RE: Primary Bid16 Jun 2020 19:53
I doubt it will tank. I bought both Segro and BIFF last week in a primary bid placing. Both ftse 100/250 stocks. Neither has been near the placing price and I sold Biff today at 225....price to buy was 200. So not huge but not bad. In both cases the mkt liked the new cash. The good thing here is its quick. New shares will be in my account this Friday....some brokers are a bit slower.
The thing about Acvt.....it will take weeks more for people to get the shares. None of that rubbish here. You will find out the price and allocation in the morning and can sell them Friday afternoon earliest if you want to grab your profit. ...mkts allowing.
It might dip a bit in the morning .....but new money and this statement will be very welcome so 150p plus by Friday will be no surprise I think.