Member Info for Alexios

Lols

Go and walk the dogs or something...

Enjoy your day

Mentions 100p cash call

This is new info

Now how is this 100p cash structured remains to be seen...

My speculation:Rights issue with TERP of 100p which will mean that Rights issue at ~67p on 3 for 2 basis

All Jamie's scoops have been bang on

Rolls-Royce is poised to tap investors for £2.5billion at a steep discount to the current share price to solve its funding crisis, The Mail on Sunday understands.
City sources said it was considering pricing the cash call at £1 per share – 35 per cent below Friday's closing price of £1.54

This part is new

Cash call at 100p

Will be interesting to see the full structure of this £2.5billion funding

Rocket stop this nonsense please.
Every rag is calling £2.5Bn fundraising...
This is on the top of £2Bn sale of asset.

Jolly good

Portfolio valuation as of end of June sits at £7Bn
60% disc £2.8bn

Less £2.2bn debt net if cash so equity at £600M or 15.66p equivalent

So the current equity is sitting at your so called 60% discount from 30Jun valuation levels...

You recon APG and Lighthouse who hold over 40% equity in HMSO have just burned over £220Million participating in the rights issue??? And already sitting on £100's of millions of losses...

So according to you they've got it horribly wrong???

And today's buyers got it wrong???

Besides those who thought they are getting the bargain of a century loading at 200p to qualify for ri's are sitting on ~27% losses already...
Marvelous

Same will happen here

Won't be pretty

Not wishing anything bad to anyone...

Just a reality check

Look at another latest rights issue play HMSO

Price dipped to 14p today when rights issue was at 15p

This is brutal

Wait for the announcement to see what will they manage to pull out of the hat...

Good Fortunes all

Shamrock,

Thanks I am well aware

Monday 7Sep sp was 220p I mixed up two days.

Pokerchips, 36% discount to TERP where they assume that every holder will subscribe to the rights. This is is incorrect.

200p on 9Sep
Rights announced at €0.92/84p which is 58% discount. Brokers converted eur to cable with 5% fee so it worked out at 88p or 56% discount.

Running discount from TERP is nonsense

Always from the COB of the previous trading day.

Allthough they are smart writing 36% discount which doesn't look that bad on paper

Lol which planet do you live on???
Greenhammer planet must be...

If they are raising all £2.5Bn through the rights issue then 60% discount or thereabouts will be applied

Current Mcap is ~£3.1Bn

Shamrock,

Well if you pull the calculator and check what was the sp on 9Sep(200.9p close) then you will get the calcs bellow

35% disc from 200p is at 130p. It is where TERP(Theoretical ex rights price) is...

Rights issue price is €0.92/84p but brokers converted at 88p so discount was 56% or real discount was 58% at €0.92/84p

You are welcome

Look at IAG
They managed to raise at €0.92 when sp was 220p
And sp dropped under 90p already today without RI's even finished...

Similar cash raised

Reality for RR is RI's will happen at 60% discount or more

150p - 60% = 60p

Shares will trade at 60p

Casa yes 80p when sp was 250p not 150p like today

64p 12Mar 2003

£2.5Bn rights issue when the company Mcap is ~£3.1Bn

150p lols

Divide it by 2 and take another 20% of and you will be closer to reality

60p is my call

Current shares in issue 1.93bn ~£3.1Bn Mcap

£2.5Bn RI's

5bn shares at 50p
4.16bn shares at 60p
3.57bn shares at 70p
3.125bn shares at 80p

Total shares in issue 7bn to 5bn

So Sovereign wealth funds with £250m each will take a small stake in Rolls Royce...

Any single investor can have 15% max stake in Rolls Royce due to UK Gov holding of 1 golden share plus no takeover without UK Gov agreement.

Two sovereign funds taking £250M each that's tiny
Posts rights their stake will be 8-10% max

Don't get spiked

Shorts will have a final countdown when £2.5bn rights issue at 60-80% discount is announced

Hola jolly

Good points... kinda

Currently HMSO is trading at £600M Mcap
NAV is £4Bn at zero disc

So currently it is valued at 85% discount to NAV

Is this enough discount for you???

Strike sales at 60% discount as you imply would still value equity at 31.7p
Double the current sp

Sniffing the bargain yet???

JackDiamonds,

Thanks for your calcs

"RBD total interest in WN is 56.325%

So each RBD share has a 0.0000000079365% share in WN.

By comparison:

UJO
Shares............................19,815,906,325

Direct Interest...............16.665%

Interest per share..........0.0000000008410

Therefore every RBD share has the equivalent of 9.44 UJO shares in WN.

With UJO at .16, RBD would be 1.51 based on the share of WN alone"

RBD Mcap ~£39M at 0.55p
UJO Mcap ~£31M at 0.16p

Something is not right here

Huge value distortion where one one is valued too low and another one valued too high???

Friday 08:00

Ha so I guess the time to load up is now lol

Hurricane Energy downgraded to Underperform from Outperform at RBC Capital RBC Capital analyst Al Stanton downgraded Hurricane Energy to Underperform from Outperform with a 1 GBp price target.

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https://thefly.com/n.php?id=3163693