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It's not about just RR. Many companies are losing money hand over fist and managed to build up a massive debt pile. The BOD at RR who get paid millions in salaries, knew about the implication of COVID way back in March, not yesterday. They let the share fall to such a level that the Private investor will get shafted and now they have the nerve to ask for more money through a Bull**** RI, why? so they can shaft some more private investors. Period!
The risk is to high and the reward is to low. Best to stay away until after the market RI and buy after the US election and if you can wait buy next year. Most important thing right now is cash preservation..... you will need it very soon.
The RI will never be cancelled!
The only thing happening here is.. out with old money in with new money. After the right issue RR share will be trading as penny shares (between 15p and 50p) for the next 10 years. That's all!
Total agree.
This is just the beginning of the end for a lot of RR share holders and this will very quickly become a penny share and I will be played like that going forward. This is the biggest wash-out of investors so far in the FTSE 100..more to come in my view.
All markets, even gold, are about to crash says investor in all cash..
https://www.kitco.com/news/2020-09-29/All-markets-even-gold-are-about-to-crash-says-investor-in-all-cash.html