Rsa Insurance Group Ld Share Discussion Threads

[veryniceperson] 23/2/2014 13:07

Portside I reckon you are spot on. Sell first thing in the morning. Reckon they will settle in the 70s. Just my thoughts. Good luck.

[portside1] 23/2/2014 13:02

you will all be crying soon if you have not sold no divs for 18 months and a RI diluting holders you will pick these up for around 65p rest assured on that .

[dope007] 23/2/2014 11:45

Not short, All cash in ISA's now becuase this market is completely nuts

[topvest] 23/2/2014 10:28

There seems to be a lot of shorter activity on this thread. You are not being very successful though. Price still above £1.

[jonntara] 23/2/2014 10:18

Any of this a surprise? Its likely a lot of this is in the price already. I only have a small position on this but will continue to hold and will take up any rights and may even average down if there is a big deep in the price.Just need to look at Aviva to see what happens when these companies finally get ahead of the curve on capital worries. Smaller company with lower dividend yield is more valuable than before. Anyone who averaged down when the dividend was cut is now healthily in profit.Anyway that's my rationale for holding. Fingers crossed!

[yessir3] 23/2/2014 10:03

They'll only push it up to see it drop!

[portside1] 23/2/2014 09:11

65p is now all it is worth sell quick or lose .

[portside1] 23/2/2014 09:10

portside1
26 Jan'14 - 17:55 - 7755 of 7913 0 1 edit


div to be stopped to help fill the debt . no divs for the next 18 months at least . these will now fall . sell sell sell.

[dr biotech] 23/2/2014 08:05

Reading the whole article is more positive than the first few lines

"The reception Mr Hester receives on Thursday is likely to be in stark contrast to the 14.2pc one-day fall Mr Lee witnessed on the day of RSA's full-year results a year ago, when investors took umbrage at his decision to cut the dividend by a third."

[smurfy2001] 23/2/2014 02:15

Could we see 50p here?

[smurfy2001] 23/2/2014 02:13

RSA Group is poised to axe its dividend for 2013 as it counts the cost of fraud at its Irish business and this winter's floods.

The FTSE 100 insurer, which is due to announce its preliminary results on Thursday, is set to cancel payments to shareholders as part of a drastic series of measures designed to bolster the company's capital position.

The stark move will be accompanied by a capital raising of between £300m and £450m, sources indicated.

[yessir3] 21/2/2014 12:32

Feb. 21 (Bloomberg) -- Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 billion).

Aviva, the U.K.'s third-largest insurer by market value, is expected to incur the greatest absolute loss based on its market share, with RSA and Direct Line the most exposed from an earnings perspective, analysts at Goldman Sachs Group Inc. led by Ravi Tanna wrote in a report to clients.

"U.K. household and commercial insurance providers are likely to incur the heaviest losses," Tanna wrote in the report, which was dated yesterday. "With the difficult conditions ongoing, current estimates may yet end up being revised materially."

Britain is reeling from storms that have saturated the ground and battered coastlines since December. The Association of British Insurers put the cost of the floods at Christmas and the New Year at 426 million pounds, most of which will hurt 2013 earnings. Goldman Sachs estimates the more recent floods could lead to a further 500 million pounds of losses.

For Direct Line, RSA and Aviva, losses as a percentage of 2014 net income will be about 15 percent, 9 percent and 5 percent respectively, according to Goldman Sachs.

[dope007] 21/2/2014 10:14

Correct Yessir3. The markets have lost their marbles because of QE which funnels money directly into banks, who then leverage it up and gamble it on stocks, rather than feed it into the real and failing economy

[diku] 20/2/2014 23:09

Obviously you lost the plot!...

[yessir3] 20/2/2014 09:19

I'm a bit lost with all this badly typed and badly spelt bonus stuff but the way I see it is we know there will be a rights issue or share placing both of which will dilute shares and if RSA sell Canadian business there will be a reduction in turnover/business too. Not going to be good for share price IMO

[diku] 19/2/2014 22:21

You is still asking too much bonus everyday!....only Plc casino exclusive club members getting bonus!....they own the company so reward themselves...

[dope007] 19/2/2014 14:21

hvs, as you know it is the standard practice of ramping up to the mugs to get the highest rights issue price possible. The losers are those who fall for the lies

[uppompeii] 19/2/2014 14:19

Got your bonus yet?

[hvs] 19/2/2014 12:54

LOL !!!!

gETS A PLACING And gives me my bonus.

[dope007] 19/2/2014 12:53

SO they reckon it is worth over NAV despite needing a rights issue. I am sure there are plenty of ways to describe people with such recommendations

[skinny] 19/2/2014 12:50

Bank of America Merrill Lynch Neutral 98.98 98.85 - 105.00 Reiterates