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I am waiting the price to go down a bit to buy some RR shares so that I can take part in the Right Issue. So how much time do I have in order to buy those RR shares so that those can be counted during Right Issue share allocation?
to qualify for the rights you need to be holding at close on 27th. You can sell from open on 28th and still qualify.
You have until the end of today
its probably too late as the share purchase has to be settled today to go on the register , depending on which broker you use it may get executed today but you need it to be settled todays and it may take 2 days to settled from execution...
Your final date for holding shares in RR to qualify for the RI is close of business tonight. 23/10
However, you must then hold those shares until the 27th to participate.
GLA
Keep waiting, ridiculous
Citi, if enough people are waiting for it to go down, to buy, it can't.
All the investor who bought in the last month near in mind the RI. Some minority of investors will practice “tail swallowing” (sell to raise fund to buy RI) but it won’t be enough to drive price down. This is not going down anymore before RI adjustment, so if you want it but it now.
IMO the bottom has been missed but the top is certainly no way near in the long term. Timing markets is not possible if you think it offers good value in the long term buy if not then don’t.
Goodness, why is there still so much twaddle being posted about this?
Your entitlement to the rights is based on your RR. share holding at close on 27th. END OF!
Talking about record dates and settlement times is over thinking it....and getting it wrong.
Still, it leads to a bit of volatility, and I guess that's what traders want.
TradingPlaces69: "Your final date for holding shares in RR to qualify for the RI is close of business tonight. 23/10. However, you must then hold those shares until the 27th to participate. "
This is typical of some of the muddled thinking that gets posted here. It's irresponsible to post about things you don't understand when you could be leading inexperienced investors astray.
Have you given any consideration to what would happen to the rights in your shares if you sold them between 23rd and 28th? By your logic neither you (the seller) or the buyer would be entitled to any rights. These rights have somehow evaporated? Where have they gone? What does trading "cum rights" and trading "ex rights mean"?
Ratty, still 200 avg on 3* tracker? It's 50 now. Looking hella bumpy uphill ride currently for you to break even. How much u down mate?
Ask him after the 28th... No point asking him now when everyone's tripping over themselves to buy. Next week when they go ex rights is when you'll see the selling pressure because no incentive to buy at such a high price with dilution imminent
No gain because of RI so don t mislead!!
7.17 2.393076923 4.776923077
3.2 7.976923077 4.776923077
10.37
0.797692308
Do you really believe ratty, from what he told me its a test account hes playing the investment in, no real money commited
if buying now is most expensive price why don t you go short?
RI driven by FOMO partly
I like getting his updates. Not much I can do if he's lying about it. Seemed to be genuine who knows. Been seeing his posts since he first bought into the 3* short tracker. He doubled down to bring down his avg. If he's done that, that's more than a lotta peeps here just yapping about with their crazy ramps/deramps. His is a journey of a shorter...bit of curioisity is all. I held through the drop and added a bit to bring down my avg to 211. Lucky to be in the blue now. Even managed to sell and bag some profit. That's me de-risking and raising capital to take up my RI quota.
Given how many PI's don't seem to understand rights issues I seriously wonder if the FCA will eventually step in and ban them for retail investors. There are good grounds to argue that a significant number of PI's don't fully understand the implications of buying and selling their shares around rights issues, or in exercising their rights.
Brokers need to up their game to ensure clients truly understand what they are doing. Otherwise perhaps in future we're going to be plagued with TV adverts along the lines of, "Were you mis-sold a rights issue?"
Long term the shorts have it unless fundamental news breaks for the vaccine, no lockdown, flights, aeroplane engine contracts etc.
6.9 billion shares at 32p are not funny but pure penny share dilution. The trend is down.
Long term the shorts have it unless fundamental news breaks for the vaccine, no lockdown, flights, aeroplane engine contracts etc.
6.9 billion shares at 32p are not funny but pure penny share dilution. The trend is down.
A positive scenario would have been 6.9 billion shares issued at £3 then it would make sense all bullish.
RattyRy if you had bought 3XSRR on 20 August 2020 at 315 and sold it at 4171 on 28 September 2020, you would have made 13 times your initial.
Yes, the company could just as well have done 1 for 2 at 213.3333 and it would made no difference to the shareholders taking up their rights. Doing it at 32p makes the rights look so much more attractive. I'm sorry to be so blunt, they get away with it because too many PIs are a little bit dim!
WADR Poleaxe while I applaud your patience in trying to explain the RI , on the issue the RI price and ratio you are wrong. As I pointed out in a post a few days ago the structure of the RI is very much in the gift of the underwriters, in this case they have played a blinder and more than earned their fee. Since the announcement of the RI, RR's market cap has risen by well over £2 billion, add that to the £2 billion to be pocketed directly as a result of rights and the further
32billion plus from the debt issue, which again I pointed out a few days ago is absolutely dependent on a successful RI and RR's asset base will be more than £6billion stronger than last month. You may be right that in cash terms the RI could have been structured in any number of ways but psychologically this one has proved to be a masterstroke.