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Direct Line Group (DLG)     

skinny - 11 Oct 2012 07:40

?m=02&d=20121011&t=2&i=662221100&w=460&fChart.aspx?Provider=EODIntra&Code=dlg&Si



Direct Line Group website

Financial Calendar

Recent Broker Notes

Barchart Indicators

Recent Market news

Direct Line Group(DLG) Fundamentals


Direct Line Announcement of Offer Price


The offer price has been set at 175 pence per Ordinary Share, implying a total market capitalisation of Direct Line Group £2,625 million.

skinny - 11 Oct 2012 07:41 - 2 of 84

Direct Line Announcement of Offer Price

The offer price has been set at 175 pence per Ordinary Share, implying a total market capitalisation of Direct Line Group £2,625 million.

The Offer comprises 450 million existing Ordinary Shares being sold by RBS Group (prior to the exercise of the 15% over-allotment option), representing 30 per cent of the 1,500 million Ordinary Shares that will be in issue at Admission. Gross proceeds realised by RBS Group will be £787 million (prior to the exercise of the over-allotment option).

Following admission, RBS Group will continue to hold 65.3 per cent. of Direct Line Group's ordinary shares assuming exercise of the over allotment option, which are subject to a 180 day lock-up.

Conditional dealings will commence on the London Stock Exchange at 8.00 am today (11 October 2012).

The Other Kevin - 11 Oct 2012 07:50 - 3 of 84

Are you sure about the epic Skinny? It's coming up as Delling Group for me.

skinny - 11 Oct 2012 07:51 - 4 of 84

Yes, pretty sure - most sites are not up to speed yet! :-)

Stan - 11 Oct 2012 07:57 - 5 of 84

DLG works on Stockwatch for Direct Line all.

The Other Kevin - 11 Oct 2012 08:03 - 6 of 84

OK now

chessplayer - 11 Oct 2012 09:53 - 7 of 84

On the offer, you recieve the first £1,000. After that 65% of what you asked for.

skinny - 11 Oct 2012 11:46 - 8 of 84

RBS sets milestone with upbeat Direct Line flotation

LONDON | Thu Oct 11, 2012 10:42am BST

(Reuters) - Shares in Direct Line set a premium on their stock market debut on Thursday, marking a milestone for parent Royal Bank of Scotland (RBS) which needed a successful float of the insurance unit as a key part of its recovery plan.

Strong demand from private investors helped RBS raise 787 million pounds through the sale of 30 percent of Direct Line's shares at 175 pence per share, near the middle of the initially stated range and valuing the business at 2.6 billion pounds ($4.2 billion).

The shares were trading at 184p by 10:00 a.m., a firm performance which also highlighted a recovery in Europe's IPO markets from an extended hiatus.

skinny - 16 Oct 2012 07:06 - 9 of 84

Admission to Trading on the London Stock Exchange

Further to its announcement on 11 October 2012, Direct Line Insurance Group plc ("Direct Line Group" or "the Group") is pleased to announce that its ordinary share capital of 1,500,000,000 shares has today been admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "DLG".

skinny - 17 Oct 2012 07:18 - 10 of 84

RBS now owns 69.78% - Holding(s) in Company

skinny - 19 Oct 2012 17:10 - 11 of 84

RBS now owns 65.28% - Holding(s) in Company

skinny - 02 Nov 2012 07:11 - 12 of 84

Interim Management Statement

Financial highlights

· Operating profit from ongoing operations1 of £347.9 million for the nine months to 30 September 2012, up 3% (nine months to 30 September 2011: £337.8 million)

· In-force policies of 20.1 million, up 4% since the beginning of the year (31 December 2011: 19.4 million) with Motor and Home broadly stable and growth in Rescue and other personal lines

· Combined operating ratio2 for ongoing operations of 99.7% for the nine months to 30 September 2012, an improvement against the nine months to 30 September 2011 (101.9%) driven principally by a significant improvement in the loss ratio

· Annualised return on tangible equity3 ("RoTE") from ongoing operations of 10.6% for the nine months to 30 September (proforma RoTE: 13.5%4)

· Operating profit from ongoing operations for third quarter 2012 of £123.7 million, down 4% compared with third quarter 2011 reflecting lower investment returns partially offset by a better underwriting result; the third quarter 2012 combined operating ratio of 96.9% compared with 100.5% for third quarter 2011, driven by improvements in both the loss and expense ratios

· Net asset value per share of 187.2 pence and tangible net asset value per share of 159.7 pence per share (31 December 2011: 240.9 pence and 216.5 pence, respectively)


Business highlights

· Successful separation from RBS Group and subsequent IPO of Direct Line Group in
early October

· Steps announced to deliver approximately 50% of the 2014 target of £100 million gross annual cost savings5

· Continued rollout of claims transformation plan with over 400,000 Motor and Home claims now on the new claims system. Benefits from plan contributing to prior year reserve releases.


chessplayer - 28 Nov 2012 11:30 - 13 of 84

Investec initiates buy Direct Line, target price 210p

skinny - 22 Jan 2013 12:02 - 14 of 84

Full year results February 2nd.

skinny - 28 Jan 2013 13:55 - 15 of 84

Canaccord Genuity Buy 223.80 223.60 - 240.00 Initiates/Starts

skinny - 28 Feb 2013 09:01 - 16 of 84

Preliminary results year ended 31 December 2012

Financial highlights

· 9.3% increase in operating profit from ongoing operations1 to £461.2 million with all five divisions profitable in 2012
· Return to underwriting profit with a combined operating ratio2 of 99.2%, an improvement of 2.6 percentage points
· Return on tangible equity3 of 11.5% and pro forma return on tangible equity3 of 13.4%
· Final dividend of 8 pence per share, implying a pro forma annual payout of 55% of post-tax earnings from ongoing operations. From 2013, aim to raise the dividend annually in real terms

Strategic highlights

· Good progress made towards achieving 15% return on tangible equity target

· New and extended major partnership agreements and expanded presence of Churchill and Privilege to the four major UK price comparison websites

· Delivered benefits through claims and pricing transformation plans contributing to a 3.1 percentage point improvement in the loss ratio to 67.1%

· Announced plans relating to 70% of £100 million gross annual cost saving target with advanced plans for remainder of the proposed savings

· Improved balance sheet efficiency by raising £500 million of long-term subordinated debt and paying £1 billion of dividends to RBS Group pre-IPO. Capital position remains strong with risk based capital coverage of 145% post-final dividend

skinny - 13 Mar 2013 14:58 - 17 of 84

RBS completes partial sale of DLG ordinary shares

RBS Completes Partial Sale of Direct Line Group Ordinary Shares

Further to the announcement by The Royal Bank of Scotland Group plc ("RBS") on 12 March 2013, RBS has completed the sale of 252.3 million ordinary shares in Direct Line Insurance Group plc ("Direct Line Group") at a price of £2.01 pence per share, raising gross proceeds of £507 million, assuming the over-allotment is exercised in full.

RBS now holds 726.9 million ordinary shares of Direct Line Group, representing 48.5% of the issued ordinary share capital. If the over-allotment option is not exercised, RBS's remaining stake will comprise 749.9 million shares, equivalent to 49.99% of Direct Line Group's issued ordinary share capital.

The sale marks the continuation of RBS's EU-mandated disposal strategy, with cash proceeds being used for general corporate purposes.

Bruce Van Saun, RBS Group Finance Director commented, "We are pleased with the performance of Direct Line Group since the IPO in October 2012. This sale is part of our ongoing delivery against EU commitments and will take our ownership below the 50% level. We continue to execute well against the key milestones in our recovery plan".

skinny - 03 May 2013 07:02 - 18 of 84

1st Quarter Results

Financial highlights

· Operating profit from ongoing operations1 of £107.5 million for the first quarter 2013, up 32.9% (first quarter 2012: £80.9 million)

· Gross written premium for ongoing operations 4.5% lower reflecting competitive market conditions in UK personal lines, partially offset by growth in International

· Combined operating ratio2 for ongoing operations of 98.0% for the first quarter 2013, an improvement of 6.5 percentage points against the first quarter 2012 (104.5%) driven by continued prior year reserve releases and lower claims from weather events

· Annualised return on tangible equity3 from ongoing operations of 12.3% for the first quarter 2013 (first quarter 2012: 7.7%; pro forma4 full year 2012: 13.4%)

· Net asset value per share of 195.3 pence and tangible net asset value per share of 166.0 pence (31 December 2012: 189.1 pence and 161.0 pence, respectively). Tangible net asset value per share of 158.0 pence after deducting the 2012 final dividend of 8 pence per share

Strategic and operational highlights

· Continued momentum in pricing and claims initiatives, contributing to improved underwriting result, including significant prior year reserve releases

· Actions relating to the £100 million gross annual cost savings in 2014 on track. Continue to pursue initiatives to improve efficiency further

· New customer propositions and refreshed advertising campaigns for Direct Line, Churchill and Green Flag

· Good growth in the International division, particularly Germany, and Commercial full-cycle eTrading now live

skinny - 17 May 2013 10:01 - 19 of 84

Merrill Lynch Buy 211.80 220.00 235.00 Upgrades

HARRYCAT - 31 Jul 2013 08:18 - 20 of 84

StockMarketWire.com
Direct Line Insurance Group will announce its results for the six months to the end of June will be released on 2 August 2013.

skinny - 31 Jul 2013 08:22 - 21 of 84

Exane BNP Paribas Neutral 221.10 225.80 - 233.00 Reiterates
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