Member Info for sufc555

The company that has just shorted DLG doesnt think so

surely it will drop when Aviva goes ex divi week later? And you don’t get the Aviva divi.

Sell - as the price moves with Aviva - the price will fall when Aviva goes ex dividend in addition to dlg ex divi date

RNS re DLG purchase and '....prevailing market backdrop'

In a letter to shareholders published on Monday, Danuta Gray, the Direct Line chairman, said the deal offered “an attractive valuation of Direct Line today when taking into account the risks inherent in a multi-year turnaround and the prevailing market backdrop.”

Change looks imminent - must be done before 11.1.25 a change to +0.5% (Scotland changed last week) is worth circa £60m to DLG

There is no date. First thing is to confirm new CEO is in place - given that he presently skiing i would suggest 3.2.24. I presume date for final year will be provided then

Divi is suspended

Shares were £3.40 immediately pre Covid recovered to £3.40 in august 2020 the rest is history

Annual estimate for home 80mm

£150mm so dlg £11m

Fca to take action in 2024 re insurance premium finance article in insurance post - move on

The kitchen sink has been and gone

- new ceo 1.1.24

- div circa 10p March 24

- sale of NIG complete

- 10 point increase in capital in July 24 due to discount rate change

- motor and home premiums increase to continue until Q3 24

- claims inflation to fall

Motor and home insurance has been too cheap for too long in Uk

Each percentage increase worth a one off £100m - when it was last decided interest rates were 0.5% and the present rate is - 0.5% - rate must be changed by next July which is perfectly timed for half year results

7.7p is special / this is separate to restarting ordinary divi - desk to be approved by shareholders by mid dec

Just shows how little retail investors know - this share was being shorted by US hedge funds in the hope of a rights issue - this has disappeared in light of the sale of NiG the short bets will now close

Should be uk biggest motor insurer by 2024

Direct line mobility starts 1st sept - 650k policy via mobility scheme should add 500m to gwp

It was moved back to allow more time given implementation of IRS17 accounting stnds - it also allows them to report post start of DLM

Reminder - motor represents less than 1/2 of DLGs income

If we are discussing motor - tell me your understanding of the discount rate, the timeline to July 2024 and the effect on DLG profit

That's not correct - the bod said they would provide an update re divi at the same time as the half year results

I’m afraid so / frustrated because dlg has been picked up and manipulated by US hedge funds despite being v well run and highly profitable - hopefully the 750k increase in policyholders in oct will help close the shorts - the commercial book is a real positive