$100m new equity to support expansion
A reassuring announcement on April 29th confirmed the underlying resilience of R&Q’s existing businesses, that the potential to grow both core divisions is intact (and conceivably will be buoyed by the current turmoil) and that the group can access expansion capital as required.Management believes that the pandemic will have a limited effect on its existing business, other than possible short-term delays in completion of transactions. The group’s existing legacy books have limited exposure to unexpired risk, and its program management portfolios are largely reinsured with highly rated counterparties.
R&Q reiterated its previous strategic outlook and intention to proactively pursue opportunities to grow its two core businesses, program management and legacy acquisitions. It expects the impact of the current disruption on the wider insurance industry to generate considerable growth opportunities.
R&Q will alert the market in due course re the expected release date for its FY19 results. Our forecasts are unchanged. We will review them post the results, as well as the potential EPS impact of the new equity.
Randall & Quilter Investment Holdings is a holding and investment company. Through its subsidiaries, Co. acts as owners and managers of insurance companies, live and in run-off, as underwriting managers for insurers, as participators and managers of Lloyd's syndicates, as purchasers of insurance receivables and as service providers to the non-life insurance market. Co.'s has 3 segments: insurance investments which acquires and assumes legacy portfolios, insurance debt and provides capital support to Lloyd's syndicates; insurance services which provides insurance related services; and underwriting management, which provides management to Lloyd's syndicates and operates underwriting entities.
Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.