Member Info for Rzez

Oh they may have, I’m not aware of this brand. Is this the cheap no thrills brand I mentioned before? In which case bravo. I wasn’t aware of such. I’ll look into it now.

So it sounds like we all believe change is needed. In my view there’s an option for movement.
Among the own brands we have Direct line (top end of market) and Churchill (medium section of the market) we than have RBS Prudential etc.
What we don’t have is a low cost no frills own brand insurance company. I appreciate some would say this would take market away from the others, however this is already happening, so by initiating 1 or 2 new low cost brands to be put onto the comparison websites you effectively prevent the competition from taking on as many of your customers. To make it less of a risk you make the underwriting criteria strict and adjust premiums severely for different areas.
This would allow you to be competitive but only take on near risk free customers.
That way you saturate more of the market.
Food for thought…

I was under the impression they were suggesting that because the SP has fallen then the money would have been better off being given out as a special dividend or purchased when the price was lower.
The second part is impossible to call as the price food be more or less at any point which is why they tend to buy them over a period of time. The first part is possible but the idea would have been to reduce the cost of the dividends to the company rather than increase them. However this is all looking backwards which is easy. Though questions really need to be asked why an insurance company essentially can’t afford it’s risk. This is total mismanagement of capital.

Mentioning possible raise in the future as hot dry weather in summer and extreme cold wet weather in winter may not be unexpected going forward, so may need to change.
Keeping my shares I’m holding before the drop but sold out on my buy after the drop.
Think I’ll wait to see what the future holds for this one.

I’ve added as happy to hold for another year. As it’s a good business. But I 100% agree she needs to go, I believe share buybacks are great if you have spare cash reserves, but not if you can’t afford to manage the business in an expected tough period. If she couldn’t see these or similar events happening from a mile off she needs to go, as she’s not leading she’s reacting after the events. We need a leader with a track record ASAP

SD wasn’t that 12% bond fixed for 5 years within a listed company? Seems strange that their best option to raise capital would be at 12% figure and have to sell it as a bond. Can’t remember if it was on motley fool or the telegraph.
Just be careful and make sure you read their balance sheet. I personally can’t, but it did sound too good to be true. Especially if it was on motley fool

I thought the same Matty. Does it have to hit a certain figure over a length of time to be actioned?

Oh come on… so if you only post on 1 share your a deramper. But… if you are seen to ramp the share and de ramp the share you can’t be trusted at all?
Would it not make sense to praise the share when news is good and be negative when it’s bad? I mean wow. Conspiracy theorists.

Will need to check if iweb do. Thanks all

Very sorry for my spelling. Can't seem to use the android keyboard without most words being misspelt.

Apologies for jumping in on your conversation. But think.youve confused me with your buying and selling outsude of isas talk. So simole quesrion i hope.... if I buy the share directly into an ISA there won't be any tax to pay on the dividened will there? Same as Lgen or dlg for example? Or am I missing something here? As withholding tax was mentioned but I thought that wouldn't apply as its listed on the UK stock exchange? Feel like I'm missing something here. Thank-you for your patience and time.

New budget has been pushed a couple of weeks. Now to be the autumn budget with real figures and supporting evidence. Thumbs up to Sunak for keeping the markets on side and not being pushed into a rash decision.

New budget been pushed a couple of weeks. Now to be the autumn budget with real figures and supporting evidence. Thumbs up to Sunak for keeping the markets on side and not being pushed into a rash decision.

Barchid. UKI often did this type of thing in areas they didn't wish to cover / expand their risk in. So fir example someonebwould phone up saying they can get a quote for £200 online with x company and yet DL was £600. The only real way to check is to either do 100s of quotes or work behind the scenes.
What you have to believe in is that DLG are very good at managing their risk portfolio. And although having a bigger book is great IF the maths works out. It can be terrible if you have a large book, but it costs you more than you're taking in to cover the claims etc. With higher inflation rates claim values will continue to rise especially as the GBP has tanked compared to the USD etc for purchasing parts and materials. Therefore DLG are playing defensive which is absolutely the correct play in my eyes.

Thanks all for your replies. An interesting discussion for sure. Guess we'll have to wait and see and hope it's all irrelevant when AA give us what we want :)

Just one thing to add here. I was under the impression if we give AA our intention to mine, then AA presuming their interested will offer a figure and we'll likely say its worth more. If a middle ground isn't met then an independent assessor will be used to decide who was closest then that figure will be used.
If that is the case then presuming AA want it. Then it's unlikely AA will offer too much to seal the deal and will base their valuation on what can be proven, not what could be. As this is what an assessor would likely base their value on.
Now I could be wrong but I can't see possibilities being given a strong value IF AA look to buy it.
Food for thought

Thanks Roofer. Yea had thought this for a while. Makes sense as you've got several brokers all buying around the same time pushing SP up. Appreciate the info though :)

Must admit I took a chunk out before ex div. Which now seems a silly move and looks like this may continue to go up. But that's the game we play. Best just buy a chunk each month and forget about the fluctuations. But who's that sensible? Will just continue to hold till I'm completely wrong or it drops again.

Out of curiosity what's the reinvestment fee with iweb. I'm also with them. Bit when I looked I remember thinking itvseemed excessive compared to paying £5 to buy myself at a time more suitable.

SD235 - 100% agree. But if there's a coming recession which most believe there to be. Its quite probable markets will react against all stocks vigorously.
I have investments including lgen that I'll keep throughout, however I'll be waiting for either 240 to be reached or the recession to be plastered all over the news before investing anymore. (News is currently reporting what may happen, not what us happening). This could end up not paying off and lgen shoots back upto 300p in which case I'll be happy . Or it does and I pick up shares cheaper. At the end of the day you can only do what works for you. But I would suggest the price is going to go lower before it goes back to 300. There's just too much negativity on the horizon and the majority aren't currently suffering as much as what they will be in the coming 12 months.
Sorry for the negative post. Just my thought process on stocks at the moment. But LGen among others is undervalued but thay only works if the market would be rational.