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'

Harry it was lower last week!

Really? *ugger, missed it! Presumably that was immediately ex-divi?

Ex dividend last Wednesday - so I have that for both recent purchases.

The low was 109.20.

Worth having a butchers at this one... RSA, looks like we could have a breakout from the down trend channel..........

Gone long on stock. Chart above.

Looks a good move Goldfinger, the chart does look positive.
Regretably I am unable to follow your move in RSA being fully invested and quite heavy in AVIVA. Hopefully sentiment is changing for the insurers then we will both do well.

I'm still in these for my sins - waiting for a break above 118p

That shouldn't be long skinny, you will have had a few divis to make up the 4p I would think.

Hi opto - yes my average is @119.15 and as you say I've had a dividend. I bought a few Insurers in the sell off and, as you know I'm loaded with AV.

Reluctant to rise today - trading update tomorrow!!

Interim Management Statement.

RSA Interim Management Statement

Quarter 3 2011: Continued strong top line momentum and financial position

Net written premiums of 6.1bn up by 11% with all regions delivering good growth

Rating action and recent deals and acquisitions continue to drive the top line forward

IGD surplus of 1.3bn; coverage remains strong at 2.0 times

Net asset value per share including IAS 19 of 101p compared with 106p at 30 June 20111

Continue to expect to deliver a combined operating ratio (COR) of better than 95% in 2011

Overview

Premium momentum remains strong, with net written premiums for the nine months to
30 September 2011 of 6,132m, an increase of 11% (9% at constant exchange) over the same period in 2010.

International net written premiums of 2,992m up 13% (9% at constant exchange)2
UK net written premiums of 2,318m up 7%2

Emerging Markets net written premiums of 800m up 17% (17% at constant exchange)2
Indian associate net written premiums of 106m up 26% (29% at constant exchange)

RSA: AlphaValue: Buy TP raised from 138.30p to 145.30p.

Today: RSA - Daniel Stewart reiterates: Buy TP: 145.00p

have just started to buy 6866 will keep adding till over 120p

mid . spoke to my info guy he says 140p to 155p .that is why i am starting to buy

the div at this SP is nigh on 10% that will do for me and no tax
and no risk.

Its @8.14%

skin you will find that it is 9.439 and will go up 7%

skin my target is over 140p by march

so far this week buys 12 to 1 today 14 to 1 some one apart from myself is buying big time sp will jump soon