Member Info for seen_it_done_it

never rises like Aviva. That's why for so many years it remains in the range of 100 - 130+. This is abo****ely a tortoise sort of share. But still if you know when to get in and when to get out and do it two or three times a year then you can still make a little pocket money. To tell the truth, RSA isn't a good investment at all if you are a long term shareholder. Only those, who bought their shares in Nov 2011 or May 2012, two very short period of times might have paid less than the current price. All the others, who bought in the past 5 years would be most definitely in red. For those who bought @120 - 130+ may also have lost part of their dividends as well not to mention the inflation. On top of that, many had gone through all those roller coasters ride too. No doubt it can be rated as a bad share, lagging the general market quite a bit. So is HSBC, they are eaxctly the same price as 5 years ago as well, but much greater range to play with in these past years though. So, that's why I only play the range and never intend to hold it for long term. Simply it isn't worth it. This is the third time I bought in this share this year and my target exit is 115+ or somewhere about. Hope that it will get there some time soon, before Xams would be even better with all fingers crossed.

I guess taking the cash option may be better this time. So, bad luck for those who opted for the scrips. But it doesn't affect me either since I have just got back and missed the latest divs. I am with Lloyds-online-sharedealing, now is managing by Halifax. My is the nominee and also ISA account and they never offer me the scrip dividend option before anyway. As to modsa, thanks for reminding us my friend. I think bad luck comes in twos is quite enough, So, let's hope not!

Everyone, and good evening. Just got back on board @103.9p, hoping for a Santa rally. Will there be one this year, I wonder? Anyway, I think the worst should be now over, with all fingers crossed of course. So, good luck to all. May this Xmas a good one for everyone of us. Also good night.

All I could say is that I do partly agree with you. Yes, it is an over reaction but at the same time it seems to me that the dust is still not quite settled yet, making it look a little bit murky for just now. We may need a bit little more time to have a more clear view of the whole situation before anyone should jump in just in case there are more skeletons might be coming out from the closet through the PWC investigation. Also, if it went down today even when the market was up then it could drop more tomorrow if the market is turning south. I am not saying that buying now is absolutely wrong but may be, just may be there is an even better entry ahead. And I think a two digits SP is quite possible. Of course, once again, I could be quite wrong. Anyway wafdik. So, please don't take my opinion as an advice or recommendation but DYOR.

weigh in. Since I don't hold RSA anymore, so, please ignore my opinion. I think the current sp could well be or near to the bottom, but there is still a good chance to go lower. Exactly how low that I can't tell. The lowest closing sp in the past 5 years was 97.00+p recorded in May last year. Will it revisit it again soon that I don't know either. And if it does go to as low as that then I will be back in again for sure. In the meantime I wish all of you faithful holders the very best of luck.

Sorry to reply you late DontheBiship. I have been out all day babysitting my grandson. Actually Gerry557 has already given you a very good answer for your question. I have nothing further to add about the divis. And Lee's statement was only a standard procedure just to reassure the market and the investors alike. But the thing is, the damages has already been done. Many people would still be very cautious about what PWC may find in their investigation. So there may be a very bumpy ride for the sp in the short term. Just like last time when the dividends were cut and the sp took quite a while to recover. Of course this is only my take and again I could be wrong.

Like MAO3 just said, RSA will increase their shares number by an average of 5-6% a year if every share holder chooses to take up the scrip div option. No wonder the sp never go much higher all those past many years! And that was why I have been in and out playing the top and bottom range all these time.

I understand what you said. Yes, of course there are always some bargain hunters about to snap up some cheap shares. They are usually those who would benefit from any crisis picking up cheap shares from inexperienced investors such as me! But I wish people who are holding the shares the very best and I will be back soon when the dust has settled. Good night all.

We all make mistake mate no need to apologise. Well, to tell the truth, I chickened out last week when it dropped to 121.4p after the first profit warning and just managed make a few hundred pounds of profits (only bought in 3 weeks ago) plus saving myself more than £1.5K if I still hold. I also bought back this morning but sold again this afternoon making another £300 after expenses deciding to leave it alone just now for safety reasons. Of course I could be wrong, it may start to go up quickly from tomorrow and I might have to pay much more to buy it back again, who knows.

with no offense intended but I think you were wrong. The share has already gone ex div on Sep 25 and Nov 22 is just the pay day. You will still get your divs if you sell your shares now or any day. There is no need to hold on for your entitlement at all. People staying are just long term holders nothing to do with the 22nd divs payment I am afraid. Also, the sp dropped too quick no time for many to react and now is too late to sell anyway.

Another profit warning, the second one in a week and three directors were suspended in Ireland. The report says after the market closed on Friday, RSA disclosed that it had identified “issues” in the “claims and finance functions” of its Irish operation and that these would knock about £70m, or 15 per cent, off operating profits this year. Brace yourself for another big fall in the SP on Monday everyone, dear me!

the last line says: "which could lead to a near 7 billion pounds ($11.35 billion) approach." Near £7billion would equal to about 190p a share! Yes, please, thank you!

MILAN, Oct 23 (Reuters) - Italian insurer Generali denied a report in the British press on Wednesday that it could be interested in RSA Insurance. "Generali denies rumours of an approach for RSA Insurance," a spokesman said. RSA shares were rising 2.6 percent in London amid talk that European insurance giants such as Generali and Zurich were casting their eye over the firm, which could lead to a near 7 billion pounds ($11.35 billion) approach. But this speculation is enough to send the sp rocketing today. Nice to see it geting near to 130p again.

from RSL, this is going to be good....

are very steady at the moment. Let's hope the recovery of the sp will continue into tomorrow and beyond.

now up more than 5p while the market is down, wonderful.

is seemed to be steadied now, no more drop so far this morning, perhaps it has already found its support.

it was last Wednesday and the result was on Thursday, oh hell!.....

it was 342.5p, not 242.5p, my apologies.

I don't think there is anything wrong with SL. It shot up to 421p in May 22 and it came all the way down to 242.5 in June 24 then it climbed its way up from there seadily until last Tuesday to 391p, but once again the result on Wednesday was good but not exceptional, the market was unhappy, so the sp fell once more. This is just a cycle. The thing is, will the 242p be the support line again this time, I don't know.