jarfurrank
28 Jul 2015
Re: What Happens Next? The 'wide boys' obviously had insider knowledge about Zurich's interest - it happens every time a bid is being planned / discussed and the authorities are powerless to do anything!The speculation and increased buying of RSA shares has forced Zurich into confirming it's interest.
schwee
28 Jul 2015
RSA RNS The RNS is more interesting for what it doesn't say rather than for what it does say. Reading between the lines, IMHO RSA has been in tentative talks with others, and accordingly Zurich has decided to launch a spoiler.
II Editor
28 Jul 2015
NEW ARTICLE: How much will Zurich pay for RSA? "Stephen Hester's turnaround at struggling insurer LSE:RSA:RSA has begun to show signs of working, but low interest rates, a strong pound and fierce competition have made life tough. The shares had fallen over 8% since we said the share rating ..."[link]
Market Guru
28 Jul 2015
Re: Time to put RSA shareholders out of ... £5.50 is effectively £1.10 (prior to Hester consolidating the shares 5 for 1 shortly after his appointment as CEO).My view is that the insurance premium cycle is turning and car insurance in particular is getting more 'expensive' for consumers across the industry. This in theory should assist the More Than brand to increase 'margin' as it will their competitors, like Direct Line, Aviva, Admiral, etc. Presumably, this will also have a ripple effect on other forms of general insurance; therefore, profitability should be on the 'up' in the next 2 years at least.Hence, £5.50 is too low and I'd more inclined to target a figure closer to £6 a share which would still be less than RSA was when Andy Haste made the 'aborted' takeover / merger offer for AVIVA's UK business a few years ago.Let's wait and see what Hester & Scicluna can negotiate for us beleagured shareholders.......As always, my own views here, so do your own research.M.G.
wind machine
28 Jul 2015
What Happens Next? Under takeover rules, the release of the statement by Zurich means it has four weeks to make a firm offer or walk away. I don't see the RSA Board putting up much resistance and fully expect Zurich to bid after being granted access to RSA's books. Let's hope the bid estimate of 550p doesn't prove too wide of the mark.
contrarianstyle
28 Jul 2015
Re: Time to put RSA shareholders out of thei... put us out of our misery Zurich. £5.50 will do
wind machine
28 Jul 2015
Time to put RSA shareholders out of their misery Today's announcement is unusually worded and suggests that Zurich has not been in active discussions with RSA over a bid prior to this announcement. Let's hope that Zurich go ahead and launch a formal bid. The books should be fairly clean and very few members of the Board or Executive team will have any particular loyalty to RSA (and a bid is realistically the only hope any of them have to make decent gains on their stock option awards).High time also that long suffering RSA shareholders were put out of their misery.
flexdream
28 Jul 2015
Re: Zurich Insurance Group AG said Tuesd... Is ZIG obliged to reveal its plans? If not what is their game? The market seems convinced they plan a bid, are they wooing RSA to approach them for a deal?
schwee
28 Jul 2015
Re: Zurich Insurance Group AG said Tuesday i... Oddly, nowt in this release about discussions, friendly or otherwise, with RSA.
idontwanttolose
28 Jul 2015
Zurich Insurance Group AG said Tuesday it is considering a potential offer ZURICH--Zurich Insurance Group AG said Tuesday it is considering a potential offer for the U.K. insurer RSA Insurance Group PLC.The Swiss insurer said that it is responding to media speculation about a bid for its U.K. rival.The announcement doesn't mean it will definitely make an offer for RSA Insurance and "there can be no assurance that any offer will be made," Zurich Insurance said.
jarfurrank
23 Jul 2015
Are bidders stalking this dog? Report in today's Telegraph that 'unusually high trading volumes' have led to bid speculation about RSA.If it's true - it's about time this dog of a business got taken over.
II Editor
07 May 2015
NEW ARTICLE: RSA gets brief reprieve "LSE:RSA:RSA's turnaround remains on track. Premium incomes returned to growth during the first quarter, costs fell, and the insurer completed some disposals. Profits, especially in the UK, were good, too. Low interest rates, a strong pound and ..."[link]
Ingenious Solutions
31 Mar 2015
NO IMPROVEMENT When are we going to see some better figures on this turkey? Still down 25% I had expected better from SH. Perhaps his success at RBS was a one of. Still holding though - I've got little to lose now.
Spain Fund
05 Mar 2015
Re: Earnings growth of 50% for 2015? Some crazy share prices in FTSE100. I did buy Fresnillo this morning and 4.2% ahead as I write but who knows the secret of the stock market lottery?. Silver spoon in the mouth DC has no comman sense of the man in the street. If he does not do a one-to-one with Milliband then is chicken and the public will vote him out. SNP would support Labour in any coalition but never Tories. Politics no interest to me, pigs in the trough and all that. Good luck in your strategy
Ingenious Solutions
05 Mar 2015
Re: Earnings growth of 50% for 2015? I'm not so pessimistic as you, my friend, so I'm sticking with largely equities for the time being. The election will no doubt cause a bit of turbulence. My prediction is that DC will get back in helped by SNP taking most of labour's Scottish seats. How a coalition will be formed is anyone's guess but Dave won't have the easy option of chumming up with just old Etonians.
