RE: Tomorrows opening28 Oct 2020 22:01
As per their statement ''Based on Rolls-Royce’s official closing price of £2.19 on London Stock Exchange on 27 October, Solactive, the index provider used by GraniteShares for its short and leveraged products, established a theoretical value of the right issues of £1.4385..''
so £1.43, yet marked and the same exposure levels. So we have catching up to do - now finance resolved through this rights issue.
Hence why price was £1.05 and going up, before shorts stepped in - nice nice move for holders and new buyers to take cheap positions. Open 1.05 then, or again we get cheap goes.