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Dividends, bids, who cares.
Know I don't agree, you know nothing about the insurance business and that is the problem with much of the garbage which is written on here.
There won’t be another bid for dlg, because the time has passed.
If you want decent dividends buy now. It’s going to rise
They might have to call Green Flag
I'm of a mind that DLG will not get through 2024 without being taken out by a reasonable bid.
Anyone else agree?
The difference between dlg and its competitors is that dlg now requires a bit of faith and being able to see the wood for the trees
There isn’t a reason after this year why you can’t obtain dividends comparable to aviva and lgen . But here you can get major SP growth too , if you have faith.
Looks like the long road to share price recovery has started, Greenflag have arrived and got the beast back on the road. Hold
Just go the extra hog and buy LnG or MnG £140ish div per 1000 shares, makes this look a bit feeble even if you bought half of that amount
Dlg is worth a buy up to 190p for a retail investor.
Anything above 190p there are other under valued stocks to choose.
Agree with Abject here - the bid at 237p equals the value of the company imv - indeed some brokers were saying between 270p and 300p - for me this is the base line - I bought here yesterday at 181p and will add on the basis that DLG sub 237p is undervalued - the share fits my remit in terms of the dividend at 4p and I will add more on any weakness
gla dyor etc
Just a quick message to holders here.
The share price before the take over was approx 160p
The share price after it has concluded no take over is 185p
The stock market and all insurers have moved north since ageas first bid.
Dlg has moved north by 25p during this time if the ageas bid is removed from discussion
A 4p dividend has been reinstated.
The bid of 237 equates to that 12 month high as at January 2024, when ageas privately instigated take over talks.
Therefore and in conclusion
Ageas did make an opportune naive bid based on a 12 month high which coincides with market expectations. It also coincides with 40% uplift take over expectations.
They withdrew without a third firm offer. Hence naive.
Forget ageas.
Hold or buy more dlg shares. The trajectory is up, and the 4p is just the start.
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