R&q Insurance Share Discussion Threads

[envirovision] 15/11/2010 09:06

Well i thought it would have been pretty simple to work out if they are making a payment and consolodating the shares at the same time theres no benifit.


Lets use my example, I had a holding with TD Waterhouse of 5861 shares at 92p per share. £5392.12 total.

The payment I had was £169.96

but I now have just 5673 shares worth £5219.16 (assuming 92p)

I have value wise £172.96 worth of shares less now, so I am infact worse off.

Infact dont forget that the shares they have stolen from me also had stamp duty paid and a proportion of dealing cost commisions, so infact its a little bit more than the £172.96 worse off....and i am not accounting for the fact the bid fell to 90.5p either.

Jeez, not only is this NOT a return of money, its not a dividend or payment of any sort, this is infact a NEGATIVE RETURN.

Now can you clarify your argument of any yield of any sort please? or am i a effing idiot.

[labatie] 15/11/2010 07:57

Envirovision

As far as I can see, the co declared a dividend of 7p last year and are anticipating a rise this year.

They paid an interim through the issue of B shares which shareholders could elect to receive either as income or as capital.

Can you clarify the basis of your argument of nil yield please?

[18bt] 11/11/2010 07:08

From Insurance Times:

Randall & Quilter launches MGA for UK SME

10 November, 2010

Former HSBC director James Wheddon to lead the MGA in the UK; Canada MGA also launched

Randall & Quilter (R&Q) is launching a UK managing general agency, headed up by a former HSBC Insurance Brokers director.

The MGA is called R&Q Commercial Risks Services Limited, and will underwrite commercial combined, liability, property owners and package insurance products to a selected brokers in London and the regions. Capacity is provided by a European insurer.

James Wheddon, who was previously responsible for the creation of the commercial division at HSBC Insurance Brokers Intermediary Marketing Practice, leads the MGA.

R&Q is also launching R&Q Risk Services Canada Limited, a commercial underwriter with capacity provided by three Lloyd's syndicates.

It will underwrite professional liability and management liability coverage, including companion commercial general liability, focusing on both individual accounts and schemes/programs.

R&Q Risk Services Canada is is headed up by Scott Saddington, who has worked in underwriting and management in Canada, the United States and Asia-Pacific, with AIG, Liberty International, Munich Re and Executive Risk.

[labatie] 08/11/2010 07:27

Encouraging news.

[18bt] 08/11/2010 07:18

Finally announcement of lloyd's turnkey capacity and new £60m syndicate. Will this move the shareprice??

[envirovision] 26/10/2010 11:05

I'm trying to work out that last corporate action. I was under the impression they paid a dividend here.

However at first sight it appears they paid out a few pence to me whilst taking away a few of my shares.

So in effect I got nothing....or am i missing something?

[red ninja] 12/10/2010 11:49

CQS CONVERTIBLE AND QUANTITATIVE STRATEGIES fund have around 7% of RQIH, but appear to be selling according to the recent RNSes. I wonder if they'll drop the price to sell more to PIs or attempt to sell to another fund....

[envirovision] 15/9/2010 15:18

and a bit of volume today for a change, could this be a turn around in the share price. I know there was a bit of an overhand from the end of July, but at this rate its going to be cleared soon. GLA.

[simon gordon] 15/9/2010 10:47

Small cluster of director buying, new acquisitions, fundie interest, decent yield.

[18bt] 13/9/2010 06:33

Acquisition this morning looks sensible: good price and complementary. Something needs to kick-start interest in these shares.

[envirovision] 06/9/2010 15:08

Interesting, CQS (UK) LLP have just taken out a CFD for over 4 million shares of 7% of the equity.

[wessie] 23/8/2010 10:01

Bought a few today, although spread is 90/92 got them for 90.45. probably answers the question about how the directors got them for 90p.

[topvest] 20/8/2010 19:35

B shares scheme is a bit odd+ an expensive way to do an interim dividend. No doubt driven by the tax position of major shareholders.

[chingman] 20/8/2010 14:53

New RQIH note -

[envirovision] 10/8/2010 08:19

I guess the overhang has got to clear first though.

[topvest] 09/8/2010 18:48

Very surprised that we only got 1p on the price from this announcement, particularly given the recent fall. Anyway this year seems to be going well which is encouraging.

[envirovision] 29/7/2010 10:39

on a forecast eps of 6.8 they do seem expensive still. The spread and liquidity looks dreadfull.

What was the nail in the coffin to make you sell Simon?

[simon gordon] 29/7/2010 10:06

I bought 10,000 of these in March as I thought they were on the turn, then found it almost impossible to sell them without a massive haircut, got out eventually at a loss.

[envirovision] 29/7/2010 09:22

Someone got shot of several million of them yesterday and for no more than 75p say no more.

[wcjan26] 29/7/2010 09:01

curse of the IC comic strikes again?

[envirovision] 05/7/2010 07:30

still on the watch list, ay see a rise due to the IC buying but wont be sucked into that.