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Have you tried to use the Debenhams website? My wife used to shop on there pre-boohoo but after the take over she says it's horribly slow and difficult to find what you want. So she's given up on it, wonder how many others have done the same.
Thought it was dropping to 1k for 2023 and in 2024 it was going to £500? I've got a similar issue though got an isa but have some invested outside too. On the higher rate of tax just means why am I even bothering with the risk.
I was on that journey too. I'm the end I sold out and brought elsewhere thinking I'll come back. Totally forgot and looked that and boom. Another take over might happen. Wouldn't be surprised if these went over £3 again as previously if the takeover becomes more material.
TheTrotsky thanks for the detailed explanation, seems at least dlg will be safe from going bust but also with the profit sharing we can expect a reduced divi for 3 years while they get their **** together.
Just read this article too seems to have a more simpler explanation
A quota share reinsurance deal, like the one struck by UK Insurance Ltd, is a risk-sharing pact by which insurers and reinsurers split gains and losses on written premiums at an agreed-on percentage.
https://www.morningstar.co.uk/uk/news/AN_1674727051183453800/direct-line-stock-recovers-some-lost-ground-on-reinsurance-deal.aspx
Just read this on it,
https://www.investopedia.com/terms/r/reinsurance.asp
Seems it's about keeping cash flow positive not sure what it actually means though because it's not going to be free.
Try to make the best educated guess you can. Usually I look at old price per share, current company performance what likely hood it has of recovering to it again and if the industry is solid and not in decline.
I call bull on the cold weather, it's not been no colder than normal. They saw this coming and just tried to sugar coat it with hopes and dreams. You kind of hope everything is now on the road the recovery but who knows with this lot. E.g inflation priced in and cold weather behind us soon. If I had the money I'd buy more in to average when but tbh it will probably fall more before it rises.