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see OTB is motoring too TRN will soon perk up as will SSPG - this is a very tradeable move - IAG too.
or perhaps the low value bid that undervalued the company was well above the SP. These things have a habit of leaking out eventually.
Travel restrictions review later today maybe the reason for the rise !
could be a sell the news or perhaps just a start as the big boys pile in.
Hi Mary, good to see the sustained rise from yesterday, also bought more IAG earlier to average down....
what news is causing this increase?
could be an almighty spike coming up GLA
Smithy never answers question just likes to troll.
Smith - are you in or out. Hope you closed your well executed short and made some good buck.
Yes Hexam a "minefield" to the uninitiated .
A good investment especially with the tax / costs breaks , if one considers it a goer .
Thanks IC. It can be very confusing, especially if going through for the first time. Hopefully it made sense and I haven’t said anything misleading - hopefully someone will shout if I have.
I would add though that if anybody is unclear what buttons they actually have to press to make the choice they want, or to clarify the choices available, that they really should speak to their broker/provider.
Great explanation Hexam , a big effort and cutting to the quick !
There is the stamp duty element that is an advantage ( if all goes well in the longer run ) also the dealing costs from most platforms ?
Thanks for the explanation, I was also confused.com
No problem NC. Hope the typos didn’t confuse - ‘do’ should be ‘sp’ near the end!
One thing I should clarify - I said if you think the sp will go up then this suggests taking up the rights. It’s not as simple as that as most of us here obviously think the sp will go up (as we’re still invested). It’s more about whether you feel it is worth investing more - and of course that you have the money available to do so - or are happy with your existing number of shares. Good luck whatever you decide to do.
Hexam, brilliant, thanks for taking the time and effort to explain.
NumptyClub - You should be seeing two lines for easyJet. One will be your original shares which should have a price around 593p or whatever the current sp is when you read this. The other should be your right to buy new shares and these should have a price around 183p i.e. around 410p less than the sp and will move in line with it.
Your main choices are either to:
a) sell these rights at 183p each
b) take up these rights and pay 410p for new shares (you are entitled to buy 31 new shares at this discounted price for every 47 you currently hold).
Note the price of 410p is fixed and is the difference between the sp and the value of the rights. This means there is no difference in value between each choice and no-one should be advising you to do one or the other. It should be your choice depending on whether you think easy sp will go up in the future (so take up the rights) or down in the future (so sell the rights). In other words do you want to do increase your stake in easy or effectively reduce it?
Please also note that although you are buying shares worth 593p for just 410p (or selling rights for 183p) this does NOT mean you are making a quick profit even though it looks like it. The value of your existing shares has simply gone down and in theory this should offset the value of rights you have received. In fact the sp has currently fallen by more than needed for this and this is why the rights are showing as losing money at the moment.
If you take up the rights and invest more you will end of with 31 more shares for each 47 you held. So if you had 4700 you will end up with 7800. All priced at 593p (or whatever the do then is).
If you sell the rights you will get no new shares but end up with your original holding i.e. 4700 in the above example. Again these will be valued at 593p. Note that you do have the options in between - i.e. sell some rights and take up the rest.
Sorry for the long explanation but hope it helps.
Apologies for this question but have not been following what's going on. I seem to have had some of my ordinary shares transfer into shares to fund the rights issue, these shares are £1+ and are shown as having lost value already. There is some mention of £4.10 price which I think is what the EZJ buyer offered. The guidance appears to be to buy these shares. What happens to these shares after the rights issue. I am more than a little confused.