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Pin to quick picksR&Q Insurance Share News (RQIH)

Share Price Information for R&Q Insurance (RQIH)

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Share Price: 1.70
Bid: 1.745
Ask: 2.50
Change: -0.05 (-2.30%)
Spread: 0.755 (43.266%)
Open: 2.00
High: 2.05
Low: 1.70
Prev. Close: 2.1725
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TRADING UPDATES: BlueRock hit by extreme weather; Harbour drills well

Mon, 11th Jul 2022 19:15

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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BlueRock Diamonds PLC - diamond producer focused on South Africa - Produces 139,531 tonnes during the second quarter of 2022, up 4% from 134,510 tonnes produced the previous year. Produces 2,699 carats, down 47% from 5,106 the previous year. Sells at an average price per carat of USD575.66, up 35% from USD427.78 a year prior. Company says extreme weather conditions resulted in a "disappointing quarter". Chair Mike Houston says: "During the period, the company had limited access to fresh kimberlite resulting in the feed to the plant being a lower grade plus having a higher percent of fines/clay material, which are more susceptible to wet conditions and impacted negatively on throughput tonnage." Adds that weather conditions have improved over the past month and that the market has remained "buoyant" for non-Russian rough diamonds.

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Alphawave IP Group PLC - London-based connectivity technology provider - Sutardja Family LLC, a company associated with Executive Director Sehat Sutardja, buys 52,480 shares at GBP1.28 each on Friday. The Sutardja Family now holds 13% of the company's issued share capital.

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Randall & Quilter Investment Holdings Ltd - Bermuda-based specialty non-life insurance company - Raises USD5.5 million in an open offer through the issue 4.4 million shares. This takes the total proceeds of the company's fundraise to USD129.5 million. Chair William Spiegel says: "We are pleased to confirm the completion of our fundraise, with the strong level of investor appetite demonstrated by the significant upsizing of this to circa USD129.5 million in total. This new capital means R&Q enters the second half of the year with the balance sheet strength needed to underpin the growth we are seeing in Program Management and our well-established position as a leading global provider of Legacy Insurance solutions."

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Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Notes court action from the Nigerian National Petroleum Company Ltd in relation to the acquisition of Mobil Producing Nigeria Unlimited. NNPC have requested the State High Court to declare that a dispute occurred between itself and MPNU in relation to the interpretation of pre-emption rights under their joint operating agreement. Says neither Seplat Energy nor Seplat Energy Offshore Ltd is a party in the suit. Adds it cannot provide further comment.

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SLF Realisation Fund Ltd - realising all remaining assets in portfolio of ordinary share class and 2016 C share class - Announces it will return 1 pence per share to its ordinary shareholders, around GBP3.6 million based on current numbers in issue, and 5 pence per share to its C shareholders, around GBP6.9 million. The distributions will be done by way of an issue of redeemable B shares and D shares to existing shareholders.

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Harbour Energy PLC - independent oil and gas company - Completes drilling of Timpan-1 exploration well, offshore Indonesia. Well drilled to a total vertical depth of 13,818 feet subsea and encountered 390 foot gas column. The well flowed on test at 27 million standard cubic feet per day of gas and 1,884 barrels of oil per day of associated 58 degrees API condensate through a 56/64 inch choke. President Director Gary Selbie says: "We are encouraged by the result of this play-opening exploration well and potentially building on our successful operating history in Indonesia. We look forward to working with our partners and the Government of Indonesia to determine the potential for commercialisation of this important discovery."

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EnSilica PLC - Oxfordshire, England-based semiconductor designer and supplier with design centres in India and Brazil - Hires an application specific integrated circuits implementation team and buys related non-core assets from Blu Wireless Technologies Ltd. Also acquires related design flow intellectual property used by Blu Wireless for a non-material cash payment. Additionally, EnSilica will partner with Blu Wireless to support the deployment of a communication processor IP solution called Hydra from Blu Wireless.

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Cellular Goods PLC - London-based consumer products with lab-made cannabinoids - Launches mini-size formats for its Rejuvenating Cannabinoid Face Serum and its Calming Cannabinoid After Shaving Moisturiser. Says they are design to provide an entry-level price point to encourage more consumers to trial the products or buy them as gifts.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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R&Q Insurance shares plummet on weak guidance

(Sharecast News) - R&Q Insurance, the AIM-listed non-life insurer, lost almost half of its market value on Friday after announcing it would report a "significant pre-tax loss" for last year.

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R&Q shares plummet as company warns of significant loss in 2024

(Alliance News) - R&Q Insurance Holdings Ltd on Friday said it expects to make a "significant pretax loss" this year.

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1 Mar 2024 13:49

R&Q says divestment is on track after press speculation

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R&Q Insurance expects sale of Accredited to close in second quarter

(Alliance News) - R&Q Insurance Holdings Ltd on Friday noted press reports about its planned sale of its programme management business Accredited, and its legacy insurance business.

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4 Jan 2024 14:02

UK shareholder meetings calendar - next 7 days

Friday 5 January 
MTI Wireless Edge LtdEGM re proposed grant of options to the directors
Monday 8 January 
Plus500 LtdEGM re director election
Velocys PLCCourt Meeting and GM re recommended cash acquisition by Madison Bidco Ltd
Tuesday 9 January 
Agriterra LtdAGM
DX Group PLCGM re acquisition by HIG Capital funds
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Leeds Group PLCGM re sale of subsidiary Hemmers-Itex
Smart Metering Systems PLCGM re acquisition by KKR funds
Wednesday 10 January 
Hummingbird Resources PLCGM re share placement
Ironveld PLCAGM
Reabold Resources PLCGM re appointment of new directors
Safestyle UK PLCEGM re approve winding up of company
Scirocco Energy PLCGM re proposed disposal of interests in Energy Acquisitions Group Ltd
Versarien PLCGM re capital reorganisation
Thursday 11 January 
Pennpetro Energy PLCAGM
R&Q Insurance Holdings LtdGM re sale of Accredited to Onex Corp
Ten Entertainment Group PLCGM re takeover by Trive funds
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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2 Jan 2024 14:52

R&Q confirms retirement of founder Alan Quilter

(Sharecast News) - R&Q Insurance Holdings announced the retirement of Alan Quilter, its group head of programme management, on Tuesday.

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22 Dec 2023 10:54

IN BRIEF: R&Q Insurance shares fall 20% as Bermuda review pauses deals

R&Q Insurance Holdings Ltd - Hamilton, Bermuda-based non-life specialty insurance company - Has "engaged closely" in recent months with Bermuda Monetary Authority, its principal insurance regulator, regarding the future strategy for R&Q Legacy. R&Q in October announced plans to sell its Accredited unit for USD465 million, leaving R&Q Legacy as a stand-alone business. BMA has now requested an independent actuarial review of the remaining group's reserves.

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14 Dec 2023 15:56

R&Q sees big opportunity for Legacy arm as eyes life after Accredited

(Alliance News) - R&Q Insurance Holdings Ltd on Thursday said its Legacy arm has "a robust pipeline" as it looks ahead to life after the disposal of its Accredited unit.

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14 Nov 2023 12:12

R&Q Insurance has big plans for Legacy once Accredited sale closes

(Alliance News) - R&Q Insurance Holdings Ltd on Tuesday outlined plans for the future of its Legacy business, as it continues to work towards completing the sale of Accredited to Onex Corp.

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14 Nov 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms before US inflation

(Alliance News) - London's FTSE 100 went into Tuesday afternoon in the red, hurt by a stronger pound, though European peers were in better shape ahead of a key US inflation reading.

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26 Oct 2023 09:54

R&Q inks significant loss portfolio transfer deal

(Sharecast News) - R&Q announced a significant loss portfolio transfer (LPT) reinsurance agreement with an unnamed prominent UK motor insurer on Thursday.

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20 Oct 2023 18:33

R&Q Insurance Holdings sells Accredited to Onex for USD465 million

(Alliance News) - R&Q Insurance Holdings Ltd on Friday said it has entered into a conditional agreement to sell 100% of its interest in Randall & Quilter America Holding Inc.

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