Member Info for mline

Blimey - you're expensive! But fair enough - I'll paypal my 10% to you.

I don't think you need charts to know there will be resistance at certain levels. If a share comes crashing down from £4 to less than £1 then logic dictates you will see resistance at £1 and £1.50, etc. It's just easy levels for investment funds, pension funds, etc, to place on shares to off-load some for a profit taken from a lower level. Nothing really to do with charts.

@Casapinos - How dare you come on here with all your facts and reasoned arguments!!
This is the RR board. We don't take kindly to your sort!!

Great post.

toma - clearly the market didn't believe the original 2bln shares were actually worth £2.20 each - which is why we are here.

Putting "sir" in a post doesn't make you seem more knowledgeable. It just shows you know how to spell "sir". We can still see you're just trolling - and now gas-lighting as well.

You do know that RR don't only get money from the servicing of their engines right? I mean, you know they are in other industries, all of which will come back into play as the economy recovers from the damage done to it by this virus? If you really think these will be anywhere near this level, or even lower, in, say, 1 year, you must be completely bonkers.

That's weird - I'm sure I was on a plane only a week ago. And 10 days prior to that. And I keep reading that there are still about 50% of all flights going ahead. Plus, with the RI they've already said that will see them through. Plus, we know it's been fully underwritten so they know they will get their money.

It's almost as if you're just trolling....

Surely not.

poleaxe; yes, and then whoever holds the shares, ie, the underwriters, will hold a huge amount of RR at 32p - so will be waiting to pounce to sell millions of shares whenever the SP gets to, say 35p or 40p, holding the SP down for years, a la Lloyds.

poleaxe, the new shares are being issued at the set price of 32p. If the SP drops below that level no one will pay for the new shares which would then be more expensive than the Ord shares. The RI would fail, RR wouldn't get their cash and they would be right in the sh*t.

"It's a mathematical certainty to hit 32p very soon" is probably the 100th lie on this BB just today.

Please ignore posts like this...clearly just someone talking their own book.

Devil, I would seriously recommend buying some funds in an ISA. I'd suggest going onto HL's website and checking what they have. I have most of my money invested there. I only invest money directly in shares that won't kill me if I lose it.

Leave it to the pro's that's what I say...

Good luck to you fella.

Blimey. Sorry about that.

****. That's gotta hurt. Sorry mate.

@samb69. That's absolutely untrue.

...patience...

I'm gonna take these up. imo the 2 main options available to me are...

1) sell out now, for about 55% loss,, and try to use the resultant cash to make the loss back elsewhere... or

2) hold on and take up the rights. My average cost after the rights (including my original average price + New shares at 32p) is about 84 pence. Using a TERP of 54pence I reckon the value of my holding drops to about 37 pence (my current shares at 54p + New ones at 32p).

These were regularly £8 last year (i know the world's a very different place now obviously), but if they could have been valued at £8 or £10 before, imo they could be valued (in a couple of years) back up at least around the £1 mark.

Happy to take any corrections on my figures (I'm only 1 cup of tea in!)

GLA

your only option to get out with a £500 loss is to keep these for some years. Your average price would be lower going forwards if you took up your New shares (at 32p) so you could get out earlier for the £500 loss. But will require a further investment obviously. Or don't take up the rights and run these at the higher average price. Either way...it'll be a while...

I'll be taking up my entitlement too. This was supposed to be an in-and-out over a couple of months; in, then out during the recovery. Unfortunately, the recovery was quashed by a 2nd Covid spike, so this, my pub shares and my cinema shares are all underwater atm.

so this will now be a wait-and-see trade for the next few years. I'm loathe to lock in the loss and still expect to get out of these (in a year or 2) for no loss. It'll probably still be a better trade than a cash ISA!

GLA.

@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.

Not long term no. Some weeks. Not my best decision but hey ho!!

Bottom drawer etc!