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'

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

Bought 5000, I too like the buy volume; also I have found that a falling trellis pattern like in the recent RSA chart, is often a bullish sign. H

"falling trellis pattern"....have done some research but only found horticultural or geomorphology references. I have yet to be convinced it is a recognised charting term!

:-)

You are right HC, it was just a homegrown descriptor of the pattern. Maybe a 'falling wedge pattern' would be more technical.

Rollercoaster Blackpool Pleasure Beach, home run looks familiar :O)

No offense intended s1. I actually thought you had found a new charting pattern and was keen to learn more! Lets hope it's not a 'heart monitor reading'!

just added 6920 still buy which i said i would bargains come to those
that see the future . buy buy buy 10% div on the way

12 month low today - 101.

Yield (if maintained) 8.73%

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Depends on exposure to Eurozone. Aviva has big exposure to Italy & it's sp suffered as a result. RSA I'm not sure where it's main risks are.

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Less than a quid.
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Hmmm - new 12 month low today 99.60.

Lost interest in the Insurance/Assurance industry when the Banks went belly-up so out of touch with sector now, but is the whole sector going through a trough at the moment? and if so RSA's decline might just be because it is in an unloved sector.. just a thought.

You are probably right Stan it is an unloved sector, maybe the unknown european liabilities also have a bearing on the sector performance.
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