Rsa Insurance Group Ld Share Discussion Threads

[portside1] 06/1/2014 09:39

sold over 280000 dxns on Friday to buy in to these good decision now looking to sell and move to EMG going to be a great year for man group

buy EMG for a 100% rise

[inv] 06/1/2014 09:36

takeover bid coming

[keith95] 06/1/2014 08:39

200 million injection plus bad whether ain't good ... But will top up after the news release Friday if/when confirmed the drop is overcooked.

[portside1] 06/1/2014 08:27

back above 110p very soon all is not as bad as they first thought .

[chancer] 05/1/2014 19:42

Insurance companies linked to Legal Expense Insurers, linked to panel solicitors = uncontrolled expenditure with too many people making more money than the original claimant.

Cut out the middlemen and mediate directly with the genuine claimant = traceable expenses and cost cutting claims that create less expenditure / profits for the original main insurer.

Too much emphasis on fraud is pointed towards the genuine claimant.

Perhaps fraud breeds within the legal framework structure of the claim process !

No win, No fee.

[montyhedge] 05/1/2014 09:12

No rights issue, dividend cover 1.30. I reckon they will cut the dividend in half, just to be prudent. Soon be back over 100p.

[dr biotech] 05/1/2014 09:08

Telegraph says that the report is likely to say that the problems in Ireland are isolated and that it will not require any further capital (Ireland that is, its doesn't mention the group finances)

[diku] 03/1/2014 18:56

Must be a very large till!....

[keith95] 03/1/2014 18:49

... in your till hvs ...

[hvs] 03/1/2014 17:25

But you can get the IDIOTS in charge to book.

Never happens IN THE CITY cause they all have their fingers IN THE TILL.

[keith95] 03/1/2014 17:18

Something like that fludde ...

So if RSA has overstated profits by 200 million courtesy of its Irish unit ... then it has paid Tax on that 200 million (I assume) and if so it should be able to reclaim ~£48 million back .. which means it is looking to recoup around ~£152 million ... unless there is something else ...

So skipping the dividend might put the company back on track.... all depends upon what else is not known.

... and the end of the day though .. 'Whiplash' seems to me as one of those things people just claim for if they have a car accident ... I wonder how many of such claims are actually legitimate?

One can't blame a company for possible dishonesty in its customers in a recession hit country.

[fludde] 03/1/2014 16:43

Keith I remember the RI years back. 70p or so wasn't it? Still got those I think!

[portside1] 03/1/2014 16:43

going on hols for 12 weeks. but bought 80k of these today .
will not sell till 100p which they will be when I come back .

going to be a great deal.

[hvs] 03/1/2014 16:14

Its the CITY milking it for all they can get for FREE

Thats why they call IDIOT BEAN COUNTERS FINANCE DIRECTORS

Nice for the CEO they hide behind each other and call in a few "CONSULTANTS"
from where they learnt .

[keith95] 03/1/2014 16:05

If they have the news now .. why not just release it .. rather than go through a song and dance?

The only thing one can conclude is that the news release will have no material impact on what is known now .. otherwise I'm sure the directors would be obliged to release an update.

[keith95] 03/1/2014 16:02

... I remember the RI in the early noughties ... the premium on the rights got dam close to zero from what I remember ... I had a bunch of the rights bought with a CFD account and bottled it .. to break even . had I held on for just a few more hours!

But some of us just never learn.

[hvs] 03/1/2014 15:57

Very badly run all ABOUT BONUSES FOR STAFF

We hear about top 10 investors its ONLY OTHER PEOPLES MONEY.

Make NOISE after the HORSE has bolted.

[fangorn2] 03/1/2014 15:57

And you think they'd get a buyer without going through the motions of the above?

Releasing what went wrong in Ireland is required, whether they sell out or raise capital through one means or another.

And 50p is a tad low - what makes you chose that particular number Keith?

[keith95] 03/1/2014 15:53

... doesn't look like the behaviour of a company putting itself up for sale ...

RI with 1 new share for every 3 held shares at 50p is my guess.

[fangorn2] 03/1/2014 14:23

Announcement on PWC Review of Irish Issues scheduled for 9 January
RSA Insurance Group Plc announces that it intends to release the key findings of PwC's review into the financial and regulatory reporting processes and controls within the Irish Business and the Group oversight and controls of the Irish Business at 7am on 9 January 2014. A conference call for analysts and investors, hosted by Martin Scicluna, Executive Chairman will be held at 8.15am on 9 January 2014.

[uppompeii] 03/1/2014 10:29

Cat isn't happy.

[fangorn2] 03/1/2014 10:25

"forcing every man and his dog into equities"

Spot on Dope. Agree.

[dope007] 03/1/2014 10:22

I expect to see a rights issue from RSA. There shouldn't be a problem in this free for all created by massive money printing, forcing every man and his dog into equities.