Member Info for beatrootjuice

Would have been cheaper for everyone who stumped up considerable cash to buy their 'bargain discounted rights' to have just sold them and bought ordinary shares now.

before ex div date tomorrow . At least theres still confidence in the medium to long term with this. Great divi. even with the cut.

So if you managed to sell your rights early on when they were over £1 still, you could have used that money to buy ordinary shares now and only paid an extra £4.60 for them. RI are always tricky and invariably shaft the PI. Especially long term holders. All the talk of 'discounted shares ' is BS quite honestly.

Exactly, the only reason they aren't negotiating a deal for all those wanting to leave is because they'll be down on subs.

If we get to the dizzy heights of £500m profit its £800 each.

Can now sell rights on line if you can persevere and get a quote. Done mine. Should have sold last week but could only do so over the phone not live price, and never thought it'd drop this much. Whoever's has bought my rights has paid 40p and will have to pay another £4.85 to convert into full shares. So £5.25 as opposed to current SP £5.58. Decided not to plough any fresh money into this. Win some you loose some. Still got original holding, obviously very much in the red. Lessons learned. Check out the details of financial situation of the company. Any sniff of rights issue. SELL.

Now works out at a whopping 7% . Will there be any real incentive to plough huge amounts of more cash in right now to take up all your rights? Was billed as getting a super deal of a 39% discount.

Is now not. If you add the rights buy price to what you'd get to sell it isn't far off just buying ordinary shares. Some 39% discount. Thanks TUI. What a shambles.

Leepo01 just be aware, you mentioned you were with Halfax. They originally took the price to take up your rights as £4.01 which they have since corrected however THEY HAVE NOT CORRECTED the conversion for your rights purchase price. This is still showing in my account at least, the price it would be for £4.01 a share. You are likely gonna be charged about 20% more when they get around to correcting it. Shocking service from Halifax. I'm pretty convinced someone at their end typed in 4.55e instead of 5.55e.

Email and ask them Masaimara. I have . I await a reply. You can of course always amend your choice before end date. I doubt they will stick by the price quoted though.

Yeah seen that. Don't know if it was down to my intervention or not but it was a pretty basic error that really shouldn't have happened. Also , it's still showing the total price to take up rights as based on the £4.01 which also is crap service and very misleading.
On the subject of getting anything out of this shxt show shambles if you don't want to put any more money in, the only option you have with Halifax is to sell the rights over the phone . There is no on line facility for this. They will knock the phone dealing charge down to the online one though, nice of them eh? and the price you get will be the price at close of play that day. If you don't either take up rights in part or full with new money, this is the only way to get ANYTHING! So don't just leave it and think they will automatically sell the rights for you at the end of the subscription period. Hope this helps those with Halifax accounts.

Masai mara, I'll let you know if I find out more. No haven't managed to try to trade them as wasn't in account until I'd gone to work.

Stile. What do you mean by taking the pxxs? The fixed price to take up rights is e5.55. which works out at around £4.85. I was saying Halifax say they wanted £4.01 (which I believe to be a mistake). So how is that taking the pxxs?

Notheo. Strange that e4.55 is pretty much exactly £4.01 at todays exchange rate . Has some fat fingered Halifax employee made a mistake of 4.55 instead of 5.55? I'm just worried that we'll put the money in account that they said was needed and then re calculate it up 20%.

Juboy . You must do something! Do nothing and you will get nothing for your rights shares even. You have to action something to get anything . I suggest you read what your broker has sent you. ATB.

Just had a chat on Halifax and they said after sending me a very large convoluted equation that that's the price they have been given. I asked would it stand if I took up the rights and they said yes based on above equation. I printed it out.
Just for curiosity I multiplied the £4.01 by the exchange rate today and it came to within 3 decimal places...e4.55 . Has someone slipped up typing 4.55 instead of 5.55 i wonder. If everyone with a halifax account could check because they're probably gonna charge you 20% more when they realize their mistake , if I.m correct.

Hexam. Exactly. I'll have to message them as it can't be right and it bases how much you will need in your account to take up rights on this figure.

Moochee, I think it says it's an indicative price and could change with the fx rate. However the fx rate is not correct on the quote we have been given, at £4.01 , that would be a gbp/eur exchange rate of 1.384!! Bit bad really as we're gonna need a lot more money in our accounts if we wanted to take them up. I may message them.

Anyone got a halifax account? Is yours showing an indicative price to take up your Rights as £4.01? That's way off the mark FX wise. Did anyone try a sell today, what sort of price is the Rights at ?

masaimara , thanks for that. Only thing is with such a high ratio of ordinary/RI of 3/8 , if you sell the ordinary you still won't have enough to buy your rights up. It's a tricky one. Hate rights issues. Looks like you are getting 'free money' but in actual fact it's just like they sold part of your holding while you were well under water with it.