Member Info for AndItsGone

Aspers hell of a timed buy there well done. Looks like you caught the bottom

God knows I wanted to stay here.
Sure much smarter people than me could explain this SP, seems to me good value but the market hates it. Down every day, and even with the FTSE strong today. If I can't explain it, then time to leave.
Anything cyclical is flying, thats now where I think money is best spent. Being in GSK im finding is excruciating.
Good luck to those with the patience 2022 surely there will be some value here. Now ive sold you'll probably find it rallies. No need to thank me;)

Thanks for the comments. I do rate them. This board is one of the best I've come across.
Not on leverage and my instinct is not to sell. I can leave my savings here for years, which was my original intention. I may well hold my nerve as you chaps say. It's probably the correct action.
Toff I often rate your posts. And the one saying your probably selling half in a few days was interesting to me.
So hope I'm not being simply being stubborn, sat losing money week after week, month after month on a defensive stock, but then saying to myself "well at least I have an iron will". DMP pulled the plaster and is now on the road to recovery. The GSK Investment case seems to be weakening.
Anyway will be following this more than I intended over the next few weeks. Find this board useful. Never did i think GSK would turn into a stressful holding

There's quite a few people people on here who i regard as intelligent with good comments.
Almost to a man, the comments here seem to be this is going down. Almost all broker views now concur.
I've been desperate to find any reason at all not to sell and lose. Best I can find is management is deliberately driving it down to force a sale. Not a Great reason to hold on.
Every day of inaction chips more off. It's relentless.
Sadly I think it's time to go. I made a mistake, and have paid for it.

Welcome arthur,
I believe the RI sell off has just offered an oppurtunity to get in at a discount.
Berenberg just a couple days ago with a bit rating said "that despite the near-term risks, it does not change the fact that it remains a well-run company with compelling growth opportunities"
I agree with this, and hopefully we will do ok as vaccines and travel outlook improve from the summer onwards.
Will be keeping a close eye on this over the next few weeks. Hopefully management will announce what they intend soon, which should stabilise the SP. it's the absence of a plan which make markets trash the SP.

This is now death by a thousand cuts.
Really torn. I'm so far in, and nowhere near my purchase price, think i may as well wait until 2022 to see if the split releases any value.
Or is that just blo*dy mindness, that I can't admit a mistake, and I should move on with so many other opportunities?
This share was supposed to be the "steady eddy", not the one to give me the all the headaches.

Shares-airlines etc. They have been off to the races and this keeps going down. Wondering if patientlce here really isn't a great idea, whilst so many other recovery shares are on fire

This has been a total mystery to me, and very humbling. Bought this as a more defensive element to my savings. Tried a couple speculative

How on earth is the SP down here?? Bought a couple "dips" on the way down over the last 12 months. It doesn't stop going down. Surely the dividend would out some kind of floor on it?
Feeling like a quite a mug now. Should have put it all on airlines.

Aspers , nice to hear from you.

I think you have probably waited to long get aboard for the big gains. This is not going close to the levels you feared?/hoped?

However your Novacyt trade I'm quite confident will make up for it. I confess to being annoyed I missed out on that. Covid testing and surveillance will be on every governments priority list.

Also on that priority list will be reopening the economy. Still some good upside here. Vaccine news and plenty of demand are in its favour.

That's made my head hurt.
So if holders bought pre RI at £5 they can now buy shares at £2, which they cant. They lose £3 per share. Buy the RI would average them out at approx £3. so they have actually lost £2 a share. Which is 100% loss because new buyers can buy at £2. Which they cant.

Your correct in so far as I cannot yet sell my rights, at least Barclays does not yet allow it.
But the theoretical ex-rights price is calculated immediately following the last day of a stock’s rights offering. This happened Friday morning. If this did not happen people buying in now would be shafted. So the extra shares are in fact counted in this price, and so here will be no great drop from here. It will trade normally up and down due to recovery sentiment.
Thank you, good luck to you as well.

Free Capital if we are ex rights yet the extra shares isn't factored into the SP, the why would somebody buy now? It would be illegal and immoral to allow people to buy now with no rights and the SP about to half.
Many of the very large shareholders pre covid are not in profit. They are not going to en masse dump in January during a the height of a pandemic, they are going to hold for years to actually make some money.
Most people who bought post pandemic are up. If they are not selling now, then there is going to be no great desire to sell later. I myself also plan to hold for years, I think there's to be a good comeback story for Tui.

HeresHopin is absolutely, 100%, spot on. The extra shares have factored in. If they weren't , and we are ex rights, then what sort of person would buy in now!?! Nobody on earth would design such a system as is being implied on this board.
I presume nobody is actually being serious when they say it isn't , and is just on a wind up. Which I suppose if you've got nothing better to do fair enough.

It's ex rights. This is the diluted price. It's an absolute win for anyone who bought post pandemic but pre RI.
Id still say it would be a reasonable assumption to buy in even now and it wouldnt be far off doubling in a few years. People want maximum certainty no RI and no virus and then the price to fall!?
I to was involved in RR and IAG, but am nowhere near as bitter as many of the posters here because I just simply held for the vaccine. The other classic line people will use soon is that the big institutions will mass dump when the rights are issued. It's all nonsense. These people will leave soon.
This will simply trade in line with others in the tourism sector and along the lines of the wider FTSE/vaccine sentiment now.
Well done all holders.

If this is the ex rights price what a stunning day this is. Well done all LTHs for holding. While I'm a big fan of the company, I didn't think it would be this high at this point. Real show of confidence in the company from investors.
Societe generale I take it back, they obviously know their stuff and got in just in time.

Surely thats incorrect. That's no way that can be correct. If you no longer qualify why would anyone buy now, just to have half your money taken. Who in earth would design a system like that. Also it's not 85% dilution, the SP will roughly half but holders will be averaging down by roughly half.

"Investors holding depositary interests over the Company's shares (DIs) on 11 January 2021 will be credited with pre-emptive subscription rights (DI Pre-Emptive Rights) that will allow them to acquire additional DIs representing New Shares at the Subscription Ratio and at the Subscription Price. "

I would say reading that it's the 11th that's the cut off to own shares should anyone wish to participate. Though the shares may well have rights attached to them from the 8th having read your post Balmus.
Not a 100% though.

11th

All great points Robert and only time will tell if the price will half in the next couple days. There's plenty posting recently with the same view.
They were all great points except one, it didn't fall 10% when vaccines got announced as you say, it was just above 3 pounds and now it's just below 5.