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No expert but it's looking like the shares will become "live" after the market has closed thus allowing the share price to settle during the day and avoid any mass sell off.
They are not showing on my ii account so assume private investors are unable to sell any yet. When they do I would assume a drop in share price. When that is I don't know. It could be when the market closes.
Any share price movements of note ? I was expecting a drop if the shares have been admitted today or have I missed something ?
I got mine in the post today. With HL. Didn’t ask or expect these so a nice surprise, for when pubs open obvs!
I emailed my broker about mine last week had no response yet did yours just get sent or did you have to ask for them?
So I expect we’ll get our shares some time tomorrow after the IIs have had their fun?
got mine in the post today, hurrah... now just need places to open up again
The shares are trading ex rights now so the only thing to bring the price lower are the amount of sellers once they come to market.
So expect the share price fall on Friday.
I want to know the same thing. I applied for the full rights. And in the excess rights applied for loads more than the calculation on the cap I had seen on M&B website. On my trading platform it is showing the excess shares and the over subscription in full, that isn't possible is it? Money also looks like it has been taken, but the value of both of these shows as £0. Regardless of how many I end up with, anyone know if they can be sold the day they hit the account and what day that might be?
The open offer shares should show as fully paid on Fri 12th March and will be tradable on that day.
My HL account shows that the money I received for my 175 rights issue shares has now been taken. Otherwise nothing has changed since yesterday. The value etc of my 175 shares is showing as N/A.
Does anyone know when/if these shares will be tradeable? It's about 12 years since I last subscribed to a rights issue and can't quite remember how it works.
I applied for the max possible in my HL Sipp. Earlier today the entry for the new shares stated the full max number of new shares, and said "Interim Line". That's now changed to "ASSD line". Does this mean I'll be getting all the shares I applied for? An earlier HL message said any new shares would hit my account by the end of this week.
It's not really a profit because the price will already reflect the offer.
I got all the shares I applied for in the open offer at 210p. They will be in my HL account on the 12th and assuming no major sp fluctuations that will be an instant 50% profit.
I just looked at my two share trading accounts. Smaller one is showing a loss of 1.5%.
The bigger one is up by a whopping 42% sine last summer. At one point I was down by over 25%.
My MAB shares are up by 56%.
I view this as a long term hold . When they open their gardens / patios I will be there for the company even if it is raining !
If I sell some at a loss its normally only a small loss and funds used to top up in another stock that has dropped more in the same day in percentage terms. I either average down or play this strategy of buying into the stocks that have seen big drops as long as I believe in those stocks. Its worked for me so far however I've often got it wrong when I day trade. Far easier to just buy and hold longterm. However if a stock is seriously at risk of delusions then yes pull out!! I did that with Fjet but did recoup money elsewhere. GL All.
My strategy is based purely on momentum and works very well for me, I make on average about 20% per annum. I hold the shares for 12 months and then sell. I make profits on about 65% of my investments.
After I sold MAB I purchased WMH which I was lucky with because this was soon the subject of a takeover so I made over 50% in about a month.
I also purchased POG which was not so good, currently down over 20%. However the last time I purchased POG it nearly tripled in price.
'I did sell at 160, I didn't say it was a useless opportunity, I said that there were better opportunities out there. I bought back in because the momentum changed.'
I think your strategy is very different from mine. Did you make money on your other opportunities?
I do remember someone saying that MAB would fall all the way to 50p!
To quote Warren Buffett: 'fearful when others are greedy, and greedy when others are fearful'.
I'm actually more fearful of MAB now than last summer in a sense that I think that expectations are far too high now. I also believe that a lot of post-COVID 19 recovery has already been priced in the shares. Long-term this could well reach the pre-pandemic level of around 480p but it could be much rockier road ahead than many think. I'm looking to hold but apart from the 210p offer not add.
I NEVER SELL AT A LOSS.
It has worked for me and that's the main thing.
Yes, things can go wrong. However, I tend to take a long term view, my strategy being buy and hold.
MAB is a great example of why, in most cases, you should not sell at a loss.
I did sell at 160, I didn't say it was a useless opportunity, I said that there were better opportunities out there. I bought back in because the momentum changed.
"I NEVER SELL AT A LOSS".
This is a very bad strategy with no logic attached to it. You must be prepared to accept that you will make mistakes and cut your losses before they are too damaging.
My guess is that this may well fall in the short term.
I decided to accept the 175 shares offered to me at 210p. How this works at Hargreaves Lansdown is that you see the option on your account. Then you click the button and let them know how many shares you would like to subscribe to at 210p. In my case the maximum was 175 for my 450 holding. I accepted them all. You just have to make sure you have the funds available in your account. I think deadline will be on Monday.
I don’t doubt this one is heading for 350 to 400 within 6 months. The question for me though is will it go to 200 to 250 first. It’s surprising that it hasn’t lost too much ground following the 210 issue.