Member Info for DanB45

If I get the option to take up more rights I’ll defo take them !

My guesstimate of 240p-ish bottom is that they’ll be just under 50% more shares issued and TUI had been at 500p-ish.

Don’t know about Browns, I hold IAG so remember SP did come down near to the 88p rights, can’t remember off the top of my head how much IAG was diluted by in % but I think more than 50%

you should get an email or message to your account, if not I’d contact Halifax - no you don’t need a broker

I don’t think we’ll be given the option to buy more than our entitlement ...

And I doubt it’ll get as low as 150p, might well be wrong though... I’d say if you can get for 240p-ish that’ll be the bottom... good luck !

This dropped 22% yesterday so presume it will drop another 25%-ish by the time (or once) the new shares come into play.For me personally the difference between RR / IAG rights issue in comparison to TUI is I was in the red with them prior to RI whereas with TUI I was comfortably in the blue as their SP was recovering after vaccine news.Short term I probably would of been better selling and buying back once the price had dropped, however this would require timing the market which we all know is not easy.As a long term investor I’m happy to take up the Rights and take a short term hit as I’m confident TUI will be profitable once travel gets going again.Also with the German government putting funds in its clear they won’t let the business fail if things don’t resolve as quickly as we’d all like. GLA

be careful FreeCapital - you may end up having to buy the RI shares or be left in a short position on your allocated new shares at the subscription price... I think.... I may well be wrong DYOR

Yes Selecta, I agree with your points - swings and roundabouts ! Benefit long term is we end up with plenty more shares at discounted rates which should bode well in bull run to come. Thanks and good luck !

Ok thanks selecta ! I also took part in recent RR RI - however I was well in the red with them at the time...
I suppose with a RI your average only goes up in proportion to SP if you don’t take part... I’m inclined to hold and take part too, especially as long term and pent up demand and all. Good luck all

Considering I’m 48% up on TUI right now, I’m considering selling before SP drops too much now RI announced - or should I take up the RI ? Anyone in similar position ? Thoughts ?

would help the cause !

https://petition.parliament.uk/petitions/553253?fbclid=IwAR3-UMx-D3HFsj4vgvzZGGp7jLY1wQaoVKErbvXANAnAyXhZIRk0aeWb49Q

However nothing to stop someone shorting the day of ex-rights.

If Rolls Royce performs anything like IAG after rights issue I think they went from around 130 to about 90ish where they are now ...

Thanks Sam - yes that makes sense - I knew shorting before the RI issue was too good to be true ! damn !

But my buy prices for Rolls Royce (prior to RI) won’t change ... ever, unless I’m missing something ...

I get the price adjustment after the new shares are issued, however still can’t understand how my entry level can be adjusted (whether long or short) as that is the price I paid or agreed to sell at - it’s set in stone once the deal is done isn’t it ??? sorry again for my lack of knowledge

Thanks Rich -

I see how you got to the 50p per share if you buy now (and exercise your RI) - that’s if the current share price is at 110p by my calculations...

I suppose the positive is there’s been a lot of buying (well Friday pm anyway...) so there must be confidence in Rolls turning this round...

Out of interest - the share price rose considerably once the US markets opened on friday and on Thursday - does anyone know why Rolls Royce is linked to the USA market so much ?

I’ve heard before RR is bought in dollars often presuming that’s something to do with it ... I really don’t know though ...

Thanks ToffAppleton,

Yeah I know shorting is a dangerous game...

Seems unfair that whilst my average buy price stays the same and my loss becomes larger after RI, I can’t short the bl**dy thing ... hey ho I suppose the market doesn’t care about ‘fair’.

I also hold IAG shares so obviously was alarmed at that share price drop... it only struck me after the event that I could have opened a short position... so obviously when the RR RI was announced I have thought about it...

amazed at the people who think they can short this on Monday at 113 and close that short at 50p when the shares move to the TERP value .... LOL !!!!

Sorry for my lack of knowledge but why is the above not possible ?

I’ve never held shares in a company being taken over before.

Seems unfair you have to sell if the deal is done, I bought into WMH for the long haul. I / we took the risk of buying in and it should be our decision when we sell. I’d rather have my shares transferred into the new deal.

It’s especially unfair on those holders who might not be in profit yet - these shares have traded in the £3-4 area before. Seems like another example of shareholders getting shafted, I’m definitely voting against any deal under £3.5 a share.

nor me

yesterday’s drop of circa 4% was far from
unusual for this stock - if that’s what hooked you in you very late to the party

yesterday’s drop of circa 4% was far from
unusual for this stock - if that’s what hooked you in you very late to the party