Share Name Share Symbol Market Type Share ISIN Share Description
Randall & Quilter Investment Holdings Ltd LSE:RQIH London Ordinary Share BMG7371X1065 ORD 2P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -1.46% 168.50 5,408,009 16:35:18
Bid Price Offer Price High Price Low Price Open Price
165.00 172.00 171.00 165.00 171.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 30.18 13.60 12.4 462
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:06 O 1,270,000 170.00 GBX

Randall & Quilter Invest... (RQIH) Latest News (1)

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Randall & Quilter Invest... Investors    Randall & Quilter Invest... Takeover Rumours

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Date Time Title Posts
16/9/202113:31RANDALL AND QUILTER, Insurance Specialist1,028
03/1/201213:33Randall & Quilter - Portfolio Acquisition-
20/10/201108:42Randall & Quilter - Acquisition of Principle Insurance-
09/9/201108:56Randall & Quilter - In Fine Shape-

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Randall & Quilter Invest... (RQIH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-17 15:28:06170.001,270,0002,159,000.00O
2021-09-17 15:22:25170.402,0003,408.00O
2021-09-17 15:11:30165.007281,201.20AT
2021-09-17 15:11:14170.401,0001,704.00O
2021-09-17 15:04:51170.002,000,0003,400,000.00O
View all Randall & Quilter Invest... trades in real-time

Randall & Quilter Invest... (RQIH) Top Chat Posts

Randall & Quilter Invest... Daily Update: Randall & Quilter Investment Holdings Ltd is listed in the Nonlife Insurance sector of the London Stock Exchange with ticker RQIH. The last closing price for Randall & Quilter Invest... was 171p.
Randall & Quilter Investment Holdings Ltd has a 4 week average price of 157.50p and a 12 week average price of 157.50p.
The 1 year high share price is 191p while the 1 year low share price is currently 154.50p.
There are currently 274,055,927 shares in issue and the average daily traded volume is 3,143,340 shares. The market capitalisation of Randall & Quilter Investment Holdings Ltd is £461,784,237.
red ninja: Probably agreed sale at current market rate, thus not effecting market price.
petomi: Thanks Edmonda, most useful, and the price is perking up as well I think it would be good for them to get some stronger independent analyst coverage since 'paid for' research will always be looked at sceptically GLA
edmonda: Some sensible comments above , and it does look a well thought out move to address matters that may have deterred investors in the past / source capital differently. Updated research out today from Equity Development takes that view too, and keeps its 240p / share fair value assessment. Full note and audio summary freely accessible here: https://www.equitydevelopment.co.uk/research/transforming-revenue-visibility
petomi: The restructuring looks like a sound move but they really need to work on getting II and analyst interest to see a step change in the price. GLA
red ninja: William Spiegel (CEO) and Thomas Soloman (CFO) say concentrate on the Pre-Tax Operating Profit which it's true was -23.5 million this H1, but would have been break even if two deals signed, but not completed had been included in H1. Still disappointing I give you, but I do accept the legacy business is always lumpy. Still think the GibsonRe business is the way ahead, getting 3rd party capital involved and turning it into a recurring revenue business. It strikes me that the business had exactly the same problems with raising capital when Ken Randall was in the hot seat. Indeed RQIH (including Ken) been talking about involving 3rd party capital for quite a while so I presume the new GibsonRe is in line with Kens ideas. If the first GibsonRe is a success, then it should spawn GibsonRe1, GibsonRe2 etc etc Just listened to the Investor Meets Company presentation they seem pleased with how the Legacy and Program Management are shaping up.
jonwig: HY results: https://www.investegate.co.uk/randall---38--quilter-ld--rqih-/rns/results-for-the-half-year-ended-30-june-2021/202109060700067566K/ Is this (Gibson Re) as big a deal as it looks? They seem to be forecasting PBT of $90m from 2023, which would be eps of something like 20p/sh (or more - depends on tax position). And it reads as a confident prediction without the usual hedging around. Future dividend stream a lot higher as well.
edmonda: Lots of excellent commentary posted above on Program Management, and RQIH have made public an impressive 6 months for PM with Fee Income +135%. Ahead of interims in Sept Equity Development retais a 240p/share fair value. New research note is freely accessible here: https://www.equitydevelopment.co.uk/research/growth-momentum-is-gathering-pace
red ninja: Mmm, it's true that Programme Management is growing quickly, but RQIH has two main businesses Programme Management and Legacy Run Off. I believe Legacy Run Off is still the largest business in term of profits and capital employed although that may change in the years to come. In Legacy Run Off, they take over old insurance business and the related assets and they then process them to clear remaining claim, litigation issues at the end of the process there should be a net cash pile. Generally they are looking for around 15% return on legacy run off so they build that in to the price they pay for an old insurance business in run off. They may in the end make a little bit more or less than 15%. Legacy run off ties up cash which can be released when the run off is complete.
red ninja: Bricknell Insurance Holdings have cut their holding by 3.8341 % and the price has not crashed so looks like another big player has picked them up maybe in an agreed direct sale :- https://www.investegate.co.uk/randall---38--quilter-ld--rqih-/rns/notification-of-major-holdings/202107161714175747F/ Note, Bricknell Insurance Holdings is a vehicle of 777 Partners (777 Partners is a Miami based private investment firm that invests across a number of high growth attractive verticals with a strong focus on financial services). hxxps://www.777part.com/about-us/
speedsgh: Distribution of Annual Report & Accounts - HTTPS://www.investegate.co.uk/randall---38--quilter-ld--rqih-/rns/distribution-of-annual-report---accounts/202106291140184970D/ Direct link to RQIH 2020 annual report - HTTP://www.rqih.com/wp-content/uploads/2021/05/RQ-Annual-Report-2020.pdf
Randall & Quilter Invest... share price data is direct from the London Stock Exchange
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