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 div to grow for the next few years it will be 10%

off out now going down to the centre then off on a night trip

skin also look at the charts they always go up in jan funds buy for the div .
have a good new year

I think T has been on the splosh, however he may be right with post 445. Good luck all.
2517

on a tip i have just bought 9773 and will add more tomorrow when funds are free .
cheers T

just added 9703 div will be nice and 140p

profits up 15 % div to rise 10%div this year where else can you get that

On 9 Jan:
TW.: Northland Capital Partners: Reiteration: Hold 40p TP unchanged.

Sorry, my last post was meant for the Taylor Wimpey thread

the chart says 20p rise by feb

Falling wedge pattern seems to be breaking out, nice triangle on the chart. Agree with Tanker, this could reach 130 in a few months. Bought another 2500 yesterday.

i have bought 87000 now just for the div for the next 2 years till interest rates go up to over 5% these will pay 10%

just added 20000 at 111.18p

Citigroup downgrades RSA from Buy to Neutral. What do they know gibby? :O)

Another downgrade today:

RSA - Panmure Gordon: Hold - TP down from 150p to 120p

.... rsa

could cost millions

Final Results.

YEAR END RESULTS 2011

Good year for the Group on both the top and bottom line

Net written premiums of £8.1bn, up 9% (8% at constant exchange)
Underwriting result of £375m, up 58% and a combined operating ratio (COR) of 94.9%
Investment result of £642m, up 19% driven by gains following action to reduce equity exposure
Operating profit of £884m, up 38% and profit before tax of £613m, up 29%
IGD surplus of £1.3bn, coverage remains strong at 2.0 times

Continued strong operating performance in 2012 despite ongoing market and economic challenges

Expect to deliver good premium growth and a COR of better than 95%
Profitability will remain strong in Scandinavia, Canada and Ireland; driving improved UK underwriting performance; Italian remediation remains a priority
Investment income to be around £500m, reflecting the ongoing gap between maturing and reinvestment yields

Confident of delivering sustained outperformance at both local and Group level

Fundamental strengths unchanged; retain non-life bias with rigorous focus on underwriting discipline and control
Strong and diversified portfolio combines leading positions in competitive UK market, strong operations in Scandinavia and Canada, consistent outperformance in Ireland, and fast growing Emerging Markets
Overseas operations to constitute a greater share of Group premiums current target is c70% by the end of 2015; now expect to be close to this in 2014 and move beyond 70% in subsequent years
Reposition UK as a more targeted and focused business, which delivers improved and sustained profitability
M&A focus will be on bolt-on deals

Continued growth in dividend

Prudent to grow the dividend at more modest levels, reflecting the impact of low yields
Recommended final dividend up by 2% to 5.82p, full year dividend of 9.16p
Strongly placed to return to a higher level of dividend growth as market and economic conditions improve.

5.82p divi not to be sniffed at.

TANKER - 10 Jan 2012 14:51 - 452 of 461

the chart says 20p rise by feb



What date Tanker?