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@The devil ; Jesus Christ! you have £75k in here and don't know what you're doing? Wow. Mate - learn how to invest in funds. I recommend HL for their ISA's. I hope you're so well off this doesn't matter as much to you as it would to me, but LtCaptain is right - please don't invest life-changing money unless you know what you're doing. As I said, I hope this is pocket money to you!
GL
Yes - you're right - I shouldn't have said these won't hit 32pence. There's of course a small chance they will. They could hit 20p theoretically, or even go pop. But I really think there's very little chance of these going much below the TERP of 54p. (NOTE PEOPLE - that's the EX rights price. These shares are CUM rights. There's a BIG difference)
You're correct though - I shouldn't have asserted these won't hit 32p. Didn't mean to mislead.
You should get an email from HL telling you there's been a corporate action on one of your shares. You will then have the option to not take up the Rights Issue, or take it up in part, or take it up entirely, at 32pence per New share. They will be quoted separately while this is working itself out. When they finally go Ex-rights (ie, you no longer are allowed to buy any), the New shares will be merged into the Original shares. If any New shares don't get bought in the market by the existing share holders, they will get offered to (and, in my experience, normally completely hoovered up by) investment funds, pension funds, etc.
Can everyone please stop saying you should sell and get in at 32 pence? These will not get down to 32p.
If, like most of us, you are in these already, you can either wait and hope they will rally after the RI is out of the way (yes, from a lower base, but not from 32p), like I'm going to, or sell now, take the loss, and forego the 32p shares.
If you're NOT in these already, please stop de-ramping. There's been enough bad news in this share over the past few months, we don't need people revelling in it.
Just in case there was still any doubt, this is 10 New Ordinary Shares for every 3 Existing Ordinary Shares
Shares in issue will go from 1,930,995,313 to 8,367,646,356 after this is complete.
If you have 3 shares at 1.30 (value 3.90) you can now buy an extra 10 at 0.32 (value 3.20)
Total value = 13 shares at 7.10.....or 0.54p each.
But, I assure you, this WILL be taken up fully.
At least this is finally done and out of the way now - no more speculation driving the price down week after week...
What do you mean? If you don't take up your rights they get offered in the market...but the value of your holding still falls to the normal SP. It's extremely unlikely that the entire tranche of RI shares won't get taken up by big investors, pension companies, etc). You'll normally be able to get down your average price by buying some of the RI shares, but you don't have to. Be aware they will be offered at a discount to the market; so, "cheap" ones....
I think that's one of the reasons yes - the other being that the virus has been proven to spread wider and faster indoors than out - so they are trying to bring some of the outdoors in, if you see what I mean.
That's a spoons-wide policy - my local one in Billericay (up the blues!!) has the same but there's a big banner stating JDW's policies to try to keep their doors open and the virus out. It does say they're sorry if it makes people uncomfortable (sorry arudge!) but they need to leave the doors open so please ask to be reseated elsewhere if possible if you get too cold.
I say it's a good idea, if it keeps even 1 infection out of JDW pubs...
It won't be a single share trade - it would be some sort of adjustment.
This share's pathetic. Wish I'd never gone near it. Can't believe the BoD are staying so silent. If they need to do an RI, they should have done it weeks ago, then this would probably still be above £2 even after the dilution. To watch this just drip, drip, drip down like this daily and not try to placate the markets at all with any indication of what direction they intend to take is really poor.
Bottom-drawing these, apparently for the long term, but really unimpressed with the Board.
Must be something wrong with my monitor - what's wrong with the red colour they use for the SP here? It's not quite as red as it has been every other day for the past month. Best I buy another monitor! Damn!
*logs into ebuyer...*
I was about to say the same thing. If you're waiting for, say, 160, then hold off (I mean I don't think this will get that low, but then I never thought it would get sub £2), but if you're waiting for 188, and these are 191, then don't worry about it - it's about a 1.5% different entry price. It makes no difference to your future profits or losses at all.