Resolution Share Discussion Threads

[hyden] 27/6/2013 14:58

No, Clive Cowdery is trying to buy an American business that will be part of a separate venture, not RSL.

[anley] 27/6/2013 14:05

RSL are trying to buy an overseas insurance business so maybe the trend is to change direction and get the company going again???????

[skinny] 20/6/2013 08:12

Berenberg Hold 0.00 287.10 270.00 285.00 Retains

[aleman] 18/6/2013 10:57

RSA and Aviva getting well ahead of their IFRS NAVs. RSL would be pushing 450p+ on a similar rating.

[anley] 17/6/2013 10:14

Stopped drifting..............

[skinny] 17/6/2013 08:35

JP Morgan Cazenove Neutral 279.40 273.00 302.00 Reiterates

[anley] 06/6/2013 15:35

Drifting back to a buy................260p ?

[osirisra] 04/6/2013 06:29

Absolutely Aleman. I had AV. but swapped into RSL some time back. I shall admit that I swapped after AV. announced the surprise divi cut (must have come as a surprise to most otherwise the share price would already have been down). I'm still happy I swapped and here is the maths:

I got 17% more shares in RSL after costs and there have been the divis, 9p at AV. & 14.09p at RSL.
17% extra on the RSL divi gives 16.48p.
16.48p - 9p = 7.48p better off per RSL share I hold over AV.
The share price gap has closed a tad from 50p to 47p.
Take the divi difference of 7.48p off of the Sp difference gives 39.52p

So in real terms I am better off all round. Eventhough AV. have instigated a recovery plan and it shows early signs of working it will probably take a long time before the divi is increased again. They cut it to bollster the balance sheet and have sold off quite a few revenue producing components. Now that their divi policy is set and until the remaining components are drastically improved, or added to, I cannot see the policy changing. Meanwhile the good ship RSL sails unwards. I am looking forward to that difference in the two Sps closing some more over the next few months and then a lump more come August at the next results.
AV. reduced their final divi from 16p to 9p so we can expect the interim to be cut from 10p to around 5.5p. RSL's last interim was 7.05p.

Osi
Caveat, I have been awake all night on night shift. If I have made fundamental maths errors feel free to point them out!

Got out of AV. at 322 and into RSL at 272. There have been divis for both since and the gap has closed

[aleman] 30/5/2013 11:26

I see Aviva and RSA are creeping up. If RSL was on a similar rating on yield and IFRS NAV as them , it would be pushing 450p.

[osirisra] 22/5/2013 20:22

Got mine on my SVS account a couple of days back.

[aleman] 22/5/2013 17:12

Mine came by cheque in snail mail. Actually arrived 18/05/13

[cwa1] 22/5/2013 16:58

Due Monday 20/5/13. Paid in both my broker accounts that day FWIW

[dogray123] 22/5/2013 16:56

I have not received the dividend yet, can anyone tell me when its due
many thanks

[cwa1] 22/5/2013 13:36

Excellent stuff, the £3 barrier has crept up on me a bit, in a good way. Hopefuly it can consolidate above that level.

[aleman] 22/5/2013 13:28

Got to the suggested £3 (post 972) in just 2 weeks since the good IMS. I still think we can hit the suggested £4 in a year.

[anley] 21/5/2013 11:32

I got my dividend yesterday which is automatically reinvested back into shares.

[cwa1] 17/5/2013 13:30

And a nice chunky dividend to come next week as well :-)

[sawadee3] 17/5/2013 12:59

Brilliant day all around :-)

[a0148009] 17/5/2013 12:46

Taken long enough for the market to recognise the value in this company.

AO

[shauney2] 17/5/2013 11:18

Chart looking very good now.If 290p holds today 300p will not be far away.

[aleman] 15/5/2013 22:13

The £4 figure is based on IFRS NAV and isn't based on significant growth - just coming into line with other insurers, which I wouldn't expect to happen overnight. Any significant growth and it could be higher. I should caution that I find many insurers accounts unfathomable so I am no expert.

[a0148009] 15/5/2013 18:22

Even at £4 if the dividend of 21.4p is sustained the shares still yield 5.35, provided interest rates stay at current levels and company continues to grow it is not impossible.

AO

[aleman] 15/5/2013 11:58

New one year highs. Still looks headed for 300p in the short term. With a bit of luck, might see fair value around £4 in a year, maybe.

[osirisra] 13/5/2013 08:56

Very bright start this morning by RSL compared to other insurers and the wider market. Nice to see and long may it continue.