I think they will raise the money through new shares, doubt they will use retained profits. they could mix it half and half, but my guess is a share issue.
RE: Deliberate Price Manipulation
I have to agree with you, as I said previously. Now what if someone important actually owned a lot of BKIR, and contrary to all expectations sold it, depressing the price and almost putting a hex on it. But what they really wanted was more, on the cheap, so they actually sold their stake to themselves and have played with the price ever since, waiting to get the big prize! Now who would do such a thing? Lol.
BKIR can redeem the prefs at any time: it simply needs Central Bank and MoF consent. All BKIR did today is to flag a current intent to derecognising the prefs as capital in H1 2016 - it can still bring this date forward. The more interesting question is whether it will repurchase the prefs from retained earnings or replace it with more equity.
good rise today
lots of strong buys coming in. it deserves it . sub 30c was looking very cheap
Oh Sweet Lord……I knew about this a long time but it;s only today it's really annoying me, Ireland really did get screwed by the rest of the world
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.