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'

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

100k invest in these pays £8500 a year dam good is it not

Tanks, what you say abou divi paying shares, and there a few
consistently high yielding ones around, is generally true and, if one
has large sums to buy these and either hold for the divi or sell them
after the divi has benn paid, it makes sense, but only if
one can buy in very large quantities.

I think frequent traders here might not be interested in tying up
their money for long periods which is probably why you
keep getting flak, but you tend to play the same record
again and again, too.

The three-year chart may show what it does, but even
last year it was pssible to sell RSA at 138-144 and
buy back again much cheaper for the divi.

mid quite correct i kkep alot of money for rainy day so i put them in shares like rsa
pretty safe and if i want some cash just sell a few but the div isplenty so never do it buys my cars and hols and safe

How long after the Ex-Divi day do we keep the shares?

you can sell at 8 01 am on the ex div day you will get the div

midnight - Quite right perfect tactics. Maybe one day TANKER will get it right. I may be completely wrong, but if you read into his posts I think he is sitting on a loss. SP where it is now he'll be lucky to break even, that is why he is desperately ramping like a good un. If what he posts is true he was buying shed loads right up to the high.
Check out post 463 on 23rd Feb, why not say price he closed? Then read his next post 464. This is the guy who buys stocks allegedly for the divi. Wind down further to
post 480 and try not to laugh. As for the freind who is never wrong .....I rest my case :O)

Hope it goes right for him and stock soars, guys a legend, makes my day.