George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I accepted my rights ( as I am sure many others did ) when Halifax stated they would be £4.01 each to take up. This acceptance at that price is in black and white on my account. Today Halifax state the price should have been €4.87. I wonder if this can be challenged legally to get the rights at £4.01 which they stated and I accepted? Any legal boffins or solicitors on this board?
beetrootjuice --- confused myself regarding the price of £4.01 stated by Halifax to buy each of our rights as the Tui stated Euro price is €5.55? And as you say the £4.01 equates to €4.55. Very strange and a bit unsettling and confusing for anyone taking up their rights. Do you know what the rights were selling at through Halifax today beatlejuice as i havnt had the time to today to keep up with things? ALSO if you get to the bottom of the stated £4.01 kindly please let me know as I will to you.
beetrootjuice ---- I've been working out all different permutations for taking all my rights. I am very reluctant to invest any more money in Tui at the moment. I have sold my holding before it dipped too much and will buy as many of the rights as possible with that money. The rest of the rights I will either :--- sell some to pay for the remainder or invest more and buy them! Not sure yet but VERY reluctant to put more money in at the moment. But either way I will end up with my full rights and I will still have far more shares than i originally had in my holding even though my percentage hold in the company will have gone down which will give me a chance to pull back on my losses if the sp improves.
Just my thought! ---- If anyone is invested here and can't afford to take up all or any of their rights , it may well be prudent to sell some of what you've got at the moment while the sp is near £7 and use that money to buy your rights at £4.88? Just my opinion so dyor.
avocet --- that's right you agree with me at last, it was much easier to attract investors when the share price was CHEAPER pre consolidation than it is now the price went up 10 fold. Investors total money investment remained the same of course at consolidation but has now dropped due to the detrimental impact of the consolidation.
avocet --- you obviously don't have much idea of share dealing and share sentiment and the implications of company debt and the implications of share consolidation on a company with huge debt or how markets work and react! Nothing more to be said about your naive market comprehension or should I say lack of it! As regards my intentions you really should read my posts to stay up to speed. Dear oh dear avocet , you really are an amateur at this game!
Spammy ---- I believe the opposite applies in TUIs case because they are a company with huge debt and making the sp 10 times higher will deter investors because they have to pay more per share to buy into a company with that debt.