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As long as the market doesnt fall off another cliff, i can see these with a 3 in front over time,i think of these everytime i open a can,like our sugar shares, lifes essentials!
well I am no FA but with 6% yields you should be ok in around 15 years (cant be asked to work out the compound interest etc) loads more bought than sold and yet the SP drifts? its one of those things though like sugar,people need tin cans,regardless of the economy regards
I got quite excited earlier when it was 2.80,briefly. Dont check this one too often as its in my investment portfolio but have every confidence it,ll get to 3 quid in the near future,its a bit like my tate,centrica,nat.grid ones steady risers with substance behind them and excellent yields,would be a dilemma to sell them as like you it seems,got in at bargain basement prices and i do shift my smaller caps but longterm these will pay for themselves in dividends alone as long as i live long enough!
seems to be slowly creeping back up to pre RI price, :-)
The drop was in the price around the time the RI was announced,it probably dropped a bit further as this normally happens with over -reaction etc.
got the RI shares and the price has barely dropped,can someone more knowledgeable than me explain why? am sitting on 25% profit now and wondering whether to take it regards
quite a big spread on these m8, SP wont drop to 150 but will be diluted for sure, however if you bought in when they were in the low 230s it might be time to cash in. having said that i can only see things improving for rexam in the next year or 2 ,the response from brokers to the RI has been favourable. but profit is only profit if you take it regards
I got in after the RI cut off so really need to dump these before the SP drops to £1.50ish. Is that correct? Mav
where does it show that m8? on my screen it shows more buys than sells also for someone to buy a share someone else has to sell it, volume is more important IMO Its the MMs that set the share price, which before the RI was around 280-300 regards
This website showed that 7,207,695 shares were sold, and 4,922,907 shares were bought today, why the share price went up?
Will the trafde of right issue shares of REX at 150p start trading on 19th, is it a good idea to get out before 19th?
http://www.rexam.com/files/presentations/290709/timetable_principle_events.pdf i wouldnt say these are stable right now,maybe compared to lloyds ,as I read it ,will be a couple of weeks before they can be traded together,i may well be wrong though i just jumped in on news of the RI at the last minute then got the 270 nil paid shares which i bought its a gamble really for now, but med-long term will improve for sure
i would have guessed that on the basis of 4 for 11 held these shares are likely to head down to 180-200,just through dilution. however things are probably as bad as they can get for rexam right now ,so when you hit rock bottom the only way is up (theoretically) My job precludes me from day trading so i have to buy mid long term shares, so rexam tate home and tesco are my long termers and ast and lam are my mid termers,the first 4 all run business's that people need day in day out regardless of the economy (having said that tesco's are like watching paint dry) the spread is big on these so time your entry point carefully robbie
Thanks for your opinion. I think the day before the ex-right REX was around 254, with right it was diluted to 227, I am guessing that the price will be around or below 227, it seems big players' cost is around 200. I am willing to buy at 200p tomorrow.
dunno dude, but as a market leader in its field i would have thought the sp would be fairly resilient someone has been buying them lately,and the offering wasnt that big per existing share as some recent rights issue e.g PFD it could be a stormy day tomorrow,but at the end of it my dog will still lick my face :-)
when the shares at 150 right issue are pouring in tomorrow? 200? any opinion?
Nice, still rocking the Floyd. We are heading up to the UK on Monday for 3 weeks of catch-up with friends and family. It's gonna be fab.
and it wasnt so long ago we were buying lloyds shares at a discounted rights price,30-odd pence from memory,i take it you,re in these from monday on the first drop?
I agree -this is still a market leader in its field it is hardly a company that it is about to go to the wall.
The way i see it is that those of us who hold shares are by now sitting on hefty paper losses which are marginally offset by the value of the 4/11 entitlement to buy at the lower figure,two options,sell the rights and sit on the paper loss remaining for the longhaul,or buy the entitlement which is effectively an averaging-down exercise and hope they spring back,assuming the take up is successful and by averaging down,the return to paper profit will happen sooner.I saw this happen with british land not so long ago. Either way this is one step back with the dalayed divi payments which is frustrating for me as that was my reason for investing in the first place. I have a similar dilemma with findul but this one is easier to solve as i believe this company is in great shape and will hopefully sort out some of their debt pile with this exercise,lets face it inchcape did a good job reducing theirs and are moving their company forwards now. So i,m buying the shares and if its longerterm sobeit,good luck all and if i,ve got this assessment wrong please post back,thanks
http://www.youtube.com/watch?v=ntm1YfehK7U ... interesting days at Rexam , what next , asset disposals? ...I consider that they are well positioned for any upturn but have some underperformance within that could be best capitalised upon via the disposal of such thus allowing a clearer focus on their more profitable business and release capital to further secure position within and continue to reduce core debt .
What is the rights trading code and does the rights finish trading on the 14 Aug? Thanks
I dropped this one after the dividend ex date at 293p -not as much as I would have got if I had been quicker to make up my mind. So a little gain from 257p. I think I was perhaps a bit enthusiastic about its defensive qualities and the dividend. It is apparently rather more cyclical. Having said its reached quite a lowish price for long term but one cannot hold everythingpand there is a question of the rebased dividend cut quite hard and no interim. The recovery according to the BP chairman will be slow and drawn out and so says Mervyn King of the Bank of England . Sp whileI am sure they will survive and be good down the line -short to medium think it might be a frustrating one to be in,
Depending on your broker they will notify you by post or online. You will then have to let them know how much of your entitlement you wish to take and make payment by a certain date. From previous posts looks like the date is 18th august.
Hi all, If I buy in now how do I accept my 1.50 shares? Send something out by post and return before a certain date? Never looked at this before and any help would be appreciated.