Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
I'm certain you are wrong on this.
If you (or anyone) are going to rely on it check with your broker.
Ex- rights means the rights have gone, exactly like ex-dividend.
They go ex-rights tomorrow.
Today's drop is because of the rights issue, no one likes rights issues.
Tomorrow they will likely settle at a price that takes account for the new cheap shares, and may well go much lower than today.
DYOR.
To be clear....
"Tail swallowing refers to the situation where, on a rights issue, a person sells sufficient of their nil paid rights in order to enable them to take up the balance of their entitlement under the rights issue, using the net proceeds of the sale of the nil paid rights to enable them to do so."
source
https://uk.practicallaw.thomsonreuters.com/4-107-7567?transitionType=Default&contextData=(sc.Default)#:~:text=Tail%20swallowing%20refers%20to%20the,enable%20them%20to%20do%20so.
They are not trading ex-rights, until tomorrow.
Politely suggest you contact your broker who will no doubt confirm this.
The drop today is perfectly normal when rights issued are announced, tomorrow EX-RIGHTS they will drop to an area that takes account of all the new shares and the discount you received if you have the rights.
The operative word being 'rebased'.
Same dividend cost to company, spread across more shares, to me equals a lower yield per share.
"We will maintain a progressive level of total dividend growing from the current level that the Board has recommended for the year to March 2024. This equates to a total DPS of 58.52p/share for 2023/24 which will then be rebased given the increased number of shares following the Rights Issue. We then aim to grow the DPS in line with UK CPIH in keeping with the current dividend policy (for details of our dividend policy please refer to page 29)."
Lunchbox...
As I mentioned yesterday, the chart looked like it was very measured and controlled buying.
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A few thoughts on this weeks rise, looking at the chart over three days it is a rather contrived slow rise, you might say very deliberate.......
Thoughts that this was someone slowly stake building or shorts slowly covering.
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OK, so the headline is Div not just held, but up!!!
But some of the numbers are not so good, debt, profit.
We all know what the headlines will be....... and it won't be the increased dividend.
But, I'm banking on the Div increase causing a rise on the open, and I intend to sell what is left of my holding if it does. I'd expect it may drop back later.
BWTFDIK..... ;-)
Well that would be lovely.....
A few thoughts on this weeks rise, looking at the chart over three days it is a rather contrived slow rise, you might say very deliberate.......
Thoughts that this was someone slowly stake building or shorts slowly covering.
Whatever it was I'm not complaining.
As for tomorrow, I'd go for 118-120p, more would be perfect.
Looks like RMG are going to accept a bid.
Good luck to all, up 20% at the moment, jealous much.....
The spending power of the compensation has degraded significantly since the 'overcharging took place. The last accounting date for that appears to be Jan 2021.
Since Jan 2021 to March 2024 we have experienced circa 19.25% inflation. I assume that this will be added to the claim.
https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
That said, they could just add interest rates available since the time the overcharging took place.
since that date Jan 2021 rates have gone up significantly, Assuming they base it on LIBOR (as a minimum)
https://tradingeconomics.com/united-kingdom/interbank-rate#:~:text=Interbank%20Rate%20in%20the%20United%20Kingdom%20averaged%204.87%20percent%20from,percent%20in%20December%20of%202020.
Which has also risen, but no where near as much as inflation.
May be useful to you.....
Whilst they update shorts here, I have no idea how quickly they do it, the source is 'likely' to be the spreadsheet linked on this page, direct from the horses mouth, as they say.
https://www.fca.org.uk/markets/short-selling/notification-disclosure-net-short-positions
the link is just down the page.......
See the public short positions disclosed to us – daily update (XLSX).
Something I missed......
"Aggregate damages have been given a preliminary estimate of £589 million (on the basis of 8% simple
interest, comprised of £238 million for BT Voice Only Customers and £351 million for BT Split Purchase
Customers)."
Clearly the figures have since increased (inflation), but it is clear that the larger amount of compensation is being claimed for those split purchase customers.
Which is very good news...... ;-)