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'

2m buys 1 m sell

Share Ramping :-))))))

Skinny - :O) TANKERS posts 473,474 and 477. I rest my case your worships :O)

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the MMs will have to put this up soon 4m buys 2 m sells

Tanks, have you tanked as well? Oil price is rising!

just added 24468 div 28th march my second buy today

I have quite a lot of these but want more div of 9% you can not get that in many places and be in control of your cash .that is good

these will jump to 120p next week

skin i put my money where i put my mouth you can see my buys my last buy
24468 at 109.13p if you can say that is aramp then you are not a trader

But do you similarly post when you sell?

yes stan most of the time

That's all right then -):

Tanker - you can say what you like - a perk (atm) of living in this country - but your post 496 (and many more) is a blatant ramp. There may be (although I doubt it) some naive readers that think that what you post is fact.

Isn't it???? Oh cr*p, now you tell me!

stan have just added 10070 cna at 306.99p have a nice day the div on them is 11.11p

certainly all mouth don't know about his trousers!

That's a brave call TANK, looking at the 3 year chart strong resistance @ 115.0. Good luck for 120.0 next week in this market :O)

over 9% div no tax . and you may get 4% if you are daft enough to tie up your cash for 3 to 4 years . i will take the 9% and possible takeover .
interest rates are going nowhere for at least 3 more years so any cash you do not need put it in to rsa safe company and worth the risk ,
this is my view