Rsa Insurance Group Ld Share Discussion Threads

[yorkie52] 24/12/2013 00:45

Agree wllmherk the minimum takeout would be 130p at this stage

[wllmherk] 24/12/2013 00:24

there is no chance these would get bought out for 100p. I would anticipate 130p or thereabouts.

wllm

[diku] 23/12/2013 22:16

Will the wind gusts and all day rain today surge in claims?...

[blueteam] 23/12/2013 15:22

Yes a bid from somewhere is very likely, worth a punt under £1. Topped up yesterday, Also shorters will close by tomorrow, a few pence rise just on that.

[montyhedge] 23/12/2013 14:16

Zurich will bid in the New Year for RSA.

[richardbroughton] 21/12/2013 10:58

Thanks Miata, sure you're right, makes sense. Stupidly, I didn't connect the 2 deals and thought maybe JPM knew something we didn't!

[miata] 21/12/2013 09:38

Correct.

Ameriprise Financial ('America's leader in financial planning') have sold - presumably to realise the tax loss in this US fiscal year. It will be interesting to monitor JPM's holding to see if they hold long term, I suspect they might sell them back in a month's time.

[richardbroughton] 21/12/2013 09:03

If I read y'day's RNS correctly JP Morgan have bought 5% from scratch?

[dutch123] 20/12/2013 18:48

if comparisons are to go by ..RSA have been slaughtered, with the loss of orders compared to BAE..

[montyhedge] 20/12/2013 15:49

Emailed the company at

[e-mail]

To say we want the company sold.

[sawadee3] 20/12/2013 08:46

Well done all buyers of yesterdays shake. Like a stroll in the park ;-)

Happy days chaps :-)

[wllmherk] 19/12/2013 22:12

thanks Dean.

wllm

[deanforester] 19/12/2013 21:59

It's all in the reports, wllmherk

tells you that the Final for 2012 cost £140million, but 35% was scrip, so it was actually £91million. This is in the section headed: "BALANCE SHEET – UNDERLYING PROGRESS MASKED BY MARKET EFFECTS".

The proposed Interim will cost £85million. Hence the total is either £225million or £176million, you make your choice.

You will find these details in Explanatory Note 6.

[hvs] 19/12/2013 21:42

Not enough to fill the pockets of The so called Board.

Right ROYAL mess.

Sell the policyholders down the swanee.

[wllmherk] 19/12/2013 21:23

If RSA don't pay any dividend in 2014 does anyone know how much cash this will save them ?

thanks

wllm

[montyhedge] 19/12/2013 20:41

Once one bidder makes a mover, it will turn into a bidding war.
They have some great businesses especially South Africa.

[kiwi2007] 19/12/2013 18:51

Good article - worth registering with the FT:



Deal-hungry insurance predators eye RSA

By Alistair Gray, Insurance Correspondent

©Bloomberg

It is the opportunity deal-starved financiers have been waiting for. RSA has been left vulnerable to a takeover bid after under-reserving in its Irish arm forced the FTSE 100 insurer to issue a series of profit warnings.
Martin Scicluna, executive chairman, is actively looking at disposing of big chunks of the business to strengthen its balance sheet by as much as £1bn. Senior bankers say nearly every big non-life insurer in Europe, several in North America and local companies in the regions in which RSA operates will now be eyeing its disparate global operations. "It actually would be negligent of them not to," says one.

The rationale is clear enough for RSA's peers. Across the developed world, insurers are struggling to boost revenue organically. For years, advisers have argued the sector is ripe for consolidation.
Moreover, a big barrier to dealmaking is starting to lift. Brussels policy makers made a breakthrough last month in their decade-long attempt to overhaul the industry's EU-wide capital requirements. Even so, an outright purchase of RSA would nevertheless be a deal too far for several big insurers.
RSA's market capitalisation has shrunk by more than £1bn this year but it still stands at £3.31bn. A takeover would be the biggest of a UK-listed insurer since Hugh Osmond's near-£5bn purchase of the "zombie" life fund company Resolution in 2008.
Only those insurers with the............more...much more...

[wllmherk] 19/12/2013 16:08

monty that article is 3 months old. I'm as keen as anyone else to see these rise, but your clutching at straws my friend.

wllm

[chancer] 19/12/2013 12:02

A lot of people would have been taken out by their stop losses automatically.

If you own a large amount of shares, try and place a sell order and then let it expire.

If there are buyers, then you know they want your shares at a bargain price.

Used this feature many times to prove either way if they are wanted or not.

I shall be sitting on my hands with losses that will eventually turn into profits. You only lose when you sell at a loss.