Member Info for JohnnyG505

I'd like to think it's started it's long, slow, upward trend to the next dividend payment. Fingers crossed there's no bumps in the road. November's update will be interesting,.

They started a share buy back just as lockdown hit, I've been wondering if they'd start it back up again.

Annoying mobile phone. I meant to say I bought a small shed load at 2.80. Will buy another small shed load at 2.70 and anything below 2.60 will get a Garage's worth spent on it.

Once again, as proven earlier in the year, the complete overreaction to news/lockdown has, IMHO, proved to be.....well a complete overreaction.

Libero, I couldn't agree more. I've got a huge amount in premium bonds......it may very well end up in DLG.

I'm gutted, as I topped up last week at 3.03. If we do hit a proper 2nd lockdown then I expect the SP to continue to drop.

However, in addition to possibly lower vehicle accident claims, I wonder if travel insurance claims would be significantly lower than those that followed the previous lockdown.

If the SP falls, I will undoubtedly top up. In the last lockdown, it fell to 2.25 then recovered to 3.55. I have no reason to see, should it fall, why it won't recover again.

GLA genuine DLG holders.

Yeah, doing very well so far.......very good to see :-)

Interesting post on ADVFN that DLG will be promoted to the FTSE100 come December.

Anyone know if this is definitely true? Can't find anything on t'interweb to confirm this.

My divi is in, first thing this morning.

Tomglan, good post. I'd like to think 2.90 is our base, with a little movement either way. Obviously, I could be wrong, the Brexit doomsayers will have a field day if we don't come out with some sort of deal.

I'm caught between buying more in the 2.80s (if I can) or holding on till the new year....post actual Brexit.

GLA.

Cheers Steve305. I suspected it was due to the American markets, but I wasn't aware of the actual specifics.

As for doom and gloom / snowflakes.......don't get me started. I'm sick to the back teeth of them.

I've come to realise that newspapers don't report much news these days; they basically report speculation.......and of course, the worse speculation, the better for their sales.

Apologies, that should have read 3.50 - 3.75 by next Mar/Apr.

Was watching the SP hold steady this morning, and actually gain a little, then the next time I looked it was sat at 2.90

Does anyone know why this happens? I was told it's due to the US markets opening, and their affect on the FTSE in our afternoon.

I'm not actually that bothered as I'm sure, like everyone else looking to reinvest their divi, a lower SP gives more shares :-)

Oh, and welcome back libero. Unless things change dramatically, (Covid/Brexit,etc) I think we should recover to between 2.50 and 2.75 by next Mar/Apr.

Good luck all genuine DLG posters and holders.

I'm with you on this one. DLG's SP has these ups and downs. I can't recall seeing it hold any of its gains following ex dividend day.

I fully intend to reinvest my divi payment, with a little extra, in the near future. I think it probably still has a bit more to fall but I'm not selling up as I'll be waiting on Q3's figures.

10 Nov according to the DLG website. Although it does say possibly subject to change.

28 Aug 19, the SP was 286 (with no Covid crisis). This share, over the last few dividends, has had a habit off dropping in price post Ex dividend. Personally, I see these dips as perfect buying opportunities.

Next few months could be interesting, if it rejoins the FTSE100 and the Nov update for the third quarter of 2020. Barring a disastrous Nov update, I am planning for a sustained SP increase, later in the year, as we near the next dividend date.

As usual, just my own opinions, and is not to be considered as advice. Do your own research.

Good luck to all genuine DLG posters and holders.

Same here Steve305.

TBH, I think the SP will drift a little further south but, as I said earlier, I have absolutely no concerns with a falling SP. It's a well run company, and was going to start a round of share buy backs, just before lockdown, so is/was cash rich.

Any fall in SP has, historically, always been overturned as the next dividend becomes due.

Good luck all genuine DLG holders/posters. DYOR.

Hi Libero, many thanks for your reply.

It's quite clear we're singing from the same hymn sheet. When lockdown kicked in, and the SP crashed, followed by the withdrawal of the dividend, and the SP crashed even further, all I kept thinking was this drop is hugely unwarranted. Every morning I walked my dog and saw zero road traffic, as a predominantly vehicle insurer, I thought this must surely positively impact on DLG's profits......I only wish I was more sure of my thinking.

As it happened, I did buy a small amount at 2.50ish and sell at around 2.90ish......which basically paid for my lost dividend. I still held, and topped up just after the RNS, a substantial holding which will pay a very nice dividend in September :-)

But going back to your Covid thoughts, which I completely agree with, I also see a potential change in the way we work. Since lockdown, a friend of mine has told me that her firm has seen a 90% drop in sickness......my local Police Authority, where I worked for the past 8 yrs, has seen the highest level of work attendance in two decades......all because people are working from home. If this continues, I see far less commuter traffic in the future. Sadly, I see no answer to the seriousness of late night road collisions following a night out.

As for Brexit, once again I agree with you. As a predominantly UK based insurer, why should leaving the EU affect them? Unfortunately I see the sheep led market basically following all the scaremongers and crashing the market. If it happens, like the CV19 crisis, I will see it as a massive buying opportunity.

Like I said earlier, best of luck to all DLG holders and please do your own research.

Regards JohnnyG.

Libero, I'd be very interested to know why you feel the following:

"And I'm also confident the results for 2021 and beyond won't be half as good... unless I've misjudged the longer term effects on covid-19! (which is entirely possible of course)"

As a LTH of DLG, if you look back at the SP, it has struggled to get above £4. I've been a huge fan of insurance stocks for many a year (two holdings being bought out) I hold my insurance shares for the dividend. I can't see the SP continuely rising. That said, I also see any fall in the SP offset by an increase by the time the next dividend is due.

If you are able to read the cycles that accompany the SP you can actually trade it, I've done so a couple of times to reduce my average SP. (As a rule though, I don't trade since getting severely burnt on the AIM market: I realised I was not very good at trading).

So, like you, I don't see the SP rising much in the future but I do still see a very strong dividend. However, I feel our next big hurdle will be Brexit (when we actually leave in December) but, like I say, I'd be very interested to hear why you feel Covid will cause further problems in 2021 and what those specific problems will be.

As always, these are just my personal views; please do your own research.

Many thanks JohnnyG

Quindell mucka, if you do manage to find anything out, would be really appreciated if you could post something, or even drop me an e-mail??? As always mate, thanks for all your help.

Quindell, how are you doing, well I hope. Have you heard anything on the old grapevine? You were the only one that saw this going ti ts up mate. Any info gratefully received.

Possibly one or two straws to grasp at mate, better than nothing I suppose.