Member Info for MaryBr190

Taverham
When I placed the trade it is on record with the dealer that the rights are attached. It is also recorded that they will indemnify any loss to me. They are that certain.

This is from HL to clarify yesterday evening.

Mary,
Thank you for your call today.
I have followed up with our Corporate Actions team who have confirmed that the qualifying date for the EasyJet rights issue is 13 September 2021. The record date that has been given in the prospectus is different to the qualifying date and is not relevant to clients. It is an internal date for the benefit of the company. The qualifying date (13 September) will be the one to determine who is entitled to take part in the rights issue.

Best regards
Investment Helpdesk Consultant
Hargreaves Lansdown

Will let you know how it works out.

HL Corporate actions have confirmed to me you need to hold the shares to 5pm tonight.

Heck I increased my holding at 689 to grab a few more rights earlier so I trust HL are correct.

correction ex rights not ex div

The shares are ex div on 13th.
The record date for entitlement of the 8th Sep seems ambiguous admittedly, so check with your broker.

All is not lost If you have sold your holding and feel you unsure about your rights then there is still time to buy back the shares, at a lower price than your sold (presumably) take the hit on stamp.

GLA. DYOR.

Time will tell Slim when it trades ex rights Monday.

Tempting fate, 520 post rights is certainly possible, however the RI will have averaged up the cost to shorters unless they nimbly traded.

I remember with RR. 32p, I added pre rights to get the rights could not buy enough in the 40s & 50s and what a time that was.

Roll on Monday.

Taversham, I am expecting 570 or lower (briefly). I expect it to be managed back towards the 620/630 level and there may even be relief that the RI is out of the way.

Anyway will be great for trading, averaging down or reducing the overall average.

GLA

Taversham

IMO FWIW
Balance sheet temporarily stronger, not strong
By half term, we will be back to school closures for 2 weeks (the children in NI have already been informed that is the likely proposal / plan)
The bidder - has walked away.
If the price had been say 1200 I think we would have heard it muted. My feeling is it was £6 /£7 per share so that told would scare the children. If the market felt this was accreditive the SP would have been up yesterday. significantly

At the mercy of market makers - the Govts of the world - unforeseen events - market talking itself into a correction.

Looking out for a crazy Monday, when the preium on the RI shares will offset the recent drops to a large extent.

DYOR
GLA

It will be interesting to see the ex rights trade levels on Monday . Will it trade around 638p or lower? or around 570p.

Between 520 - 620 I will be buying and trading.

GLA on Monday 13th!

Cost of 390 shares £2964, average cost 760p
Rights entitled 257 @ 410p = £1053.70

Total 647 shares at a cost of £4017.70 = average cost per £620.97

Taking up rights and selling all above 620 recovers your loss (exclding commissions) if that is what you want.

Depends on your thought about where the share will end up.

If in an ISA I would leave it there as at the end of the day is £200 worth fretting over. I would let it ride and see where it ends up.

Your call you decide, not advice, just a view.

Cheers Slim, faith in humanity restored.

Smithy, if you have to be anything, be kind.

M.

Apols meant to post the reply to Alansoffs post at well

750 shares Cost £5614.80
Entitled to 494 shares costing £2025.40
£7640/1244 = 6.14 average cost

They are attached to the account that the holding is already in, so unless that is your ISA the rights will not be in your ISA.

You can of course subsequently sell them and rebuy in your ISA - bed and breakfast as such.

GL with you decisions.

Not advice

the chancers
yes I would agree with your calculations.

Hey Smithy

Biden to Sign Order Requiring Vaccines for Federal Workers
By Josh Wingrove
9 September 2021, 14:17 BST Updated on 9 September 2021, 14:53 BST

U.S. previously gave unvaccinated workers an option of testing
Biden will deliver speech on federal Covid response Thursday

President Joe Biden will announce a requirement for all executive branch employees and federal contractors to be vaccinated, part of a renewed push to quell the Covid-19 pandemic, a person familiar with the plan said.

Biden will sign an executive order Thursday requiring the vaccinations, said the person, who spoke on on condition of anonymity. The move marks a significant hardening of the administration’s position on vaccine mandates amid the surge in the delta variant that threatens to overwhelm hospitals in parts of the U.S.

In a speech scheduled for 5 p.m. Thursday at the White House, Biden plans to discuss the order, as well as additional steps to increase vaccinations, keep schools open, expand testing and begin booster shots for all Americans.
While the White House doesn’t have the power to require vaccinations nationally, it has pointed to an emerging patchwork of employer vaccine requirements as a key factor driving a new wave of inoculations. The Department of Defense, the Department of Veterans Affairs, the Indian Health Service, and the National Institutes of Health are all implementing previously announced vaccination requirements that cover 2.5 million workers, the person said.

Biden announced in July that federal workers would be required to prove vaccination or face mandatory masking, weekly testing and other measures. This month’s move extends that and requires all federal executive branch workers to be vaccinated, as well as extending that requirement to employees of contractors that do business with the federal government, the person said.

It was not immediately clear how many workers would be impacted by the measure.

EasyJet said the rights issue would also support its credit rating and give the company flexibility to act on opportunities. The company said it had also agreed a new four-year senior secured revolving credit facility of $400m.

Alexander Paterson, an analyst at Peel Hunt with a 'buy' rating on easyJet, said: "The capital raise is unsurprising given the continuing travel restrictions over the summer and inevitably high cash burn over the winter, even if restrictions and testing requirements are eased. Having raised capital, easyJet should be in a better position to be able to benefit from recovering S22 [summer 2022] demand, particularly for package holidays."

Do what is right for you.

I intend to sit and add. May reduce exposure a bit with the rights NIL paid and start retrading when the price settles.

The news of compulsory vax for US service personnel is the beginning of the end of the scare.

All good going forward imo unless the vaccine fails!

Gyr
Admin only. Takes account to the standard settlement of T+2.

Ask away, no one can make decisions for you.
It depends on your viewpoint and whether you have funds to buy the rights out.

Assuming at 710p - you have arond 700 shares, which cost you around 643p
Your entitlement is 461 shares at 410 = £ 1,890.10 due.

If you hold you have to pay the £1890.10 out and your new average cost approx 550p (£6390/1161)

Yesterday you had presumably a profit of approx £1,023. To get back to that level you would need a selling price of 638 so selling above that price in the future and taking up the rights puts you in a better position than where you were at yesterday despite the fall.

Yes you could sell up but your call only. Based on your 700 you will only have the right to buy 461 shares at 410p

The alternative also is to sit tight and wait for the recovery with as many shares as possible and if you beleive all will be ok then buy further dips.

Good luck. Life is a gamble.

DYOR

NOT ADVICE