jarfurrank
05 May 2016
Re: Returning to Strong Assets RSA is still a 'dog'................but a slightly better one!Has a way to go yet before I sell out.
weblogic
04 May 2016
Re: Nomura - self drive How will the insurance market react to the new era of self drive electric cars/vehicals, which are apparently set to start arriving on the roads.I guess these will be phased in over a number of years, and I still wonder how people wil react to the concept of `auto pilot`, ie, they hand over the complete control to some computer control system. I see Google are apparently teaming up with Crysler ...And if accidents occur, which is bound to happen, who will take the blame, or will those self drive cars or other vehicles be always deemed to be in the right.It all looks a bit strange.. how do you feel about handing over control to some robotic device?? .
nk1999
03 May 2016
Barclays view From ADVFN:"RSA Insurance got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 545p from 457p.Barclays said RSA's full-year 2015 underlying results were "very strong", beating company collected underlying earnings per share consensus by 20%.Most impressive was the speed at which the loss ratio has started to improve, the bank said.It noted RSA's plans to close the gap to the best in class players in each of its core markets, UK, Scandinavia and Canada by 2018."While we acknowledge that it is rare for a mid of the pack insurer to become a 'best in class' insurer, we do believe RSA has set out a realistic plan to get there," it said.RSA is aiming to have a combined ratio of 94% or lower in the UK and Canada, and 85% or below in Scandinavia.Barclays reckons there is significant upside even if the company is only partially successful, and its new price target is based on RSA getting halfway to its targets. The bank's base case assumes RSA gets halfway to its targets, with 2018 earnings per share of 48p and a combined ratio of 92.8%."RSA up 17p today to 476p (vs 545p target).nk
nk1999
03 Apr 2016
Deutsche From Citywire on 30/03/16:"RSA a safe bet with ‘some opportunity’RSA (RSA) has set ambitious new targets for its margins after Zurich pulled out of a bid for the insurer. Deutsche Bank analyst Oliver Steel retained his ‘hold’ recommendation and upped his target price to 515p from 450p.The shares rose 1.2% to 472.7p yesterday. ‘The aborted offer from Zurich last year appears to have galvanised RSA’s profit improvement initiatives, and management has now set ambitious new targets to deliver margins in line with the best of its peers in its main markets,’ he said. ‘We think a good deal of this is achievable, and our forecasts for 2018 estimates are c.30% into the new target ranges, giving a price/earnings ratio in 2018 of 9.7x. Against this, we think continued balance sheet restructuring limits the dividend-paying ability for the next two to three years, leaving the yield trailing most of its peers even by 2018. In short, we see RSA as a relatively safe place while markets are volatile, with some opportunity, but we’d prefer a cheaper entry point than here.’ "
nk1999
08 Mar 2016
Nomura From ADVFN (RSA BUY with target 510p):"Nomura upgraded Admiral to 'buy' from 'neutral' and lifted the price target to 2,325p from 1,630p as it took a look at UK non-life insurers.The Japanese bank's two key reasons for upgrading the stock are exposure to rising UK motor rates and the potential to pay out excess capital return above guidance.The new target, meanwhile, incorporates a better earnings outlook, a lower cost of equity and a terminal growth rate of 2.5%.Nomura kept RSA Insurance at 'buy' and lifted the price target to 510p from 495p, saying the group could over-deliver on restructuring, which could lead to earnings per share upgrades of 20% in 2018.The bank maintained its 'neutral' stance and 400p price target on Direct Line Group.It said that while DLG provides the highest yield, there is more upside to the base case for Admiral on special dividends, while Admiral is also relatively more exposed to UK motor.Meanwhile, RSA offers more upside potential on restructuring than DLG.On Admiral, it said: "The stock de-rated in the wake of reserve strengthening due to bodily injury claims in 2011 (which ultimately proved to be too conservative) and then additional regulatory headwinds and UK motor rate declines."
paddington_bear
25 Feb 2016
Returning to Strong Assets Mr Hester has led the team to a first class year and the turnaround is if anything ahead of plan. Particularly pleasing are the achievement of targeted asset disposals near desired prices, conforming to the new regulations, getting pension schemes under control and the sharp rise in profits. Spinning off from this last is the raise of dividend.It is several decades since I underwrote for what was then Sun Insurance (rSa), but the progress in restoring the group is most gratifying - I had feared the distraction of the unexpected Zurich bid might be a drag (although the quick profit on the share spike was most welcome!)If 2016 continues as hoped, the company wil have changed from drowning, to afloat with a lifebuoy to spluttering up water on dry land in only three years.GLAPB
Ripley94
26 Nov 2015
Re: NEW ARTICLE: RSA attracts buying interes... Tip by (s.p) Today
II Editor
05 Nov 2015
NEW ARTICLE: RSA attracts buying interest " LSE:RSA:RSA Group's share price plunged by almost a quarter when Zurich Financial pulled the plug on its potential bid for the UK insurer. Now, six weeks later, it's issued a reassuring third-quarter update and played down the "distraction" from ..."[link]
idontwanttolose
26 Sep 2015
Insurance business will stay turbulent for a while yet, warns RSA chairman [link]
idontwanttolose
25 Sep 2015
UBS shareholding goes past 5% UBS would not be buying if they thought RSA. was not going to recover or get a BIDFull name of person(s) subject to thenotification obligation: iii UBS Investment BankUBS Group AG4. Full name of shareholder(s)(if different from 3.):iv UBS AG London BranchUBS Limited5. Date of the transaction and date onwhich the threshold is crossed orreached: v 23 September 2015 6. Date on which issuer notified: 25 September 2015 7. Threshold(s) that is/are crossed orreached: vi, vii 5%A: Voting rights attached to shares viii, ix Class/type ofsharesif possible usingthe ISIN CODE Situation previousto the triggeringtransaction Resulting situation after the triggering transaction NumberofShares NumberofVotingRights Numberof shares Number of votingrights % of voting rights x Direct xi Indirect xii Direct Indirect GB00BKKMKR23 No Previous Disclosure No Previous Disclosure - - 51,218,152 - 5.04%
chita54
22 Sep 2015
Re: 401.60 -107.90 (-21.18%) Real-time: ... They should have not opened up their books without a formal offer. The Zurich mob played up a bit in the sand pit and then left when they felt like it.Another one to be added to their list bad things and not to do AGAIN in RSA.
Mark Y38
22 Sep 2015
Re: 401.60 -107.90 (-21.18%) Real-time: 8:... I can't see why there would be a break fee as no formal offer had been made. More than that, every statement made by Zurich stressed no offer had been made and there was no guarantee one would be made. I am pretty sure any break fee is normally part of a negotiated offer.
Kool Keith
21 Sep 2015
Re: NEW ARTICLE: RSA plunges after Zurich vo... There could be a silver lining.....Zurich has confirmed to RSA that the due diligence findings were in line with their expectations and, while the process had not been finally concluded, they had not found anything that would have prevented them from proceeding with the transaction on the terms announced on 25 August 2015," said the company Monday.
II Editor
21 Sep 2015
NEW ARTICLE: RSA plunges after Zurich volte face "A profits warning at its general insurance business has forced Zurich Insurance to scrap its proposed £5.6 billion takeover of LSE:RSA:RSA, a day before its "put up or shut up" deadline expired. The deal, which had not yet been officially ..."[link]
MJS1234
21 Sep 2015
Re: overdone Same hereGLTAMJS
