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'

Panmure Gordon Sell 407.05 509.50 550.00 385.00 Downgrades

CC called it right though his remaining 40% must look a bit sick

bad luck chaps :-(

Feeling very relieved today. Sold the whole lot on 24 August (see edit2 in the post)

Can't say I did very well with the switch though. Did well out of RBS and PFL but STAN, RDSB and WEIR have gone no-where

Cannot understand why it is as high as 405 now the offer has lapsed. I would suggest something starting with a 3 looks more appropriate.

Give it time CC. I like you can feel very relieved to have cleared the decks, 1st lot at 510 and finally the last at 512. Added to a position in BP with some of the loot...not a short term bet but looking for income...as I was with RSA when I first went in! Hoping for better luck with BP.

Lucky to get out of RSA at good gain so soon :-)

RSA Insurance schedules update

StockMarketWire.com

RSA Insurance Group will issue a third quarter interim management statement on 5 November.

At 1:01pm: (LON:RSA) RSA Insurance Group PLC share price was -1.2p at 403.9p

Story provided by StockMarketWire.com

RSA'a Progress http://www.moneyam.com/action/news/showArticle?id=5146876

Nationwide announce partnership http://www.moneyam.com/action/news/showArticle?id=5176998

The Bollinger bans on the chart are very tight...often a chance of a breakout from the trading range from here.
The last exit from the bands was in the wrong direction but now back in, hopefully for holders it will be in a better direction next time.
I was lucky this time and exited just before the drop @ 510p...not something that happens to me very often!
Good luck all.

Disposal communication http://www.moneyam.com/action/news/showArticle?id=5203265

Results: http://www.moneyam.com/action/news/showArticle?id=5219856

Up over a stonking 10% no less on those results, well done RSA.

Ex-divi Thurs 3rd March 2016 (7p).

Another South American disposal http://www.moneyam.com/action/news/showArticle?id=5271137

RSA Insurance upgraded by Barclays

StockMarketWire.com

Barclays Capital has upgraded its investment rating on RSA Insurance (LON:RSA) to overweight from equal weight after the group set out its ambition to close the gap to the best in class players in each of its core markets, UK, Scandinavia and Canada by 2018.

The broker commented: "While we acknowledge that it is rare for a mid of the pack insurer to become a 'best in class' insurer, we do believe RSA has set out a realistic plan to get there."

Analysts have upped their price target to 545 pence per share (from 457 pence), based on the company getting half way to its targets, which implies almost 20 per cent potential upside.

The broker highlighted that under its 'Bull case' scenario the shares offer in excess of 40 per cent upside.



At 2:08pm: (LON:RSA) RSA Insurance Group PLC share price was +13.9p at 473p

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Wish I'd stayed with these now, oh well.

9 May 2016

The Company received notification on 9 May 2016 of the following transaction in the Companys Ordinary Shares of 1.00 each (Ordinary Shares) by a PDMR of the Company.

On 9 May 2016, Mr Martin Strobel bought 12,000 Ordinary Shares at a price of 4.827 per share.

Finals out today and up over 4% they didn't look to good to me but there we are.

Shore Capital Sell 602.25 - - Reiterates

Going like a train at the mo..up over 5%!

Incredible move this morning. Before I saw the move I was thinking more of a drop by a similar amount...

RSA Insurance's Q1 2017 net written premiums up

StockMarketWire.com

RSA Insurance said its Q1 2017 net written premiums rose 14% to £1.71bn, with operating profit for the period ahead of the company's plans.

"The year has begun well for RSA. Results to date are strong with key proof points for further progress coming through positively," said CEO Stephen Hester.

"We also completed the UK legacy disposal and related capital restructuring successfully, to reduce risk, improve capital resilience and boost profits.

"The Group's entire focus is now on our drive for outperformance - serving customers and shareholders."