Direct Line IPO

[JontyR]

What are peoples thoughts?

Direct Line have just come back into profit, and are cutting costs left right and centre. Seems like a good buy to me

[ringram]

IPO is probably priced to sell based on the fact they are selling in 3 tranches, they will want this one to go well.
So in theory could be some capital gains to be had. Also yield appears to be around 5% or so.

All in all perhaps not a bad punt, but I always think its best to buy the sector or market rather than a specific company.

That being said, Ive applied for a small amount.

[JontyR]

Share allocation came through...and did ok out them today.

Anyone else get any??

[NorthDave]

Yep I got a few. Not as many as hoped. I think they were up 5% or so which is ok. Be interesting to see what happens over the next few weeks / months.