andhi i had the same dilemma, you need to work out how much you would get if you sold rights issue and decide if you were happy with that. or sit on your hands and wait
they consolidated the other day, for every 10 shares you held this was put to 1. what this also meant was that for every 2 you owned originally you could buy 5 more shares at £1 each so in other words you can buy about 260 ish shares for £1 each, as the current price is about £140 you can sell them if you wish to make back your origanl loss when they consolidated. hope that made sense
i only have 500 shares which i bought at £1 so if i dont buy my allotted quota i will then only have 50 shares woth total of £50 when they consolidate? Is that right?
Anyone any idea on this consolidation issue, how is it gonna affect us? Letter says every 10 ordinary shares of GBP 0.10 will be consolidated into 1 ordinary share of GBP 1.00