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'

Tipped strongly in Tempus today. I'm hopeful the broker estimates will start to move bullishly over coming weeks and we might see a long overdue rally.

Reasons to be cheerful are legion"- RSA will sustain its current modestly progressive dividend policy & the shares offer & yield of 6%. BUY. The Times.

Thanks for the info Goal, the yeild must offer good support. Given fair market conditions we could see the long overdue re rating over the next few weeks.
I took the opportunity to top up before the results so watching with interest.
opto

rns today reveals that Mr Kenneth Haste has bought 258,899 shares at 77.25p.
I like that!!

Hello opto, since march RSA been in a down trend, if it continues in this trend I think it will go no further than 74p a share & turn around. Whats your view? regards goal.

Hi goal, yes RSA has struggled along for a while now. I do feel that it (oh dear dare I say it!) has found its support around this level.
The fact that Mr Haste has bought this stock, for real money, not by take up of nil/pt paid options must give some confidence to the holders and new buyers of RSA.
Barring any problems arising on the American situation I am looking for some good upward movement over the next few weeks. And lets not forget the very good results, I'm sure they were well above the markets expectations and eventually they will have their effect on the sp.
opto

Thank you opto.

Trading well today........ 6/1 buys/sells

Yes it is looking very healthy.

Lets just enjoy the sun while its hot.

Well its hot today at least 80 now.

High volume yesterday and building up today, there is a lot of interest being shown in RSA.
Some consolidation perhaps at this level before moving on to the next target of 90p.

High volume yesterday and building up today, there is a lot of interest being shown in RSA.
Some consolidation perhaps at this level before moving on to the next target of 90p.

Bid talk what ever next ?

"Bid talk what ever next ?" ............ Why not a bid Dave :-)

Opto,now i would be happy with that if an offer was made 1.30 sounds just great to me,,,,,,,fair price ?

Would be happy with that Dave, and in the event of a bid it would be hardly likely to be less.

It will do me.