Thanks for the info, does this mean we could see another increase? to perhaps 115p
10 Oct '13
What does this mean
MARK4660 The Post Stabilization Notice is the partner of the Pre-Stabilization Notice made on 27th September. RTO have just issued 350m euro of notes (commercial paper) repayable on 7th October 2021. These are tradable on the markets in a way similar to shares. The Pre notice gave the markets advance notice that, if necessary, the banks which were managing the issue on behalf of RTO would intervene in the market to support the price. Anyone thinking of immediately shorting the issue could get burned so potential traders have to be warned. There is a specific mechanism for this type of market support (price stabilization). The issue prospectus or accompanying documentation will have made it clear that the total amount of notes issued may be up to say 10% more than the 350 million. If the banks saw that the market price was falling then they would have shorted up to the additional 10% of the issue. If the price continued to drop then the banks would have bought the notes needed to close the short on the open market and hence supported the market price. On the other hand if the price rose, putting the banks at risk of a loss, then RTO would have issued the additional 10% of the notes to the banks at the issue price. The banks would then use these to close the short and so avoid any loss. The Post notice is simply saying that no market interventions have been made.
10 Oct '13
What does this mean? Please
POST-STABILISATION ANNOUNCEMENT 10 October 2013 Merrill Lynch Intl Syndicate
12 Aug '13
I understand that Rentokils slimmed down structure has been rewarded with a 9% increase in profits. There is talk of insider movements with regard to some share buying but on the whole all is positive. it will be interesting to see if it reflects in the SP. Happy Rob
25 Jul '13
I heard there was something about RTO on the press review last night about this bid, anyone see that?
14 May '13
I'm in Logistics and surprised that City Link didn't drag things down further. If you read the hype about RTO the share price should be above 100p by now. Perhaps the delays in ditching City Link caused major investors to be cautious in the decision making process.
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