R&q Insurance Share Discussion Threads

[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 08:42

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 08:42

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 08:17

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

[18bt] 19/10/2011 07:30

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

[speedsgh] 20/9/2011 11:08

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

[stemis] 09/9/2011 13:56

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 10:18

Thanks cestnous, albeit for Edison read Equity Development.

[hannahc] 09/9/2011 08:56

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 08:56

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 08:21

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

[colva] 24/8/2011 10:40

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 11:49

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 08:38

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 12:01

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 11:59

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 -