Greyinvestor
08 Jan 2018
Announcement Slightly odd anouncement of the resignation of Tom Booth today. I thought that he was the heir apparent. Not sure how the market will react. Clearing the decks for a bid? Who knows......I'm sitting on a now decent sized holding, relative to the size of the company.
TX2
10 Nov 2017
Re: Further purchases Lets hope it continues to pump out these special share "dividends/capital returns" which morph into cash.I think we reached Y shares in October;whether after Z is reached it reverts to back to A remains to be seen......As R&Q is based in Bermuda I almost expected to feature in the Paradise Papers.
Greyinvestor
10 Nov 2017
Further purchases Made a couple more purchases @£1.34, so now have a reasonable stake.....
pasak
03 Nov 2017
Re: Back in Based on the capital return cycle, increased optimism surrounding the company and on the recent, moderately successful open offer I would guess this perversely is not the time to be adding; but hopefully I'm wrong about that.I took up my entitlement in full at 129p and added a further tranche also at 129p under the terms of the offer although I was scaled back by about 30 pc.My strategy is to sit tight with an increased stake and possibly pick some more up under 120p (if seen) around New Year or February.pasakWould prefer to see it gain strength from here however.
Greyinvestor
03 Nov 2017
Back in I've been out of RQIH for quite a while. I thought that they slightly lost the plot. But I'm now back in with a modest purchase, and may well add to it in due course.......
thirty fifty twenty
04 Sep 2017
at 146p results to be ahead of expected 1709 at 146p the amount of positive statements in the results today is rare to find amongst all 2,200 listed companies IMHO. In particular what I like is that RQIH operates in long tail and ‘predictable’ businesses. i.e. they don’t want to look silly so if they express publicly such confidence it is because they know that they have profits in the bag awaiting for time to pass before they can be announced. In particular they talk about the simplification of the business is a ‘significant’ and ‘a priority’. It is reasonable obvious which bits of the business they will be disposing and this is expected to be materially above current book value. So they are obviously confident that the group will look differently after this disposal and that the disposal will add value. To be it is a very green flag. The management know something is going to happen but the market and market commentators cannot take it on board yet as it has not been announced. The evidence being the gradual rise in the price from 100p over the last year.I value the business and recurring dividend at closer to 200p.And expect that Simon Thompson will soon start to cover in the ic.All IMHO, DYOR + BoLRQIH is in my top5 hldgs
paul1945
29 Jun 2017
Re: 8% of the company traded - interesti... Mr Randall & Quilter have sold these shares sold mine may buy back if they fall
Red Ninja
29 Jun 2017
Re: 8% of the company traded - interesting Mmm, interesting.If someone's bought someone has sold.Time will show who has got the best deal.Also one of my top holdings, in from the 90p days ...
thirty fifty twenty
29 Jun 2017
8% of the company traded - interesting these shares are very very tightly held with only 18% in 'public hands'so 8% traded must be a move by one of the big shareholders.....of course the interesting bit is to see who has bought these shares in such a tightly controlled company as they must be there for the long term.i would also deduce that RQIH mgt team would be not promoting the compnay until this trasnaction has been completed, so i think if anything there could be further good news around the corner.All IMHO, DYOR + BoLRQIH is in my top 5 hldgs
pasak
21 Apr 2017
Re: Watching Grey,They have been returning capital to investors via a distribution policy that was initiated in 2015. The advantage of this over dividends is that it is not taxable. You might conclude from this policy that the company is struggling but in fact earnings have held up quite well. The payouts have been handsome, equating to 6.5% tax free p.a. based on the current sp or well over 8% p.a. equivalent in dividends, depending on your tax band. I'd say that regardless of the overall market direction this will either go sideways or rise as we approach the bigger August return of capital followed by the smaller November one. A comfortable buy/hold therefore in my opinion.pasak
Greyinvestor
21 Apr 2017
Price rise I did, of course, note the price rise in advance of the results. Nothing ever changes in the City........
Greyinvestor
21 Apr 2017
Watching I'm watching these again, after a three year absence. In my opinion they are showing a welcome return to form.A couple of negatives; there is always risk with buying up old books, you can easily get the risk wrong. Also the Net Tangible Assets, which is the true measure of insurance company strength, has only risen from 83.7p to 85.1p. Currency effects alone should do that.What the above is showing is that the company has been distributing it's profits as dividends, rather than retaining any. And yet the share price has risen quite a bit.I could be a buyer of these again, but only at a price which reflects the NTA. A multiple of 1.5 is quite rich......
the julio
20 Apr 2017
Results out Great set of results with an increased dividend.Pre-tax profit £8.5m (2015: £2.8m) Further net reserve release in run-off insurance companies of £7.9m (2015: £8.3m) EPS 11.7p (2015: 4.2p) Proposed Distributions per share 8.6p (2015: 8.4p) with a final proposed distribution of 5.2p (2015: 5.0p) payable on or around June 8, 2017 Return on tangible equity 13.5% (2015: 4.4%) Investment return 2.7% on the Group's investments (excluding intercompany loans) (2015: 1.1%) Book value per share excluding goodwill 107.4p (2015: 98.5p)
thirty fifty twenty
19 Apr 2017
a nice 2 day rise before results! .
jonwig1
25 Apr 2016
Re: Results "Things" are actually much in-line with what they expected. It's the outlook I think which has moved the price. They are getting rid of underperforming stuff and, to the point, suggesting 8.4p pa distributions are feasible for the forseeable.(I do agree, insurance companies' accounts are the devil's work.)
