Member Info for MaoWombat

Yep, Zurich, AXA, also would be in the running perhaps AVIVA. One year can change a lot in an Insurance company. Get lots of premium in, pay less in claims and RSA will be a winner again. If not then T/O

Reuters article is a good read. Basically RSA doesn't need any more bad news and we are OK.

Agreed back to £1.20 is not a big ask. All that has gone on recently will soon be forgotten, unless there is more bad news yet to come ( which I doubt ). As regards a T/O..I believe too that it will happen, so rather be in than out.

Yes, we could have done without him being at the "helm"

Ship heading on a steady course ? steering in the right direction. Only Blue on the horizon.

Sold PXS and kept SIS dooh !

Every day in the blue is a bonus....Just need the sp to keep above £1 until the bad news is over.

ticking up....keeping above the £1 danger level. Wouldn't want to see it below that, now I have bought in.

Didn't get the bottom, but less than £1.04p I think was a good buy.

Broker ratings are still Ok, I see Goldman are now going for £1.15...and that's today ! So I think £1.04 is probably Ok to buy in at. I think I will be buying later today

Because of the unexpected ( to me ) S&P rating downgrade, I am changing my stance, this could go lower. however it now becomes an easy takeover target. I think this is best watched for now. There is money to be made here if you time your buying right.

Standard & Poor have lowered RSA rating, see below :- •Losses related to extreme weather, issues identified in Royal & Sun Alliance Insurance PLC's (RSA) Irish claims and finance functions, and adverse bodily injury trends in Ireland, mean RSA is likely to materially miss our capital and earnings expectations for 2013. •We are therefore lowering our ratings to 'A' on the company and its core subsidiaries. •We have placed the ratings on CreditWatch with negative implications while we consider the effect of any management actions to improve the financial risk profile of the group and to enable us to reassess RSA's management and governance and enterprise risk management frameworks. LONDON (Standard & Poor's) Nov. 13, 2013--Standard & Poor's Ratings Services today lowered to 'A' from 'A+' its financial strength and issuer credit ratings on Royal & Sun Alliance Insurance PLC (RSA) and its core operating entities. We also placed all credit ratings on CreditWatch with negative implications. I did not expect this to be honest

It could go half a pence lower

How much lower ? I think it's done...it should just follow the FT general trend now. imho

This will bounce back. As long as premium income stays strong, it will be Ok. Can't see that Standard & Poor will down rate them to the extent that it will effect premium income.

Looks good to buy now imho

Such a big drop today and nothing on this BB. Has it got this bad ?

Looks like there will be a buying opportunity on Monday. Bit of a shock to read here and in this morning papers re the £75m black hole in Ireland. No Guiness jokes please. This will shake confidence and I am sure there will be an over reaction to this. I would like to think the shares could drop by as much as 5p...which would mean I can buy in at £1.15, which is now my target price. Glad I didn't jump in earlier. Hicks...thanks for the divi info. I did look into it myself. Just a note that the final divi is usually above the interim. I cannot see that will change so a 2.5p final I guess. Having said this share is as dull as dishwater...it certainly is in the news atm.

Nothing to detract me from buying in here now. Anything under £1.20 is good IMHO. Just need to check out divi dates and then I can start to buy.

Always on my watch list...Insurance is always like this. A bit of a storm here and evidently in Canada. OK RSA and other Insurance Companies will have more losses this year. It is not a disaster and next year is another year. Premium Income is holding up and this is most important. Overall, I think we have a buying opportunity here now, for a share which is usually quite boring.