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Thanks for that, much appreciated
Sorry Paddy is right
Long day!
I managed to pick up another load at 124. Happy LTH here.
GLA
no, for every 4 shares you held on 25th you can buy 1 @115
Yes
So for every share I held at close on 25th, I can purchase 4 shares at 1.15 each on or after 28th. That correct?
Was a bizarre day. The drop this morning was insane & so obviously a short game. I feel sorry for those who may have panic sold here. Unfortunately it's all part of a big game & you simply can't beat the financial muscle of shorting HF's. Just got to try & guess their games!
Paddy- thanks that's what I was thinking, in essence, Cape and Rye have had a busy day today.
The Lender, who is the owner of the shares, shorters merely borrow
isas, don't worry the shorters can't get them for 115 LOL
the original lender
If the shares are lent, as in the case of shorters- who is entitled to the open offer shares- is it those that have borrowed or the original lender of shares? can someone enlighten?
i'll be glad when all this hoohah is done with & all shares are trading & we can get a truer picture of where we're going!
Yes who dares, as long as you were on share register close of play 25th Oct!
18:29, even!
Agreed kenj - my understanding as well (as I think I said 18:26, although could have said with more conviction, accepted)
Well noted kenj.
So if share price goes to 170 Thursday could I sell a portion at that price and re buy at 115 if I have entitlement?
If peeps got the entitlement today everyone would surely have been well copped on to it. You get the discount to compensate for the drop which happened. Seems some want to have their cake & eat it!
Thanks Paddy, but pity I misspelled entitlement!
kenj, that makes more sense. i sold some of my isa shares today to fund the discounted ones. I'm sure a few people have done similar. bit annoyed now if i lose that entitlement.
Ken, that makes a lot of sense. thanks.
I changed the title of this thread, because it is clearly wrong!
The Record date is the date that you would have to have purchased these shares by.
It takes 2 days for trades to be completed so the official share register will not show who owned the shares on Monday 25th Oct until Wed 27th Oct.
The confusing Ex Entitlement date is when the share register will be read to determine who gets the offer shares, ie: those who owned or purchased before close of play on Mon 25th.
Anyone purchasing today will not be offered new shares.
Anyone selling today will still be offered new shares.
The new offer shares will appear in your account on or after Thurs 28th Oct.
I sold out of one account today, and on Thursday I expect to be offered new shares, just the same as those still holding.