DLG recently consolidated its shares on a 11 for 12 basis, giving cash in lieu of fewer shares (cash due 24th July).
FV = 385 , 4.8% dividend yield – so use the cash to buy more shares if you want to top up your position.
This is a great low risk (beta = 0.65) domestic (UK) play not subject market volatlity and pays a great dividend – you should have at least one of these types in your portfolio – it did not budge during the Greek Fiasco!
Comparable: $ESUR , FV = 265, yield nearly 6%!
take some profit at least 15% above your purchase price if you put on the trade idea sent on May 3rd.
Keep a core position if you like the company – great yield, low beta, and now low cost !
Esure interim statement was mixed with gross premiums up but the margins tough keeping inurance prices low good for the consumer not for the stock!
Stock trading 1% higher….if it does gravitate to 275 it may take time…but with a 6pcnt yield you are paid to wait….
FV=275, Yield 6%
2CentView has small trading position opened at 2.27, target 265, stop 210
Just renewed my car insurance policy with Esure and their service and prices were very good.
2CentView has a core position in $DLG (Direct Line) which is a great low beta stock with a fantastic yield. If you missed out on the $DLG trade, worth looking at Esure – current stock pice implies a 6.5% dividend yield and has a beta of .65.
FV=275 on $LON:ESUR Results out Thursday
Trade: Buy ahead of the results at 2.28, target 265, stop 210.
A more speculative names is AIM:GBO (Globo plc). Globo helps businesses their mobile engagement with customers and employees. They operate in Europe and the US – where they are doing very wel and generate good free cashflow.
FV=100 on Globo.
Trade buy around 55p, take profit target 75p , stop 44p.