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'

The shares gained 7.8%, or 5.75p to 79.5p, on reports that American International Group (AIG) is mulling over a bid for the UK insurer. RSA refused to comment on the speculation.

http://www.moneyam.com/action/news/showArticle?id=517491

1 could well be here soon,optomistic is there any chance of a chart please .

A possible bid around 95p is muted - so we could easily expect 85p soon !!

95p not enough!!!!!

I agree optomistic that 95p is not enough but it would be a good start!

2x1M trades and 1x500k at 78.25. Nice stability today.

Many thanks optomistic this does help me immensely .

Hi 213812,
You are probably missing one of the great facilities that is available on am site. Just click on charts in the header and enter the epic of the stock you wish to research. Also if required select the indicators that you would like to see.
Hope this helps you.
opto

Still think these a good investment at this level (bought again at 74.5p)
A lot more upside than downside IMHO.

Good luck there Hyphan, I share your views on this one, a lot more on the upside. I don't think it is going to be an easy ride but I have hopes of RSA turning into a good winner. All our views of course but as a reward for the longer term holders divi is paid this Tuesday.
opto

opto - I think I've joined in far too late to get this divi (probably xd date was a month back) - but expect to be on board for the next one as I intend to hold with a target of 150p. Once this gets rolling it will soon climb IMHO.

Record date was 20th August Hyphan. Long time comin'!
Nam

Thanks Nam - that prob means we're already half way to next (final?) xd date!

Record date 19 Mar 04 and pay date was 03 Jun 04. So 14-15 wks to go (possibly).
Nam

HI HYHAN HOW long do you think you will have to hold these then before 150p
I am hoping for 100p in the next six months////

bristlelad...South Pacific...song...."you've got to have a dream"
I'm hopeful of 1+ within six months but would not be oversurprised if 1.50 came along. I'll dream on a while.
opto

Financial co's this size usually manage some sort of recovery - they have already done a lot of the ground work - so it should just be a matter of time if they are going to come good!

"they have already done a lot of the ground work - so it should just be a matter of time if they are going to come good!"
hyphan,
Don't you think that should be 'Before they come good'
opto

OH DEAR/// I hope it not just dreams///after ALL I HAVE PUT MONEY ON THIS ONE////also I thought the figures look alright ///