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You will have a stockbroker whom should have emailed you about this, so just a matter of following the instructions. GL.
A lot of investors made the same mistake last summer.
Not to blow my own trumpet but that's not how I trade.
Many have been panic selling BPC.(Bahamas Petroleum). I'm down like 70% on BHP but I won't be selling. I NEVER SELL AT A LOSS..
BHP is far riskier than MAB has ever been and there's a real possibility of delisting. However, it's still worth a gamble. Most shares do end up recovering. I did lose with Yell and Cattles at one point, though.
I would like to know psychology of selling at a loss as that's what most - even extremely experienced investors do - and many end up losing money rather than making it.
Expectations of this share are rather high right now. I'd say that reaching 350p-400p within the next six months would be realistic but not guaranteed.
How to you actually take up the rights option. The number of shares I am entitled to shows up my account but not sure how to take up the offer
If anything once rights issue completes SP should go up as well financed. I intend to take my full rights. Longterm holders here will be fine.
Been here since early last year and lost thousands panic selling when I should've just held (also sure I remember OWLS saying that this was a useless opportunity when this was 1.60 something). Not making same mistake this year. MAB ain't going nowhere and will emerge incredibly strongly from pandemic as one of the survivors. Excellent medium term hold IMO, will hit anywhere between 4-5 soon enough.
Agree with you on pub shares, I’m in quite heavily since March. My selling MAB and buying a fraction back at 210p just seems like an interesting opportunity. Can’t see all the capital raise as priced in fully at this stage but we’ll see.
Just sit tight, this along with all pub shares are going to gradually increase throughout the year. New measures will allow for debts to be made up
I am still attempting to understand the logic of this.
I now think the impact has already been reflected in the price and that the price will not be impacted when the shares are actually issued.
There is therefore no benefit of selling the shares now.
Seattle, I agree with you. I purchased more to increase my entitlement and have tried for the extra 0.81 ish although I doubt this will be filled. This budget is a major buy signal for UK shares. This level of borrowing is unprecedented. The FTSE 100 will lag due to constituents but small caps will take off. GLA
I have taken up my share entitlement . I went in years ago because the Irish guys were there , they don’t invest to loose . Best budget I have ever heard in 40 years the Goldman way of running a strong economy shines through . I liked his line “We are going long “ a stock exchange line if ever I have heard one .
I reckon odzyean own or will own 70 to 75 of free float at least that what I reckon after open offer.
They control share price.
Plus when you take into account most employees in these companies tend to locked in.on.share plans then very small free float.
It does encourage people to sell and I suspect the buyers would be Odyzean. They avoided a takeover and choose this method instead, investors will also take the opportunity for a quick profit with allocated shares too.
It seems too good to be true. Why hasn't everybody sold their holding whilst it was above 210p and then buy their allocation at £2.10.
Why would anybody buy shares now knowing that the value is bound to fall in the near future?
I've done similar to Peltata, sold enough of my holding to cover the cost of my allocation. Seems like a bit of a no brainer, especially if the sp holds up, which I don't expect.
Thanks pseudonym. I’m used to RIs, this is a bit different. Have taken up the open offer shares having sold most of my holding a few days ago, hoping for a quick profit next week :-)
Record date for Open Offer was 17 Feb
Ex offer date 22 Feb (8.00am)
Your broker should have applied your offer shares to your portfolio (nil paid). Pay for them at 210p or they will disappear at the end of this week.
If you have sold your shares since 22 Feb you still have your Open Offer shares available to purchase.
From mbplc.com it seems to me that it is your holding on the 19th feb that is used to determine the allocation you get, even though this is scheduled for next week. I’m surprised by that but it’s there in black and white. DYOR but I’ve sold most of my holding and I’ll apply for my full allocation hoping the SP remains above 210p (might do some estimates on that first!)
That’s what I’d expect too but so far can find no mention of it - only that you need to be holding at close on 19th Feb to qualify. Anyone know for sure?
I assume if you sell now you will not be entitled to buy at 210.
Ollie I am with Halifax and I received email notification on Friday and all the details of how to take up offer and additional shares were sent by way of a corporate action so you’d like think yours from freetrade can’t be far behind. Closing date 4th March I believe so if you haven’t heard from them by tomorrow might be worth a phone call.
Has anyone received a rights issue from Freetrade
I mean selling my holding now at 310 taking my profit and then taking up the offer to buy the smaller fraction offered at 210, then selling soon after at some price over 210(assuming it is) and moving on from mab. The profit from this could come by holding but it seems easier this way and seeking other opportunities. Hence this way increases the holding of the companies seeking a takeover without paying a much higher price.
"What’s stopping PIs selling up now and buying back at 210p".
How do you buy them at 210p?
Based on the current share price I would expect the share price to fall to about £2.78.
My logic says that if I do nothing I will therefore lose about 9% unless I take up the offer.
It is irritating that I am being forced to take up this offer, why not have a rights issue?
Far more likely to head back to £4 this year in all likelihood