Member Info for Gerry557

I was one of those talking down RSA's prospects and its has turned out as "expected" What didn't turn out as expected was how well the SP held up. I think it only dropped 6% initially but ended the day down just a few %. A bad day on the market in general could do this. I must admit I was expecting 10%+ Although I wasnt "de-ramping" as I voted with my feet (or wanga) and had sold up previously. Well at least most of the bad news is out now and there are some figures to work with to gestimate progress from here. No divi or 99% chance of no divi was the killer for me but hope things work out well for all involved.

Nice to see that the outlook is for an improvement in EPS (10%), revenue (4%) “Full ownership of our wireless asset is a major milestone for Verizon customers and shareholders,” said Lowell McAdam, Verizon chairman and CEO. “We see a new phase of wireless growth and expanding opportunities as mobile networks become the platform for most of the world’s digital traffic. No company is in a better position to take advantage of these opportunities than the new Verizon.” McAdam added: “This acquisition also enhances Verizon’s ability to deliver integrated wireless and wireline products and solutions across all networks and platforms. We are very excited about the future and extremely confident that sole ownership of Verizon Wireless will enhance our overall growth prospects.” Verizon posted $4.00 in earnings per share in 2013, or $2.84 in adjusted earnings per share (non-GAAP). As previously announced, Verizon expects full ownership of Verizon Wireless to be immediately accretive to earnings per share by about 10 percent, excluding non-operational adjustments. Verizon expects to sustain consolidated revenue growth rates. The company is targeting 4 percent consolidated revenue growth in 2014, compared with 4.1 percent in 2013.

On second skimming it look like the divi might not be cut in total but if paid out, will be "modest" A silver lining on the dark cloud after all. NAV of 75p so is the name worth 20p going forward. Kitchen sunk, so longer term, might be ok if your already in and you gain on the RI. I thought it would fall more so the Hester effect continues Good look All

divi cut, £775 rights issue, winding down property and some area. Whats that £1.3B ish Bit worse than expected needs a large discount on the rights me think

I was expecting a drop tomorrow but I didn't think it would be this high now and rising in a falling market. As for things being priced in I'm not to sure as IMO to much positive is being priced in unless its going to be a massive discount to get more shares. I have almost (95%) decided not to get back in. I would need a divi or a SP that has lots of upside risk compared to the downside so I will watch to see how this pans out but I wont be surprised if it does the opposite to my expectations. Assuming they become "well capitalised" overnight, it still needs to sort itself out longer term hopefully they wont have to sell the best bits otherwise what the point. There is potential as some bits made profit and this is supposed to be safer that that leprechaun profit

Notice yesterdays spike, impressive 3.5%+ and thought some news was out but no. Surely its not buyer getting in to access any potential rights. Maybe it is NKOTB working his magic after all. Can you do the cut a RSA lady in half?

Hi mywineman. Yes I have held onto mine also and the current plan is to hold it for a while and try and get a better understanding of this company. I doubt I would have bought otherwise but it should be able to increase the divi now and EPS should also increase too. I suspect there will be a drag on the SP short term as many will sell so might have to ride it out for a while and am wondering if it might be an opportunity to add some more. Only time will tell. Maybe we might find a few more holders later or switchers gloating that the SP was down but they sold out and missed the fall

I would suspect that if the savings are as good as expected there might be even more to come in orders terms from Sainsbury. Plus if it works for them why not Tesco, Morrisions or any number of haulage companies. Now some overseas orders to help the export figures

They have cut the divi and now the yield is down to 4.64%. They are looking to buy more assets with better yields and improve current stock. So far all is going to plan. Unfortunately this is now not the bargain it once was and trades at a premium I think now. Im not saying it wont improve further from here but that its at value rather than sub value. I wouldnt say its a bad buy but its not great either so DYOR The divi is not yet covered and it looks like they would prefer to reinvest in the company than increase the divi at the moment. Still its not bad and if the company gets stronger then that not to upsetting either. Buy on the dips! I have looked at Hansard a while back and it might be worth a revisit after the fall. The outlook has hit sentiment "We anticipated a reduction in new business flows in Q2 2014 and expect H2 2014 new business to be significantly below an exceptionally strong comparative in H2 2013" Might be worth swapping from my RSA cash but I need to look a bit closer, that divi might also be culled.

I took it as "Reported yesterday" Looks a buy now for a short term 5%-10% rise. Get buying. So you were right about the buy but your timing was out slightly by a day or so. Whats a day between friends!

Risky ..... lets hope its Rewardy! Alb1on - Maybe Hester, not knowing insurance, might be an advantage. He seems a clever boy so maybe he will be able to see where 2+2=5 There must be some who cant despite the turnaround in Italy. Maybe it just about to take off after all the hard work although I dont see it myself but Im no expert

Again I will defer to your experience here but I would have hoped that the Italy option would have been explored. It does raise the question of why this has not come off? As for short term, I suspect RSA are looking at very short term, why else would you consider selling growing and profitable areas of your business. Maybe priority 1 is to stay in business, 2 steady the ship 3 progress from this low. I suspect that RSA could deal with any of these issues as a one off but has struggled as they have all happened at once to combine into the current storm. It a pity they cant just wait it out but need the credit rating scores and regulator off their back until things improved. It will be nice to see some actual figures and then decide what is the new cheap regarding SP

I suspect that the SP has drifted down on no news and this update has spurred things on a bit. I agree that 19 is not a "major" order but from this company its an additional 20% on their fleet, so probably more to come as funds become available as they see it as worth while as they repeat orders. If its works for them, why not others? more telling was "With further European orders expected imminently and the launch of new products in the US and Russia coming later this year I am confident that the Company is on-course to meet market expectation in 2014." So some jam today and maybe jam and cream later. After all you have highlighted the potential.

Funny how many none shareholders commenting, myself included. Grayling - "but if tempted to buy shares in a UK insurer again would I choose RSA?" Im asking the very same question. fastfarm - I would mention that shareholders have a vote and to use it I just hope the 20% pay looks cheap in the long run.

Well its looking like they are going to use "all the options" open to them, Some sales, placement and divi cut/slash. Well they did say "capital capital capital" Assuming all this happens by results day at least they will have there ducks in a row and the regulators should be off their backs. The grade of investments should also be covered too, again taking another worry off the table. This should then give Mr Hester some time to do some fundamental improvements in the group. Where does that leave the SP and value? The weather, which is in the news should be covered anyway although the payouts might be bigger than "expected" it should have been planned for. So a temporary hit to profits. This should then bring an end to the downward pressure on the share price as sentiment going forward should be positive. What that starting price is going to be I have no idea. !0% off for the placement plus the loss of the sold units should drive things even lower. Knowing all this the SP will probably "rise in relief" and do the opposite to what we expect. The value was in the 70-90p region so I could see your 60s coming in. I know alb1on was looking at 75p I haven't decided what is a good price yet or if I really want to be back here without a divi but Im sure some might bag a bargain if the timing is right in the long term. After all how many times can you destroy one company?

http://www.telegraph.co.uk/finance/personalfinance/investing/10639076/Time-for-an-end-to-fund-shop-exit-fees.html I am moving away and hope that this takes off a bit like PPI did eventually and that sometime in the future either this or my unfair contract terms penalty claim gets me all my exit fess back. If you kept your customers happy they wouldnt leave and there would be no exit costs at all!!!

creature - RSA need capital and have said all options are on the table including a divi cut. Nothing has actually been announced but a cut is expected and IMO will be cancelled. chris A-H - I also speed read an article in IC along the same lines of Hester using his contacts to get a £300M placement with the same 10% dilution. It also suggested that speed was the essence in shoring up the company. There may be partial sales but he is there to grow the company not break it up. They also covered potential takeovers but say its still expensive at 1.9x (book I think) IC have a sell recommendation on RSA A 10% hit is not great for the PI's but I suppose there is potential for things to become a lot worse if something is not done to stabilise the ship soon. Will this be enough to save the divi? I doubt it but I dont know how much they need to raise. They did mute some claw back of the pay although they are happy to pay an extra 20% for Mr Hester. I hope that this works out to be cheap!

Ouch!

I decided to keep quiet about the good results hoping to top up but it looks like people have started to cotton onto this one. Probably still ok but has risen too much for me now. Maybe in a month or two things will go quiet and the SP will come back down a tad.

Well as an insurer, with the worst weather for XX in the news sentiment will always be against it. What is the value though? You right it getting cheaper but its when its below its value it becomes a bargain. Unfortunately I cant work out a value on this one at present and I am waiting for more details to be announced with the results. If things are not as bad as expected there might be a spike upwards and your "People looking for discounts should load up" will look impressive. Until the amount of capital requirement is known and how they are going to achieve this I see too much downside risk and most likely no divi to wait it out should things take a turn for the worst. I hope for holders that things turn out better but maintain its chances of going lower are too high for me. Watch and wait! Watch and Wait!