Resources In Insurance Group Share Discussion Threads

[beginner3] 18/9/2013 16:19

I agree with you M4, unfortunately I bought these babies when it was .50p, so I am hoping i make something out of it soon.

[cottoner] 18/9/2013 16:07

The Company operates an Executive Share Option Scheme. The following options have been granted:


At an exercise price of 0.1p and may be exercised at any time up to 16 March 2020


Gordon Vater 4,769,479

Dominic Boyce (resigned) 3,406,770




At an exercise price of 1.25p and may be exercised at any time up to 26 April 2021


Gordon Vater 2,384,740

John French 1,703,385

Dominic Boyce (resigned) 1,703,385



At an exercise price of 1.75p and may be exercised at any time up to 26 April 2021


Gordon Vater 2,384,739

John French 1,703,385

Dominic Boyce (resigned) 1,703,385

[treacle32] 18/9/2013 15:52

I've bought in as punt and due to the results forthcoming & more details on this new important contract.

The 5 year chart shows many instances of spikes to 0.80-1.00p.

IMO we might be ready for one when news comes.

3 v 2 on Level 2.

[moreforus] 18/9/2013 15:51

beginner it has shot up from 0.14 to 0.275p

lots of the fantastic risers recently are things moving off the floor ..eg CRND is up 200% today... but its still 40% down on the year....

[beginner3] 18/9/2013 15:48

I hope it would,when you see all other shares just shoot up and only the one i hold never does, it tells me something!!

[sirraman] 18/9/2013 15:47

will this ever see 1p ???...

[treacle32] 18/9/2013 14:58

All for £1.1m mkt cap.

Highlights for 2013 include:

· Contract with Global Recruitment Operation - 12 Months - valued £1.4m to provide complaints handlers to Financial Services organisation.

· Extension of current PPI contract with leading Global Retail Bank - Impacting July to December 2013 - valued circa £760,000.

· Negotiations well advanced for the further provision of PPI complaints handlers to major UK retail bank value circa £760,000.

· General Insurance contracts with a number of UK and Global insurers for the provision of managed teams of Personal Injury, Property and Motor handlers.

· The Placement business division - APT handling the majority of the Group's own recruitment needs improving the balance sheet and now handling volume placement requirements for a number of organisations.

· Signing of a contract to provide Surge (increased work flow) support via the Verify division to one of the largest Global Loss Adjusting and Claims Management operations. This strategic alliance is further being developed.

· Growing interest in consulting services including Audit and Review of Supply Chains as insurers seek to understand and minimize frictional costs. A number of Audit programmes have been secured and will impact in H2 2013.

Additional new business proposals are being generated across all areas of the business. The Group also continues to actively explore the creation of relationships with other companies serving the sector with compatible services to its own with a view to collaborating on areas of mutual interest. In this respect exploratory discussions are taking place with a number of potential parties.

- This new business win and 'important contract' details from 30 August 2013 RNS to follow.

[loverat] 18/9/2013 14:21

That's the issue with so many shares. Some good companies at rock bottom prices but often institutions have to sell out. I have a feeling T1Ps has something to do with Webb. You wonder why they buy large amounts of shares in thinly traded stocks in the first place.

[treacle32] 18/9/2013 14:10

I thought about that and imo wait for the results and further details of this new business win. Looking at the previous years, imo this could easily spike to 1p and Webb can provide liquidity in any rises.

[leeming] 18/9/2013 14:06

Wonder if Webb are gonna dump another load into this rise or are happy now to hold?

[treacle32] 18/9/2013 13:52

Just had a little nibble for 500K shares at 0.29p on what's forthcoming i.e. results and details of this new 'important contract win'. Seems already picked up good revenues in 2013 via many contracts without further details enclosed of this new business win.

[davidlloyd] 18/9/2013 13:25

this one has a history of being a bit 'leaky' on the news front. :-)

DL

[loverat] 18/9/2013 12:40

I should think some news is due soon and perhaps that is behind the buying. About time these re-rated.

[ryan83] 11/9/2013 13:41

Results due out end of the month and also details of additional contract win (yes already won but terms to be announced) to be released.

Market cap is approx. £860k

_____________________________________________________________________________

4th July RNS

Contracts totalling £1.5m secured since 1 June 2013

Pursuant to the Group's 15 June 2013 Trading Update, the Board of RiIG, a leading provider of claims management and consultancy solutions to the UK insurance profession, is pleased to report on its second contract win valued at circa £760,000 for the further provision of PPI complaint handling services.

The contract is with the same leading global retail bank as the contract announced in June and the combined value of the two contracts now stands at £1.5m. The Company is expecting to benefit from these contracts in the current month and for them to generate significant revenues within the current financial year to March 2014.
__________________________________________________________________

30 August RNS

Trading Update

The Company is pleased to announce that it has been advised that it has secured, in competition with other parties, an important new contract from a leading name in the insurance sector. Terms have been agreed and we expect the contract to be signed in the near future when details will be announced. This confirms that RiIG is continuing to move forward on a positive platform based on increasing business from existing and new clients. This win follows the contract wins referred to in the RNS announcement of the 25 June 2013.
_________________________________________________________________________

[davidlloyd] 10/9/2013 10:23

Illiquidity at work.

DL

[cottoner] 10/9/2013 09:46

News on new contract with leading name in insurance due anytime as per previous RNS.

[loverat] 10/9/2013 09:41

Larger size trade gone through. Perhaps this one is due for a re-rating soon.

[cottoner] 02/9/2013 09:28

No news - RNS late on Friday past.

[sirraman] 02/9/2013 09:11

yeh........still no news though......maybe someone ewants to off load shares..??

[cottoner] 02/9/2013 08:20

Marked up today.

[cottoner] 30/8/2013 19:15

Trading Update

The Company is pleased to announce that it has been advised that it has secured, in competition with other parties, an important new contract from a leading name in the insurance sector. Terms have been agreed and we expect the contract to be signed in the near future when details will be announced. This confirms that RiIG is continuing to move forward on a positive platform based on increasing business from existing and new clients. This win follows the contract wins referred to in the RNS announcement of the 25 June 2013.

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I wonder if the initial mention of the results being published no later than the 30th of August was basically an oversight by someone at some point thinking the results had to be published before the end of August rather than the end of Sept when the six month period from the results year end (March 13) lapses.


The share price should get a boost when details of the new contract are officially announced.

[loverat] 30/8/2013 18:03

Trading update and notice of results now RNS'ed.

[cottoner] 30/8/2013 12:23

From TU in June.

The audited results for the 15 months period to 31 March 2013 will be published no later than 30 August 2013.



However - no sign of them.