Rsa Insurance Group Ld Share Discussion Threads

[boystown] 27/3/2014 13:20

Thanks Skinny - just the Selftrade ones then!

[skinny] 27/3/2014 12:57

Under the terms of the Rights Issue Shareholders have been credited with 3 RSA Insurance Group Nil Paid Shares ('Rights') for every 8 Shares held at the close of business on 25 March 2014.

[boystown] 27/3/2014 12:53

Can anyone tell me whether I qualify for the rights issue? I sold my shares first thing on the day of the announcement (Tuesday 25th) and according to the announcement the "Record Date for entitlements under the Rights Issue" was 21st which was why I sold – i.e. to spend the money back on 3 shares at 56p for every 8 I sold, but I haven't heard anything from Hargreaves Lansdowne yet (though I have from Selftrade where I didn't sell any)..

[mister md] 27/3/2014 10:48

just sold my RSA and RSAN rights - will review at a later stage !

[optomistic] 27/3/2014 10:02

Thanks Skinny, that clears it...I'm sure your post will help many RSA holders as well as me.

[skinny] 27/3/2014 09:47

Opto - this is how HL spell it out :

"What are my choices?

Under the terms of the Rights Issue Shareholders have been credited with 3 RSA Insurance Group Nil Paid Shares ('Rights') for every 8 Shares held at the close of business on 25 March 2014.

You have 3 options to consider in respect of these Rights and these are explained below in more detail.

Option 1 - Do nothing. If you do not return an instruction by the deadline of 3.30pm on Monday 7 April 2014, the Offer will lapse and your Rights will be removed from your portfolio. If a lapsed Rights cash payment is made it will be credited to your Account upon receipt.

Option 2 - You can take up your Rights in full or in part. Each Right may be used to purchase 1 Ordinary Share at a price of 56p per Share. Please refer to the questions and answers in the Appendix for details on how to purchase the Shares on offer.

Option 3 - You can sell your Rights. You can sell your Rights in the market subject to a special flat rate commission of £10.00. The proceeds will remain in your Account. Please note that the Rights of clients may, on some occasions, be sold as a bulk trade, which may work to a client's disadvantage."

[optomistic] 27/3/2014 09:46

Thanks Deadly. It just looks like these RSAN have been credited to my account and I am able to sell them on the market, if I do that my guess is that I won't be offered the paid rights but nothing clear yet...reckon I'll give the broker a ring.

[deadly] 27/3/2014 09:40

optomistic - you'll hear from your broker.

[optomistic] 27/3/2014 09:35

I now have RSAN credited to my account @ 32p but no details as to paying for any of the 3/8 rights. Bit lost with this, any help in explanation welcome?

[deadly] 27/3/2014 09:27

Share price has effectively risen over the last few days taking into account the rights.
So the RI has been welcomed by the market.
There's a lot of misinformation on this thread above.

[gutterhead] 26/3/2014 22:27

40p brilliant. Wafc

[tfergi] 26/3/2014 22:19

Market isn't even where it was 10 years ago yet. Still more mileage yet and a new higher base level will,be set.

[mreasygoing] 26/3/2014 21:11

Wait until the market bloodbath starts. The Five year bull run is about to come to an end. I'll make my first buy at 40p.

[hvs] 26/3/2014 19:30

SRUFF the SHAREHOLDERS

Its ONLY OTHER PEOPLES MONEY.

Nice, ITS what the CITY does BEST

[envirovision] 26/3/2014 16:39

Given the discounted rights, the current share price looks like it will need to fall to around 65 to 70p I think, still looks to expensive to me given the dividend will be hugely reduced and wont return in anycase for a few years.

[hvs] 26/3/2014 15:03

Easy FREE OTHER PEOPLES MONEY

lets have a bit more FRAUD and PENSION TOP UPS and BONUSES.

ITs all other peoples MONEY for FREE.

[hvs] 26/3/2014 14:06

76p here we come.

HESTER and his MAGIC WAND has created FREE EASY OTHER PEOPLES MONEY.

[skinny] 26/3/2014 12:19

That's my hope, these are one of my poorest performers - I'm down @17%.

Hopefully from here the will be a business model improvement and some reasonable upside.

[wllmherk] 26/3/2014 12:13

I suppose we all keep our fingers crossed and hope that current share price doesn't fall below 56p. I would anticipate that once RI done and dusted, capital position will look much healthier, must be worth a punt as a turnaround story, especially with Hester at the helm ?

wllm

[wllmherk] 26/3/2014 12:11

they are showing in mine. I've decided to take up the new stock in full. In for penny and all that.

wllm

[skinny] 26/3/2014 12:10

Oh I see - down to individual providers I guess - I can't deal them online, but I do get this message when I try :-

"We are unable to deal RSA Insurance Group Nil Paid Rights online. For further information on placing a deal or for a current price please call our dealers on "

[optomistic] 26/3/2014 12:07

Skinny, yes got that. Just curious as to if they are showing and can be traded in personal accounts (they are not showing in mine)

[skinny] 26/3/2014 11:58

They are showing on HL.

As I stated earlier, if you add LSE:RSAN to yor monitor, they will show on here.

[jimcar] 26/3/2014 11:52

Shares are showing on Selftrade but no price for them