Resources In Insurance Group Share Discussion Threads

[loverat] 31/10/2012 14:07

Well, we have a couple of reasonable looking trades there. Last one close to offer. Perhaps some news is close about what work they may have won for next year.

[davidlloyd] 31/10/2012 10:06

This is so illiquid and oversold in my view. If there is any good news around the corner could see 100% + in a day IMO.

DL

[loverat] 31/10/2012 10:03

Now this one is starting to move up.

[loverat] 26/9/2012 07:19

Well, the share price cannot to go much lower than it is.

[sirraman] 25/9/2012 15:14

so someone bought 1.4m on the dip this morning....not sure where this co is going with share price all over the place ???

[loverat] 25/9/2012 07:56

Thanks LEEMING. I could not see TIPS listed on the shareholdings on the RIIG website but could see an RNS some time back where they held about 53 million I think. If they hold this sort of amount cannot see them selling the lot without tanking the share price into oblivion.

As for the prospects for this company - thanks Jimmy. Take on board what you say but the market cap is tiny and it seems they are picking up contracts in PPI claims. That is a massive area although we will have to see how profitable these contracts are. Anyway, I am going to stick around and do some more research.

[jimmy12345] 24/9/2012 21:37

was thinking this might be worth a punt.

however

i believe this company sold out the loss adjusting side wrongly, nice how it was a board member that bought it.i bet that that side of the buisness has gone from strength to strengh, odd they only had a turnover in this of 150k heck thats just 4 or 5 domestic house floods.

there trying to become another belfor instead of a quality loss adjuster. knowing this buisness i can tell you that the loss adjusting buisness is a fantastic cash generative buisness.

its funny but ive never heard of this company are they even members of the bdma? the share price is also so low that basically any other company involved in insurance claim management is bigger than these. do we know who they are handling claims for?, there are a couple of players in this field and the market is very closed, they are attempting to break into a billion dollar closed shop with peanuts, dont get me wrong if they succeded this company would be a 50 bagger, but i think claims management clients should have been in place before this company went public, or we are just buying a wing and a prayer.


for that im out, hell a 1000 fire and flood restorers in the uk have a bigger turnover than this lot and they are working on around 70% margins, dyor

[sirraman] 24/9/2012 18:47

what the xxxx is going on ...about time the company gave an update why this is sinking !!!

[leeming] 24/9/2012 18:33

Shedloads......c. 40,000 0000
Tips management appear to have changed.
No idea if they are still supportive of RIIG.

[loverat] 24/9/2012 18:21

That's interesting Leeming. I was right about the muppets then.

Any idea off the top of your head how many they hold? Once they are out this could move up.

[leeming] 24/9/2012 18:10

Might be worth a buy.
Wondering if it's TIPS holding selling down.
If so, be nice if house broker could organise an ordered sell off rather than this drip drip smashing of the price.

[loverat] 24/9/2012 17:59

Now it seems PIs selling tiny amounts.

Think I'll buy some more after the next batch of muppet investors sell their 100 quids worth and this is marked down again.

[loverat] 12/9/2012 09:30

I think there has been a seller here for a while. Probably someone who needs their money out.

However these larger falls are often a sign any seller(s) are close to finishing and then followed by a rise. We'll see I guess.

Nothing seems to have changed about the prospects of big contracts and there were the shares issued at .50p the other day.

[davidlloyd] 12/9/2012 09:24

It does seem a bit mad that price has dropped so much given placing...

DL

[sirraman] 12/9/2012 08:56

what the hell is going on with this company......a new low in share price Thought the last RNS looked ok....??

[loverat] 12/9/2012 08:30

Interesting movement this morning. A couple of sells and you can buy these at .24p.

[chicken] 31/8/2012 15:59

Does seem mad but each to their own! and the backers obviously have faith in the business.

[sirraman] 31/8/2012 15:04

so why sell when the new placing was at 0.5p.......??? beyond reason ??

[loverat] 31/8/2012 09:27

You have to laugh at the fools selling. They were probably the ones who bought yesterday hoping to make a quick 10%.

[loverat] 30/8/2012 18:29

Looks like quite a few folks missed the placing news due to the late RNS. Might be a bit more trading tomorrow.

0.50 - a healthy premium to the current share price

[chicken] 24/8/2012 11:49

Halifax are quoting 0.32 to buy at £1000

[chicken] 24/8/2012 11:45

Doubt it very much but think there is a big seller as those are buys get a trading quote and you will see ;) C

[davidlloyd] 23/8/2012 13:31

Guess it is likely to be bad news (when it comes) given all recent trades (limited though they are) are sells....

:-/

DL

[chicken] 12/8/2012 09:30

Trading update is due this week based on last years news flow.
Expecting it to be very positive and hopefully an update ona further major new contract win.