TUI DI share rights buy or sell14 Jan 2021 08:26
First time poster and looking for an opinion from some of the investors on here with a better understanding than myself. I bought TUI shares early last year at £8 a share a few days before ex divi date, they spiked the day after and I could have sold out with £1000 profit but that’s a different story. I currently hold 2007 shares with an AVG of £6.21 as I bought a few more shares over last year when they crashed but I still have a £5000 loss
So I have received 1730 DI share rights, if I sell them today at say £2.50 I could make £4500 if I buy the DI shares (which I’m keen to) this will average my share price down, my question is the rights shares I buy at 96p will it be that price that reflects my AVG or will it be based on 96p and the £2.50 so in effect £3.50 AVG, if it’s 96p then think I will be better off and almost back in profit if I buy? Sorry it’s long winded