Randall & Quilter Inv Hldgs Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.8900555
I don't see much likelyhood of improvement until the sector improves but a reasonable hold in my opinion. By TX2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8900555&action=detail Tue, 01 Nov 2011 09:27:00 GMT TX2 tag:iii.co.uk,2003:tst.8893065 Love the dividend and the solid nature of the results but was hoping to see this price get back into the 1.20s again..any thoughts on any upcoming triggers?
Thanks By Pen2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8893065&action=detail Sat, 29 Oct 2011 17:29:00 GMT Pen2 tag:iii.co.uk,2003:tst.8747552 http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8747552&action=detail Wed, 14 Sep 2011 19:25:00 GMT alltold9 tag:iii.co.uk,2003:tst.8747357 Wednesday, Sep 14 2011 by Edison Investment Research
http://www.stockopedia.co.uk/research/h111-results-60063/
http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=5843


Sep 14th 2011 - Edison Investment Research today published a report on Randall & Quilter (RQIH.L, LSE:RQIH, LON:RQIH) entitled "H111 Results". In summary, the report says:

H111 included continued insurance releases, a litigation win, a higher investment return, a share buy-back and a tax credit. On the downside were a restructuring cost, slow new business in live underwriting, accounting rules deferring income and heavy investment. The outlook includes better profit-share commissions, more provision releases and the full benefit of buy-backs, partially offset by lower investment returns, and potentially more restructuring. PBT guidance is unchanged (EPS raised to reflect the low tax rate and the benefit from the five million share buy-back) and the cash return to shareholders is up 10%. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8747357&action=detail Wed, 14 Sep 2011 18:23:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8726605 Thursday, Sep 08 2011 by Equity Development
http://www.stockopedia.co.uk/research/in-fine-shape-59902/

Sep 08th 2011 - Equity Development today published a report on Randall & Quilter (RQIH.L, LSE:RQIH, LON:RQIH) entitled "In Fine Shape". In summary, the report says:

Randall & Quilter is a leader in the management of insurance companies and syndicates in run-off and of captive (re-)insurers and in negotiating the purchase of companies in run-off.At first sight results looked disappointing, with a 49% fall in IFRS pbt, although the swing from a heavy tax charge to a small tax credit leaves EPS down only 15%. However, since two exceptional profits in 2010 and two accounting technicalities in the 2011 half-year account for virtually the whole of the fall it does not portend ill for the future.There is again a tax-efficient distribution, increased by 10.3%, and they expect full-year profits broadly in line with expectations and higher dividends.Nevertheless the share price has since fallen to 102p, at... By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8726605&action=detail Thu, 08 Sep 2011 21:24:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8643904
However I wonder if share buybacks actually encourage people especially funds to sell.At the moment for smallcap shares there is very little in the way of keen buyers,so in normal circumstances it is pointless for larger holders to sell they would drive the price to the floor if they attempted.However as RQIH is acting as a buyer those funds needing liquidity think well we can at least get rid of some RQIH shares;and this selling drives the price down as it exceeds the companies ability to buy.

In general I am not in favour of buy backs.I feel if we have excess cash it should be returned to shareholders as a whole by divi or capital distribution.


Overall although the price has fallen back it is still above the early part of the year even if we exclude divi/distribution.I continue to hold. By TX2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8643904&action=detail Thu, 11 Aug 2011 14:35:00 GMT TX2 tag:iii.co.uk,2003:tst.8515658 http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8515658&action=detail Mon, 11 Jul 2011 07:49:00 GMT steelpulse tag:iii.co.uk,2003:tst.8436043 Thursday, Jun 23 2011 by Edison Investment Research
http://www.stockopedia.co.uk/research/agm-and-buy-back-57581/
http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=5242

Jun 23rd 2011 - Edison Investment Research today published a report on Randall & Quilter (RQIH.L, LSE:RQIH, LON:RQIH) entitled "AGM And Buy-back". In summary, the report says:

The positive elements from the announcement are: i) opportunities to buy insurance assets appear to be improving, ii) progress is being made with capital partners, iii) non-US owned insurance companies are showing early signs of promising outcome, iv) investment portfolio de-risking continues with better than expected investment returns, and v) potential profit commissions in the Insurance Services Division. On the downside, the US portfolios’ asbestos risk has additional uncertainty, while revenue generation in the underwriting division has been slower than planned. Management remains confident and has said it will initiate a buy-back programme, more details of which will be announced in due course. With it being too early in the year to forecast releases, we are not changing estimates. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8436043&action=detail Thu, 23 Jun 2011 10:35:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8287889 http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8287889&action=detail Sat, 21 May 2011 19:03:00 GMT ekers2 tag:iii.co.uk,2003:tst.8285628 http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8285628&action=detail Fri, 20 May 2011 16:56:00 GMT TX2 tag:iii.co.uk,2003:tst.8284668 http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8284668&action=detail Fri, 20 May 2011 14:52:00 GMT Red Ninja tag:iii.co.uk,2003:tst.8280621 http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8280621&action=detail Thu, 19 May 2011 21:57:00 GMT niknaks2011 tag:iii.co.uk,2003:tst.8251657 Competitor run-off
Published: May 13

http://www.equitydevelopment.co.uk/

http://www.equitydevelopment.co.uk/login By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8251657&action=detail Fri, 13 May 2011 18:47:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8251649
Friday, May 13 2011 by Edison Investment Research


May 13th 2011 - Edison Investment Research today published a report on Randall & Quilter (RQIH.L, LSE:RQIH, LON:RQIH) entitled "Legal Settlement". In summary, the report says:

Randall & Quilter has announced that it has won its five-year legal action with Seaton & Stonewall with all action against R&Q dropped, R&Q receiving damages for their claim in excess of $2m and a recovery of legal costs. Not only will this be financially beneficial, it removes a long-standing uncertainty regarding the group. In our note of 6 May, we highlighted the transformation of the group into an increasingly services-dominated business and that this should see the rating improve markedly.

http://www.stockopedia.co.uk/research/legal-settlement-56504/

http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=5060 By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8251649&action=detail Fri, 13 May 2011 18:45:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.8198963
Created: 3 May 2011 Written by: Simon Thompson

"To achieve satisfactory investment results is easier than most people realise; to achieve superior results is harder than it looks." Those sage words from the grandfather of value investing, Benjamin Graham, will ring a chord with most investors, myself included. In fact, although my annual Bargain Share Portfolios have managed to beat the FTSE All-Share in all bar one of the last 12 years, and by an average of 15.6 per cent a year, it is fair to say that active portfolio management has contributed considerably to the above-average returns in recent years.
In essence, I have tried to maximise returns on a risk-adjusted basis, which is one of the reasons why my 2009 portfolio returned 53 per cent - more than double the rise in the FTSE All-Share that year. It is also why we did even better last year, with the 2010 portfolio's 50 per cent total return well ahead of the 18.6 per cent rise in the benchmark index.
Generating these bumper returns is no mean feat as the task of closely monitoring the operational performance of the companies - there are no fewer than 10 shares in my 2011 portfolio - requires considerable time and effort. However, if trading volumes in shares of these companies is any guide, these portfolios now have quite a following and so warrant regular updates.
A Noble Investment
Shares in Aim-traded Noble Investments have marked time around my recommended 150p a share buy-in price even though the rare coin trading company announced a bumper set of half-year results a few weeks ago. Pre-tax profits rocketed ahead 40 per cent to £1.5m in the six months to end-February, driven by a good showing in both retail and auctions as appetite for alternative assets is as strong as ever.
For example, a recent auction held by Noble's auction house, Baldwin, in Hong Kong, brought in over £4.2m of sales - more than double the pre-auction estimate - as coins and earlier sycee gold and silver ingots used as currency in China until the 20th century proved very popular. In fact, over 200 bidders attended the event and Baldwin is now working on consignments for another Hong Kong auction in the summer.
Post results, analyst Eric Burns of broker WH Ireland sharply upgraded his estimates for this year and next, and now expects Noble to report full-year pre-tax profits of £2.6m and EPS of 13p - a 13 per cent upgrade - rising to £2.8m and 14p, respectively, in the 12 months to August 2012. On this basis, the shares trade on a modest forward PE ratio of 10.5 and look well underpinned by a near 3 per cent prospective dividend yield. And this rating is even more conservative if you consider that Noble retains an ungeared balance sheet - net cash stood at £2.4m at the end of February. Mr Burn has a fair value estimate of 192p a share which is very reasonable and I continue to rate the shares a strong buy.
Time to heed shrewd share buying by Polo directors
Investors are starting to warm to the merits of commodity investment company Polo Resources. They are not alone, either, as Neil Herbert, executive co-chairman, bought another 5.1m shares at 5.22p after the company released results at the end of March and Regent Mercantile, a company wholly owned by the trustee of a trust under which executive co-chairman Stephen Dattels is a beneficiary, acquired 12m shares at 5.35p at the same time. And, late last month, Regent Mercantile topped up its holding again by purchasing a further 6.36m shares at 5.82p and non-executive director Ian Stalker has also been getting into the act, purchasing 1.77m shares at 5.56p. It is easy to see why.
Firstly, the shares are trading 10 per cent below end-March 2011 net asset value (NAV) of 6.6p a share, and on an even deeper discount to pro-forma NAV of 7.22p a share, assuming that the takeover of Australian coal miner Caledon Resources - a company in which Polo owns a 29.9 per cent stake - completes. That looks even more likely given that By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:RQIH.L&display=discussion&id=8198963&action=detail Tue, 03 May 2011 14:08:00 GMT SpikeyDT