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Maybe best to avoid spending the day drinking with that Glaswegian pal of yours who is obviously a bad influence. Bonz's posts would have kept you up-to-date. Did you say you were going to shore or short yesterday. Blimey steps, I followed you in here with a buy and have been waiting ever since for your sell signal.
What i read this morning is for every 8 shares you hold you can buy 3 @56p
If this cash call is anything like RBS or the Co-op banks, it will be, oops missed £400m, sorry we've found another £1bn black hole, inside the black hole???
If you don't want to increase your stake, the smart play is to sell enough ordinary shares to pay for taking up your rights.
Value at 70p
So if I don't take it up, I'm looking at a drop in my investment regardless to around 80p-85p per share? Sorry for appearing thick
Thanks for the reply MSmith, I havent yet received a notification - have a missed the boat?
You will receive a notification regarding purchasing them. If you do not wish to take them up or do not reply, your rights will be sold on the market at the time of the RI.
Same question here, trading through Ffidelity network/Charles Stanley. I'm staring at a drop of 10p per share, I don't quite understand the implications of this.
Hi All Regarding the rights issue, as a holder how do I take this up? I trade through a halifax share dealing account - will I see something in the important notifications section or something like that? Any advice appreciated - I dont want to miss out!!
was going to shor yesterday before i went out at 93p and looked what it opened up
Thanks for the helpful posts - such a rarity.
The end result is likely to be very similar, but if you stick with what you have and take up the rights you will avoid two sets of dealing costs. They start to trade ex-rights first thing tomorrow. ATB.
hi..i heard rsa is selling shares at a discounted price. I currently hold some shares of rsa, so should i keep them or sell now and buy again when the share price goes down
I always take them up and this ain`t going to break the bank-quite restrained imo
This should open tomorrow around 84p (ex-rights), with the nil-paids trading around 28p. As has been the case with previous RI's I shall be keeping a close eye on the price of the nil-paids, with a view to buying as many as I can afford (still sitting on a load of VOD money to be re-invested) should the price fall below 24p as I feel that anything below 80p for RSA shares will turn out to be a bargain in the long term. As ever DYOR and decide whether to take up the offer or sell the nil-paids. ATB.
We currently hope to achieve returns in the 12–15% range on tangible equity over the medium-term on an equity base that rises still further as a result of completing the actions we have outlined.
I sold a lot of my shares recently but kept my legacy shares from when I worked at RSA - I will be taking up the offer, GLA.
"Intentions of Directors - rights issue RNS The Directors, who hold in aggregate 2,223,659 ordinary shares, representing 0.06% of the issued ordinary share capital, intend to take up, or procure that their nominees take up, their rights in full in respect of the New Ordinary Shares to which they are entitled. " sounds like their is some confidence in the future ..market so far positive ...
so is it really good for the holders? dont shares usually take a hit with rights these seem to be up a touch.
already passed... you can't take it up unless you was a holder.
when do they go ex ,?
3 for 8 @ 56p so does that make it that RSA = 65.8p but capitalised? I suppose if your in, you need to subscribe so you dont loose out. At least it should hit in the next tax year so should aid (N)ISA savers. I suppose the question is have they learnt the lessons of the past or will this be wasted too.
Media suggests that it will be published this week on a deep discount of up to 50%. So is a capitalised RSA worth 70p? I'm not sure I will be temped back but hope it works out for current holders
Looking at other rights issues, share prices "generally" go down during rights issue time. As most people do not understand these, and some people havent enough money to buy shares and sell after going XR. Big think will be at what price they price issue at. Do they price it a big discount to try and attract people to buy or do they take a chance. Do they underwrite the offer which can be quite costly or do they make it so attractive that they dont underwrite it. Make sure you understand offer before making decisions. Longer term it should be a no-brainer but it can sometimes be worth waiting and buying in the dips. Good luck everyone regardless of your decisions.