R&q Insurance Share Discussion Threads

[jonwig] 03/6/2014 06:26

Oops - sorry, I too my specs off to clean them.

But I think that's where the RNS yesterday comes from.

I'm editing out my post #387, but you take my point about Phoenix?

[adam] 03/6/2014 06:23

jonwig,

Situation previous to the triggering transaction : 8,333,333
Resulting situation after the triggering transaction : 8,833,333

I make that a purchase of 500k

I think because an "8" looks so much like a "3" it is easy to miss.

[jonwig] 03/6/2014 06:20

EDIT: incorrect info - age-related.

[adam] 03/6/2014 05:54

Phoneix bought 500k bringing them to 12.3%

[coolen] 29/5/2014 18:18

LG, yes I too read it as a seller of 500/- and related buyers of 230/- x 2 and a 40/-.

Marked at the bottom end of the quote, so probably instigated by seller, which could be bearish.

Given similar trades totalling 400/- in recent days, JonWig is probably correct in predicting a "substantial shareholder" RNS shortly.

[adam] 29/5/2014 17:14

would have been a put through as clearly not particularly market price sensitive. no way would you be able to sell 1m shares to the market and only drop the price tuppence.

also have a look at phoenix PHNX. They are in closed run-off insurance too.

[lord gnome] 29/5/2014 16:19

I hope you are right jonwig, but I read it as a breakup of 1 million sold. Surely a 'put through' would not have moved the price at all?

[jonwig] 29/5/2014 14:59

Lord G - probably not!

I read three separate trades at the same price reported at different times from 12:21.
More likely a transfer between related parties at an agreed price - since it's 1.3% of the equity we might get a report.

A 'dump' of that many shares would have meant a bigger drop, three hours earlier or more!

[lord gnome] 29/5/2014 14:40

Tick down today. We have a big seller. Somebody has just dumped 1 million shares at 145p.

[dangersimpson2] 30/4/2014 23:12

I think there is usually a slight advantage to the company if you opt for the income option if you are tax neutral due to isa or sipp since it doesn't reduce the share premium account so I usually opt for that in such cases.

[chector177] 30/4/2014 21:15

Thanks dividend will get paid into my ISA and SIPP so no tax to pay. Just have to decide if thats what I want. Thanks for your help

[rik shaw] 30/4/2014 20:17

Looks like if you want a return of capital then chose P shares but if you want money paid as a dividend then chose Q shares. Potential tax advantages either way depending on your circumstance.

[topvest] 30/4/2014 20:13

Depends whether you want a capital gain (P shares) or dividend income subject to income tax (Q shares). Depends on your tax position, but generally if you are a higher rate tax payer then P shares are good and even better if you don't use your annual exempt amount.

[chector177] 30/4/2014 20:01

Can anyone explain to me the difference in Q and P shares in plain English? Thanks

[lord gnome] 01/4/2014 15:43

Looks like you were spot on speedsgh. We now seem to have a double bottom in place and hopefully we will pull away from here. Still having to wait until the new tax year before I can do anything.

[speedsgh] 06/3/2014 14:13

Looks like possible support around 137.5p from floor of rising trend which commenced Q2 2012.

[jonwig] 06/3/2014 09:35

Well, in hindsight, 180p was too high.
140p might be a reasonable buy, 125p even more so.

[lord gnome] 06/3/2014 09:10

Still heading south. I am locked in by CGT issues until the new tax year. In hindsight it would have been better to sell out higher up and take the tax hit - but I hate paying tax! I am not selling out down at these levels and will look to add once this bottoms out. Long term, these look ok and the yield is now becoming attractive again.

This post reads as though I am trying to convince myself. Any other thoughts?

[red ninja] 28/2/2014 14:25

Management expects results to be in line with expectations so not quite a profit warning, but use of "challenging" and "trending lower" suggest the risk is to the downside rather that a chance of exceeding expections....

[jonwig] 28/2/2014 08:27

Expectations of this stock must have been so high that even mention of the word "challenging" sends them in a tizz.

Some will read this as a profit warning, I wouldn't quite go that far!

[ltinvestor] 10/2/2014 14:56

He suggested selling Thorntons a couple of months ago.Now at a high!!I make my investment decisions on news and not tipsters.LT

[jonwig] 10/2/2014 12:43

Would have been worthwhile selling on Friday, knowing that many armchair readers wouldn't move until today.
Opportunity knocked - I'm getting slow in my old age!

[lord gnome] 10/2/2014 12:26

Certainly looks that way. No fundamental reason for selling. The company isn't going bust. Normal service will be resumed in due course. This would be a good entry point for anyone looking for a safe, high yield investment.

[speedsgh] 10/2/2014 09:54

going by this morning's fall the lemmings have obviously been reading the IC article over the weekend.