Member Info for beatrootjuice

Nath. They have given you for free the allocation you are due, of rights issue shares. You can buy these for £1.83 depending on exchange rate, or you can from next week actually trade your free rights issue shares normally, the price you get will be sp at the time minus the value of the rights shares (£1.83). If you sell them all you will be left with your original number of normal shares and that will be at your average price per share yesterday, i.e diluted BUT you will have the cash from the sale of your RI shares. This will have the EFFECT of lowering your average BUT not actually lowering your average in your account if you get what I mean. Takes some getting your head round but simple when you do.
You could also intruct your broker to sell as many RI shares as they need to to buy whats left of your RI ,would be roughly sell just under 2/3 to buy just over 2/3. This method would then not require you to stump up any extra cash. However as you said you sold enough yesterday to buy your full allocation, that would work out better in the long run I'd say. Hope that helps you.

Google finance site. They say it's 6% UP now.

White light, that's why he said you can choose to sell your rights. As hex also pointed out to me yesterday, if you have no funds available and you wish to take up some of your rights you can choose cashless purchase where your broker sells enough rights to buy the reainder 'cashless' for you. You probably have less control of that process though as you won't be able to say when this happens.

Mada, Hex has some great advice for you there. RI can be a steep, complicated and confusing thing if it's your first time and you haven't been investing long. I would add that you will probably be better off doing something rather than nothing. If you do nothing there is no guarantee you will get anything for your rights issue shares, therefore leaving your original holding at your original average sp and so diluting it. My broker hasn't yet got the notification of the rights issue, if yours has it will be in the company notification bit on your dashboard ,the instructions of what to do will be there. Meanwhile theres some helpful bits on line if you Google rights issue. GL with your investments.

Parsnip, brokers break up your holding differently, sometimes it's very confusing when you see your original book price change and % gain loss change.

Think it was tongue in cheek.

Do they say what the exchange rate is, is it fixed or set on a certain date?

If you have £40k odd of shares you really should be better at maths but it's number of shares held divide by 21 multiply by 10. In whole numbers that how many RI shares you will be issued.

Yes, you don't need to hold until record date if it works like dividends, just have to own them at 4.30 today. Not sure why you'd want to sell first thing tomorrow though, you know this will drop right?

Cheers yeah thats what I thought, very much swings and roundabouts scenario. My sell triggered anyway now, so got pretty much exact funds in account now for the now slightly reduced corresponding RI that will be allocated to me. If the RI start to go up in the 2week window we have to sell, then I made wrong choice, if they don't I'm pretty even anyway. No point losing sleep over it. Long run I'll be ok I think. Cheers. Definitely wasn't going to take money from dividend paying banks and oil shares on the rise though. GL all. Btw, everyone go out and book a holiday, we deserve it.

I'd need about £1.10 per RI and sell 2/3 to take up remaining 1/3 to make it about same ave sp for me. All depends how much we get from the RI shares.

yeah it's worth thinking about, my problem atm is i'm full isa allowance this yr so to take up rights , have to sell something else. Don't want to sell banks or oil atm so was looking at reducing my TUI exposure a bit to gain a proportion less rights , would end up 3.26 ave, so would be ok long run. would end up having to sell more rights to buy rights cashless, depends how much we think ri shares will go for, how much you thinking?

Converting eur to GBP for taking up RI shares? Is it set already or not? Trying to work out how much I need to sell of existing shares to fund ri share albeit reduced amount.

No Drom, think its ex rights tomorrow so it will be too late. Probably why SP has climbed today, buying pressure to get the rights entitlement , which is in itself a very good sign imho for the long term.

Thanks Halifax still no mention of any corporate notice on my account.

Be careful, that's the record date NOT the ex rights date. Buy after today and you won't get the rights i'm afraid.

Rodney, its a TERP ,theoretical ex rights price at the time of the announced deal. Since then the actual sp has risen and so will the TERP. The TERP is just a SP that reflects the fact that now the (new) market cap with the additional funds raised will be divided by a factor of 31 instead of 21 (10 rights for every 21 held). Hope that makes sense.

Hexam , one thing to mention is whatever you do ,DO SOMETHING. either take up your rights with new funds OR sell your rights (if your broker allows). If you just do nothing and allow the rights to lapse you will get NOTHING and your existing holding will just be diluted. I f i read it correctly there will be no payments for your rights shares if you allow them to lapse.

Workforce that really cares! Dream on. We used to, now they don't allow us time to care and the'managers' care even less, unless you're talking about their bonuses.

NURI, actually letter volumes are rising, didn't you read the last update? Costs are rising though. Covid still causing staff shortages. Many walks left undelivered on a daily basis. There's a big wages bill to come soon with the back pay of two year's worth of average pay on annual leave which will probably work out at around £50-100 million. Diesel prices on the rise. Think there are also concerns about inflation and the squeeze on household spending power. When gas and electric are soaring, they need paying leaving less for buying the mainly rubbish what people have been buying on line for the past 18mnths. Have to say there's no sign of parcel volume going down yet though.