focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
They buy because RSA lost 200m. The more money RSA lose, the better a stock RSA becomes. In a way it make sense because if RSA didn't lose the 200m, they would not have all the extra 100's of millions now. It seems that if RSA want more money, they just need to go lose some more.
I read somewhere the rights issue will be voted on in the May AGM. This is going to be a drag.
I am out of patience and covered my shorts. Also, I needed the money for something else. By the time this is pumped back to 100, my money should be free again to take another round of shorts. I am no longer optimistic bank of america would be capable of pumping this to 105. So I have lowered my short entry at 100.
There's no need to trust anyone, any directors, or any brokers. One can always trust the price. When it's on a down trend, sell. When it's on an up trend, buy.
Can't see it going to 60p. The consolidation means 60p becomes £3. All the 'investors' will be jumping on it thinking there must have been a huge rally.
You will surely become a monkey once the support for the price is withdrawn after the rights issue is concluded. The target for my short is 90, not too hard to achieve.
The immediate concern is to make the rights issue a complete success. I am sure they can come up with something that will convince people they don't need a div. They could wheel out warren buffet in some way for instance. But it's an interesting game they are playing. I just wish they would hurry it up.
Nothing will be happening until after the rights issue. The issue price will be based on the market price at the time of announcement. So the higher the price the market more money they get from the holders. It won't surprise me if we get a big rally.
Any buyer's here ? This thing looks to be turning. Maybe it's because all the bad news are in the price already ? I need volunteers to shove this to 105. I am getting impatient to enter more shorts. I need my position in place before they announce the details on the rights issue. So come on guys, let's have a heave-hove on this.
Yes, practically everyone on these boards buy the sells and sell the buys. But it's far better to go with the flow and buy the buys and sell the sells. The flow is always controlled by the banks and institutions. You will lose if you go against them. I don't understand how a news being out makes its deleterious effect irrelevant. Does that means if a company comes out and say "we are going bankrupt", that makes their shares a buy because the bad new is already out ? I am beginning to see why the "dividends investors" are buying RSA - because the news saying "there is no dividends here" is already out !
A good starting point for longs is when brokers recommend you sell at this or that price to them. A good starting point for shorts is when brokers recommend you buy at this or that price from them. Brokers are rich because they know what they are doing.
It's dangerous to base your investment on other people's views. Although, sometimes you get lucky. In any case, I didn't express myself clearly and you misunderstood me. What I meant was that they will hold the price up and keep everything rosy until they get your money from the rights issue. After that, they can allow the price to collapse and shoot the fishes they captured in their barrel. As the rights issue is still some time off. The price collapse is not yet here. The ups and downs now is just normal fluctuation. I am currently desperately hoping the price will go back up so that I could take on more shorts at better prices. Bank of america still has plenty of chances yet to get the price to their target of 105. Then they can off load to all the suckers and show the people following their recommendations how amazingly correct they are at their forecast.
Nothing wrong to have negative posters. RSA is going down the pan and the negative posters save others from diving right into the sh*t. I am short. Naturally I hold a negative view. Although, personally, I prefer all people here as well as all the broker recommendations to be positive. That way I will know I am definitely right being short. For people looking for pain, go right ahead average down. But remember this: your suffering will be you own making.
Now that the directors are buying, Barclays' target can't be far away. But I don't need a 200 price. All I want is 105.
In a statement on Thursday outlining the conclusions of a strategic review launched last year when the troubles at its Irish arm emerged, RSA said it has already started making disposals, targeting around 300 million pounds in 2014. Hester said on a conference call that more sales could follow in 2015. The rest of the capital raised will come from retained earnings and the company said that "the impact of 2013 results means (a) final dividend cannot be justified."
Simple. It stays high until they get your money. After that the price will go down so fast that you will be instantly locked in like a barrel of fish - erh I mean investors. Something is not right. My longs in EMG are rocketing today and I don't even know why.
The only thing priced in as far as I can tell is Bank of America want to off load at 105.
Doesn't seem logical to drop the price if they are trying to sell a disaster as the hottest cake in the business. A short term rally seem to be more likely because then people couldn't blame RSA when they decide to not to take the exit as it appears briefly.
Now that everyone are negative, I think we should have a big rally tomorrow. That's the only way to capture the people who think they have missed the boat or the gravy train. RSA is going to make you feel good, at least temporarily, while they chop your arm off. A business takes a very long time to turn around. Now is not the time to dive in no matter how well they dress up the disaster. I hope it goes to 110, although I am quite content for 105 before shorting.
I was hoping bank of america would pump it to 105 for me to add more shorts. Doesn't look like it will happen now. As far as a broker goes, they are an under-performer. Unless, they are working on something cunning. RSA could be floating this 800m right issue in order to make a placement seem more attractive. So when they decide to go the placement route instead, the relief will cause the price to surge to 105.