Rsa Insurance Group Ld Share Discussion Threads

[hvs] 10/3/2014 18:26

HESTER got a MAGIC WAND not to be used for taxpayers but himself.

The CITY presented it to him.

lol !!! lol !!!!!

The firm seems to have scored a blinder by securing the services of Stephen Hester to lead its turnaround.

Them results they published were a BLINDER. and NO DIVI

STUFF THE SHAREHOLDERS.

[dope007] 10/3/2014 16:15

Why is Hester so highly rated by the numbskulls in the city? Sorry answered my own question - Numbskulls

[loganair] 10/3/2014 16:04

RSA Insurance Group Plc's Greatest Strengths - When I think of general insurer RSA Insurance Group, two factors jump out at me as the firm's greatest strengths and top the list of what makes the company attractive as an investment proposition.

1) Turnaround potential

When I last wrote about RSA Insurance back in January, I wondered if the firm's enduring problems would threaten the dividend and lead to a fund-raising event.

With the release of the full-year results in February, the incoming CEO, Stephen Hester, confirmed that the firm's dire 2013 financial performance means the final dividend will not go ahead, and there will also be a rights issue aimed at raising £775m.

He didn't stop there. In something of a kitchen-sink statement, he also said the business would be refocused to make the UK & Ireland, Canada, Scandinavia and Latin America form the core of the Group, and that a disposal programme will target £300m in proceeds. He's also taken capital actions to reduce equity and property exposure and to execute new reinsurance structures.

The firm's well-reported difficulties in its Irish arm are really just the tip of an iceberg of troubles that have been building for some time. Extreme weather events have been costing the firm dearly in claims, which hasn't helped either, but the wider trading record reveals a steady decline over several years.

Cash flow flat-lined some time ago and dividend cover from earnings has been weakening.

RSA Insurance seems to have everything in place to set itself up as a turnaround proposition within the overall cyclicality of its industry sector.

2) New top management

The firm seems to have scored a blinder by securing the services of Stephen Hester to lead its turnaround. Investors will probably know him best as the recent CEO of Royal Bank of Scotland where he led the UK's largest-ever corporate restructuring and recovery programme. However, he'd been around the block before that and sports an impressive CV showcasing some 30 years' experience in financial services and FTSE 100 companies, including as CEO of The British Land Company, COO and FD of Abbey National, and senior roles at Credit Suisse First Boston in the UK and US.

Mr. Hester is certainly not green behind the ears when it comes to turning big business around and I think his appointment bodes well for the prospects of RSA Insurance going forward.

What now?

RSA has struggled with profitability and cash flow in recent years. Current events have brought matters to a head and now the firm looks attractive for its turnaround potential.

[diku] 10/3/2014 14:32

All is welcome to join the PLC casino club board!...

[hvs] 10/3/2014 10:15

Anyone know how much of the rights issue money will be spent on BONUS and
how much for the PENSION TOP UPs of THE VERY VERY EFFICIENT so called
"BOARD".

[diku] 08/3/2014 17:21

You is at it again with your bonus!...

[hvs] 08/3/2014 15:27

lol !!!!!!

Its all about the JONSES.

STUFF the SHAREHOLDERS gets your BONUS , from a rights issue.

[jonntara] 08/3/2014 13:13

Recent aviva results were interesting. If this business can get ahead of the curve we may see a similar story (and performance) here.

[keith95] 08/3/2014 12:50

.. Barc played the same strategy in releasing the RI about 6 weeks after it announced its intention ... the fact that the share price didn't tank on results suggests to me that this has been known for some time (despite claims to the contrary) and that the underwriters are as a poster previously noted, supporting the price to get the highest RI possible.

From what I remember of the 2002 RI it was a close shave on being a failure .... with the shorts getting the price right down close to the strike price ...

ADVFN posts NAV at 81p so 1 for every 5 share dilution implies NAV at 67.5p ...
so I'm looking for a small premium on this say 75p at a price to get back in.

That would mean at 90p well back in the blue ... but honest or not .. the results were far worse than I expected even given the storms.

[loganair] 07/3/2014 14:55

Yessir3 - It is starting to get a little difficult to hold on to ones frustration about the RSA rights issue - hopefully very soon.

[yessir3] 07/3/2014 08:16

When will the rights issue details be announced?

[gutterhead] 04/3/2014 22:59

Thanks that is so much clearer! Dependant on whether you bought long or short term will determine how successful an investment these will be. I think long term they will be brilliant, ie two years or more.
Wllmrk tactics are spot on.

[loganair] 04/3/2014 14:28

RSA Insurance Group was downgraded by investment analysts at UBS AG to a "neutral" rating in a note issued to investors on Friday. They currently have a 103p price target on the stock, down from their previous price target of 113p. UBS AG's target price would indicate a potential upside of 10.10% from the stock's previous close.

A number of other analysts have also recently weighed in on RSA. Analysts at Deutsche Bank cut their price target on shares of RSA Insurance Group to 100p in a research note on Friday. They now have a "hold" rating on the stock. Separately, analysts at Numis Securities downgraded shares of RSA Insurance Group to a "reduce" rating in a research note on Thursday, February 27th. They now have a 85p price target on the stock. Finally, analysts at Panmure Gordon reiterated a "hold" rating on shares of RSA Insurance Group in a research note on Thursday, February 27th. They now have a 105p price target on the stock. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company's stock. RSA Insurance Group has a consensus rating of "Hold" and an average price target of 106.38p.

[wllmherk] 03/3/2014 22:19

Ive got him filtered. Really can't be bothered with his inane drivel. Portside is also filtered.

wllm

[topvest] 03/3/2014 20:32

hvs - yes, we have got the message! Can you not spell?

[makinbuks] 02/3/2014 17:31

In comparison to NAV and other non life insurers RSA is not at depressed levels that is the point

[hvs] 28/2/2014 12:51

They will.

Its ONLY OTHER PEOPLES MONEY.

The CITY loves it. That is OTHER PEOPLES MONEY

Its all about REWARDING FAILURE . The OXBRIDGE and ETON BRIGADE.

[dope007] 28/2/2014 12:44

Thye better be quick. If this market rolls over RSA could be in deep doggy do do's for getting an RI away

[hvs] 28/2/2014 11:41

lol !!!!!

HESTER done it . Ike at RBS.

THE CITY LOVES em.

[1fox1] 28/2/2014 09:25

portside did you stick with EMG up 20%

[portside1] 28/2/2014 09:02

1fox 1 JIL WILL BE FINE TOLD YOU TO BUY AFTER FEB DIV ANNOUNCEMENT AUG WILL BE OVER 14P

[redartbmud] 28/2/2014 09:00

chancer

Is there a hole in the cup perhaps?

red