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'

Looking at the Charts could it be said that things are beginning to look a touch more positive?
25ma moved up through 50ma, MACD in the right sector and RSI just ticking along nicely.
It's been a dull stock for the last three weeks perhaps this month could see it back on the uptrend.

Mmmm nice + 2% move today.

You just got here before me Goal, yes it's a nice little tick up today. Could be a firm market in the run up to the ints on the 11th Aug.
edit:
Broken through the resistance next step through 88p then away.

Recovering nicely this morning, perhaps we have established a new support level around 83p

Finished up the day quite nicely, I'm happy with that. Look forward to next week.

Nice chart opto,its going very well with that dow on fire.

Steady progress in the right direction. Chart, MACD and RSI all looking good. Wish all of my holdings were looking as positive.

Hello opto, I'm very happy with the progress we are making, my shares/business studies teacher use to say to us "the longer the stronger" & this chart pattern looks to be taking the long way up. Regards goal.

Bring this thread ttt. 87.5p reached, could this be the last area of resistance before the next step up to the 1 ?

90p on the bid......go for it.

This is going well opto,hope we see the magic 3 figures soon 100.

Morning Dave, moving the right way. Perhaps before the results we may see us very close.

Looking good from my 73 and a bit.

My last was bought at 74 but I did have some at higher price, overall well in front now :-)

I seem to be having a good run on all my holding,,cant just be me,,may be i should sell them all up and buy a tent in the sun!

Then it could rain or your tent get blown away Dave, make sure you take out some quality insurance, and you're right at the right place :-)

As they say,,you cant get more .

Than!

Following the results and the recent v.good run up in the price are people on here taking profits on RSA, holding on for more or purchasing extra at this price ?

Good results, could hardly have expected any better. Little disappointed in the closing share price but a lot of short term traders must have cashed in after the results so perhaps we can look to progress next week.
Any hint at progress on the satisfactory settlement of the asbestos issue will put RSA into a different league, that must be the next thing to look forward to unless of course bid talk resurfaces.
opto