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Randall & Quilter Share Discussion Threads
Showing 476 to 500 of 500 messages
|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.|
|Mm, Brexit has done us no failures. We could do with a company statement on /brexit effect on company ....
|Someone has faith:
Phoenix Asset Management rises to 10,125,117 shares (14.05%).
Whatever the operational successes, investment returns must be awful!|
|Appears to have broken out of downtrend in place since Q1 2014 which has seen a halving of the share price.|
|HY - Well done & a great relief I'm sure - they've looked a bit of a basket case for quite some time!|
|very,very pleased with this.|
|Whew! Corner turned? 8.4p pa for the forseeable.
2016 should see a continuation of the Group's return to profitability, though with the usual bias towards the second half of the year. It is expected that book value will increase modestly during the year even after strong cash distributions to shareholders, which will be maintained at current levels, absent unforeseen circumstances.
We look forward to 2016 and beyond with confidence, having delivered a significant improvement in the financial performance of the Group during the second half of 2015 and through a renewed focus on those core areas of the Group with the greatest growth potential.|