R&q Insurance Share Discussion Threads

[stemis] 09/9/2011 12:56

Dividend paid in 2010 was 7.35p, up 5% as per their guidance.

All things being equal the dividend for 2011 should be 7.72p (up 5% again).

The interim distribution was up from 2.9p to 3.2p; as they say "a 10% increase in per share return and distribution for the period to 3.2p per share, significantly above the 5% p.a. commitment.".

They also say the 7.0p is now rebased to 7.4p; so 5% increases in that would make the 2011 dividend 8.16p. That's an increase of 11% on 2010; in line with the itnerim increase. That's what Equity Development are forecasting and it seems to make sense.

[levr] 09/9/2011 09:18

Thanks cestnous, albeit for Edison read Equity Development.

[hannahc] 09/9/2011 07:56

Please click on the link below to access our latest research note on Randall & Quilter:



Kind Regards,

The Equity Development Team

[hannahc] 09/9/2011 07:56

Please click on the link below to access our latest research note on Randall & Quilter:



Kind Regards,

The Equity Development Team

[cestnous] 09/9/2011 07:21

Great Edison write up today. Short term target 160, yield @ the moment 8% rising to 8.4 next year.

[colva] 24/8/2011 09:40

Just noticed RQIH , it was flagged up due to the share buyback .
With the yeild at 7% it seems clear that either the share price is well short of fair value or the divi is unsustainable . Management clearly think the share price is too low hence the buyback.

[alter ego] 10/8/2011 10:49

RQIH have been taking advantage of the recent drop in the share price to buy back more shares - 366k since 1st Aug. Couldn't resist joining them this morning with a top up at 107p for 7.2% yield

[ganthorpe] 11/7/2011 07:38

Following my previous note (duplicated -Sorry) it looks like the dealer has upped his bid price to 130p , so presumably R %Q have recognised that they need to do this to get a better flow of shares.
At least it puts another "floor" under the shares whilst buybacks continue.
GAN

[ganthorpe] 09/7/2011 11:01

So far over 4 million shares have been bought back , mostly at 124P. They have authority to buy back 5.3 million but the rate has slowed dramatically and currently only 5/10000 a day are being bought in.It looks like they will struggle to get very many more unless they up the buy in price.
Still it is great for existing shareholders as it uses up cash earning peanuts on the short term bond market and will increase EPS and reduce dividend cost with 8% of shares already cancelled.
However the wide spread on the shares deters PIs from buying , while it looks like bought in shares are bought back at or close to the bid price.I am not sure that this represents "best execution" under LSE rules .
A strong buy , but not at 130P while they are being bought in at 125P?
GAN -

[ganthorpe] 09/7/2011 10:59

So far over 4 million shares have been bought back , mostly at 124P. They have authority to buy back 5.3 million but the rate has slowed dramatically and currently only 5/10000 a day are being bought in.It looks like they will struggle to get very many more unless they up the buy in price.
Still it is great for existing shareholders as it uses up cash earning peanuts on the short term bond market and will increase EPS and reduce dividend cost with 8% of shares already cancelled.
However the wide spread on the shares deters PIs from buying , while it looks like bought in shares are bought back at or close to the bid price.I am not sure that this represents "best execution" under LSE rules .
A strong buy , but not at 130P while they are being bought in at 125P?
GAN -

[18bt] 24/6/2011 07:00

First small share buy back - should put a floor under the price at c115p

[18bt] 23/6/2011 17:48

Still a little further to go to get to fair value IMHO

[seekingvalue] 23/6/2011 09:03

This was a Bargain Portfolio tip in the IC back in February and has been my best performer. At the time it still had a book value of 146p, it causes me no sleepless nights and the dividends are good.

[a0148009] 23/6/2011 08:03

Chart indicating strength, positive AGM Statement plus announcement of intended share buy back lends strong support, yield 6.5%.

AO

[lord gnome] 13/5/2011 06:46

The Lehman overhang is dominating the share price. Unless and until the brokers find a new home for the Lehman holding with a friendly institution, the price won't make much progress. As I am here for the divi, I don't really mind.
Today's announcement re litigation is good news as it removes a potential negative for any institution that may be thinking of buying-in. In which case it will help the brokers to sell the stock.
This is a good safe hold, and one that doesn't cause me any sleepless nights.

[18bt] 13/5/2011 06:29

See that the Lehman stake was reduced to below 3% yesterday, so we won't get any more announcements of disposals. However, this must still be an overhang on the stock. A good time to pick up some more for anyone interested in this share IMHO.

[18bt] 13/5/2011 06:23

Litigation settled: obviously good news, but not clear whether there will be any beneficial P&L effect other than the settlement. ANyone know whether they were accruing or expensing the costs?

[red ninja] 03/5/2011 11:41

Undiluted NAV given in report as £1.44 so there should be room for more capital appreciation.

[18bt] 03/5/2011 08:43

A few trades in this today. Just bought £6k @111.

[topvest] 28/4/2011 10:03

Good results - happy to hold these. Very capable management team with lots of experience and a cutting edge.

[brownie69] 28/4/2011 08:55

Also a happy income buyer.

Though the share price might have ticked up a little though on the back of these excellent results.

[lord gnome] 28/4/2011 07:20

Agree 18BT. I bought these for income - which looks assured on these figures and the outlook. Set fair for some substantial capital growth as well - assuming the forced sellers can be cleared. Happy to hold long term.

[18bt] 28/4/2011 07:04

Positive results today and a good prospects statement. Looks like they are genuine back on course after the issues in 2009.

[brownie69] 26/4/2011 09:57

I think the answer depends on your tax position.