Member Info for HHReturns

You've said that about a dozen times. No need to keep repeating.

That depends on what the underwriters will do with the shares. If they will look to offload them quickly, then no.

Ok, thanks itsallamess. Probably a moot point for some, as not all likely to take up all their rights, or maybe any of them. Holding the shares through to the RI hasn't yielded any value to date. All a real botch but hopefully upwards from here. Get some positive info out please!

Until today. There's no buying interest and so the SP will drift without positive news. It shouldn't be on the market if no-one is interested in buying the share.

I'm not sure if you need to do something extra with II to actually buy or sell them in the open market (as opposed to doing it via the corporate action route)

Nil paids are a leveraged investment where you can lose all or gain multiples in short order, so potentially some pre-qualification of an individual's investment experience is required (although they should advertise that if so)

Yes itsallamess, I've tried doing both a dummy but and a dummy sell on II and the screen just blanks out.

Your rights should show as a separate figure in your portfolio (or each part of it, if some in an ISA and some not etc) That is the number of rights that you have.

It reminds me of the great words spoken by actor Randy Quais in the film Days of Thunder.

"Harry, I know you're great and you know you're great, but if the guy in the car doesn't trust you we're never gonna win a damn race"

"How to mix some great and expensive ingredients and bake a turd that tastes awful" An appetite for destruction, by M Moulding Esq.

Out in time for Easter.

It was orchestrated with dodgy adverts and shadow investors. Then, when enough were hooked in after watching the rise, they pulled the plug. There was never anything concrete in it - just fluff.

It's the same set-up as on Met1 and Mast/Qde. They let it drop a chunk and people think it is the bottom and then they leave it settle before repeating over and over until it goes back to buttons.

14p to 0.2p in 12 months. Eek

Yesterday was a mistake. It's nominal at the moment - the difference between the current SP and 43p (give or take)

It went as low as a third of this sp, before that crazy rise to 14p

It's within 0.375 of the bottom for sure.

Yes, 3 of them. Not all massive, but better than nothing for sure.

If they don't get some positive news out then a lot of the new shares will go to the underwriter. Little incentive to take them up currently, with all the faff of the process.

My II account has gone a bit doo lally this evening and the the nil paids are showing well up. Alas, it will correct in the morning, I expect.

Something due, I would say

You're right Santhi, but they will be involved anyway. Not everyone will take up their full rights as it will be a lot of money in some cases and the difference between that and the open market isn't currently substantial enough.

If the webinar and other news in the next 10 days gives the SP a boost then that situation might change. Let's see.

There is always something though, isn't there. This share is like karma to the soul when you know that you haven't always been the best version of yourself. This share is the way you are punished.

Alternatively, it could be that I've had a few beers.

That's a fair question Santhi, and for different people, there may no be much in it. What I expect to happen is that your nil paid rights will appear alongside your shares in your accounts shortly. These are what you are entitled to, based on your holding to the ratio of 9 nil paid shares for every 13 ordinary shares you held on the record date.

The difference between nil paid and ordinary shares is that nil paids need the balancing payment (43p odd) to be forked out by you before they become fully fledged ordinary shares. In the meantime, they still have a value but not much at all based on the current SP as you can buy an ordinary shares for 45.5p, so the idea of buying a nil paid that you still need to pay a further 43p on before it becomes a full share is worth what - 1p ISH for the hassle? You would also have no stamp duty on the purchase but you don't on these anyway, do you, as they are Depositary Interests.

If some positive news comes then the picture shifts but if the SP drops further then yes, many won't take it up and the backer will, which is likely what they want, as has been said by others.

With your nil paids a 'sell' option should appear alongside them in your account, although limited value currently we would think.

Also, you may well be able to buy the nil paids, by entering the ticker FARONU0126 (it depends on your broker, and also on whether you have met certain criteria investment experience wise) Nil paids are leveraged, so considered riskier. Subject to that, rather than buying in the open market to the amount you planned - say 50,000 shares at 45.5p a share, you might be able to buy the nil paids for 2.5p a share. Yes, they still need 43p more a share to become nil paids but it would protect you from the downside a bit because of there is a nightmare announcement (we've already had that, you would think) that crashes the price way below the subscription price, you just wouldn't pay the additional 43p and let the rights lapse. During the next couple of weeks then, doing this protects the downside but likely in the too hard box for most and it may not make much difference.

No, it could. The live price and an RI price aren't guaranteed to be correlated. As an individual you might then not choose to exercise your rights, although you still might. The offering is underwritten and so the company will get the funds either way, with the institution committed to subscribing for any rights that holder choose not to take up. Hopefully a decent rise at some point over the next weeks, to give peoplea better range of short term options, but let's see.