RE: Help11 Sep 2020 19:28
Hi Kashir25
In a nutshell you don’t need to take up the offer but you will be offered 24,444 shares at 12pps
If they consolidate at 15 (tbc) you will receive 1 share for every 15 you own. Therefore if you don’t take the offer you will have 2,933 shares.
Working out approx figures the new share price will need to be 375pps for you to get out and break even.
If you had spare cash to invest (£2,933) on the same basis you would have 68,444 shares before consolidation, 4563 after and a new BE of 306pps (roughly)
As to where the share price will end up? Well clearly no one knows. Looks like we are in the same boat.
Hope this helps.