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Randall & Quilter Share Discussion Threads
Showing 501 to 525 of 525 messages
|Interesting. I've just looked back to the H1 stage:
Our UK Legacy portfolio comprises exposure to asbestos and other long term liabilities arising from Employers’ and Public Liability policies written over the past 50 years. The UK Legacy underwriting result for H1 2016 was a loss of £5m (H1 2015: £14m loss) primarily reflecting operating expenses incurred.
So it's actually quite a small division. A reasonable size for us to swallow.|
|See this mornings statement from rsa. We continue to explore transactions concerning our legacy liabilities.
Up rqihs alley.|
|Still yields 6.25% in a market hungry for yield|
|With a book value of about 96.7p (adjusted for payout due) and not much in terms of forex gains since last accounting date (30/06) this is getting a bit ahead of events, maybe?
(I'm not complaining!)|
|It might actually benefit from a global slowdown (which I think quite possible). Companies will want to get rid of their captive insurers on the cheap to free capital and people. And the Malta operations will be EU-based.
The problems it faces will be purely around the insurance industry, as with the US business a couple of years ago.|
|Nearly up to its price when it floated 9 years ago. Based on what it is paying out now as opposed to then then share price should be £2.50|
|Still a way to go before the name change to QRIH.|
|Director/PDMR Shareholding - HTTP://www.investegate.co.uk/randall---38--quilter-ld--rqih-/rns/director-pdmr-shareholding/201609281500401115L/
The Company has been notified that on 28 September 2016 Kenneth Randall, the Company's Chairman and Chief Executive, sold 200,000 of his holding of 2p ordinary shares in the Company to Alan Quilter, the Company's Chief Operating Officer, at the rate of GBP 1.225 per share. Mr Randall now holds 16,035,446 ordinary shares which represents 22.25% of the Company's issued share capital. Mr Quilter holds 4,246,456 ordinary shares, representing 5.89% of the Company's issued share capital.|
|I think this is massively undervalued
It came to the market 9 years ago at 125p a share. Things are way better now than then I suspect that the annual return of capital(which I love because it's. Cgt as opposed to income tax and it's giving me 8%) means it does not come up on people's radar. £2 is my target|
|That's true but I still like to muse on possible outcomes!
From my limited understanding, the net assets of $5.3m include future insurance provisions at what is probably a realistic valuation (since it's in run-off). These could potentially increase or decrease.|
|I think its almost impossible to know the real value in these acquisitions. You either content yourself with the attractive yield and faith that management know what they are doing or you don't hold the shares...(imo)|
|Recent rise maybe caused by a leak of the acquisition just announced: net assets of $5.3m for a cost of $2.1m.
Perhaps at some stage we'll see another "Goodwill on bargain purchase" in the accounts - of $3.2m or so? Or maybe the capital will be released over time?|
|yes, if it carries on like this they will be back to what I paid for them soon.|
|Chart looks promising for first time since start of 2014.|
It's actually on the website:
The Part VII Transfer of the general insurance and general inwards reinsurance business of Guardian Assurance Limited to R&Q Insurance (Malta) Limited was sanctioned by the High Court of Justice on 1 September 2016 and became effective on the same day.
But not mentioned in the results, or any earlier RNS. Not big enough? Maybe an RNS in due course.
GI seems to be mostly property and casualty, but I've no idea of its size, and nobody else seems to have this news:
|R&Q seals Guardian Assurance Part VII transfer - HTTP://www.insuranceinsider.com/r-and-q-seals-guardian-assurance-part-vii-transfer
Randall & Quilter (R&Q) has completed a Part VII transfer of Guardian Assurance's UK P&C business to its Maltese operation, CFO Tom Booth has confirmed.
Speaking to The Insurance Insider following R&Q's first-half results, Booth said the scheme of arrangement, which went through the UK courts on Thursday (2 September), was the last step in bringing the book to finality.|
|Really interesting H1 results today:
With NAV per share of 98.1p and even higher profitability expected in H2, the question is, what premium can the share price command? I'd expect a bit of an uplift, anyway!
This caught my eye: "Goodwill on bargain purchase of £2.7m arising from three completed legacy acquisitions, mainly out of the Bermuda based M&A operation."
I was unfamiliar with the term, and it increases profits. In fact it turns out to be the same as negative goodwill, as explained clearly here:
And, usefully, a 3.4p payout suggesting a yield of 7% or more for the full year.|
|Jonwig. That's what brought me here. Regular capital repayments as opposed to income suit me very well(after that horrible recession and not a few losses!)|
|It's never been a 'leaky' stock, but the attraction of the regular payouts (call them dividends?) may have caught on. (Maybe stock screens won't highlight it because the dividend yield will show as zero.)|
|Wonder if someone is in the know or just rising in expectation of positive interims on Monday (5/9)? Volume has picked up a bit since mid Aug but nothing substantial so more likely the latter than the former?|
|I bought back in a smaller holding at the end of July when the price started to move up again. If the yield stays high I will be happy and if the share price doubles I wsill be delighted!|
|Considering the nature of their business, it's unlikely Brexit will figure hugely, though Lloyd's has expressed some concern at business levels.
More serious, I think, will be the absolutely pathetic investment returns. (2015 1.1%, 2014 2.5%, ... 2016 0.0%?)|
|Results on 5th Sept and, more to the point, no Brexit-related warning on trading.|
|seems to be holding up well so far|
my retirement fund
|I don't really feel we do - investment returns (govt bonds) have been lousy for years. Isn't that it, in spades from yesterday?
Will the EU ban any operations originating from Bermuda? That would scupper any chance of US/EU deals. Maybe they should say something, but initial market reaction is no real prompt. And we're only one day into a two-year plus process.|