RE: Confirmation on purchase and sale on Rights Issue8 Oct 2020 09:30
Its not free money LOL !
in order to have the right to purchase the RI shares at 32p you either have to hold existing shares at the 23rd Oct (so say you bought today at 160 and held) or you have to buy the nil paid rigths off of someone that doesnt want to take part in the RI - those nil paid rights will be say 29p, then you pay for the RI 32p -so you spent 61p. The new market price "Ex rights price" (re averaged share price) on the day after the RI is complete (lets say the SP stays at 160 until then), will be 61p.
SO NO THERES NO FREE MONEY.