https://uk.news.yahoo.com/former-boat-race-sponsor-xchanging-eyes-sale-125152747--finance.html#kD4mlQ5 wishing I had followed my gut insinct and bought below £1 arhhhhhhh
His buying 176,000 shares is as good a recommendation as any.... the guy sounds Dutch, the Dutch don't throw their money around willy nilly..... 2 year view required here I'm afraid, just need to hang in there
The Chairman keeps on buying shares and the price keeps going down, what a strange world we live in.... one way or the other something has to give here in the next 6 months http://www.lse.co.uk/AllNews.asp?code=hnxbdsr4&headline=DIRECTOR_DEALINGS_RM2_International_Chairman_Stake_Rises
there was actually a ton of info abt the company prepared before the AIM listing... http://www.rm2.com/downloads/RM2-AdmissionsDocument.pdf would hv liked some news,,,any news... but lack of news does not necessarily mean "trouble ahead"
Chairman having bought nearly 1 million shares during the last month is good enough for me... just topped up and happy with an 18 -24 month time frame for things to happen.
Chairman Ian Molson also bought 225,000 shares for his Children's "fund" not a huge purchase for someone with his wealth.... but nonetheless a sign that there is some substance behind the company.... Also Invesco's stake and that to held by Invesco funds focusing on high income / dividends .... suggest they feel RM2 will be a very strong dividend payer in the years to come.., no short term gains on this one... but medium term if everything goes according to plan.... things should be fine....
It is interesting to note that 40% shareholder Invesco has invested in RM2 through 3 separate Invesco funds. All of which are income / high income driven funds, they are obviously counting on RM2 to deliver sizeable dividends... http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/new-and-recent-issues/new-recent-issue-details.html?issueId=8938
Even the Chairman's Children are now buying..... http://www.moneyam.com/action/news/showArticle?id=4748680
The entire divi will be cut according to some sources, not an unreasonable step, but future divi's also at much lower levels making the share that much less attractive for many http://www.thesundaytimes.co.uk/sto/business/Finance/article1367411.ece?CMP=OTH-gnws-standard-2014_01_25
Bought shares in this 2 years ago. Resigned to the fact that it might go bust now... or get bought for next to nothing
http://www.irishtimes.com/business/sectors/financial-services/rsa-rises-on-takeover-speculation-1.1648771 Lots of discussions on this over the last 3 months. I guess, next 3-4 weeks will decide if there is any merit in the rumours. One thing that is keeping the share price hovering upwards.... its about as good a time as any for an approach to be made.........
Quite a long time ago, but SAMPO does have some "history" with RSA http://www.ft.com/cms/s/0/24de78c4-7518-11db-bc76-0000779e2340.html#axzz2pcvAbqvg let's see what happens....
Whether RSA will receive a bid or not should become apparent this month, if there is interest it will materialise sooner rather than later. The below makes interesting reading on who this could be and the rationale http://www.theguardian.com/business/marketforceslive/2014/jan/06/ftse-falters-rsa-insurance-rises-outlook-bid-talk
I tend to agree with this. If RSA is going to be taken over or broken up, this is the time. http://www.ifamagazine.com/news/broker-snap-takeover-and-break-up-possible-at-rsa-says-ubs-290289
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/10551263/RSA-scandal-was-isolated-incident.html The share price I guess now likely to rise on Monday morning, but will this make a takeover of the group more likely or not?
http://www.ft.com/cms/s/0/12952b20-67d9-11e3-8ada-00144feabdc0.html#axzz2nrvUNO7j Seems to suggest that the "sum of the parts" is not just a little, but an awful lot more than the current market cap
all details are on the RSA website. Ex div date is April 3rd 2013