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Royal Sun Alliance Share Chat (RSA)



Share Price: 458.20Bid: 457.70Ask: 458.00Change: 0.00 (0.00%)No Movement on Rsa Ins.
Spread: 0.30Spread as %: 0.07%Open: 450.90High: 458.20Low: 451.60Yesterday’s Close: 458.20


Share Discussion for Rsa Ins. (RSA)


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MY21
Posts: 2,547
Off Topic
Opinion:No Opinion
Price:445.10
Analyst Comment
Wed 09:24
“The stock is trading at a small discount to the sector, which we view as harsh given its now strong balance sheet and in line debt leverage. We find ourselves above consensus and… expect the group to be at the upper end of its medium-term targets,”

Bank of America Merrill Lynch analyst William Hardcastle hails Stephen Hester's turnaround at RSA.
 
lunatic
Posts: 697
Research
Opinion:Strong Sell
Price:428.20
Quester Report
9 Aug '14
There was little reason for optimism in RSA Insurance (LSE: RSA.L - news) 's first set of results following a major restructuring, says Questor
RSA Insurance 430½p-13.4p Questor says SELL
RSA Insurance’s [LON:RSA] first set of results, following some major balance sheet surgery under Stephen Hester, was an opportunity to show shareholders the promise of a brighter future.
However, the insurer fluffed its lines and Questor is now bailing out.
Bonz1957
Posts: 2,147
Off Topic
Opinion:No Opinion
Price:421.60
View Thread (2)
RE: Made Profit of £65million
8 Aug '14
Maybe the market was expecting larger profits. ATB
lunatic
Posts: 697
Observation
Opinion:Strong Sell
Price:423.30
View Thread (2)
Made Profit of £65million
8 Aug '14
And are back in the black ,So why are they dropping like a stone ?
MY21
Posts: 2,547
Off Topic
Opinion:No Opinion
Price:430.50
RSA press coverage
8 Aug '14
Sell RSA as turnaround labours:

RSA Insurance’s first set of results, following some major balance sheet surgery under Stephen Hester, was an opportunity to show shareholders the promise of a brighter future. RSA, formerly known as Royal and Sun Alliance, first hit problems in November last year.

A black hole was discovered in the Irish division’s accounts, which required a near-doubling of reserves from £70 million to £130 million.

The gap in the Irish arm’s insurance loss reserves was compounded by a £220 million fraud. RSA launched a £748 million discounted rights issue in March, the Baltic and Polish divisions were sold in April to raise a further £300 million, and the share price was consolidated five-for-one in May.

This offset a strong performance in Scandinavia. Looking at the company as a whole, the amount of insurance it is writing is falling, with net written premiums down 9% to £3.9 billion. And the core insurance business is only just breaking even, with a profit from underwriting of £2 million, down from £188 million in the same period last year.

The problem for RSA is that with record low bond yields, investment returns are also falling, down from £192 million to £166 million. Once you add in head office, interest and restructuring costs, the company reported first-half, pretax profits of £69 million, down from £250 million at the same stage last year.

Questor picked RSA as a very high risk buy last year (92½p, December 16) on the basis that the core business would attract buyers and it would resolve its problems. Questor thinks this is as good a time as any to bail out of this speculative tip, and downgrades to a sell.

RSA Insurance at 430½p-13.4p. Questor says “Sell”
Zameq
Posts: 15
Observation
Opinion:Buy
Price:452.40
Have added to my holding
1 Aug '14
I like what Hester is doing. The results will not come through for a while but I believe this will turn up trumps over the next year or two.
Bonz1957
Posts: 2,147
Question
Opinion:No Opinion
Price:458.80
lunatic
28 Jul '14
If these are new losses not previously reported could you please post a link? ATB.
lunatic
Posts: 697
Observation
Opinion:Strong Sell
Price:459.70
More Losses
28 Jul '14
Another £270 million
mono51
Posts: 94
Observation
Opinion:Hold
Price:454.70
SP Drop
21 Jul '14
Markets jittery at the moment but Hester is doing all the right things and this one will turn around but not soon. Hang in there and once the divi is restored and Balance Sheet clean and strong we will see it come back
lunatic
Posts: 697
Observation
Opinion:Sell
Price:456.00
SP
18 Jul '14
Its had no broker ratings since May that tells me a story .



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