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Nice to read some down to earth messages. I too have been researching if a share holder can purchase another share holders right issue. I know shareholders can sell or buy, all or part of their rights, but I’m not sure if RI shares can be sold from one shareholder to another. I will keep looking.
Another option if you can’t afford all of the RI is to sell part of your rights, then use the proceeds to take up your remaining rights. I’ve read this process is known as “swallowing your tail”.
My broken (Jarvis) has said that ‘ All details for the Rolls Royce rights offer will be sent to clients via email/letter towards the end of October 2020 with full details of how to proceed further if taking up the offer.‘
I guess I will find out soon enough. Hope this helps and all the best.
Im in the same boat just not as much £... Im leaning towards taking up the RI as the share dilution does not really change my paper loss %, it only increases my financial exposure as I follow the dilution down. Hopefully mitigate my losses before spring 2021.
salesale - Im in at 3.2! If shares are trading around 130 with the dilution already announced, then hopefully they will trade much stronger and be even more attractive once RR have secured the £3billion. I don't expect to be in profit, but hopefully mitigate my losses before spring 2021. I intend to take up the RI as the share dilution does not really change my paper loss %, it only increases my financial exposure (which isn't as much) as I follow the dilution.
Coronavirus: UK to open up European holidays from 6 July https://www.bbc.co.uk/news/business-53199089
Correct me if I’m wrong but the UK unemployment figures are due to be announced this Tuesday 16th June. Do you think we will follow the US announcement that saw a jump in the markets from better then anticipated figures? It will be interesting to see how the market react on Monday prior to the figures. For RR, I recently sold all shares then jumped back in at 3:30 on Thursday, if the announcement is good news then hopefully this will start a positive week.
Massa4: Interesting news tonight on the UK Quarantine measures. Looks like they are going ahead with the 14 day quarantine and reviewing every 3 weeks. Will be interesting to see how this effects travel stocks tomorrow.
‘Plans to force almost all arrivals to the UK to isolate for 14 days have been confirmed by the home secretary.’ (BBC)
Nice to read I’m not the only one kicking themselves for not selling Tuesday. I’m starting to get cold feet about this stock but hope I’m wrong (in @320). I’m happy to take the opportunity to top up while it’s low, but how low is the question? It wouldn’t surprise me to see 2.50 again or even lower... Is it me or are the low broker ratings for RR becoming a self-fulfilling prophecy?
There might be a few more dips to come, (Q2 can’t be good news?) but it’s a risky business on a stock that’s bound for recovery (in my opinion) over the next 12-24 months. I’ve brought RR 3 times on the way down and will buy again if it dips. I would be kickIng myself if I messed the recovery for the sake of a quick 10% gain. There might be more time to trade the dips, but don’t miss the bus!
No sure if it’s wise to hold over the bank holiday. Government about to decided on renewing the lockdown time scale might have a negative effect ( especially if it’s decided another 3 weeks) over a 3 day weekend? Share price jumping 50p-70p 2-3 times over the previous weeks, it will be interesting to see if it works it’s way back down to below 70p.