I love being in this share - it's sunk deeper than any drill the firm has made. To get back to my average we'll need the assistance of a North Korean rocket......................or possibly...........a 250 -1 consolidation. LOL
Another way of dealing with this is to just sell enough to take up the total of the open offer .... that way you get the equivalent of what your current holding would be in terms of shares but have a lump left that effectively hasn't cost anything additionally .... I see that as a potentially better option than what I've done to be honest but I really haven't decided whether to take up the offer or not so sold the lot... I'm on a frequent dealer option so it's less than a tenner dealing cost if I take it up....
Oh, I didn't know you could still be entitled to do that, but I suppose it matters crucially only sbout what you held on Offer deadline day. Fair enough.
To be honest though, with my average, Id have to literally buy millions more, so it isn't worth it.
If you've sold the entire amount of your normal holding, good on you, at least it's currently not trading at the 0.006p equivalent of the proposed placing price, but you know the risk of buying back in matey. Lol.
Hi Eric - I'd talk to your broker bud.... the qualification date for the open offer (21st Mar) has been & gone... my allocation in the open offer are sitting in my account waiting for me to say yes or no..... already sold up my entire holding & can buy it back at 2/3rds of what I sold for - question is will I .....still got until the 4th Apr to decide.
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.