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'

I don't hold these currently, but I'd hazard a guess :-)

22 Jan 15 Credit Suisse Outperform 464.55 450.00 525.00 Upgrades

26 FEB 2015 - Announcement of 2014 Full Year Results - Financial Calendar

Cheers Skinny, looks like it could be CS upgrade that's given the boost today.

Did you read that in post 684? :-)

I haven't look at the indices, but insurance companies seem to be up, perhaps in anticipation of QE?

AV. going well!

I jump out of OML and few others a little too early!

Fred AV. TO of FLG is probably add fuel to the market - I hold both, but am tempted to sell FLG on any post 1:30pm spike.

skinny...of course I read it in post 684 :-)

Finals on the 26th Feb

Deutsche Bank Hold 441.65 500.00 450.00 Reiterates

Market appears to like todays disposal RNS

Good progress this morning.

Header chart updated, bit stretched before.

Finals tomorrow.
Not a lot expected of them it seems...let's hope for a pleasant surprise and a return to payment of divi.

Final Results

2014 pre-tax profit of £275 million, up from £244 million loss in 2013

Good progress on implementing new strategy and laying foundations for stronger future performance

Medium-term performance targets reaffirmed. Dividend recommencing

Final dividend 2p...WOW!

Not looked for Hester's bonus yet, probably just a token one like the divi.

Well done Hester divi 2p shares down 18p!
correct that now 23p down....where will it stop?

Looking for an entry point on this one. Not quite sure where yet. Was going to take 420 but think I'll wait and see what happens

Big toe in the water today at 422.5, 418.5 and 417.5

Hoping for a pick up on the back of AV.

Seems to have been a seller holding it back today. Large volume in closing auction compared with rest of day's volume.

xd 2p today fyi

Goldman Sachs Sell 411.50 445.00 385.00 Downgrades

Credit Suisse Outperform 411.50 525.00 475.00 Reiterates

... can these analysts forecasts ever be taken seriously?
I don't think so!

haha - I must buy some more then.