Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Big blue, you in for big shock ( even I was under same impression as you at start but when I saw rights appearing in my HL account yesterday, it all became crystal clear).
spend some time to learn some maths rather than writing long posts here. It does not first add up like 575+166 as 575 represent your old no of shares and 166 only represents ( old no of shares*31/47) so you cant add them. Your old share price equivalent now including rights is 575+ 166*31/47 = 684p. Its still much below 789 that it was day before RI news was announced ( SP on Wed close, RI announced after trading was closed on Wed)
good explanation Hexam. If anyone want to know what your shares are worth if there are no rights , its 684p at current Sp of 576p
Hexam, my comments were not for you but for big blue
yes Hexam, we are paying 4.10 for a 4.10 share. I don't get where people are coming from. You can buy shares from market today without taking any rights and its makes no difference to your cost.
what bargain?? Do you even own any share? Do the math, there is no advantage of taking rights issue.
"Good time to take up the rights issues. At the price of £4.10 it’s a bargain. 3.79b market cap. December 2011 was the last time Easy jet was this price. As a long term hold it’s fantastic. Yes there is so called rampers and derampers as you so call it but the long and short of it is in couple of years time or more the fact soon as travel resumes properly again this will flourish massively. Upto you chaps"
"Likewise for Easy, meaning a whopping 170p freebie with the rights."
Do you own any ESJ share? If yes, you would not have said 170p freebies with rights. Its split of shares at Friday's close price of 680p into tradable rights at 170p and existing shares at 580p. There is no profit / gain
@hpsauce, depends on your broker. HL will take money from normal stocks account ( if your isa is full and you cannot add cash there) as long as you keep sufficient cash there for rights.
Investroid, that’s exactly my dilemma. I don’t see any advantage of putting 1/3 extra money to take up rights which do not offer any leverage over a non stock holder as tradable rights price plus 410p add to current market price so anyone can buy straight from market than taking rights which offers no advantage to existing shareholders.
Yes I won’t pay 177 as that has come from Friday’s close price of 680 as my shares are now split into tradable rights and old stocks (for which price has now reduced from 680 to 588). So, I am clueless as to what is the advantage to existing shareholder of taking up so called discounted price shares when it all add up to NO leverage over people who don’t hold any stock and they can buy from market at same price as me.
I have my tradable rights showing in HL accounts at 177p. I believe I need to pay 410p for each of the share offered. So that add to the current price of 587p so where is the profit?
I can as well buy shares from regular market. Am I missing anything here?
Unless ESJ RI is sorted, all UK airlines will suffer. Individual/Institutions may sell other airlines to get funds to take up their ESJ rights.
I see IAG will continue to fall unless Easyjet RI is sorted.. Individual and institutional investors have to get funds from somewhere to fund RI and that would mean they may sell other airlines stock to do that...
The way SP is moving , I think its getting ready for second RI. IAG falling much faster than any other airlines.
I want to sell and buy later lower but impossible to catch falling knife this time around. The price has gone at same level at it was when vaccine news was announced which is a joke
Yes expecting a green today at the end. Not going green means something terribly wrong with this stock
You can open up normal stock account ( non isa) and get the new shares in there.
US airlines are all up today, hoping for a good run tomorrow for UK airlines