Member Info for Divihunter112

The trading update on 9 January could be very interesting - possibly the rumour of buying the two CNOOC interests in Mexico might happen.

Trading update on 19 January and FY results on 9 March.

Appomattox is 36,750 boed and CNOOC has 21% and Shell 79%.

Stampede is 56,000 boed and forecast is viable through to 2044 - also 29 mmcfd gas. CNOOC has 25%.

Hi I've looked at the Trading Economics site and UK gas average from 1 October to date is circa 260p.

Excellent post - couldn't agree more.

It was mentioned this time last year - £10 million saving on lease through to 2027.

Just see what happened with the Admiral results last week - scary. £500 million extra Mobability gross written premium business from 2023 and now saving £10 million per annum on Bromley office. Also whiplash claim savings to consider.

Hi Paul I've sold shares day before ex-dividend and bought them back the day they are ex-dividend and slightly lower even allowing for missed dividend and charges,so no tax issues.

Newish CEO hasn't paid a special since she became CEO and the CFO said in th is months trading update that they favour share buyback so special very unlikely - unless they make a massive saving in the reduction of whiplash claims - which they didn't refer to in the update. They might be keeping that back as good news in the final results.

Given the high solvency ratio I reckon they'll go back to the pre-covid share buy back of £150 million of shares when they announce the FY results - and slightly increase the final dividend.

Hi I haven't seen that new rating anywhere - where did you see it.

I think it's down due to lowest new car production in October since 1991 due to semi conductor shortage. Let's see what happens with Tuesday's update as whiplash claims have plummeted since the new legislation kicked in from June, so they should have an update on that.

HL drops to as low as £5.95 trade if you trade a lot.

First buyback was from 9 March to 11 June with 16,623,215shares bought back. New one started on 5 August. 1,347,878,524 shares on 5 August so with price above and below £3 since then I reckon it should be down to about 1,330m by the end of the tranche.

Thanks for this sufc. I read back in May that they were hoping to save about £1818 per claim. Based on the Jul-Sep portal usage my very rough back of an envelope calculation is that direct line should have about 59,000 fewer claims per annum - based on 12% of total motor insurance market. That equates to £109 million but have to allow for claims over £5k. This should mean cheaper policies and reduced costs for Direct line. The 9 November update should be very good news.

Hi but Blackrock would have to pay £4 plus to get Direct Line. If that happened I'd buy Legal & General, M&G and maybe Persimmon. That would give more dividend than Direct Line at present.

The newish CEO doesn't seem keen on paying a special dividend - prefers share buy backs. If the board doesn't start awarding themselves free shares then £100 million share buy back pays for the current 2.7% dividend increase per annum so no hit on profits. 9 November update will be interesting as probably more information on the recently introduced whiplash caps and online claim portal for whiplash claims up to £5k. Insurance shares are cyclical and I reckon (hope) they'll be much higher by final results in March - unless there's another lockdown etc. Also the solvency ratio was a massive 195% at half year results - after paying the final dividend. It should be higher at end year results so she might pay a special dividend but I would think a higher share buy back - it was £150 million before Covid.

I did it with Direct Line. Sold at 3.22 day before ex-div idend and bought back at just under 3.00 a couple of weeks later. I'll look to do the same next year if LGEN is around 3.00 or higher in early April.

It was 4.25 last month with new investor Cevian pushing for a £5bn share buyback. She said would update later this year. This should be at least 4.25 again soon unless Covid gets worse.

Just seen an article on GOV.UK that savings will be about £1.2 billion with claims capped by the length of the injury e.g. Whiplash only £240 for up to three mo nths. Insurers have 'pledged ' to pass on the savings of about £35 a case but Direct Line will have reduced costs ????