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
  0.00 0.0% 184.50 18,458 08:00:00
Bid Price Offer Price High Price Low Price Open Price
182.00 187.00 184.50 184.50 184.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonlife Insurance 40.13 21.40 8.6 414
Last Trade Time Trade Type Trade Size Trade Price Currency
15:57:59 O 266 185.40 GBX

Randall & Quilter Invest... (RQIH) Latest News (3)

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

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Date Time Title Posts
21/1/202119:00RANDALL AND QUILTER, Insurance Specialist947
03/1/201213:33Randall & Quilter - Portfolio Acquisition-
20/10/201107:42Randall & Quilter - Acquisition of Principle Insurance-
09/9/201107:56Randall & 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
2021-01-22 15:57:59185.40266493.16O
2021-01-22 15:17:08185.409101,687.14O
2021-01-22 15:03:03183.002,8835,275.89O
2021-01-22 15:02:47182.002,8995,276.18O
2021-01-22 13:16:59185.402,6924,990.97O
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 184.50p.
Randall & Quilter Investment Holdings Ltd has a 4 week average price of 173.50p and a 12 week average price of 161p.
The 1 year high share price is 187p while the 1 year low share price is currently 112.50p.
There are currently 224,283,759 shares in issue and the average daily traded volume is 148,399 shares. The market capitalisation of Randall & Quilter Investment Holdings Ltd is £413,803,535.36.
this_is_me: The share price has shown positive momentum since the bottom of the virus crash.
red ninja: I didn't realise the Slater Funds(Slater Recovery and Income), which I believe are well thought of, had holdings in RQIH :- hxxps:// hxxps://
red ninja: No they have disclosed figures before eg the big Global RE aquisition :- Another example :-
jonwig: True. I was thinking about the potential overhang and share price weakness.
lord gnome: Ahh. So there we have it. Placing that could explain recent price weakness. Overhang now gone so holders can look forward to recovery to new highs. Sorry to haunt the thread after I've gone, but I have bought, sold and re-bought RQIH several times previously, very profitably. GLA
red ninja: Lord Gnome, Good luck with your other interests. Don't blame you for selling. However, not convinced there is skulduggery at RQIH. William Spiegel was highly recommended :- "William has 30 years of private equity experience and has been a leading financial services growth investor since 2001. A significant part of his experience has been in building and growing insurance companies in both the U.S. and the U.K. He has, through his work in private equity, been a founding investor and/or board member of many successful insurance companies including Catlin Group, Clear Blue Insurance Group, Essent Group, Fidelis Insurance, Global Atlantic Financial Group, Lancashire Group, Montpelier Re, Narraganset Bay Insurance and Third Point Reinsurance." He has been well re-imbursed ie over 5 million RQIH shares which vest over 3 years on certain performance points plus his salary so hopefully he will continue his success record at RQIH. Other newly appointed management figures also seem to have good records and have been similarly incentivized hopefully it will all pay off.
jonwig: Red - well I wasn't taking part in the criminal bit! 🙂 Only today, A M Best gave their main business an A- rating. (That's solvency-based, not debt.) So you'd think they could borrow a bit better. So maybe what I mentioned with the last results was a factor, even though no analysts have raised it. That's the increase in Insurance contract provisions to £1.40m from £1.07m in December and £0.94m last June. It hasn't been explained. I think Lord G was also referring to the April Brickell shareholding at a 7% discount to the then share price.
red ninja: Speedsgh, I believe you misunderstand the interplay here. I am not arguing the rate is not high we can all see that and I am not arguing the rate does not relate to perceived risk However, the interplay between Lord Gnome, Jonwig and My Retirement Fund below implied that RQIH was paying more interest than it should be and also appeared to imply dishonesty within the management. Thus I asked well what should RQIH be paying for a company in it's risk band (presumed to be medium). Can you answer that question ? " jonwig 4 Dec '20 - 07:21 - 908 of 918 0 0 0 Issued $107.75m of 13-yr sub notes. The Notes will be due in December 2033 and can be called after 5 years at par. The coupon has been set at a rate of 3-month US dollar LIBOR, subject to a 0.5% floor and 2% cap, plus a margin of 6.75% for the first ten years and 8.25% thereafter. The Notes will be issued in a private placement. That's a steep rate to pay, surely? Debt: Equity is now around 198:394 = 50%. Is that getting a bit high? Lord Gnome 4 Dec '20 - 07:27 - 909 of 918 0 1 0 Steep? It’s effing ridiculous. They could have raised money at less than half that rate. Note that the funds are being raised in a private placement so they have almost certainly given one of their mates a very good mates rate. This is milking profits from ordinary shareholders and on £100 millions it will cost us about £3-4 millions annually. A disgrace. My Retirement Fund 4 Dec '20 - 07:33 - 910 of 918 0 0 0 Tells you everything you need to know about them really. Keep bargepole firmly in hand and find yourself a more credible listed company who's directors interests are more closely aligned with ordinary shareholders. Lord Gnome 4 Dec '20 - 08:38 - 911 of 918 0 0 0 I'm out. That was another red flag for me. I didn't like the last equity placing and now this. Looks like I am not alone. Lots of other sellers beat me to it this morning. GLA. jonwig 4 Dec '20 - 08:40 - 912 of 918 0 0 0 Lord G - probably wise: I halved my holding first thing. There's still the possibility of a takeover, which is a big part of my strategy. Lord Gnome 4 Dec '20 - 08:45 - 913 of 918 0 1 0 Yes, jonwig. The inevitable takeover (as I see it) was also why I was holding. Having seen the last two fundraising deals however, I would not be at all surprised if the sale is also a stitch-up."
red ninja: I would have thought that the recent rise here is related to takeover of RSA and before that Hastings Group. Maybe some investors are thinking the LSE/Aim insurance sector in the UK is relatively cheap compared with North America and maybe more insurance companies will attract a bid. A lot of RQIH business is US based and with its growth strategy it could be a target. However, having held this share for a good few years I would rather hold RQIH while the growth strategy is enacted rather than take an opportunistic bid.
red ninja: Well World Marine & General Insurance Company has been in runoff since 2001 so that suggest it is the rump of the fund left to run off. Inceptum Insurance Company was placed in runoff in 2009 also suggests it is the rump of the fund left to run off. They do sometimes mention a legacy runoff's size ie Grobal Re their largest to date was $80 million. I believe normally the run offs they have acquired have been small to medium which would seem the case this year as they I don't seem to remember them telling us any of them are large. They raised 100 million at the disappointing price of £1.35 a share earlier this year so I don't believe they are in urgent need of funds. Hopefully the next placing will be at a higher price otherwise it will tend to inhibit share price growth.
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