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Toffers, i would say that if anyone here is holding stock at 25p or under when the RNS lands they will be happy,so for those who can now buy at 3p it will be like Mardi Gras in the share heavens :-)
Chart is suggesting a decent breakout is pending now.
If you look at the charts and the expectation of the news it suggested 3.5/4p should break today
Lots of big buys all yesterday
“THE” RNS could drop any day now ( not gonna be at all surprised if it’s today ) the appointment of the NEDs is the best indicator that it is either done or close to done. Regardless upon completion I see this heading back to 50p plus once completed.
GLA
I bought 10k's worth of R&Q last week. Until today it was stagnant but promising, now it looks even more promising although it's been up down up down today! It's a bit like ECR, my other little favourite, they strike gold, it will be very up!
GLA, let's hope the sale concludes, the majority of debt is paid off, and there is a return to the sp of old, especially for those currently trapped in here at quite high levels. Hoping for a roller coaster ride for us all to enjoy :)
I'm getting 3.18-3.34p now but nearly all those trades showing as sales near mid price are buys. It's basically a overhang play, clear this seller and then it's punters v mm's and you might get a nice rebound
Hubstar - very good to see your comments earlier,from someone of your standing i take note :-) and also your mention of Iofina too it looks a very decent opportunity right now.
"Yes things could be looking up here ,a realisation of the big pending event should focus the mind a little :-) and wider market stability is returning too. I have RQIH and Iofina ( IOF ) marked as two big movers this week"
One month into Q2....so chances are getting high now of an intra day RNS
If that sale confirmed RNS comes in it’s NT all the way to blue sky, and I’ll be turning the phone off and coming back a week later .
I can assure you selling price shown is buyers at 3.24 as one is mine. It’s pure buyers at present. I could be wrong but see a bounce at these levels
Nearly 2m buys v nearly 0 sales!
Something has to give and a huge leg up as supply and demand kicks in.
Shares already distressed and bounce well over due in my opinion
Crazy buying. Breakout due 100%
See my post at 08.26am here, we know there is an event pending.
1.3m volume so far today, primed .
I've added this stock to my monitor. Never heard of it. Always seems to be 3p offer no matter how many buys, maybe it's just a overhang play, clear overhang and you might get a spike.
Big movement soon judging by the chart ..very oversold
Yes things could be looking up here ,a realisation of the big pending event should focus the mind a little :-) and wider market stability is returning too.
I have RQIH and Iofina ( IOF ) marked as two big movers this week
3.39p paid, it's going to move this week.
Other platforms are reporting a rise of 5% today so far, just for info.
Don’t forget there are other interested parties, the sale involved :
94 counter parties approached
59 entered NDAs
16 non binding offers first round
9 went to second round
4 non binding offers at second round
Onex bid was chosen from the lot.
The sale docs also mention potential risks from a take over approach before sale completion.
It’s getting there, aslong as RQ keep on top of it then and all is as they have RNS’d the. It should happen, the sale has a pledge held over $465m Onex shares so they can’t walk away, and Onex want the $100m / year accredited is going to generate, Onex need to be seen to grow and replace their AUM and Accredited is a steel at the sale price for them.
Given the appointments announced today I believe the sale must be progressing smoothly and will be confirmed in the very near future.
Downside is IF the sales don’t complete they wind the business down as they won’t have the required A- or above credit rating to operate in US.
Nothing in life is free. But the potential Risk/reward here is a 10+ to 1 bet.
If all goes to plan the slimmed down company will be a good asset to keep or sell, eventually potentially returning multiples of current mcap to equity holders over many years.
Just a matter of time.
I have to agree with Flava and MAB. The positives far outweigh the negatives in my view. I always, like no doubt many others, look at the lowest price and it appears to me that this has reached its nadir. Even if it were to go lower surely it will only be marginal given the steps they have taken. You only have to look at the shareholders to get comfort. I haven’t seen any of them deserting a sinking ship. In my opinion the only way is surely up - isn’t it ? Take care.
The market cap is very low which is why I have recently invested here. The value of the company is seemingly not reflected in the SP, I chose to invest now because the company is clearly moving forward and there is clear evidence of planning for a very successful future. I expect the SP to rise towards previous levels in the short to mid-term and that will benefit any new investors buying at these low prices.
✅ New Board Members: R&Q Insurance Holdings Ltd has appointed Stephen Welch and Lawrence Hirsh as Non-Executive Directors of the company.
✅ Expertise: Both Welch and Hirsh bring significant experience in financial restructuring, corporate management, and operational improvements.
✅ Focus: Their appointments are aimed at helping R&Q reduce debt and streamline its operations.
✅ Strategic Context: These appointments come as R&Q continues working towards finalizing the sale of its Accredited business unit and seeks approval for these changes from its lenders.
Background on R&Q Insurance Holdings Ltd
R&Q is a specialty insurance group with a focus on legacy solutions and program management.
The company operates globally with a presence in the US, Europe, and Bermuda.
Why This Matters
The addition of Welch and Hirsh to the R&Q board signals the company's commitment to:
✅ Addressing financial challenges: Their expertise will be crucial in the debt reduction process.
✅ Streamlining operations: The focus on operational improvements hints at cost-cutting measures.
✅ Completing the Accredited sale: The appointments support the ongoing sale process, likely by adding credibility and financial expertise to negotiations.