RE: Opt/mtb/cavers/lurkers22 Nov 2021 22:34
Well spotted Gs but i can see a caveat here........... just a thought Direct line have been repurchasing their own shares £50 million worth between the 4th August and 16th November 17,215,378 and they have been cancelled and its made absolutely no difference to the price . Prior to this they repurchased and cancelled £50Million between the 9th March and 11th June so a total of 33,838,593 shares cancelled and all that happened is the price has gone down.
I think when they gave up the closed life part of the company to Chesnara it only left the insurance side . I would wait to see which direction the SP goes now the repurchase is over.
I am wary myself