RE: Read between the lines11 Sep 2021 11:46
OK, last years IAG RI was a 3 for 2 offer. You could buy 3 shares @90p for every 2 you held at that market price which at the time was 180-200. With the extra shares in the market & increased capitalisation the shares started trading at the TERP (theoretical ex rights price) This was around 130 to start & was extremely volatile dipping right down to the rights price at one stage as i recall. The situation last year was very different to now though. No vaccines, no recovery. It really did look like IAG may go bust. This company is in far better shape than last year. Personally i don't think they'll do another RI. Lots of speculation fuelled by the EZJ stuff but really it's not worth worrying about if you plan to hold IAG for a long period as the additional capital will strengthen the business!