Share Name Share Symbol Market Type Share ISIN Share Description
Randall&Quilter LSE:RQIH London Ordinary Share BMG7371X1065 ORD 2P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 147.50p 145.00p 150.00p 147.50p 147.50p 147.50p 0 07:55:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 0.0 8.5 11.7 12.6 129.33

Randall & Quilter Share Discussion Threads

Showing 551 to 575 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
09/9/2017
12:04
I held Burford and Juridica almost from the start, but sold JIL after its first setback. BUR's business model has evolved a lot and it's unlikely to have major bumps.
jonwig
09/9/2017
11:24
Which litigation funder are you in?
stemis
08/9/2017
16:39
True - plus cat insurance (which isn't doing much for me at the mo!) and litigation funding (which is).
jonwig
08/9/2017
15:56
I think the last bit is the key. You could say that a lot of businesses have nothing to do with equity values; engineering, mining, retail. When I think of non correlated I think of stuff like Alternative Asset Opps which held traded life insurance policies. As people died the policies paid and cash was distributed to shareholders. It really didn't matter what the stock market did, the return was just a function of mortality...
stemis
08/9/2017
14:48
Yes, to the extent that the insurance run-off business has nothing to do with equity values (has it?) although the company does invest its cash in 'securities' which I assume in this case are short-dated govt bonds and therefore low volatility, low return. That's not the same as saying that the share price is uncorrelated of course! When folks sell stuff, they can be pretty indiscriminate.
jonwig
08/9/2017
13:42
Is it uncorrelated?
stemis
08/9/2017
13:11
Stemis - Thanks for response. Is the lack of correlation with equity markets a plus factor? I'd think so at this point.
jonwig
08/9/2017
13:03
No, I think they are all part of the income statement. I can't see any movement in equity that would correspond to reserves release. I agree with you that profit is lumpy and it's hard always to see how they are making it. Similarly I was/am happy to trust management to just get on with it. I guess it just comes down to valuation. NAV cover and yield are key ratios and I feel historically these are now at low levels and I can't see much in the figures that suggests that gap is going to be closed any time soon. So for me the risk to the share price is disproportionately on the downside. If the shares were 100p or even 120p I would feel different...but they aren't.
stemis
08/9/2017
12:14
Stemis - I've only just seen the results (away for a week and offline), but I'm a bit puzzled by your reaction to the H1. You were always a big advocate of "accounts too complex so trust them to get on with it" and generally I'd agree. But isn't reserves release always a big factor in their performance? This half, it's 5.7p. From what I see these aren't part of the income statement but are capital which can be returned rather than kept for regulatory purposes. And goodwill on bargain purchase is one of their chief sources of income. Positive cashflow of £22m might be significant. And, of course, speedsgh's NAV analysis shows where the distributions can come from. It's not really from "profit" as I see it.
jonwig
05/9/2017
14:51
Anyone seen any forecasts for shareholder distributions in the current FY? The 2017 interim distribution (3.50p) has been increased for the first time since 2012 (3.40p). Full yr distributions also returned to growth in 2016 (8.60p) for the first time since 2012 (8.40p). interim (rtn of capital) - 3.50p/share (paid Oct 17) ---------------------------------------------------------------- TOTAL FY 2016 - 8.60p final (rtn of capital) - 5.20p/share (paid Jun 17) interim (rtn of capital) - 3.40p/share (paid Nov 16) ---------------------------------------------------------------- TOTAL FY 2015 - 8.40p final (rtn of capital) - 5.00p/share (paid Jun 16) interim (rtn of capital) - 3.40p/share (paid Nov 15) ---------------------------------------------------------------- TOTAL FY 2014 - 8.40p final (rtn of capital) - 5.00p/share (paid Aug 15) interim (rtn of capital) - 3.40p/share (paid Oct 14) ---------------------------------------------------------------- TOTAL FY 2013 - 8.40p final (rtn of capital) - 5.00p/share (paid Jun 14) interim (rtn of capital) - 3.40p/share (paid Nov 13) ---------------------------------------------------------------- TOTAL FY 2012 - 8.40p final (rtn of capital) - 5.00p/share (paid Jun 13) interim (rtn of capital) - 3.40p/share (paid Nov 12) ---------------------------------------------------------------- TOTAL FY 2011 - 8.10p final (rtn of capital) - 4.90p/share (paid Jun 12) interim (rtn of capital) - 3.20p/share (paid Oct 11)
speedsgh
05/9/2017
14:40
Recent history of Net Tangible Assets per share (NTAV): 31/12/2010 95.9p 30/6/2011 105.9p 31/12/2011 107.3p 30/6/2012 106.7p 31/12/2012 116.7p 30/6/2013 119.0p 31/12/2013 116.4p 30/6/2014 109.4p 31/12/2014 88.2p 30/6/2015 84.3p 31/12/2015 83.7p 30/6/2016 81.8p 31/12/2016 85.1p 30/6/2017 88.6p Book value per share ex goodwill (only reported since 30/6/15): 30/6/2015 94.1p 31/12/2015 98.5p 30/6/2016 98.1p 31/12/2016 107.4p 30/6/2017 106.5p
speedsgh
05/9/2017
13:24
Thanks SteMIS. Considering buying but results look too go to be true. I'll wait.
petewy
04/9/2017
17:15
That's me out. Maybe I'm missing something but, despite all the bullish narrative, the profit in H1 arose solely because the company booked negative goodwill gained on a bargain purchase to P&L,. Without that the company would have made a loss. There's absolutely no analysis of the number so I don't know what acquisition it relates to. RQIH is a good business and I hope I'll own shares in it in the future but I think the share price has got ahead of itself. NAV is 106.5p and tNAV 88.6p. 147p is a chunky premium and yield is now just under 6%.
stemis
04/9/2017
08:28
Yes, this looks to be a decent set of numbers to my untrained eye. Certainly won't do the share price any harm.
lord gnome
04/9/2017
07:35
Excellent results. Everything going well and long term prospects are improving.
this_is_me
29/6/2017
13:35
Around 5.7% of the company, and the share price hasn't missed a beat. Clearly they've been absorbed easily. EDIT: another large trade just gone through.
jonwig
29/6/2017
11:32
A couple of large sells by Mr Randall & Mr Quilter... PDMR Share Dealings - HTTP://www.investegate.co.uk/randall---quilter-ld/rns/pdmr-share-dealings/201706291121565842J/ Kenneth Randall sold 3,631,012 @ 147p = £5.3m Alan Quilter sold 1,400,000 @ 147p = £2.05m
speedsgh
27/6/2017
08:27
Fenners,I,m not happy with my reply ... the second bit anyway!
jonwig
27/6/2017
08:18
Clearly you are fenners66. The managing agency was in the books for a mere £1.3 millions (without checking) and they sold it at a profit of over £12 millions. Book value doesn't always tell the full story. Buy this stock and you are buying a steady income stream. Edit: I assumed that you are referring to RQIH. Were you referring to the disposal? In which case I suggest that the value was in the fact that it gave the purchaser access to Lloyds marketplace.
lord gnome
27/6/2017
06:51
I suspect 'book value' of assets is a problematic area for IFRS, which doesn't seem to allow valuation of professional expertise. And the 'incentive payments' (I guess about £3.5m) will essentially belong to the managing agency. Look at the capacity of the syndicates under management.
jonwig
26/6/2017
20:47
Seems a very high price for very little assets and pro-forma profitability. Are we missing something here?
fenners66
23/6/2017
09:00
I think the reason for the disposals is called " getting back to your knitting". The Lloyds syndicate seems to have underperformed since they started it. Maybe Synergy was sold because there wasn't any. Bought back in
ganthorpe
23/6/2017
08:32
Looks to be a good deal at a good price. Hopefully the share price can begin to climb again. It has sold off recently for no real reason that I can fathom.
lord gnome
23/6/2017
07:09
Sale of Lloyds Managing Agency: Http://www.investegate.co.uk/randall---38--quilter-ld--rqih-/rns/r-q-to-sell-lloyd-s-managing-agency/201706230700089493I/ Profit of £12.6m on book value of £1.3m adds over 14p to the net assets per share ... I think! This ought to do something for the share price this morning.
jonwig
12/5/2017
08:26
By finessing the reinsurance market, they lock in a profitable turn on the business with no risk.
wjccghcc
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