, unless the reason for the Aegas CEO's trip to China was a look see at DLG's results before Thursday? :-)
Could we also see a final offer from Ageas on results day giving us a double RNS to wake up to? Enjoyed the same with Spirent and their double RNS morning.
Maybe not directly comparable to DLG, but seemingly very good results from Sabre this morning including a special dividend on the back of 'very strong market-wide price correction' and driven mainly by 47.5 per cent premium growth in its motor vehicle product.
I wonder if DLG will be similar or if they still have their foot in their mouth ?
Difficult to say AP.
I sold my shares at around £12 to pay off my mortgage a long time back.
It was the good old days when BT was the main supplier of telecoms now they have some serious competition with other suppliers of fibre networks.
And no I was not a BT engineer just an independent company that supplied services to them on systems that were not in their field of expertise.
I contracted to BT, local and central government, MOD, USAF and NHS Banking sector etc.
Warren Buffet I most certainly am not. I'm afraid
Mjallen reckon bt shares will go up in future?
Now that is something I can agree on. BKB. It's all clever stuff. Just waiting for the coil of FTTP thats coiled up on the telecom pole outside my house to be connected to me.
The future is FTTP, landlines will be gone and you probably don't know that your voice calls on your mobile are occasionally routed through your router. Clever stuff isn't it. Don't get me started on MPLS circuits😀
Yes BKB and my analogue telephone runs perfectly well over its copper cables via its Sky router broadband converted to digital format connection then onto its CW1308 copper twisted pair internal cable out to its over head 2 core cable then via a CW1128 underground copper cable onto a BT telecom cabinet where its upgraded to fibre.
Even BT refer to my fibre/copper connection as their landline up to their master telephone socket.
Even my mobile connects free of charge over my BB connection whilst connected at home.
Just seen the TV ad in NI.... no phone, modern feel. Never seen the ads here before.
The fightback begins.
Mj sorry to correct you but there are analogue(copper) and digital (fibre). Lets not also forget microwave and satellite communications as well. The majority of non-technical people refer to landlanes as copper and going forward very few people will have fibre IP phones as mobile 4G and 5G have taken the baton now. 30 years in comms.
Sorry to correct you BKN but a fibre is still a landline that use lightwaves to transit telecommunication signals instead of electrons. The other method is as you say 4G wireless that uses Radio waves to transmit telecommunications data. However most if not all cell towers interconnect via fibre landlines, under sea cables and some part way via microwave satellite connections. It would be embarrassing not to have pick up some knowledge in my 50 years as the owner of an electrical and data networking contractor plus consultancy. With regard to using the telephone their website still shows that contact can be made directly by phone and digital connections.
If Aegas had a red telephone and called Fosun, it might have saved them the cost of flying to China ? :-)
MJ,
Most people are on fibre, dont even have landlines and some are on 4G only like us. Majority of people probably havent seen a landline phone and never used one. It needs kicking in to shapre and looks outdated. Winslow will no doubt bring about the changes needed and not just for the fun of it.
"https://www.cityam.com/belgians-tap-up-chinese-ahead-of-possible-third-bid-for-direct-line/"
I thought I had recently read that Fosun were looking to sell their holding to help shore up their own finances. If so, I wonder how that affects these talks.
Maybe they could add a mobile phone on wheels along with the landline and mouse...
Https://www.cityam.com/belgians-tap-up-chinese-ahead-of-possible-third-bid-for-direct-line/
I put to you Paul that the synergies that would be employed by Ageas is to reduce the total number of existing employees from both companies or even just those of DLG. I doubt that any long term employee with a share holding is going to back the board in selling out. With the following benifits. It would be the same as Turkeys voting to be on a plate for christmas dinner.
DLG has 9000 employees
Benefits
9% employer contributed pension
50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
Additional optional Health and Dental insurance
Generous holidays
Buy as you earn share scheme
Employee discounts and cashback
Opportunity to apply to our customer service and data apprenticeship to develop skills for the future
Ageas has 2000 employees spread over over 7 offices
Ageas is also backed by a Chinese Insurance company.How many more of our UK companies are going to be infiltrated by a possible link to their government.
I for one do not want to be forced into a loss at £3.64 for which I have no control over.
So no this LTH is not for selling out.
I don't see your logic B-K-B
The ICON is a telephone plus I still use a landline for my broadband connection even if it was changed to half copper and half glass.
By your logic Richards Virgin airline etc must be outdated as he and it must have lost their virginity a long time ago.
You don't change what is recognised brand just for the fun of it.
Denby, you're discounting that a great number of longstanding shareholders here (enough?) do not trust the co. not to make the same mistakes again. We would welcome a bid (from whoever) at 275-300 in order to receive those (currently wished for) future turnaround benefits now, without taking the risk that DLG has not resolved it's issues and will not deliver if left to their own devices.
Even at 275-300p I will only just come out ahead, particularly when factoring the period of nil dividend income. I will just be grateful to not lose as much as I could have done if I sold when the co. shafted it's shareholders by removing the dividend completely just weeks after reassuring that the dividend was safe.
Sunday Times reporting that the Ageas CEO is visiting China to shore up support for a bid that gets taken seriously. Seems this saga might not be over?
Just going through my various insurance quotes over the last years including the non DLG car quote from yesterday (up 85%) on last year) it seems indicative that ALL companies are hiking premiums significantly and that most of the hikes are going to be the new normal and nowhere to hide.
Even comparison sites are significantly higher and have a no claims history and the only thing different is an extra birthday.
DLG will be fine and the dividends return.
The globalist reset worked a treat. Pricing power paid for by the general public while the government ropes in 20% VAT or 5% VAT on many things that have doubled in price.
Anyone else here think the name 'Direct Line' with an icon of a landline is about 20 years out of date? Probably the least tinkered with brand name in this country. Things have moved on so much but Direct Line seems stuck in in its ways. Least change it to 'Insure Direct' with some app icon.
This will never be taken over . back to 160 then 2 years time it will be 280---300 per share with a good div offer has too be 290 ---320 for this to be taken over .
"Most bidders to seem to walk away once a reasonable premium is offered and not accepted. Curry, DLG, ELM all too greedy and no one want to pay stupid level for these poorly run companies. Some CEOs accepted the offers and managed attract more higher offers because knew the CEOs of those companies are serious of offers and shown respect."
I think there are reasons to think that the bid did undervalue DLG. It will take a couple of years for the unprofitable policy writing to work its way through the system. They are now writing with a much better margin, that probably wont be fully reflected in the figures for another year or so. Inflation is falling, interest rates will also start coming down soon so the value of assets they hold will likely increase again. There will be steps being taken to reduce running costs.