Member Info for ggplyr

How much of Unilever's revenue or tax liability comes from the UK?

Just to keep us honest and avoiding ramping.... CMCs numbers might be good, but they are for year ending March. So offer no insight into PLUS beyond what we already know.

The rights expire, if you own the option to buy something by a certain date and that date is in the past you don't own much of any worth

Not sure what use the trading multiple is as useful as normal when it's not usual to be up or down 50percent on the prior year. Makes it difficult to put a value on the company

The RNS for the rump placing said that rest of the rights not taken up were then sold on on £8.35 per right.

so you can expect to get 8.35-6.45 = £1.90 less a % or two for costs

This doesn't mean that 91 percent of existing shares holders exercised their rights. It means 91 percent either exercised their rights or sold the right to someone who exercised it.

The remaining 9 percent did nothing.

Depending on your broker some would have exercised the right with the intention to dump the shares shortly, either because it was easier for them (with their specific broker) to do it this way.

So perhaps a downward trend for a few weeks while people dump them

A rights issue is not going about having an impact worth of a company, it's about raising more cash.

They will have raised the £7bn. So they did want they set out to do.

Why do you think a rights issue would magically create value?

Longterminvestor, you seem a little bit on the angry side

Perfect, cheers Lending. Makes sense and now i can follow the maths.

Hi All,

so on Iweb i can sell my rights for £2.03 currently. The share price for NG is £8.90.

the theoretical value of the rights issue as of now should be 8.90 - 6.45 - some premium/margin. Currently that premum is £0.42, which is 17%.

From anyones experience of other compays's right issues will this margin reduce as we get closer to the 4th of june? or perhaps if NG is less volatile over the next couple of days?

Any ideas?

You can just get this daily - https://www.cunninghamllc.com/firm-financial-information.html

I believe it makes no odds to cancelling the shares, in israel law they are effectively cancelled already, they can reissue them no easier than just creating new shares from scratch.

there are some novel ways of valuing the business coming out here.

beauchamp, yours makes no sense to me. lets say they sack everyone, keep their $950m and keep the interest income only as the business. how would you be willing to pay £20 per share? i hope not.

value intestor and oi oi, you cant quite value the business exactly how you describe, youre viewing all the cash as liquid and freely available to share holders, but its not. plus need $500m to operate as working capital. a more comparable way to look at it is to take $500m out of cash and pretend its stock/inventories & then do your *** packet calcs.

for avoidance of doubt... i still believe its well undervalued and a very strong business!

looking forward to the counter points ;-)

Ok, got what your trying to convey.

I believe plus is well undervalued.

However, cash per share doesn't really imply the same. Firstly, they've been buying back shares so all being equal, cash per share of will go up. Second, all this really means is they are not distributing as much cash as they could. They've said they need circa 500mill dollars for working capital, so they could distribute another 400 right now via special dividend if they choose to.

As the business grows they will need to keep more cash though as working capital.

AvalueInvestor.

I don't understand

Estimates please...

im going with new customers excluding US 23,000. Active customers excluding US 130,000.

US.... who knows, be interesting to see whether they start giving a break down of the US revenue.

Get your suit case packed oi_oi

Also, what makes you believe the UAE business if roaring, the downloads in the last 30 days from UAE are between 10 & 20k

Thanks, where did you find the date? i was looking everywhere for it!