Rsa Insurance Group Ld Share Discussion Threads

[diku] 14/5/2014 08:10

Anybody think this is heading to 520p....

[chancer] 14/5/2014 07:39

At last the shorters are disappearing

[uppompeii] 13/5/2014 16:50

That's one way of putting a positive spin on it diku!

[diku] 12/5/2014 15:17

This is the real price now!!...

[chancer] 12/5/2014 14:04

Divide the price by 5 to get the real price.

[diku] 12/5/2014 13:23

For a change it is up 400%!!!.....

[skinny] 12/5/2014 09:32

Same here - I sold last Thursday having been a long term sufferer/holder @97.21 - 486.05 in new money.

[loganair] 12/5/2014 09:26

In my expereince from what I have seen with other companies, share consolidations usually do not work very well, often seeing a loss of value, just to get to the old 200p we now need to see £10.

[mrphil] 12/5/2014 08:20

Damn, thought I'd made a very nice gain this morning! ;-)

[bbbbb] 12/5/2014 07:59

Ah - that explains it

[diku] 11/5/2014 21:37

Share consolidation tomorrow...

[skinny] 08/5/2014 06:03

Underlying trading in line with our expectations; underlying premiums down 4%1

Tangible equity of £2.5bn including rights issue proceeds

Good progress on our action plan: rights issue completed; disposal of Baltics and Polish operations announced; other portfolio actions underway

Trading update

Underlying net written premiums down 4%1 (down 9%1 at headline level) as we see the effects of our portfolio action plan and a more disciplined underwriting approach across all regions.
Underlying profit trends broadly in line with our expectations. Good results in Scandinavia; Weather impacts in the UK, Ireland and Canada, as previously reported.
Capital metrics at 31 March 2014 (adjusted for impact of rights issue proceeds): IGD surplus c.£1.2bn with coverage of 1.8 times; ECA surplus c.£1.3bn with coverage of 1.5 times.
Tangible equity £2.5bn, including rights issue proceeds (31 December 2013: £1.7bn).
Strategic update

Good progress in executing our action plan as we look to tighten the strategic focus of the Group, build capital strength, and put in place building blocks to improve business performance.
Rights issue completed.
Announced disposal of operations in the Baltics and Poland.
Making good advances with portfolio actions.

[diku] 06/5/2014 21:14

Is this going all the way to 120p...

[diku] 30/4/2014 22:37

Since intraday Ex rights drop this has just gone up....very strange...

[dope007] 30/4/2014 09:40

Only in extreme bubble have rights issue stocks traded like RSA is now

[diku] 29/4/2014 22:16

He get his deserved bonus!....you is no asking for your bonus?....

[hvs] 28/4/2014 12:46

Company run for CITY BONUSES and other peoples MONEY .

They LOVES it.

What did HESTER do at RBS ??????

[dutch123] 19/4/2014 21:21

Stephen Hester is attempting to deliver what are estimated to be several hundred million pounds of cost savings at RSA Insurance Group as the next stage in the rehabilitation of the insurer.

Mr Hester, who was drafted in as chief executive in February, has begun looking at a series of cost cuttings across the business to increase future profitability.

It is understood that a specific savings target has not been set, but early work has begun on the costs programme as part of his desire to raise £750m through disposals, costs and ending unprofitable business lines.

The £750m, combined with the £750m raised through an emergency rights issue earlier this month, will go towards shoring up the FTSE 100 insurer's balance sheet and bolstering its capital position. .......more in the Telegraph.

[dope007] 17/4/2014 15:00

I'd sell if I still held at this daft level. SOld mine ages ago at 120p ish though

[fangorn2] 17/4/2014 14:59

Chief risk officer sells. Hardly a good sign.

RSA Insurance's Group Chief Risk Officer, Mr David Weymouth, and Chief Executive Officer for Scandinavia, Mike Holliday-Williams, have both sold shares in the company, according to a statement released by the firm on Thursday.

On April 16th Weymouth sold 120,000 ordinary shares at a price of 93p for a total consideration of £111,600.

[skinny] 17/4/2014 06:06

RSA Insurance Group plc announces that today it reached agreement, subject to regulatory approvals, to sell each of Lietuvos Draudimas AB (Lithuania), AAS Balta (Latvia), the business of the Estonian branch of Codan Forsikring A/S (together RSA's operations in the Baltics), and Link4 Towarzystwo Ubezpieczen Spolka Akcyjna (Poland) to Powszechny Zakład Ubezpieczeń sa (PZU).

Assuming each of the four transactions completes (and subject to the adjustments described below), RSA will receive total aggregate consideration of approximately €360m (£300m) payable in cash. The transactions are expected to add around £200m to the Group's tangible net assets, improving the Group's capital strength.

Subject to obtaining relevant regulatory approvals in the respective countries, each transaction is expected to complete during the second half of 2014.

[fludde] 16/4/2014 06:49

Interesting news. I would take it as negative which usually means the market will see it as positive and the share price will rise!

[fludde] 11/4/2014 15:44

Yes I agree. It is vanity as much as anything. It doesn't hide the past and more often than not the share price dips after consolidation.

After 10+ years of a bouncy ride I am out and will wait and see what happens next. Nice return on the RSAF issue though!