Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I shorted it recently.
@alan188, I may run the CFD short to several days beyond 18th June as I'd expect some holders to bank their 'profit' as soon as they can sell their open offer shares. Perhaps KIE will bounce and I'll have to take a hit on the short, just this way I know roughly the gain I should make, rather than agonise that the share price could fall between now and getting my hands on the open offer shares. It's not 100% guaranteed, because there are events that could scupper the plan, like the shares getting suspended or IG forceably closing shorts at short notice.
I actually think KIE look a reasonable investment punt once the debt is reduced so may well keep hold of the shares, perhaps buy more if they drop further.
@Poleaxe. Wow you're good Poleaxe! However if the price between your confirmed allocation date on the 8th June to the date your shares come in on the 18th June, those 10 days the price may have diluted too much to say 60p for your CFD short to cover your share paper loss. What's your exit strategy for your hedge in such a situation, when the Kier price fails to recover within 12 months?
djframboise, I talking about shorting to lock in your gains on the open offer rather than unhedged shorting. I'm sure some people were happy to short their entitlement at 120p knowing they'd be able to take up the open offer shares at 85p.
Perhaps you'll be able to sell your open offer shares after 18th June for more than 120p. Perhaps you won't. At least by shorting you've locked in 35p net gains (less minor costs).
Poleaxe, imo shorting Kier now is a very dangerous game. Doesn't worry me if there are shorters entering now. Always fun to see them get squeezed and squeezed they will be.
Rebooter, you won't receive the open offer shares into your account until 18th June, at the earliest.
If you want to lock in selling at today's share price you can always short the shares now. No doubt shrewd holders will have done this a couple of days ago.
I received my entitlement notification today from HL, for shares purchased on 13th May (the announcement date), just as it should be. No nonsense with irrelevant record dates / settlement periods!
I am like you looking to hold hoping the stock goes back to 2017 levels
I have on HL.
I have on HL.
Has anyone trading on Halifax received there corporate action yet?
Think I may sell what I have which is a break even point then get my entitlement then
Nitrokev, it's your call either way. I'm hoping a few don't take it up as there may be extras to go round for those of us that will. I think the price action the day of anf the day after the window closed tell a story. Many expected the the price to drop dramatically. It didn't and held up well. There will be plenty looking to make a quick profit on the day the new shares are tradable which will drop the price but institutions and pension funds will pick these up and I fully expect to see a decent rise in the short to medium term. I'm buying to hold. Each to their own though.
GLA DJF
ii (interactive investor) provided the mechanism last night for processing the shares and extras. That's mine done and dusted. Asked for 25% more.
I'm not sure whether to take up my entitlement every other open offer I've had the SP just drifts lower than the offer price anyway
If I buy through the open offer, is there anything stopping me sell these shares immediately at the sell price?
I'm not familiar with your exact platform. You'd be best contacting them to be sure you get accurate answers.
So you just enter an order for the price of 85 pence a share and sometime in the future it will be accepted ?
both are making shares available at 85p
From the BASIC OPEN OFFER RIGHTS you are guaranteed to be allowed to buy 7 shares for each 8 you already have, the other you can apply for up to 7 for each 8 you already have but only get what's spare.
Ok I think I got it. If you would like to add shares at 85 pence, then you should buy KIE.EXS at 85 pence and later you see how much did you really get. Right ?
My account shows two new positions : KIE.EXS (Kier Group PLC - OPEN OFFER EXCESS RIGHTS and KIE.RTS Kier Group PLC - BASIC OPEN OFFER RIGHTS. What is the difference ? Which one should I buy if I would like to add more shares at 85 pence.
The definitive source of info is here:
https://www.kier.co.uk/investors/proposed-capital-raise-firm-placing-and-placing-and-open-offer/
and your broker.
I'm with HL and nothing has shown up so far, but looking at the time line in the prospectus that isn't surprising. The Open Offer and Excess Open Offer Entitlements are only due to be credit to CREST tomorrow.
We also still have a good few weeks to before the latest time for instructions:
"Latest time and date for receipt of completed Application Forms and payments in full and settlement of CREST instructions (as appropriate): 11.00 a.m. on 14 June 2021"
The exact process will depend on your broker but assuming your shares are in a nominee account it will be along the lines of:
* Decide how much to apply for and give the instruction to your broker.
* Make sure the needed funds are available in your account.
* Wait and see how much you get.
can anyone guide me how to apply for excess shares if available above my allocation