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'

Wow, it has been a good week for RSA, I hope this is only the beginning. regards goal.

Aticle on Teletext this morning says that the rise in share price last week was due to speculation that RSA was to sell their holding in merchant bank Rothschild.
I was not aware of the holding so cannot enlighten as to the value of it. If anyone has the info, please post. In the meantime I will have a look around and see if I can find the figures.

According to the accounts of RSA they hold 21.5% of Rothschild Continuation (Switzerland) which had accumulated capital and reserves of 521m at 31 March 2004. A value of something north of 100m seems likely.

Thanks coeliac1, thank you for posting that info, very helpful.

RSA being stalked. From the Times:

http://www.timesonline.co.uk/article/0,,2095-1650629,00.html

FU** and i was going 2 wait for it to fall further!!!! what a PRICK im getting good at this

This could be a nice winner for me.

Volume wise this should be right up there today.

No point getting to technical with rsa,see it for what it was {value} but definitely not nasty,shame i never got that 72!!

nice dip so i thought i would open a long position for the day

oh and supprise sirFUC**NG prize its gone down.... sorry guys im gonna stay away from this one

where did you learn such language baby?...when you grow up you will realise these are naughty words.

thanks tipton i just SPAT ME DUMMY OUT!!!
LOL

1.20 is a fair price.

Well baby(how sweet)kitcat and Dave, I see you have kept the thread active today. I've been out all day but have managed to catch a glimpse of the action ocassionally. Bit dissapointed that we did not finish the day a little higher..but there is always tomorrow and it's early days yet on a bid front and the stock I believe still representing fair value at todays levels.
edit: I like the last trade of the day...3.708.700 @ 4611.41. now I really do like that Aston DB9 6 litre V12 :-)))

Now now opto,join the qqqqqqqqqq for that motor..

You having one as well Dave? If there's a long wait I could take a Porsche for a while.

I've been out all day too opto, it's getting a bit loud on this thread!! I am going for a Range Rover Vogue.

Brandes have increased their holding to 9.7%

brandes increase to 9.7% aand RSA go down typical!!