The 2013 full year preliminary results for RSA Insurance Group plc was announced 27 February 2014.


"3 FOR 8 RIGHTS ISSUE AT 56 PENCE PER NEW ORDINARY SHARE
Further to the announcement on 27 February of its preliminary results for the year ended 31 December 2013, RSA Insurance Group plc ("RSA" or the “Company”) today announces the launch of a rights issue to raise £773 million in proceeds (£748 million net of expenses) (the “Rights Issue”). The Rights Issue is a fully underwritten 3 for 8 rights issue of 1,380,976,863 ordinary shares of 27.5 pence each in the capital of the Company at a price of 56 pence per New Ordinary Share.
The Issue Price of 56 pence per New Ordinary Share represents a discount of approximately 40% to the closing price of 93.4 pence on 24 March 2014 (being the last business day prior to the release of this announcement) and a 32.7% discount to the theoretical ex-rights price based on the closing price on 24 March 2014."

(thanks to skinny for this article)


Bottom chart 'fast stochastic'

This is a real yo-yo share,it just has to many backers to hit 75 i think.

Holding firm again on another market 'down day'

To true opto!

Will we finish blue today??

Well the 'Old Girl' keeps trying but that 80p bid is taking some establishing.

She is doing well at the moment!

Chart and indicators are beginning to look positive:


sp in short term uptrend.
MACD rising to (hopefully to continue through the signal line)
RSI rising.

Lets see were we go this week,morning all.

All this blue around,you would think the sea is coming in.

Must have been a rip tide today Dave, seems to have taken a lot of share prices out to sea today. Sorry I haven't replied earlier but I have been out doing something productive today instead of watching the miserable performance of the market. Will start again tomorrow with high hopes!!
Cheers opto

We might have to wait until Wednesday before the market picks up.

Well we had a fair day today.
Perhaps it is due to a possible stock overhang from the Cater Allen disposal on the 22nd March (news released today, thanks very much!) that RSA has been depressed for the last two weeks. If this is the case we could look forward to some upside movement now.

I will drink to that opto.

Well its smashed through,could you build on this sp now.

I don't know about 'smashed through' Dave. Certainly looking a little better but I would like to see it move a bit ahead from here before getting too excited :-)

expect another blue day

Bang on joe bang on.

Good day and we could be in for a bit of a rally now that the overhang is sold and the indicators looking more bullish. She seems to be breaking well away from the 80p resistance point.

Looking good this week now.

Getting to be a habit, up during the day and down at the close. Time we had some upside showing through.