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Brilliant post redmur!
Onulesin, on the contrary - I don’t hold here I followed the company post Intu with interest due to the unfolding economic chaos.
Tidd93. Thanks you have good points. But for curiosity do you still holding your shares?
Bully1985
with respect ..in this game you have to learn to stand on your own two feet and you aint gonna do that if you cant even read the RNS ..providing people with fish, doesnt help them learn to catch fish for themselves...
Onulesin31
you are going to end up worse reading dribs and drabs from loads of comments with bits of information in each one..than if you spent 10-15 minutes reading the entire RNS from start to finish and making notes you need ...you may have to go back and refer to it again and again, ...so it pays to be a bit familiar with it....
happy to be a d1ck if it pushes you to be better at this game
Good money after bad?
Objectively forget your current position - knowing how thing stand economically right now. If you did not have an investment in Hammerson would you buy one now knowing what you know? Debt is still incredibly high and with the disgraced government taking the economy to wrack and ruin (especially in the retail and commercial property sector) would you buy?
If your answer is no then you should know what to do. Loyalty offers nothing and a bird in the hand is better than one in the bush.
Either way your going to take a hit, your decision
Personally it took me many years to get over taking loss, the amount of times I couldn't do it just to see my position meltdown
Only for the brave
Tidd83. I get that, but just can't decide if i want to invest more money in to hammerson or to sell it and take a hit
onulesin31
"Any idea when consolidation and RI will take place? "
with respect ....READ the RNS .. we are not here to spoon feed you
Onuelesin - just to be clear if you dont take the RI you will potentially lose 94.6% of your investment.
If you invested £2000 you could potentially end up with a net result of £100 if you don't take up the RI, if you did you may in effected need another £2000 to keep your current investment level.
All figures are approximations but it will help explain the process. You can sell your entitlement to RI but it is just another factor to consider.
Read the proposed rights issue RNS from yesterday, its all in there
I get that part of RI process. Just never though they will take in account price after consolidation. But thanks for explanation.
Any idea when consolidation and RI will take place?
And again thanks everyone for you help.
Do you get it ? Are you sure, you can still ask more questions.
Available information show this will be 15p @ September 10th, if i have remembered correctly.
From where they taking 279.80p price?
there are TWO stages
1 The Consolidation
2. The Right Issue
the 279.8p is the consolidation price after a 5-1 share consolidation ...you will have far fewer shares before the Right Issue is then applied but the value of each share is worth more
Once the consolidation is applied then you apply stage TWO - the Right Issue - so you can then buy 24 shares at 15p for every one of the NEW consolidation shares
so..you will NOT be buying 24 shares for 15p for every share you currently hold - only the number after the consolidation
I get it now. Thanks for your explanation.
Thanks everyone for advices. I know they announced new 15p price. But I just don't get this parts of " a discount of 94.6% to the LSE Closing Price of 279.80 pence per ordinary share on 5 August 2020"
From where they taking 279.80p price?
IMHO if you really want exposure to a sector in extreme trouble with a company ladened with debt and you aren't sure how the RI is structured perhaps it is best to wait until it is all resolved and to see if the VIA deal goes ahead before making any decision.
A lot of people clearly do not understand what they are buying and, if they do not take up the RI after purchase or even know how to deal with it they will be wiped out.
It clearly says in the RNS that the new issue price will be 15p
However there will then be a RI to offer you 24 shares for each 1 you own at 15p.
If you choose not to purchase those (effectively doubling your exposure) your initial capital will take an almighty hit.
Hi. Can anyone please advise me with new RI price. As I bit conduce. As per document :
UK issue price of 15 pence per New Share represents:
· a discount of 94.6% to the LSE Closing Price of 279.80 pence per ordinary share on 5 August 2020 (being the last business day prior to the date of this announcement, the "Latest Practicable Date")
But stock price on august 5 was ~55p. And if they propoce 96.4% discount. So what will be new RI price.
Sorry if its dump question but I'm new to stock market.