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I wasn’t too sure about this either - what is cut off date to be eligible for discounted shares?
record date for entitlement of RI is 23rd October ......after this date no entitlement.
Devil
“This was a long term investment, 10 years+,”
Whatever you decide, it sounds as tho you’re overweight in Rolls.
I don’t like giving advice because those who do are onto a hiding to nothing..
But if it were me I’d reduce Rolls exposure by 50 percent and buy deeply unfashionable oil stocks
65/35 split between Shell & BP in that order.
Oil stocks have been beaten into the ground - branded yesterday’s technology
Now is the time to buy in my humble opinion.
The wheels of the world still turn on oil
And demand will soar post-Covid-19
And so will the oil price
Toff
I think people need to be very careful with the "they can't go bust" logic.
It may well be true that, whatever happens, Rolls Royce continues as a company, even if they run out of money and someone bails them out, BUT, and it's a massive BUT, that doesn't mean shareholders can't be all but wiped out whilst the company continues.
As it stands shareholders are already taking a massive hit with all this dilution at 32p. The company being strategically important is no protection against being screwed as a shareholder as this shows.
Totally agree, if you can afford to snap up the discounted shares (without borrowing funds or putting your dinner at risk etc) it’s a no brainer. Nothing stopping you from then re-reviewing the situation and taking the appropriate next steps.
The RNS says RI to be approved by shareholders on 23rd October. Assuming it is approved, would this then be the cut of date by which you would have to have shares to be entitled to participate in the RI? Or would there be another date announced beyond 23rd October as cut of date for RI entitlement?
I would be interested in any opinions; would it be better to buy shares before the cut of date for RI entitlement, whatever that may be and then take up the RI, or, do nothing until after the RI is complete and then buy shares?
Appreciate any guidance or opinions please.
It will rise after this carnage, you just need big money to buy in if you are existing shareholder to protwet your investment
Don't put all your eggs in one basket :(
10+ year horizon your 1.03.avg should be ok. I still think they can't go bust. They make propulsion for trident submarines, its hard to imagine the government not supporting them
But then what do I know, I'm nearly 50% down right now. A painful day. Should have listened to toff casa WAM et al, they consistently call it right.
This was a long term investment, 10 years+, something for my retirement.
No £75k means £75k to me.!
No ****!
@The devil ; Jesus Christ! you have £75k in here and don't know what you're doing? Wow. Mate - learn how to invest in funds. I recommend HL for their ISA's. I hope you're so well off this doesn't matter as much to you as it would to me, but LtCaptain is right - please don't invest life-changing money unless you know what you're doing. As I said, I hope this is pocket money to you!
GL
maybe he meant 75p
TheDevil, What on earth are you doing with 75k invested and then claiming that you don't know what you're doing?!!!
People like you scare me! You shouldn't be involved in stock trading if you're asking questions like this after investing such substantial sums of money. You'd be better off just putting it in a fund or better still just some fixed income bonds.
Its all about the upward curve and how long you can hold out for
SYME : to the rescue!
Buy RI giving me an average of 75p and £75k invested
or
Sell 50 % now, buy RI giving me an average of £1.03 and £50k invested
I really do not know what I am doing here!!