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RSA (RSA)     

optomistic - 05 Mar 2004 16:19

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)

Chart.aspx?Provider=EODIntra&Code=RSA&Si
Bottom chart 'fast stochastic'

goal - 05 Jan 2005 16:19 - 70 of 761

Yes,trending up.

optomistic - 06 Jan 2005 10:24 - 71 of 761

Good volume again this AM, lot of interest being shown in RSA.
AIG gave out good figures yesterday and increased dividend. No better time for them to move if they are intending to.

goal - 17 Jan 2005 15:57 - 72 of 761

Its looking good for 90p this week.goal.

goal - 31 Jan 2005 16:28 - 73 of 761

Its looking good again.

goal - 11 Feb 2005 11:38 - 74 of 761

The Guardian reported that Royal & Sun Alliance, up 1-1/4 at 85-3/4,
has attracted the attention of a US group. optomistic/namreh3, are you still here? goal.
















namreh3 - 11 Feb 2005 13:06 - 75 of 761

Still here but am puzzled by buoyant sp. RSA still pretty dodgy at these levels - pure bid speculation keeping sp above 80p. I am out and will not be in again until sub 80p. Apologies for pessimistic view. Hope, if you are in, 90p soon otherwise take care.
Nam

optomistic - 11 Feb 2005 13:09 - 76 of 761

Still here Goal and travelling hopefully. Even taking away the spec of takeover I have high hopes of a good gain on RSA. Often high trades in the stock and all it needs is a small turn in sentiment then it could move.....

optomistic - 11 Feb 2005 21:19 - 77 of 761

Now you have gone quiet Goal. Two conflicting views here, where do your thoughts lie....... optimistic or pesimistic for RSA?

goal - 11 Feb 2005 22:40 - 78 of 761

optomistic/namreh3 sorry for the late reply, its nice to here from you both on this thread again. I see a continuation rectangle formation so onward & upward we go.Have a good weekend. goal.

babykitcat - 13 Feb 2005 16:18 - 79 of 761

hope u all stayed in and are making $$$$ like a prat i got out 3 weeks ago well done all

goal - 13 Feb 2005 20:35 - 80 of 761

Hi babykitcat, in my opinion we have only just started. Once thay have sorted out the asbestos problem this could be one of the biggest riser in the FT 100. goal.

The Other Kevin - 14 Feb 2005 08:04 - 81 of 761

How long to sort out the asbestos mess - and what is the impact of the weak dollar on earnings?

optomistic - 14 Feb 2005 20:01 - 82 of 761

Traded firmly today in a very 'steady' market. Let's see how they go on the next good day. We have a sideways channel in place, look forward to a break on the topside then it could move.

optomistic - 18 Feb 2005 08:44 - 83 of 761

Today could be the 'breakout' day but this level needs to hold and then we could be away!!

optomistic - 18 Feb 2005 08:50 - 84 of 761

6,000,000 sell @ 89p....price held.

daves dazzlers - 18 Feb 2005 23:26 - 85 of 761

Opto, whats your feelings for the 10th of march,do you think the divi will be held,and what sort of pre tax profit would you be happy to see,dave.

optomistic - 19 Feb 2005 10:09 - 86 of 761

No fireworks expected DD but reckon the divi will be held or slightly increased. Hopeful of a move when Moody's upgrade their credit rating, perhaps next week?

daves dazzlers - 19 Feb 2005 19:51 - 87 of 761

Nice one opto .

goal - 24 Feb 2005 11:12 - 88 of 761

Any reason for RSA full this week?

optomistic - 24 Feb 2005 11:23 - 89 of 761

Fall this week Goal, Not on their own looking at the rest of the market. The meeting yesterday and the change in acounting practise probably would not have helped either. Results due 10th March.
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