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'

Shares in Royal & Sun Alliance topped the blue-chip risers at midday, following reports in Copenhagen that Finnish insurer Sampo may be interested in the UK group.

The future is looking good for RSA. (Thank you opto).

Nice chart ... still in .... nice divi too.

Nice activity again this morning folks.
Results not due until March.

The last time RSA reached 160p was July 2003, if we go above 160p the next resistance is 260p.Wouldn't that be nice.

Yup! :-)

Have every Tom , Dick and Harry piling in soon :-)

Now that would be great Dil, but I've got that gut feeling that RSA is going places with or without the small PI's (like me) and I don't think we will have long to wait!

Best news so far this week:

Royal & Sun Alliance
Royal & SunAlliance - Michigan Circuit Court Dismisses GM Complaint

Royal & Sun Alliance Insurance Group plc welcomes the ruling of the Michigan
Circuit Court that General Motors (GM) is not entitled to coverage for its
asbestos and environmental liabilities.

The Court's decision to dismiss the complaint against Royal & SunAlliance USA
confirms R&SA's long-held resolve that GM's claim was without foundation.

She just keeps rolling along.

I added a few more this week.

Trying to break out again.

no activity on this for a while, despite hte volatility of the markets at the mo, do you think RSA has hit the bottom and we are finally due for up-side? A bit of activity here 2day - due to sharecast below only or is there something else in it?

Date: Friday 03 Aug 2007

LONDON (ShareCast) - Insurer Royal & Sun Alliance has added ground following a JP Morgan upgrade to 'overweight' from 'neutral' ahead of next weeks interim results.

The move also reflects the 19% upside to the brokers 155p price target who believes the fall in the share price in line with the market is unjustified.

Well folks I left these in the hgh 160's. Have been intending going back in all the way down to here.
Still resisting as I feel the flood damage costs and the very competitive motor insurance market is going to take its toll on this years final results. The interims shouldn't be affect by the floods but will they should give an indication as to the potential damage to the year end figures.
Now I've said that, of course it will rise! LOL
Good luck current holders.

i think the fall here looks badly overcooked, so with a downside of no more than about 10p and an upside of considerably more, have decided it's no bad time to get on board .... if next week's figures are good, the sp will move ahead anyway and if they are bad (or even good for that matter), then it may bring a predator out of the woodwork

Yep, I agree.

RSA ahead of consensus
MoneyAM
Royal & Sun Alliance, the UK insurer, today reported a fall in first half operating profit.

Profit dropped to 403m from 416m this time last year.

The result beat analysts' expectations of a fall in profit to 352m, according to a consensus forecast supplied by the company.

Pretax profit for the first half of the year to June 30th also fell, dropping to 338m from 346m this time last year.

The insurer added that net written premiums rose to 2.992bn, up 6% from 2.833bn in the first half of last year.

Underwriting profit fell to 16m to 144m from 171m in the first half of last year due to weather-related claims. However, the fall also beat analysts expectations of a 32% fall to 115m.

Combined operating ratio also grew to 93.3%, up from 91.7% in the first half of last year. The insurer added that it expects a combined operating ratio of around 96% in the full year.

RSA said it expects UK flood losses of 65m in July, and reiterated its forecast for June flood losses of 55m.

There was a boost for shareholders as RSA raised the interim dividend to 2.48p per share, up from 1.75p per share this time last year.

Andy Haste, RSA's CEO, said the outlook for the group 'remains positive.'

'We will continue to deliver the profitable performance that we have seen over the last few years,' he added in a statement.

The UK insurer said that it will reduce headcount by 700 people, including 500 in the UK, as part of its move to further reduce expenses by mid-2008.

'We are working with the unions to make sure that most of these will be via attrition,' said Andy Haste.
Good start for the day.

yum, yum! ....... chart below speaks for itself!! ....... probably asking a lot for 50 dma to be breached today, and 200 dma at about 157 could pose more of a hurdle, but having bought only yesterday at 134.5, am not exactly complaining.

RSA is looking good again.

can any chartists confirm that a golden cross has been formed, and that a golden cross is usually a [chartist's] precursor to a good run upwards.

regards
Alex