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'

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.

my avge is 103.73p and will buy under 110p and are long on these the div pays for my car and hols . and we no they are plodders but nice divs is all i want out of these better than leaving cash in the bank at about 2% after tax . and i am now going long on CNA,RBS . sbry mrw tsco vod lloys barcs i will trade

being so busy i for got to say why i started to buy these , the reason the DEAD WOOD is going culmer did jack shit at rsa thank god he as gone to lloys with the other dead wood, rsa will move on now he as gone that is a cert

Another assault on 115p.

One week to ex-div. We might just break out in time to fall back next Wednesday. That would be progress of sorts.

selling

TANK - Why? what about the 9% divi and takeover rumour, just curious mate.

because they will fall back to 98p after div then i will buy back not selling all of them but enough .it is what i do . i have loads of cna ex div 25th april will sell at 327p or there abouts vod will now hold till 199p

Sorry TANK , I thought you meant you were selling the lot. Sounds like a plan,.

Tanks, good idea to take some profits before xd
next Wednesday, but I would be surprised to see
it pulling back to 98 in double quick time!

I will get my 98p in no hurry . cna ex div 25th april 11.11p the sp will hit 329p before then

26 March: RSA Panmure Gordon: Downgrade to Sell.
TP reduced from 110p to 99p.

Interim Management Statement.

Quarter 1 2012: Continued good organic growth and strong financial position

Net written premiums of £2.2bn up by 5% with all regions delivering good growth
Rating action and increased volumes drive the top line forward
IGD surplus remains strong at £1.3bn; coverage unchanged at 2.0 times
Net asset value per share including IAS 19 of 107p compared with 104p at 31 December 20111
Continue to expect to deliver good premium growth and a combined operating ratio (COR) of better than 95% in 2012

Overview

We have made a good start to the year. Net written premiums for the three months to 31 March 2012 are £2.2bn, an increase of 5% over the first quarter of 2011 (5% at constant exchange), with premium growth driven by 4% rate and a 1% increase in volumes. Total net written premiums including associates are up by 5% (6% at constant exchange) to £2.3bn.
Scandinavia net written premiums of £667m up 1% (3% at constant exchange)2
Canada net written premiums of £303m up 4% (3% at constant exchange)2
UK and Western Europe net written premiums of £937m up 3% (3% at constant exchange)2
Emerging Markets net written premiums of £281m up 20% (21% at constant exchange)2
Associates net written premiums of £78m up 15% (20% at constant exchange)2
Growth has been led by Emerging Markets, which has again been driven by an excellent performance in Latin America, and good performances in Personal lines in Canada and Scandinavia and Commercial lines in the UK. This has been partially offset by reductions in UK Personal Motor and Italy. We continue to benefit from our focus on Specialty and premiums grew by 6% at constant exchange across the Group.
For the full year, we remain confident of delivering good premium growth, a COR of better than 95% and investment income of around £500m.

3 May: RSA: Panmure Gordon reiterates: Sell - TP remains: 99p.

Shore Capital Reiterates it's Buy

Numis Downgrades to Hold Tp 115p.

Espirito Santo Execution Noble Reiterates it's sell Tp 112p.

Oriel Securities Retains it's Hold Tp 110p.