Rsa Insurance Group Ld Share Discussion Threads

[mreasygoing] 07/1/2014 20:30

Next leg down about to start ?

[wllmherk] 07/1/2014 19:56

A RI is a distinct possibility, but, I'm beginning to think that this may be the way to go. A RI appropriately priced would put to bed any capital concerns for the foreseeable future. Initially the share price would tank, but, within 6 months would return to 100p plus.


wllm

[fangorn2] 07/1/2014 18:23

Update on Irish Issues
Further to recent press speculation, the RSA Board confirms it will receive at its meeting on Wednesday 8th January the PwC report into the financial and regulatory reporting processes and controls within the Irish business and the Group oversight of these alongside further assurance reviews commissioned by the Board.
We remain confident in our view that the financial and claims irregularities identified in November 2013 were isolated to Ireland.
Furthermore, RSA confirms, as previously announced, the impact of claims and financial irregularities and the reserve review in Ireland at £72m and £128m respectively; totalling a combined £200m.
A press release with further details will be released at 7.00am on Thursday 9th January.

[keith95] 07/1/2014 16:54

uppompeii - Very funny!

[uppompeii] 07/1/2014 11:01

Common sense?

[4cer] 07/1/2014 11:00

We desperately need to see this share burst through the £1.00 resistance level.

What will stop it ?

[dope007] 07/1/2014 10:43

Correct. But the problem is corporate revenues are struggling and profits have come from cuts and not sales growth. Debt has risen and wages have fallen. Since the last crash the only thing that has changed is debt has gone higher and risk has been completely mispriced due to money printing, that has been directed to the wrong areas.

[dr biotech] 07/1/2014 10:29

Perhaps we are. But that money has to go somewhere, and if it ends in inflation you are better of with stocks than cash.

[dope007] 07/1/2014 09:52

Lots but we are in a central bank fueled false boom with money being forced into stocks

[portside1] 07/1/2014 09:15

the biggest question is how much is this bad weather going to cost rsa

[mreasygoing] 06/1/2014 16:11

A rights issue is certain to happen. As I say this is a traders share now. The bounce will be short lived.

[dr biotech] 06/1/2014 15:51

Dead cat bounce would have to be the day after it dropped. This isn't. Wet weather won't help this years results but may help next years.

[quepassa] 06/1/2014 15:51

Personally, I see strong chance of further ratings agency downgrades.

Experience dictates great caution where large cap companies unexpectedly lose their Chief Exec.

The ship is now sailing without a full-time captain at the helm.

ALL IMO. DYOR.

QP

[mreasygoing] 06/1/2014 15:39

Dead cat bounce, this move up will catch plenty out. The traders have this share by the balls now.

[dope007] 06/1/2014 15:38

What level of profit warning will the latest weather damage cause?

[optomistic] 06/1/2014 15:29

The UBS note must have helped:
"The stock, the top gainer on the FTSE 100 index, also got a fillip from a UBS note raising its price target and adding it to the bank's most preferred list, traders said."

[wookie77] 06/1/2014 15:06

PWC report been leaked.

[topvest] 06/1/2014 15:00

Interesting price action today. Starting to look like RSA may be in someone's sights?

[qipincha] 06/1/2014 14:34

hi portside,

I am also interested in man group.and my chart seems telling the same
do you mind giving a little more info about why you think man should rise?(on emg bb)

cheers

[portside1] 06/1/2014 13:00

hello monte nice to see you around happy new year .
if you are looking for a take over company look at

EMG READY FOR PLUCKING

[montyhedge] 06/1/2014 12:41

Divi cover 1.3p, the only way they could avoid a bid is to pay that divi in full. I think the will pay 50%, then still get bid for.

[montyhedge] 06/1/2014 11:57

Zurich will bid 125p. Fund managers want a sale.

[chancer] 06/1/2014 11:07

RSA has also been helped by UBS lifting its price target from 100p to 113p with a buy rating, partly on takeover prospects. The bank's James Shuck said the Irish problems could be a catalyst for change at the insurer:

www.theguardian.com/business/marketforceslive/2014/jan/06/rsa-insurance-ireland-miners-chinese-data

[portside1] 06/1/2014 10:16

good luck to you holders