Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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
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
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 ...
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
fair enough - I’m not complaining - but there’s plenty of shares that have fallen too much - thought they’d be a reason for such a rise today against a largely red backdrop