Rsa Insurance Group Ld Share Discussion Threads

[yessir3] 15/2/2014 18:57

Private Placement will have a highly dilutive effect on stockholders. The aggregate percentage ownership of a Company's current stockholders will decline significantly as a result of the Private Placement. The number of shares issued pursuant to the Private Placement will increase substantially the number of shares of common stock currently outstanding. This means that current stockholders will own a much smaller interest in the Company as a result.

[yessir3] 15/2/2014 18:33

Bloomberg: U.K. Floods May Cost Insurance Companies 1 Billion Pounds

Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at Deloitte LLP.

To read the entire article, go to hxxp://bloom.bg/1oef7lq

[yessir3] 15/2/2014 17:00

Thanks Huttonr my view is £350 million seems too little and it will exclude private investors from buying shares at cheap rate?

[yessir3] 15/2/2014 16:26

Cheers Gutterhead and I too would buy at 70p but in meantime just watching from sidelines

[gutterhead] 15/2/2014 15:54

Insurance companies are risk averse. They do factor in wind, flood, snow events into their business plans. They also lay off risk with reinsurers.
I bought at 82p and if they drop to 70p we can all buy more.
As you say, it's a tricky one to call so let's wait for the news ref dividend/rights issue and affect of weather etc and then we will know.

[yessir3] 15/2/2014 15:42

It's a tricky one to call but with flood and wind damage in UK and snow in US and Canada. The price could drop to 70p particularly if they drop the dividend

[jonntara] 15/2/2014 15:21

I got in at 90.5 a couple of months back so I'm still above water.... Just.

[gutterhead] 15/2/2014 15:18

Topvest. Agreed that for medium or long term this is a great share.
I'll also buy into rights issue and if the scaremongers on here are correct about 70/80p, I'll buy some more.
It's nav is still 99p and could still yet be taken over with fair value priced by many as 130p plus.
You have to ignore the idiots who spout utter rubbish
Good luck
Gh

[topvest] 15/2/2014 14:54

I've only got a relatively small holding and certainly not on a big loss after dividends. I'm going to take up any rights issue entitlement, as I think the Group should have a reasonably strong future if it was run better. Clearly the price will go down, but you will make a profit on your rights issue entitlement I suspect.

[moneysage] 15/2/2014 14:46

your holding because your underwater and holding your breath

[topvest] 15/2/2014 12:09

I suspect everything will be announced with the results the week after next. I'm holding to participate in the rights issue, as I want to hold this longer term.

[jonntara] 15/2/2014 07:29

I have only got a small holding here and will sit tight. I think there's a lot of bad news in the price already. If we know it you can be sure everyone else does.If you have a longer term view on this then it is often the case that the bad years drive weaker players out and give the remaining players a chance to raise their prices a little.

[quepassa] 14/2/2014 16:15

Personally, I see this stock heading into the price range of the 80's and possibly 70's.

Earlier posts refer.

ALL IMO. DYOR.
QP

[diku] 14/2/2014 09:57

Price back to pre CEO news....

[gutterhead] 11/2/2014 20:01

Can't stop laughing at some of the "experts" on here

[quepassa] 11/2/2014 19:00

Scroll down towards the bottom of the page on the link provided and your question will be answered:-




Remember also the recent terrible Canadian weather.

ALL IMO. DYOR.
QP

[rob the slob] 11/2/2014 18:05

How much of rsa's insurance market is uk anyway?

[keith95] 11/2/2014 17:20

I've still only got a small amount of money in here .. Kaz & Ved have been good for me the last few days ... and HSBC is picking up steam ...

... but LLOY is also a big home insurer .. so with PPI claims and floods .. I'm staying clear ..

[quepassa] 11/2/2014 17:18

Who knows how much the total for flood damage will be?

Everyone is just guessing.

It depends who you listen to.

The Guardian has an article quoting insurance experts which suggests a much higher figure of £1billion if rains continue to fall.



The new flooding around the Thames is in a much more heavily populated area than Somerset Levels.


ALL IMO. DYOR.
QP

[fangorn2] 11/2/2014 16:49

"A new report by Deloitte estimates that the extreme weather which has hit Britain since the autumn could cost insurers up to £500million – roughly the same as the "big freeze" in the winter of 2010.

An estimated 1,300 properties were flooded in the run–up to the new year at an average cost of £30,000 to £40,000 and a further 270 flooded properties were reported last weekend, the auditing firm said. The latest Environment Agency estimates suggest that 900 properties have flooded since the end of last week.
James Rakow, the insurance partner at Deloitte, said: "The floods and storms threaten to dent the profits made by insurers for the year as a whole, potentially forcing many to raise property insurance premiums."

[uppompeii] 11/2/2014 15:58

Bulk of home and flood stuff will be re-assured out. The ins companies spread the risk as much as they can. Do Aviva still use Munich Re for commercial stuff? Or was it Swiss Re, can't remember.