Member Info for Gerry557

Wow! not good!

Why cant RSA identify there own faults/problems? Maybe they want the "independence" of PwC. It would be interesting to see if its just bad procedures, poor staff or uncontrolled enthusiasm? Law breaking would be a different issue but we done see many being lead out in handcuffs, often its, on you way and close the door after you ...... once you have collected your bonus, pension etc. The poor(er) shareholders can foot the bill. Have a look at these 21 reasons to buy:- http://www.fool.co.uk/news/investing/2013/11/12/21-reasons-that-may-make-rsa-insurance-group-plc-a-buy.aspx I think I missed about 20 of them when I read it plus it didnt seem to mention any of the most recent issues. I used to like reading Fool but this does it no justice. I think this supports the "DYOR" normally added to these sorts of comments. I have no plans to sell ...... well not for the next hour anyway, hopefully seen_it_done_it is correct and it will be "ok" in a while

Its this just "leaves on the line" or "the wrong type of snow" ?

My take was that whilst the S... was hitting the fan there was "no intention" to reduce the dividend (again), and to try and calm things down, as best as he could under the circumstances. "While these issues are serious, they do not have a material, long term impact on the Group." seem like code for give me time to pull my socks up and get a grip. It would be highly unusual to cancel announced divi payments but When your up against the wall it can happen. Its normally followed by having to fall on your sword. I know there are shouts for heads to roll but it might be prudent to get details first. Maybe this has been found due to actions Mr Lee has instigated in his short time involved! I think he will resist any more cuts unless RSA are in real dire straits. you might find more from this comment in the IMS "We are continuing to deliver a series of investor briefings for 2013 and 2014 to provide more detail to the market on the significant opportunities we see across RSA. The next of these briefings will take place on 12 November 2013 and will cover our Scandinavian business."

his!!!

I think they will stick with the "no change in dividend policy" at least until lunchtime. Then I will look at which way the wind is blowing ....... wots that saying about "When can you tell a politician is lying ... him lips move!" well maybe is not just politicians.

Dont think if I sell today I can push it that far back down. Personally see this as a bargain at 75p ish really. Might take a bit of "tapering" to push it that far ...... unless there are more losses that have not been found yet! Come on PWC do your thing. The board have been buying Simon Lee got 104 matched by another 104 wonder if I can get BOGOF!

Twonko you may be right and your comparison is food for thought. If your buying "now" though, do you go for one that is 35% more? If it wasn't for all the bad news, noise, fear and greed you would never buy on dips, cos dips by their very nature imply bad times. Once the dust has settled (or issues forgotten) things tend to pick up. Yes its a risk. There are a lot of good companies, some better than this but they are trading at a premium. This dog could fall further and the management are not on the ball at the moment but there comes a point when it becomes a massive bargain if it keep falling. It could be a value trap of course. Have you sold your RSA today and swapped for Aviva? I'm not saying your wrong, from here on, you might be repeating your "Aviva has gained 35% and RSA has dropped 2%." again next year.

committed to the divi ....... "Our capital position remains robust and we remain committed to our dividend policy which is aligned with market expectations for the full year final 2013 dividend" I think the divi cover will be less (not great anyway) rather than a cut at the moment. Hopefully this is just a blip. one of a collection of blips recently but I cant think of what this is called, How many blips = profit warning and dividend "re-base"

stepptoe if things go well you could be right, can you see 5 years ahead? that would be much better for me. Oh and while you using that crystal ball can you tell me when the lowest low will be too. Would make this investing larky thing a lot easier if I could reduce my risk profile towards zero or even see if its still in business. I would use my own but is always cloudy and it gets things wrong sometimes

The Germans look to cut bills by reducing green subsidies http://www.bloomberg.com/news/2013-11-10/merkel-s-coalition-to-slow-wind-energy-expansion-to-reduce-costs.html

Germany is looking to reduce is green expansion cos the bills are too high! Just like at home then! http://www.bloomberg.com/news/2013-11-10/merkel-s-coalition-to-slow-wind-energy-expansion-to-reduce-costs.html

RSA nicked it on the big fall, UKW will have to wait for the second placement then ................. unless it falls more!

Well the figures are not great, management have been suspended, the weather is bad, profit warning and the divi was cut. Why would you want to invest? Well hopefully all this bad news adds up with the latest SP drop to consider a buying opportunity. Not sure there is "blood on the streets" but current metrics lowish P/E 6% divi etc look attractive. The divi cover is low and this could fall further (hence why Ive only dabbled) but its close to its 52 week low of 101. Often there are overreactions and this maybe the case. Pity it didn't co-inside with a market correction or we might be seeing mid 70p ish. Will be keeping an eye on this and will consider buying in tranches on further dips. I also like to buy when its below its 200 day avg, which this is. Hopefully eyes will be all over this company now and hopefully things can be turned around for the better. Will heads roll? maybe. There is rumor of a takeover too. For me its about the long term, this is a risk, as all shares are but is it too much of a risk? you decide but its climbing off its lows ................. but how long for? As always DYOR and good luck whatever you decide

stepptoe, I agree that this is a bit of an over reaction and was hoping to get some more SL. really but this looks too good to miss. Although I have dipped in now I havent run through the figures in detail, but if I did I think they may have normalised to a truer value. You snooze you loose

This is now basically just trading below the IPO price taking into account the divi paid. I thought that power companies being the bad boys in the news and eco subsidy's was the reason that this was being dragged down. I was considering topping up on this drop but now wonder if I should wait as a second placing might be on a discount to attract more investors. The placing makes better sense that maxing out debt but these politicians swing in the breeze with possible windfall taxes, cuts to tariffs etc are not helping in getting the initial investment going for a better (and cheaper) tomorrow. Maybe I should hedge my bets and just add a little now and hope for a bit more later on the second placement ...... just in case this opportunity disappears into the sunset.

I read an article based on technical analysis that suggested a drop was in order for STAN's SP. I was hoping that a few negative factors would combine to allow a top up opportunity. It keeps falling (and rising) but not far enough. Asia is on a downer at the moment and the dollar is getting lower too but on a long term basis this should be good to have, hence why I want some more ........ at the right price! Maybe I need to up my price a little if I really want to get in a for a bit more but is that just greed in a bull market? Maybe I should just wait until it come my way but I could be waiting a long time and the odds are maybe more with you at the moment

Rate rises are generally bad for share prices and for banks. If you can earn more income in "safe" cash why take a risk with shares? It also depends on the inflation rate. Currently there is a lot of cheap money which is great for borrowers but not so good for savers. So the people who have done the right thing in saving are suffering as everyone is helping the borrowers especially those who have over extended. I cant see 15% rates in the near future, there was something about a 1% rise throwing millions over the edge (scary thought) but rate will have to rise but its trying to time it without killing the growth that has appeared. There are a lot of zombie firms and families who are only surviving because of low rates and when these do go up we could see some carnage unless its done in a controlled way. I suppose the longer the rates are low the more chance finances can get back on track if you can find ways of making some ove rpayments or until things "pick up" I think the trend has been to reduce overall borrowing recently, well in the UK anyway, the US is another matter. The clever people over there will have to work something out. If the $ keeps falling we might have to transfer all those sweatshop jobs from China to the US. Cant be good for stocks that use $'s such as ULVR STAN HSBA BP RDSA etc my income might fall in sterling terms!

Not positive, with a market down day expected so it looks like this might get even "cheaper" (see previous posts) One to watch? not too sure, might take a while to get back on an even keel. It looks like things are getting worse at a faster rate.

The Share price is falling nicely might have to think about at what point its worth topping up. 630 ish maybe or will it run away