R&q Insurance Share Discussion Threads

[jonwig] 30/4/2018 19:20

IC don't often cover RQIH, but today they say 'buy' with the conclusion:

Randall & Quilter has a strong pipeline of new business and offers an attractive dividend. Overheads are falling after the disposals and more written premiums will boost income. Buy.

They also give Numis' estimates:

Analysts at Numis are forecasting adjusted pre-tax profits for the year to December 2018 of £19.9m and EPS of 13.4p (from £23.5m and 25.4p in 2017).

(Actually the above figures for 2017 are basic, not adjusted!)

[speedsgh] 30/4/2018 16:13

Pleasing looking results. Numis are house broker so TP 195p is perhaps bound to be on the bullish side?

[jonwig] 30/4/2018 13:55

Numis reiterates 'strong buy' tp 195p. Can't find more.

[lord gnome] 30/4/2018 07:19

Evidently the market likes the results. Buyers paying over the odds to buy in any sort of size.

[lord gnome] 30/4/2018 06:49

Yes, decent enough. Strip out the one-off gain from the sale of the Lloyds agency and profits were up by around 15% which, is not to be sniffed at. EPS from the continuing business comes in at around 12.65p which is a rise of just 8%. Outlook statement is positive, but I think the Numis target looks optimistic in the short term - but I could be wrong.

[jonwig] 30/4/2018 06:49

Looks pretty good, even without the exceptional item.

And a Brexit bonus, even? "As a Group we have always seized upon opportunities which inevitably come from market turbulence and this is certainly true today as we witness major upheavals in the global insurance industry - especially those arising out of the challenges posed by Brexit and the emergence of new technologies.

[this_is_me] 30/4/2018 06:43

Better than decent since I bought back in at less than £1 a couple of years ago and the dividend is good.

I might be tempted to add some more shares in this well run company if there is a 'sell on the news' this morning.

[jonwig] 29/4/2018 19:36

Ahead of tomorrow's results, the only broker covering us is (I think) Numis with a target price of 195p on 05/02/18.

[speedsgh] 19/3/2018 09:20

Notice of Results -

Randall & Quilter Investment Holdings Ltd. ("R&Q") announces that it expects to publish its results for the year ended 31 December 2017 on the 30 April 2018.

[lord gnome] 18/3/2018 13:06

Given that column's recent record, it is no recommendation. Even so, BearBull is bound to get one right eventually.

[sogoesit] 17/3/2018 10:30

Chronic Investor’s Bearbull has it as a buy for its Income Portfolio this week.

[red ninja] 05/3/2018 12:39

Mmm, current trade volume shows 54k.
I wonder if they have been tipped in some publication or other.

[lord gnome] 05/3/2018 08:49

Being moved up strongly on no printed trades this morning. Either big trades not printed yet, or the market has a reason for the move that us mere mortals will discover later today.

[speedsgh] 05/2/2018 13:35

AM Best Rating Announcement -

Broker Forecast: Numis issues a broker note on Randall & Quilter Investment Holdings PLC -

Numis today reaffirms its buy investment rating on Randall & Quilter Investment Holdings PLC (LON:RQIH) and set its price target at 195p.

[lord gnome] 08/1/2018 09:04

Tom Booth has been dumped then. I wonder what he did to deserve that? The saving on his salary must for pay a lot of the pay rises and promotions.

[jonwig] 08/1/2018 07:14

List of senior management changes contains a trading statement:

R&Q continues to make excellent progress. The simplification of the Group is proceeding well, most recently with the completion of the disposal of our Lloyd's Managing Agency to Coverys. Further disposals are expected to be agreed and announced shortly.

The pipeline of new business opportunities remains strong, particularly in the high growth areas of insurance legacy and programme business, which is mostly reinsured to high quality insurance carriers.

The Group has also made good progress with deployment of the cash raised in the recent funding round.

[alter ego] 02/1/2018 08:15

perhaps it's small in £s if not in % - I too was surprised by the choice of adjective

[jonwig] 02/1/2018 07:34

Acquisition:

The agreed purchase price is £1.5m and represents a small discount to Constantia's pro-forma net assets of £3.4m.

Is this a whole new meaning to the word "small"?

[ganthorpe] 07/11/2017 10:30

On one holding I got 82% of what I applied for , on another I only got 71%.
It seems to vary when holdings are in nominee name , depending on what the other nominees do.
The 82% quoted above was in Alliance ISA and I have found that I always get a higher excess allocation there as many other holders don't bother to apply at all.The more on the ball the broker is , the lower the allocation it seems.
GAN

[speedsgh] 06/11/2017 13:59

Would appear my excess application has been scaled back to just under 79% of those applied for. Awaiting written confirmation.

[lord gnome] 31/10/2017 17:59

Looks like a few who have had notice of their allocation have already sold in the market for a quick buck. Doesn't take much to move the share price.

[hugodscott] 31/10/2017 10:03

For those who are interested in the allocation / scaleback of the Open Offer, I have had just had this from R&Q:

"The excess shares were oversubscribed and were subject to a scaleback to approximately 70% of the excess shares applied for. For details of your allocation you would need to contact Computershare or your broker."

[speedsgh] 30/10/2017 15:28

Result of GM & Open Offer announced. Expecting excess applications to be scaled back...

Result of General Meeting and Open Offer -

...The resolutions set out in the notice convening the General Meeting have been duly passed.

The Company also announces that under the open offer of new ordinary shares ("Open Offer"), it received valid applications from Qualifying Shareholders (as defined in the circular posted on 6 October 2017 (the "Circular")) in respect of an aggregate of 3,309,117 new ordinary shares, being the maximum amount available under the Open Offer...

[red ninja] 26/10/2017 11:28

Mmm I applied for more than my allocation, but can't see that I'll get too many more as I believe the extra shares will be scaled down.