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Massive opportunity here
mms gifting sp at 3p
seen this sort of price mismatch
I’m gonna top up again today. Upside seems fantastic … I hope I’m not missing something here 🤔
Mms misleading it's 3p to buy
not 3.5p
$465m asset sale due in Q2,2024 (that's anyday)
buy 3p now
The sale was expected as R&Q had previously stated it was in advanced talks regarding a potential sale of its program management unit, Accredited.
The agreement that has been reached will see Onex Corporation buying 100% of the equity interest in Randall & Quilter America Holding Inc., which the holding company of Accredited
Closing the deal is conditional on R&Q shareholder approval, regulatory approval and customary consents from certain R&Q debt providers, the company explained.
R&Q said that the sale of Accredited is at an enterprise value of $465m, which represents an expected equity value of approximately $438 million.
$500m
advance stage of the sell process!!!
https://www.reinsurancene.ws/rq-agrees-accredited-sale-to-onex-at-465m-enterprise-value/
$500M asset sale!!
Mcap £11M
is this the biggest opportunity markets presenting to Retail investors?
66% of company held by Institutional investors like Banks, Fund Managers
Presently over 75% are held by funds and BOD
https://www.rqih.com/investors/corporate-governance/aim-rule-26-disclosure/
Yes itsagame
Usually high and large % are buys
5.5m volume, quite a big day for a normally quiet RQ.
Beats mine hands down : )
Rqih
Currently £10mln cap
When they receive the £450mln they wipe all liability and debt and end up with much more than £10mln!!
Bargain
Also check out the only UK listed stock that uses A.I to cut down on cost and time does companies doing clinical trials. New CEO as of 2mths ago former NASDAQ business sold for $7bln
PYC are growing revenues and will hit £900k and therefore breakeven in June ,market cap just £1.5mln but pipeline of £1.5mln (up 50% in 3mths )
Lively summary Flava
Unfortunately I can’t check without holding shares.
but I’ll take your word for it. If the bid is strong with a 2% spread then this looks an excellent tip
Incorrect..
Have you actually checked?...I hold 305k shares qnd can sell and always have been able
It's currently 3.01p to sell 300k and 3.12 to buy
Is it true there’s no bid also
Can’t Even sell £2000 apparently??
Actual values are : 3.03 to sell and 3.12 to buy, indicated spread is always wrong here.
Ridiculous, no thanks
Managed to get some just before the spread opened up. Was tight at the time.
Looks an open goal to me but then maybe I’m just an idiot who can’t see downside here.
What a joke of a spread are they taking us mugs 33%spread get a grip.
I took it straight off the RNS, obviously minus any additional new losses as they tidy up the books for sale, but when it’s 3p / £10m mcap they have the small wiggle room of £220m and it would still be worth double.
We will see a nice rise this week well oversold good entry price 3.00p
✅ Key Points
✅ Shareholder Approval: Shareholders of R&Q Insurance Holdings Ltd have voted to approve the sale of its subsidiary, Accredited.
✅ Expected Timeline: The closing of the sale is anticipated in either late Q1 2024 or early Q2 2024, but this could change.
Future Updates: The company will provide further announcements as the process continues.
Why is this significant?
✅ The sale of Accredited would be a major move for R&Q Insurance Holdings Ltd. This announcement signals progress towards that goal.
40-50p upside!
Itsagame
Have you factored in the reserve deterioration charge in your calculated NAV?
Fantastic summary itsagme