Member Info for Carrington

I think the UK business, although in the doldrums atm could turn around quickly - let's not forget the 16pct wage rises that were factored into the UK results - inflation forecast to be around 2pct by year end so future wage rises will be nowhere near this in the UK going forward - inflation and interest rates dropping in the states and eurozone will also benefit MCG - when companies get taken over the predetor looks at forward earnings potential - Kretinski did this only a few days ago with IDS - Cosmens may well do the same.

gla dyor etc

To me this looks very similar to IDS where a party wants a certain section of the business - ultimately this resulted in said party bidding for the whole business - MCAP here around 340m now - cosmen bid must be close now surely

gla dyor etc

Doubled my holding here at 57.5p - gla dyor etc

MKS still trading at lows based on a theory that they cannot sustain the Christmas sales in food and clothes - this theory has been smashed month on month - shares will go higher from here a lot higher imo - lets see

gla dyor etc

For me a lot of this must be in the price - trading pretty close to historic lows - I have bought in near the lows and will add if it bombs on Monday - fingers crossed it doesn't in which case I will also add - gla

Decided to trim off my profit here, around 25pct of my holding and keep the rest for the ride.

gla dyor etc

Direct Line were offered 237p which was 3pct above the previous offer by Ageas - 3pct on 320p would be around 330p - think carefully guys re any uplift on the offer - Direct Line shares dropped sub 2 quid when the offer was withdrawn and they are still sub 2 quid - personally I will be happy with plus 300p -

gla dyor etc.

276p bid closing price, just changed - not bad though tbf - will hopefully push on for more tomorrow - a very good day indeed - well done all lth's

Carrington, RNS the bid was 320p - Simx - 280p bid closing price matey

Closed at 280p bid - something happened just before the close

Big spike just then on IG index - up 10p in 2 seconds

DING DONG - bought in at 213.8p yesterday so a 15pct net gain in 24 hours!! - an extra G and T before dinner tonight is well in order for me and Mrs C!!!

gla

"Goldman Sachs reinitiates Direct Line with 'buy' - price target 280 pence" - confirmation of my post here on the 12th April - follow the money

gla dyor etc

"Welcome back Carrington." - ah thanks Red - difficult times right now with macro economics taking centre stage - turbulence for all shares atm - I am looking to add here on further weakness - gl matey.

Back into this at 213.8p after a long hiatus - down 25pct in the last 4 months - looks way oversold to me based on recent results -

gla dyor etc

Added at 189.3p

gla dyor etc

Sold half my holding here at 542p last week and bought them back this morning at 530p - I can't see anyone apart from Qube wanting to be short before the update on Thursday and for me the share goes up from here barring anymore macro economic turbulence as funds reposition themselves - lets see

gla dyor etc

I reluctantly sold half my stock a couple of days ago at 542p - will wait now as I think it will probably be sold off more going into the close today, after all nobody wants to leave money on the table over the weekend - will see what plays out then and look to buy back before the trading update on the 18th

gla dyor etc

I have to admit I am getting slightly concerned - I am hoping they are delaying in order to tie in some positive information on the north american bus sale with the results - they started the process at the beginning of the year so there should be something to report, unless they can't find a buyer in which case I am afraid we are screwed

gla dyor etc

I like the way DLG is going about its business right now - Jane Poole from Aviva is a really good hire - nobody goes from a really good business like Aviva unless they know the business they are going to is capable of reaching new heights - at the end of the day we know full well that DLG is worth at least 237p as that is what Ageas bid for it - Jefferies said that 270p to 300p a share range would be more in line with recent M&A valuations in the sector - the current share price looks ridiculous to me - car insurance has gone through the roof of late and I am expecting the profits in the next q2 update on the 4th September to be substantial (AGM on 8th May btw) - I have added here recently and DLG is now making up over 10pct of my whole portfolio - follow the money

gla dyor etc.