Rights Issue19 Mar 2014 18:51
Just picking up on the rights issue questions, nothing has been agreed to date, only a proposal to raise £775 capital through a rights issue. All the detail is yet to be agreed.
I think Mr Hester will sell off all business streams that are not meeting expectations or are unlikely to fullfill expectations and will focus on the more profitable business streams (overseas operations). In the short term this should help the SP, however the looming rights issue will be on everyones mind.
Hopefully the pending RI has already been factored in and with reoriganisation in full flow we will see a slow but steady rise. I'm confident were over the worse, barring fraud or more natural disasters.
Hopefully im right, however I am tempted to jump ship and chase something more exciting! Good luck to all RSA holders