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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
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?