R&q Insurance Share Discussion Threads

[red ninja] 10/2/2012 16:18

What did the review say ?

[18bt] 10/2/2012 16:11

IC Review of 2011 Bargain Portfolio?

[lord gnome] 10/2/2012 12:43

Signs of life today?

[lord gnome] 26/1/2012 21:21

Old news 18BT. It was announced last September. Today was the completion date.

[18bt] 26/1/2012 18:21

Surprised no reaction here to Tawa's acquisition of Whittington

[jonwig] 26/1/2012 10:32

Thanks - never saw the thread. Will add it to Favs.

Incidentally, B P Marsh [BPM] came to notice this week on an article in IC. They hold a stake in RQIH but some more interesting insurance assets such as Hyperion.

[stemis] 26/1/2012 09:39

I started a thread on TMF about 4 months ago



Price has fallen back a little since then and they've made a few acquisitions

19 Oct - Principle (a run off of the Takaful motor insurance business) for £4.34m
1 Dec - Synergy (HNW managing general agent) for an undisclosed amount (i.e. not a lot)
23 Dec - Yatch and Marine Trades Portfolio for a nominal consideration

All good bolt on stuff.

[jonwig] 26/1/2012 09:07

"That will do for me."

Me too, I think. Those are the same criteria as mine. Thanks.

[lord gnome] 26/1/2012 08:44

Hi jonwig. I hold these in my high yield portfolio that helps to supplement my pension. I bought in at 91p in Dec 2010 so although they haven't done much capital-wise, I have collected my dividends. The NAV is around 145 if memory serves, so they are well-padded. I missed a glorious opportunity to trade these when they shot up to 130 during a share buy-back period, but other than that I reckon this is a stock where you sit back and collect an ever-increasing dividend. That will do for me.

[jonwig] 26/1/2012 08:38

Lord G - interesting what stock screens throw up!

There are serious issues with some of these companies - PSPI, GVC and possibly NARS, CNKS which the article does caution about. Of the four, NARS is the only one I'd look twice at.

Are there any issues with RQIH? I haven't found any, though actually understanding what they do might put some off. And they don't actually seem to pay a dividend - it's a different balance sheet exercise. They've certainly got the distributable reserves to pay a plain old divi.

Of course, I'm fishing for views here ... whether to invest in RQIH or not.

[lord gnome] 26/1/2012 07:53

Someone likes our shares.

[lord gnome] 25/1/2012 13:35

Now that would be a big acquisition, but I doubt RQIH have the clout to take it on. Sounds like a bit of wishful thinking to me. A contested bid would be rather nice though as I hold CTR - well under the water at the current price.

[hannahc] 03/1/2012 13:34

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



Regards,

The Equity Development Team

[hannahc] 03/1/2012 13:33

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



Regards,

The Equity Development Team

[18bt] 23/12/2011 08:46

Limited downside by operating as an MGA. I thought the reference to "high quality book" implies some profitability. I'm not sure that the market is going to know what to make of this hybrid run-off/MGA thing - can they get real scaloe in either? Still in the short term if it makes money ...

[lord gnome] 23/12/2011 08:06

Another MGA acquisition. As you say 18BT, RQIH is becoming a hybrid. This one appears to have been bought for a song. No figures for profitability given or whether it will be earnings enhancing. That leads me to doubt that the business could have been very profitable. Ken Randall has a reputation for being a shrewd cookie, so I hope he knows what he is doing with this one

[18bt] 23/12/2011 08:02

Another nice MGA deal announced this morning, seemingly bringing £16m GWP for no consideration.

[stemis] 01/12/2011 13:38

Interestingly no price mentioned.

[18bt] 01/12/2011 07:10

Interesting acquisition this morning. Adding to the insurance services division. This is increasingly a hybrid between a run-off company and an MGA - not sure the market knows how to value that. See:

[lord gnome] 15/11/2011 09:56

Back to 90p before too long?

[hannahc] 20/10/2011 07:42

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



Regards,

The Equity Development Team

[hannahc] 20/10/2011 07:42

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



Regards,

The Equity Development Team

[lord gnome] 19/10/2011 07:17

Yes - exactly the sort of acquisition that you would expect them to make.

[18bt] 19/10/2011 06:30

New acquisition - nothing sensational, but keeps the hopper topped up

[speedsgh] 20/9/2011 10:08

Has anyone found a copy of the circular on the website yet? I can't. if anyone has, would appreciate if you would post a link.

From rns on 14/9/11... "Copies of this announcement are, and copies of the circular to Shareholders in relation to the Return of Value and proposals regarding electronic and web communications will be, available on the Company's website at www.rqih.com."

TIA