Resolution Share Discussion Threads

[essentialinvestor] 07/7/2011 12:19

Holding 5,000 shares at just over 295, think the likely yeild risk/reward ratio is attractive, and the cash generation is underestimated and mispriced.
Of course it can always get cheaper!, as per today.

Pheonix - not one for me.

[envirovision] 07/7/2011 11:46

Does seem to be a case of the buy backs supporting the present level though. PHNX got whacked as soon as broker down grade came out and has shown no sign of shrugging it off yet.

[essentialinvestor] 07/7/2011 09:49

It's a cost cutting and cash generation story for me, providing a very
nice income as a result, a special divi next year would be a lovely bonus.

[envirovision] 07/7/2011 09:41

Subject:
Date: Thu 7th Jul 2011 7:35:52
Region:
Market sector:
Company: Resolution Ltd


DJ MARKET TALK: Nomura Downgrades Resolution To Reduce Vs Neutral


0635 GMT [Dow Jones] Nomura downgrades Resolution (RSL.LN) to reduce from neutral and cuts the price target to 260p from 280p. Resolution is the most vulnerable stock to the retail distribution review (RDR) owing to its high exposure to life savings products and lack of third-party asset management business, says Nomura. In addition, it says Resolution will find it difficult to compete in terms of winning new business in the areas in which it wants to focus, such as individual protection, group risk, corporate pensions and annuities. It notes the stock's strong run this year, up 24% versus 9% for the Euro Stoxx Insurance index. Shares closed Wednesday at 300.0p. ([e-mail])



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(END) Dow Jones Newswires

July 07, 2011 02:35 ET (06:35 GMT)

Copyright(c) 2011, Dow Jones & Company Inc.

[essentialinvestor] 05/7/2011 16:49

enviro, I worked for Bupa BHA back in the day.


Hyden, your post describes what I was trying to say, my mob rang
while posting so not concentrating at the time.

[hyden] 05/7/2011 16:40

I'm not sure they've said no more acquisitions, rather any future acquisition must priced such that it does not dilute the returns being generated by the UK Life Project. However, the return of surplus cash to shareholders does imply that any future acquisition will likely be tactical rather than strategic. A small Fund Manager, perhaps?

[essentialinvestor] 05/7/2011 16:35

Too right and had some - cash generation is the key.

[envirovision] 05/7/2011 14:22

EI been off my watch list for some time now, I believe the return of cash was less than the market wanted hence the price.

However 48P over the next calender year ? Not to be sniffed at surely

[essentialinvestor] 05/7/2011 13:45

The price is a result of the uncertainty about future strategy?, I assume,
they say no more major acquisitions.. that could always change.

[hyden] 05/7/2011 13:37

Yes, I believe it is. :-)

[essentialinvestor] 05/7/2011 11:08

enviro, catch up?, you are usually ahead of the game

[envirovision] 05/7/2011 11:07

Just trying to catch up here, Is the 18.5p special dividend in addition to the 20p dividend Keefe Bruyette & Wood are forecasting ?

ie 48.5p

[bluebelle] 04/7/2011 10:46

Me neither !

[essentialinvestor] 30/6/2011 13:09

275?, perhaps.

[badtime] 28/6/2011 10:05

Hmm...260p wud b a nice entrance point....sit on hands time

[skyship] 27/6/2011 14:19

Badtime - re yr 16th June post - yes, baled out @ 299p in a dash for cash back on the 16th. Now the chart reflects the overall market mood. Its dropped through 300p and dropped through the 50day MA. We could well see support from the 200day MA and from the 38.2% FIB retracement level - essentially anywhere in the black circle.

I see no need to hurry back in, but will retain on my Monitor for when more opportune times re-emerge...

[iomhere] 20/6/2011 10:35

Robert
All other things being equal Yes. The unequal bit being that the volume of selling exceeds the volume RSL wish to buy back but then why over commit when the price indicates otherwise?

[robertfaulkner] 17/6/2011 18:49

I thought the promised share buy back would self correct any market down turn.

If the price drops then for the same money Rsl gets more shares to cancel so the price should be supported,yes/no?

[badtime] 16/6/2011 22:34

lol..ok i'll take soggy to....tad like the weather!

[essentialinvestor] 16/6/2011 19:12

Soft bt? it's beginning to look soggy.
Not sure has Robert noticed judging by that comment.

[badtime] 16/6/2011 18:47

Sky did u take the quik profit?..general market is soft...i think i'll wait a bit b4 taking a nibble

[robertfaulkner] 16/6/2011 16:09

Who would have thought this would be below 300p when the company will be giving so much back and sharebacks.

[skyship] 11/6/2011 06:45

Thnx Nellie

[nellie1973] 11/6/2011 04:17

Broker upgrade Citigroup target 367p