Is this correct31 Mar 2023 13:02
Had I purchase 1,000 shares on Wednesday at £7 = £7,000
Would have received 1,000 / 3 x 8 rights = 2,666 rights
Next day 2,666 x £1.50 = £3,999 sold into market
Cost of my original purchase of 1,000 shares = £3,001 = £3 per shares
I had owned TUI last year sold out at a lost around near £1 was looking to buy in around the rights issue price
if it had got there, after reading this board the best entry point would have been before it went ex-rights]
Unless I got it wrong.