Resources In Insurance Group Share Discussion Threads

[whereareallthemugpuntersyachts] 10/12/2013 10:27

LOL couldn't have happened to a nicer bunch of rampers

PMSL

[davidlloyd] 10/12/2013 10:27

No, indeed. All forward looking statements (and support provided) suggested that things were on the up, not that there was a major issue meeting HMRC dues.....

Very disapointed in yet another AIM debacle. With hindsight it really does 'appear' that the good bits of the business were packaged up and 'farmed out' - with only the dross left for long suffering shareholders.

Same old AIM it would seem.

DL

[soggy] 10/12/2013 08:34

well, that wasn't the Christmas present I was hoping for.

[loverat] 10/12/2013 07:53

Well, just shows you what can happen sometimes. A supposedly good improvement in trading and a company comes out with statement like that. I would have thought there were some grounds to conclude that previous statements have been misleading. As for the plan to safeguard the business, is this just another company with a pre-pack and/or individuals planning to grab the assets for themselves?

[cottoner] 01/12/2013 11:04

Loverat,

From last year's final results issued on Sept 30th 2013

'Based on current levels of contracted business, the Directors believe the opportunity to move to profit at the end of the current financial year can be achieved'

Since then 'third financial quarter is showing continued improvement Looking forward, the Group is continuing to secure new business to improve prospects for the full year to March 2014'.

So it sounds like a profit at the end of the current financial year will be achieved.

[loverat] 01/12/2013 08:24

Looks to me a very good improvement in turnover and further benefit to reflect in H2. For a MC of less than £1 million, this is looking very cheap.

One would hope that producing a profit will not be too far away.

[cottoner] 29/11/2013 21:45

As per today's results RIIG looks like its 'turning the corner' as previously intimated.

The improvement is due to the benefits of increased business from both existing and new clients beginning to impact on all aspects of performance. At the Annual General Meeting in October 2013 , the Board stated that the main financial benefit is expected to impact in the second half of the financial year and the Board is pleased to say that the third financial quarter is showing continued improvement Looking forward, the Group is continuing to secure new business to improve prospects for the full year to March 2014


A number of new business contracts in negotiation - taken from todays RNS.

' The Group's main products are considered to be robust and are anticipated to benefit from external factors such as further Ministry of Justice reforms and industry attitudes to the claims environment. Significant new business has not been factored into the financial projections, although there are a number of new business contracts in negotiation. Current market response and the conversion of potential customers have both been good.'

[davidlloyd] 29/11/2013 16:27

a post!
;-)

DL

[cottoner] 25/11/2013 16:03

And another post!

Results should be out this week as per AGM statement.

[eaglet] 09/11/2013 11:17

And now a trade... and a tick up!

[soggy] 28/10/2013 12:02

A post! Wow.... Thanks Cottoner!

[cottoner] 28/10/2013 10:39

AGM statement.

At the meeting Executive Chairman John French said that the performance of the Company during the financial year to date was showing an improvement in trading relative to the same period in the previous year as a result of the benefits of new business gains during the recent months. Indications are that the main financial benefit will impact on the second half of the financial year.



The company will announce full details of the Half Year Results for the six months ended 30 September 2013 during November.

[loverat] 08/10/2013 14:54

Another numpty trader - buys £160 worth of shares the other day and today sells for £123. It is actually fascinating watching the trades and wondering what the story is behind each one.

[cottoner] 03/10/2013 07:40

From todays RNS:

Commenting, Executive Chairman, John French said: "We are pleased at the positive progress being made in terms of recovery as a result of new business wins, and these are beginning to impact on the performance of the Group. As a result of these wins, we believe that there are opportunities in some areas of our business for both margin enhancement and cost savings, mainly due to economies of scale. I hope to be able to comment further at the forthcoming AGM scheduled for the 28th of October."

[loverat] 03/10/2013 07:07

Positive RNS in terms of funding to support improvements in trading. Good communication from the directors this term which bodes well.

[loverat] 30/9/2013 18:39

If the trades are as they seem the biggest plum of the day was the person who
bought 659,000 odd at 0.285 and sold later for 0.16p. Not the only idiot.

How many times do I have to tell folks. You cannot trade this stock on a contract unless it is company transforming.

[loverat] 30/9/2013 18:29

They will come good. But not when the stock is full of hopeless traders trying to trade this. They need to sweep away all the people dragging this down every time.

[davidlloyd] 30/9/2013 13:03

Not. One day these will come good Rodders :-/

DL

[treacle32] 30/9/2013 07:41

Should see good rise today.

[moreforus] 30/9/2013 07:09

Cunning double rns....

Resources In Insurance Group PLC Contract Win
Print
Alert
TIDMRIIG

RNS Number : 1597P

Resources In Insurance Group PLC

30 September 2013

30(th) September 2013

RESOURCES IN INSURANCE GROUP PLC

("RiIG", the "Group" or the "Company")

Contract Win Confirmed

Resources in Insurance Group plc (RiIG), a leading provider of Claims Management and Consultancy Solutions to the UK Insurance Profession, is pleased to announce, further to the announcement of 30 August 2013 that a contract had been secured, that the Company has signed a 3 year contract with a leading Professional Insurance Services organisation to provide recruitment and placement services. The recruitment division of RiIG - Absolute Professional Talent (APT) - was successful in winning a position on this highly prestigious recruitment Preferred Supplier List.

"We are extremely excited and pleased to be working with such a well - known name in the market and even more delighted for our Team at APT who have worked hard to create and deliver a quality led and claims focused proposition that is now reaping dividends" commented Gordon Vater CEO of RiIG "our model harnesses our technical claims capability, market knowledge and recruitment experience into a balanced recruitment proposition for external clients and internal divisions."

The Contract will see APT working closely with the client over the next 3 years. The business was won following a highly competitive tendering process and builds upon other recent contract wins.

John French Executive Chairman of RiIG said:

"APT was set up initially to retain the sourcing of key personnel within the Group to reduce recruitment costs -and to date has produced savings in excess of GBP190,000. Interest in this division from clients presented us with the opportunity to offer such services to existing and new clients. This contract represents a major step forward both, in terms of enhancing our reputation in the market having been secured in competition, but also, the important contribution it will make to ongoing turnover and profitability."

[cottoner] 28/9/2013 17:40

Results up to March 13 won't be good but prospects since then according to company updates have improved markedly. We'll see.

[treacle32] 28/9/2013 10:38

Results on Monday.

[treacle32] 22/9/2013 18:52

Results should be out this coming week - if that fails the following Monday.

[treacle32] 18/9/2013 21:11

These should treble from here imo looking at past spikes when the results & further details of this 'important contract from a leading name in the insurance sector' are announced. Should be known by end of the month I believe.

Missed this earlier:

18-Sep-13
11:51:50
0.264
938,490
Buy*
0.20
0.24
2,478
O