R&q Insurance Share Discussion Threads

[lord gnome] 25/4/2013 07:45

Here is the link to Phoenix Asset Management Partners, our new significant shareholder following the placing. Interesting to note that Ken Randall is also selling some of his shares to them conditional on regulatory approval.

[lord gnome] 25/4/2013 07:38

All these developments probably explain the erratic share price movements of late. The final results look good, with historic PE at approx 8.5 and the shares yielding 6.5%. I am not at all sure about the move to Bermuda which, I have always seen as a slightly dodgy place for financial services companies. The placing of new shares begs the question as to why they bought back shares in 2011 at a higher price than they are issuing new shares today! I suspect that I may know the answer to that one. Overall, as long as the business continues to grow and so do my dividends, I can't complain.

Like you, jonwig, I suspect that the share price may fall back temporarily, but the results are good and the future looks bright, so things should sort themselves out over the medium term. If they can't get a good return on the new capital, however, our earnings per share figure is going to be heavily diluted come next results.

[jonwig] 25/4/2013 07:24

Placing of ~20.1m shares at 120p (49.6m shares currently in issue) proposed.
Needs shareholder approval, of course.

A fall this morning is probably on the cards, though I doubt it will go to 120p.

Anyway, I may pick up some more as they are keen to get the business growing.
And they expect to maintain payout of 8.4p on the enlarged capital.

[red ninja] 10/4/2013 20:32

It has, but so has the market.

There are plenty of problems in the world.

I'm sure I'm like a lot of people I'm putting more money into shares because of fears of money devaluation through money printing.

Equities offer some protection against rampant inflation that central banks have been sowing the seeds of.

Still in here from the 90p days so this has had a good run for me....

[lord gnome] 10/4/2013 19:41

Back up we go. This share has certainly become more erratic of late.

[lord gnome] 05/4/2013 10:16

So they have Beaufort1. I thought all shares always went ex-div on a Wednesday, but this 'Return of Value' arrangement must play to a different set of rules.

[speedsgh] 05/4/2013 09:52

Will be interesting to see if the ex-div marks the end of the current strong uptrend in place since Jan. It sold off fairly heavily at the same time last year. I sold 50% of my holding recently at 143p so from a purely selfish point of view I would be more than happy for it to mimic what happened last year so I can add again.

[beaufort1] 05/4/2013 09:44

It has gone ex-div today, hence 5p drop

[lord gnome] 05/4/2013 09:42

Marked down again today on zero volume. We must have a seller in the background.

[this_is_me] 26/3/2013 12:12

You don't need to take his word for it; just look at the trades on advfn.

[red ninja] 25/3/2013 20:38

Can't see the second trade on iii, but I'll take your word for it as not all trades show on iii.

[lord gnome] 25/3/2013 19:45

Two trades for 100k very close together Red Ninja and at very similar prices. This makes me think that it was a single put-through, so no effect on prices one way or the other.

[red ninja] 25/3/2013 18:13

See there was a 100k sell near the end.

There may be a pull back tomorrow or is this some buying from a fund ?

[lord gnome] 25/3/2013 15:33

Yes - looking very strong on a day when most of the market is taking a bit of a tumble.

[this_is_me] 25/3/2013 15:28

Definate breakout today.

[speedsgh] 20/3/2013 09:55

Yes. As you say there is a history here of sharp spikes up which until now have not been sustained with spikes down following within a relatively short timeframe offering great topping up opportunities. There is always a temptation to try to trade the swings. However sods law dictates that the rise would stick this time if I tried this so I'm taking the safe approach. Very happy with my lot which are currently giving me a yield of 8.6%. Would be more than happy to add more on any significant weakness.

[this_is_me] 20/3/2013 08:58

The share price has a history of sharp swings but seems to be bouncing around in a trading range at present.

[lord gnome] 14/3/2013 11:16

Snap, this_is_me. My running yield on these is now 9.69%. Which is nice. I had hoped for more, but 5p will do this time around. I can't get too greedy.

[this_is_me] 14/3/2013 08:35

Even with the share price rise it is a good yield and still undervalued. I am getting close to 10% on my origonal buying price from about 3 years ago.

[jonwig] 14/3/2013 08:03

Return of capital again:



Amount 5.0p.

Last year was 4.9p (April) and 3.4p (November).

Results for year expected to be 'in-line' ... whatever that means as only one broker covers and is forecasting 8.67p total.
From memory, they always perdict 'in-line'.

[lord gnome] 12/3/2013 07:50

Looking strong again. I think we can look forward to a good run through to results next month. The Directors won't be dumping more shares for a while as we are now in the closed period. I expect a decent set of results, with an increased dividend, plus a positive outlook statement to see us up to around 150. Which would be nice.

[lord gnome] 14/2/2013 18:46

Looks like I was wrong in post 283. It only took 24 hours.

[lord gnome] 13/2/2013 15:23

10,000 shares sold by a non-executive director and the mkt cap of the coy plunges by 5%! I can only wish that I had that sort of influence over the market. It just goes to show how sensitive the market is to Director selling. The worst looks to be over and L2 is improving now (4v4 at 125/130). A couple of days and we'll make up today's fall.

[adam] 11/2/2013 11:50

yes, quite respectable and increasing too.

However, where were these people when it was 90p?

I also sold out now but don't see a spike down. Can see it range trading 120-140. I also sold on the previous spike and was pleasantly surprised to get a second bite at the cherry. A third seems unlikely!