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Getting Fatter (RSL)     

hangon - 08 Jun 2006 13:34

This is by way of a Memo for the noticeboard.
This Resolution business buys-up distressed policies - so called Zombie Funds (really?), that have underperformed for the policy-holders.
The hope is that by cutting costs some good will come of it.........but you and I know that once someone else has control of your money, suddenly it starts to misbehave; like an nephew you never knew.
No doubt the magement will be full of Shareholder value and policyholder improvements, but I remain to be convinced and wonder why so many of our respected Institutions ever bothered with policies that didn't perform.....were they advertised as such, or given a great gloss as the salesmen collected their fees?

skinny - 08 Jun 2012 16:34 - 6 of 76

Finally gone long here.

Chart.aspx?Provider=EODIntra&Code=RSL&Si

skinny - 20 Jul 2012 07:05 - 7 of 76

Cancellation of targeted £250 million capital return

The Company has determined that it would be inappropriate to make the £250 million capital return originally targeted for the first half of 2012 and consequently announces its cancellation.

This decision is based on the estimated capital position of the group as at the end of June 2012 and follows careful consideration of the expected future capital requirements of Friends Life Group against a backdrop of heightened investment, economic and regulatory uncertainty.

The group's capital position remains robust. Friends Life Group had an estimated IGCA surplus of £1.9 billion as at 30 June 2012. The Company's dividend policy remains unchanged.

The Company will provide a detailed update on its cash and capital position and associated sensitivities with its interim results on 15 August 2012.

Mike Biggs, Chairman of Resolution Limited commented: "I understand that shareholders will be very disappointed that the Board has concluded not to return a second £250 million of capital but it would be inappropriate to do so against the backdrop of heightened investment, economic and regulatory uncertainty."

skinny - 20 Jul 2012 08:04 - 8 of 76

Out @222.3p

parrisf - 20 Jul 2012 15:56 - 9 of 76

I'm in at 212. I hope a wise move.

skinny - 20 Jul 2012 17:31 - 10 of 76

Good luck - I think I'll wait for the interims in August.

parrisf - 23 Jul 2012 11:15 - 11 of 76

Anybody know why this one has gone down? Is it tied to oil news in any way?

skinny - 23 Jul 2012 11:32 - 12 of 76

parrisf - did you read the announcement (post 7 above) a bit more here - Resolution shares drop after cancelling investor payment

parrisf - 23 Jul 2012 16:33 - 13 of 76

I assumed the first drop was the RNS. I wondered about the second drop. The one today. But you mean the second one was for the same reason.

skinny - 23 Jul 2012 17:13 - 14 of 76

Culmination of that plus the hit that the financials have taken in general today (AV -6.6%) etc?

dreamcatcher - 11 Aug 2012 22:11 - 15 of 76

Wednesday 15 August
Resolution (RSL), reports interim results.

Recent news: Last month, shareholders were disappointed to learn the company was scrapping plans to make a £250 million capital return originally targeted for the first half of this year.

It said the decision was based on the estimated capital position of the group as at the end of June and followed careful consideration of the expected future capital requirements of Friends Life Group against a backdrop of heightened investment, economic and regulatory uncertainty.

Analysts' expectations: It remains to be seen whether the return to shareholders will materialise this year and rumours of a split of the business persist. Charles Stanley's Clarke is maintaining his 'hold' position just ahead of the results, but is keeping his powder dry.

Valuation: The dividend yield is around nine

skinny - 15 Aug 2012 07:16 - 16 of 76

Half Yearly Report

skinny - 15 Aug 2012 08:20 - 17 of 76

Just closed @234.3 - 2 gaps to be filled and and I hope to buy back when the lower one has been filled.

Chart.aspx?Provider=EODIntra&Code=RSL&Si

skinny - 24 Aug 2012 15:17 - 18 of 76

Lower gap almost filled today.

Chart.aspx?Provider=EODIntra&Code=RSL&Si

skinny - 03 Sep 2012 16:16 - 19 of 76

Just gone long again - ex dividend Wednesday. 7.05p (yield 8.37%).

skinny - 07 Sep 2012 10:34 - 20 of 76

Nearly covered Wednesday's dividend.

skinny - 10 Sep 2012 12:15 - 21 of 76

Holding(s) in Company

Abbey National Treasury Services Plc > 3%

skinny - 16 Oct 2012 16:04 - 22 of 76

Discussions about sale of AmLife stake.

Resolution Limited (the "Company") confirms that its operating business Friends Life is in discussions on the possible sale of its 30 per cent stake in AmLife Insurance Berhad and AmFamily Takaful Berhad back to its joint venture partner, AmBank Group of Malaysia. The Company will update the market in due course.

Lord Gnome - 04 Nov 2012 12:30 - 23 of 76

Chart.aspx?Provider=EODIntra&Code=RSL&Si

skinny - 06 Nov 2012 09:29 - 24 of 76

A close above 230p / 200ma would be positive.

skinny - 15 Nov 2012 07:09 - 25 of 76

Third Quarter 2012 Interim Management Statement

Highlights

· Continuation of the strategy of value maximisation and cash generation
· Successful refinancing of the deferred consideration notes further de-risking cash flow to shareholders
· Final regulatory approval being sought for the intended sale of AmLife
· Strong operational progress continues in the UK and clear direction identified from strategic review of International
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