Member Info for driftking27

It is good to see it rise above 4000p levels seen for a longtime over last couple yrs troubles.

The Dividend was rebased/ reduced when it fell from 5000p to 3700p to a 3.8% to help debt levels a couple of years ago.

Lower dividends do help companies grow faster.

I got a reply from DLG investor relations about the date.

An update on the interim dividend will be provided at our half year results which are due to be published on 4 September.

Here's a link to the calendar on our website:

https://www.directlinegroup.co.uk/en/investors/financial-calendar.html#category1

So, yes it’s DLG that have changed the current date from historical means

Https://www.dividendmax.com/united-kingdom/london-stock-exchange/nonlife-insurance/direct-line-insurance-group-plc/dividends

They will be declaring the Dividend amount on 30th July

30th July well find out if the shareholders & I are due to be given another 4p for being so loyal of late with DLG.

8p payout for 2024 sounds good for me, and this makes 5.5%_6% yield.

Not quite sure though as I doubt it warrants 4p payout in August.

Need to think if this getting back to what it was good at.

https://www.dividendmax.com/united-kingdom/london-stock-exchange/nonlife-insurance/direct-line-insurance-group-plc/dividends

Is the reason HSBC being held back as investors are siding with US / European bank stocks.

HSBC has only risen 7%

HSBC v BofA is 42% over 12mths

HSBC v CREDIT 25% over 12mths

HSBC v Bank of New York Mellon 51%

HSBC v Bank of China Ltd 26.5%

HSBC v National Australia Bank 37.5%

HSBC v Commonwealth bank of Aus 30%

HSBC v Bank of Canada

HSBC v GS 50%

HSBC 7%!

After yhe SD was paid out after hitting 720 it’s faltered.

Yes I understand HSBC is all about China / HK, but then look at Chinese / Japanese stocks at the minute, there on rollercoaster

I only have 1900 HSBC, but again my arguement is they need to reduce the dividend payout, as this is a drag on the stock and always will be

I agree, but I wouldn’t say it’s Menzies. It’s the environment we live in, and brokers saying back in JANUARY that SPT would be hitting 3000p+ was laughable.

It was obvious that they were sugar coating the results and trying to make investors forget about the real buyers if alcohol out there.

I have found goid brands within Aldi for that Dpiced rum. Nice with topped up cloudy apple juice, instead of Captain Morgan, saves me £5 and it’s actually nicer.

As for whisky slumping in demand, not sure about that, and Vodka??

But marketscreener does ring true with my views on eps dropping off the cliff this yr.

Its not all about corporate events, but the average buyer if these items, abd for past 12-18mths, I don’t buy the premium brands bar 12yr Auchentishian Whisky from Glasgow, and Monkey Shoulder once a yr.

There won’t be a recession, but a soft landing, we just have to wait for US to go first on rates matter.

My view, inflation may actually rise, and interest rates may have to be increased further

As I thought. That purchase late Friday afternoon after hours 2734p, was a late landing purchase I suspect from .. start of June?

That’s what’s driving people away from buying whiskies and Vodka’s I also hear too.

This is what’s going to badly hurt the EPS results in months to come.

Results going forward for next 2-3yrs not looking good by Morningstar estimates.

FY eps

2023 £2.095

2024 £1.744

2025 £1.883

They site lower demand, which is an indirect hit from the fake inflation.

Maybe people buying more vino than the premium brands of whisky, Vodka, brandy, cognac etc

Therefore I foresee This will be taking another large hit end July.

I’ll be back to check up. I’m safe for now. Bought 500 back at 2011.

Only going to add iff PE hits 15.

NOTHING is EASY as you put it. It’s here for a reason. Business is basically struggling due to competition. Been here for a year and a but, takeaway that bud abd what do you have .. nothing.

Iv been here since 2019, but knew it was going to be a LONG LONG LONG recovery play.

GLA

Hi all,

Iv been from the days of Standard Life 2007, think I’m down 44% with all the changes.l; 475p like …

Iv topped up once in 2011, and will only top up again maybe on another large DIP 10]•20% .

That’s the right motto, don’t buy when it rises, but hold.

Dividends since then have covered my loses, so I’m ok.

I’ll be topping maybe end of year. After elections. Foresee something happening…

GLA

I second that.

I don’t know many big American companies that have acquired a UK listed stock, other than Cadburys by Hershey

Exxon & CHEVRON have now made it clear that after 15yrs of dirt cheap chips they wouldn’t consider buying BP.

It is what it is, and maybe just as well.

We don’t want our Blue chips disappearing for sake of the FTSE.

Hoping for Q2 results starting now that they help stabilise both NYSE and European bourses .

I’m in BP, TOTAL, EXXON in oilies

I’m hoping for the move from AI stocks to value plays/ growth stocks to to take effect soon and oilies / property stocks to play catch up once interest rates are reduced

GLA

The only thing BRITISH about BP is because British is in the name and their HQ are in London.

The government has manipulated stockmarkets to dot. Nothing new there.

VIX down at 12.5

DOWJ 39344 !

FTSE 8154 pmsl

The markers are all messed up, can’t believe anyone STARMER included. Will he do anything on immigration doubt it in the 5yrs he’ll be here for

My Best stocks for last 6months

CROWD

GS

ULVR

VERT

HFEL

BA

IMB

NOVARTIS

GOOG

Could we see a rally in August??

BP. I see this continuing to fall to 400p.

Looking at BP's upstream production is expected to remain flat compared to the previous quarter.

This matches with the company's earlier guidance for the full year. BP's announcement echoes similar concerns raised by Exxon, suggesting that major energy companies are banana’d with jittery markets: seesawing all over the place, conditions and operational hurdles.

But Brent has been steady above average $81 I see for last 3months

The debt burden mounts as i quite rightly stated back December -January time.

This RI will hold this back…

The bear case

***************************++++++++***************************

One issue I see is the large pile of debt it has on its books. This currently sits at £43bn. That could hinder growth plans. At the same time, any announcement of a delay in rate cuts would be negative as higher rates make debt more difficult to pay off.

Time to buy?

Analysts have a 12-month target price of 1,104p, or 18.1% higher than its current price. Going on that, I reckon we could see it edge closer to 1,000p as we come to the end of the year. Trading on 15.7 times earnings, I think the stock’s fair value and its share price has growing room.

*********************************************************

A lot depends on the stockmarket NOT crashing which I’m sure it will be it before US elections or after elections.

There is so much mess going on in this nasty world we live, and stock indices are just manipulated to keep governments happy.

DOWJ 39344 ! haha

S&P 5573 ! haha

FTSE 8197 Pmsl

It’s a mess, when will that reset button be hit???

Best stock of year for me are

CROWD

GS

ULVR

VERT

HFEL

BA

IMB

NOVARTIS

GOOG

The arguement to say it’s LGEN causing the underperformance is a wrong.

The FTSE shares in general have all underperformed for decades.

The reason they underperform is clearly due to the higher than average dividend yields. This is a topic discussed at my broker last yr.

This will not change unless companies reduce their dividend payout inline with Euro counterparts or competitors across the pond.

I have held 7697 here since 2011, against my broker as they didn’t like the accounting they did back then .

They said chose a pharma like SHIRE. Wished I had chosen them. Remember they rocketed on takeover to 5000p

I too will be trimming over 260p.

I have bought more Amazon, Mercedes and Tesco

GLA

This is not an undervalued stock, but one of a few consumer brands that have been bolstered by both Covid lockdown and high inflation.

This stock along with DGE, ULVR is trading at a fair value.

As for the baby formulae, would, or could RKT sell its baby formulae?

Second this!

Just been watching Total SP again around 3% this week, but has just about lost it badly down 4% since Wed compared to both SHEL & BP after oil lost direction and FEDS not giving away much on interest rates.

Looking at charts my point of view has been true.

There is a bounce very soon at a gap to fill at 2563p.

Gla