Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
RSA (RSA), once gloriously known with Shakespearean imagery as Royal Insurance and Sun Alliance, - before the sum of the parts were merged and reduced down to a mere abbreviation - has announced a rights issue to ensure that it has enough capital in the balance sheet to keep regulators content. It is not a share that I have bothered to look at previously, but the scent of rotted shareholder value draws me in for a closer look.
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