Allocation?12 Apr 2017 08:41
I think I only had around 200,000 shares in my Barclays account but I seem to have been allocated my full 1 million request of shares at a cost of £600. That sounds excessive. I only held about 400,000 in my HL account so I wonder if the 2 million I requested will be allocated. 3 million shares for a cost of £1800 sounds good but how much will they be rendered down to when the inevitable consolidation happens. I had thought 10-1 but now think at least 20-1, which would leave me with 150,000 shares. Still, if they were to reach 10p that is £15K......heck 5p or even a few pence would still represent a huge profit. I had thought about a quick sale, let the sp settle down & repurchase, but for an initial £1800 outlay (I am sure I will add a lot more) I think I will hold rather than twist!
Crude