Member Info for IgglyBiggly

Thanks for that @CBINV, that is quite useful for me to know.

I haven't seen a post for a while from anyone saying where the graphs are indicating the forward price movements are going to be and the testing levels. I find these posts very helpful. If anyone would care to post please?

Are we still using this board or have we been moved elsewhere?

That post at 08:10 by @techni caused me a bit of a scramble to log into my broker account this morning, with a price against the post of £4.30 !!

Just seen a whole stack of 100 share trades go through - about 100+. Any idea what that is likely to be about? Perhaps an computer?

@GS / @Rivaldo - where do you expect this to go on good results Monday - not long term as I have read previous posts - but as a response to good results. I am trying to get my OPAY holding up and so am thinking of diverting out of that for a few days, into XLM and then back to OPAY. Your guidance would be appreciated.

3.17 - 3.195 now. Late surge around 15:50

Agreed. From memory, this one reflects an increase in purchased shares but a lower percentage threshold - below 13% - so that is a result of the increased number of shares in issue, as notified by Optimal.

My reading of the RNS is that they are neither a buyer nor a seller. It says.. "This change of voting rights was the result of a Rights issue dated 17 April 2015. No selling occurred." The threshold crossed is below 5% to 4.77% as a result of the new total shares in issue. The price is bouncing all over the place this afternoon and some big buys going through at £2.80, especially around 2.20pm

Wasn't this a £0.8bn company buying a £1bn company to make a £1.8bn company? With 437.24m shares in issue, so that indicates a potential share price of £4.35 - hence the broker views in that area. Or am I missing something along the way?

Patience is a virtue. Another 100,000 just been bought at 16:21

And lo & behold we finally get to £1.70 after 13-14 months at sea!

Yes, but poor market reaction despite an upgraded target from JPMC from £2.30 to £2.50. If expected profit was £1.6m and they turned out £3.2m I would have hoped for a rise to £1.70 today, considering it has been here before many many months ago and they are performing much better now. This seems to be stuck at £1.65 max at the moment.

A couple of interesting big buys today, although how you buy at 04:16 I don't know .. 04:16 - 18/05 Buy 418,512 265.92p £1,112,919.67 10:22 - 18/05 Buy 418,512 265.92p £1,112,919.67

If it helps @GoldenOldie, you are seeing rights that you have to pay £1.66 for that you think are only worth £1.10, but that is not the case. If you pay the £1.66 for the rights before your brokers deadline (and check that date), then when the market opens on the 5th, they will be fully paid and worth the market price (£2.80 at present). I think i am right in saying, that if you sell your rights at £1.10, then the person buying them will have to pay the extra £1.66 on top, to make them fully paid. If you look at it that way it makes more sense.

There are different ways, but my simplistic way is.. you now (if you take up the rights) have 8 shares, not 1 (because for every 3 you had, you can buy another 5).. (8 x current SP of £2.93 = £23.44) - (5 x issue price of £1.66 = £8.30) = £15.14 / 3 = £5.047 (in old money) And .. If the current price is £2.93 and the rights are priced at £1.66 then the rights are being traded at the difference (about £1.27). They are OPAN, currently at £1.25-£1.27

I get £5,24 too, although I have been using a simplistic formula to predict where the price was going to open.. ((3*old price)+(5*1.66))/8 Is there any advantage to paying for the rights issue now rather than (just before) 1st May?

Later today according to TD Direct/TD Waterhouse

@wolfhound - thanks very much for explaining that in such detail. I see now where my understanding was going wrong in relation to the record date. It has all now nicely dropped into place. Incidentally, I am online via a broker not paper.

No sorry, this scenario still bothers me. On the Ex rights day (the 15th) if the price was still up (so £5.55-£7) then anyone who bought that day would not be entitled to buy new share rights and would face the prospect of their shares dropping to the new price on the 17th without the ability to compensate for the drop by buying rights. same goes for the 16th. I understand the meeting is not until the 16th 11am, and the idea is subject to voting, but I think that is a relatively forgone conclusion. What am I missing? The price shouldn't drop until the deal is signed off (16th and 17th) but it is ex rights on the 15th.