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Each 4 shares gives you 9 new ones. Not each 9 shares give you 4 new ones.
If prices went back to pre covid then it would go back to around 615p.
Correction on my previous post:
I assumed Hyve consolidation simply meant share quantity drop of 10:1 (hence price increase of 1:10) but I believe the calculation was something like
old shares / 10
then each 9 of these shares giving you 4 new ones
therefore 90 old shares resulting in 4 new ones.
That said, my question is still valid, if everything went back to normal, would one expect current 104p to go up to 600?
Hi everyone,
I'm quite new to share dealing, thinking the price slumps due to this pandemic is a good opportunity to invest. So..
Hyve share prices seem to be different on Google Finance APIs, Yahoo Finance and London Stock Exchange charts too. I know it was discussed a few days ago that this is due to the consolidation and rights issue, but taking everything into account, can anyone confirm if the current price of 104p would've meant 1.04p with the old prices a month or so ago? Google is showing prices of 3,000+ for the past 6 months, which is ridiculous because that would mean if everything went back to normal Hyve would go back up 30x? Or does Google's 3,000 really mean 300 with the current price?
LSE on the other hand shows prices around 615 for January? Is that even correct? Because even if that is correct then it's still a 6x increase from the current price. The way I think about it is let's SUPPOSE when this pandemic is settled and life is back to normal, all stocks gradually go back to the same levels as before within a few months, if that were to happen would we expect the current 104p for Hyve to go back up to 600 or 3,000? Even a 600-level is a 6x increase so still very worthwhile but wanting to check I'm getting it right.
Rights issues are a big con they make it sound a good deal then over the following month you can buy them under the issued price !!
As I said I'm a buyer under the 69p ( 55p target )
Let's see because all what's going on around the world in USA / UK China Hong Kong potential 2nd waves Riots has to effect the markets at some point!! The ftse at 6260 and the Dow at 24500 is just ridiculous at least 25% overcooked IMHO.
Q2 results haven't even been priced because companies haven't even given the market their potential earnings for Q2 !!
When the numbers hit market and reality sets in then let's see if the rally continues ???
I'm wondering exactly the same. I bought around £2.5k of shares @ 12.28p which were doing very nicely, thanks very much and I was considering profit-taking.
Now this... as LaTorre says, taking up my options of another 4500 shares @69p does not seem like a good idea at the moment. I just can't get my head round this :)
This RI doesn’t look good now, looks like we will be able to buy the shares below 69p on the regular market, or am I missing something!
If you are hoping for 55p u might have a long wait lots of trades after close of BUY hope it’s a good sign but probably not with my luck
I will definitely buy under 69p which is a given as institutions always sell there issue shares ASAP !!
Target is 55p ??
If I buy these shares now am I obligated To buy the new shares are has this passed now?
Dropped from 110p to 88p in a couple of days. With this kind of downtrend, do you still think itis worth participating in RI and buy @ 69p?
Do we know what the cash burn is for the next 12 months?
The RI issue is fully covered and any options not taken by the shareholders will be bought by the Institutions for 69p. After the event the company will have 265m shares in issue (approx). Right now that would value the company at £265m. Previous value was around £600m-800m.
So we will be the same company with the same assets / IP, but we will have less shares in issue and £116m in the bank. I believe £2/£3 is fair value to start from.
AIMHO
BB
I agree with you waqas5711.If you have a 10 to 1 consolidation and the share price was 18.5p then you would expect the new price to be £1.85 and not the 98p it's now trading at.You're right,how ever we look at,it we've lost half our money.
So technically speaking I have lost half of my money. Because yesterday, I was break even @ 18.50 & not it is trading @ 110 ?? &
The ex rights price from close of yesterday, including consolidation is 105p. So anything above 105p today is an increase from yesterday.
Last markat price was 18.50, why they are trading at 110 instead of 185p, share consolidation 10 to 1..so my share reduced by 10 & share price multiply by 10. How did they calculate new price of 110 ?anyone
Hi, they’ve done a share consolidation as part of their raise. Let it settle back. Cheers
Rights issue. Diluted everyone's shares.
Does anyone know what's going on? Share price is 5 times higher and it can't be traded...