News Column

NAV Updates, Strategic Acquisition, Voting Rights Disclosure, New Partnership, and Divestment - Analyst Notes on Murray, Polymetal, 888 Holdings, RSA and SIG

June 19, 2014



LONDON, June 20, 2014 /PRNewswire/ --


Editor Note: For more information about this release, please scroll to bottom.

Today, Earnings Review released its analysts' notes regarding Murray Income Trust plc (LON: MUT), Polymetal International PLC (LON: POLY), 888 Holdings Public Limited (LON: 888), RSA Insurance Group plc (LON: RSA) and SIG plc (LON: SHI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3951-100free.

-- Murray Income Trust plc Analyst Notes On June 17, 2014, the Net Asset Value of Murray Income Trust plc (Murray), a close ended equity mutual fund launched and managed by Aberdeen Asset Managers Limited, increased to 791.95 pence from 791.13 pence on June 16, 2014. The Trust's share price close stood at 772.00 pence, representing a decline of 0.45% from previous day's close of 775.50 pence. According to the Trust, its NAV has generated a total negative return of 0.76% in the last month, underperforming the benchmark FTSE All-Share Index, which declined 0.62% during the same period. However, on a 3-month- and 6-month basis, the Trust's NAV has outperformed the benchmark, delivering a return of 3.66% and 8.49% during the two periods, respectively. FTSE All-Share Index returned 2.74% and 5.75% during last 3-month and 6-month periods, respectively. The full analyst notes on Murray are available to download free of charge at:

http://earnings-review.com/3951-MUT-20Jun2014.pdf

-- Polymetal International PLC Analyst Notes On May 22, 2014, Polymetal International PLC (Polymetal) announced that the Company has entered into a binding agreements with Sumeru Gold B.V. and Sumeru LLP (together referred to as "Sumeru") to acquire Altynalmas Gold Ltd (AAG), the holding company for the Kyzyl gold project. Polymetal informed that it has conditionally agreed to purchase the entire issued share capital of AAG, together with shareholder debt owed by AAG to Sumeru, for a total consideration of $618.5 million in cash and shares. In addition, the Company has agreed to pay additional cash consideration up to $500 million depending upon the fulfillment of certain conditions. Polymetal expects the acquisition to increase its gold equivalent reserves by approximately 50% and strengthen its position in Kazakhstan. The Company plans to complete the acquisition in Q4 2014, subject to receipt of the required regulatory approvals and fulfilment of other conditions. The full analyst notes on Polymetal are available to download free of charge at:

http://earnings-review.com/3951-POLY-20Jun2014.pdf

-- 888 Holdings Public Limited Analyst Notes On June 2, 2014, 888 Holdings Public Limited (888 Holdings) announced the voting rights and share capital of the Company in accordance with the FCA's Disclosure and Transparency Rules. 888 Holdings informed that as on May 31, 2014, the Company's issued share capital consisted of 353.1 million ordinary shares of GBP0.005 each. Further, the voting rights in the Company also totaled 353.1 million as each ordinary share represents one voting right. The full analyst notes on 888 Holdings are available to download free of charge at:

http://earnings-review.com/3951-888-20Jun2014.pdf

-- RSA Insurance Group plc Analyst Notes On June 17, 2014, RSA Insurance Group plc (RSA) announced that the Company has been appointed to underwrite Market Harborough Building Society's home building, contents and buy-to-let insurance as part of a three-year partnership. Tim Wright, RSA Affinity Director, said, "The building society market is a key area of growth for RSA and I'm delighted that Market Harborough has chosen to work with us. Our experience in working with companies that support their local communities has enabled us to create products that are specific to the needs of Market Harborough's customers and we look forward to working together over the next few years." The full analyst notes on RSA are available to download free of charge at:

http://earnings-review.com/3951-RSA-20Jun2014.pdf

-- SIG plc Analyst Notes On April 24, 2014, SIG plc (SIG) announced the sale of its home insulation installation and contracting business, Miller Pattison Limited (Miller Pattison) to Help-Link UK Limited (Help-Link) for a nominal initial cash consideration of GBP1. SIG informed that the consideration also includes deferred cash consideration of GBP1.5 million payable on December 31, 2016 plus earn-out cash consideration of up to GBP6.5 million depending up on the performance of Miller Pattison over the period to December 31, 2016, payable in 2017. In addition, the Company will pay GBP5.3 million in cash to Miller Pattison at completion. The Company plans to use the proceeds from the divestment for working capital purposes. Further, the Company is expected to incur an associated exceptional charge of approx. GBP13 million related to the divestment in 2014. The full analyst notes on SIG are available to download free of charge at:

http://earnings-review.com/3951-SHI-20Jun2014.pdf

=============== EDITOR'S NOTES: ===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

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