Member Info for Paul2566

It appears the market is generally upbeat. At face value it looks like a response in part to the Japan trade deal.

SAK50
Not sure who your basic tutorial was aimed atbut perhaps my post is also grey.
I meant to infer that South Korea isn't well known for its openess and honesty, and I doubt a GSK licensed vacine is directly responsible.
Sorry if I wasn't clear.

TrekMadone.
I'm a BMC and Giant man myself. ;)

Oh contraire.
When I bought in the £16's I saw value in the company, as the SP drops, I re-visit my thoughts and find little has changed, so lower SP just means more buys for me. But of course I could well end up with a very eggy face, as I'm well awareif I were a trading guru, I'd be living somewhere warm sipping coctails by the pool, which unfortunately I'm not.
Fortune favours the brave. (I hope)

That may explain some of the SP movement today, but the information appears hazy at best.

I'll keep averaging down in 300 to 500 lots, if as you say it hits £12 I'll up that to 1000 to 2000 lots, until of course the pot runs dry, or the holding exceeds 30% of my portfolio, whichever the sooner.

Bugger, hindsight is a wonderful thing.
Just had a price alert at £13.25.
Still I think I got value and will re-evaluate if I get a £13 price alert.

Hopefully I got lucky. Just averaged down twice today.
304 at £13.4180 and 400 at £13.2953.
Unfortunately my average SP with costs is still £15.2738 so not feeling particularly smug.
I like the company and bought a while back in the £16's which I thought was fair value, and I do so love a dividend.
I have been waiting for the right tie to increase my holding and average down, and thought today was that day, so hopefully I'm right.
Still with my 10 year horizon and dividends being reinvested, I think all should be well.
not sure this is the bottom but IMHO I can't see the SP falling much further, but if it drops to £13 I'm buying a shed load more, and I guess if it fell further I'd be saying the same at £12.50, ever the optimist.

Well my ISA is full this year, and my BED account is fully invested.
Just considering either using part of the £20000 allocation next year to increase my holding in LLOY or adding HSBA. I do like to have one or two banks in my portfolio.
I'm a big fan of SSE, NG., LGEN and ADM and have holdings in each, which together with the banks form the backbone of my portfolio. GSK is another I hold. Keeping an eye on AV., BA., BVIC, and may well add one or more of those next year. I really like the idea of RR. but got out yesterday with a modest profit as decided to wait post RI to see what happens.
I do like a dividend.
Like I said LLOY was good to me about 10/12 years ago and I made about 60% profit when I sold, made the mistake of buying with my heart this time and got in way too high. Hindsight is a wonderful thing.
If LLOY is still below 30p after 6th April I may pick up some more. I see value in them below 30p, and think they should stay in the 28p to 40p range for the financial year 2021.
I'd love to see them back to 60p, but thats not happening while interest rates are so low, and I can't see that changing anytime soon.
I guess I'm still a fan of LLOYDS long term, or is that my heart leading my head again.

Good morning all.
I've held LLOY. for some time, and there was a time when they were good to me.
Not so good in the last years though despite averaging down.
I'm currently at 42.38p and down 33.7%. At least there was some small relief in the form of dividends.
I will continue to hold, but would welcome personal views in relation to where LLOY. shares go next.
If/when dividends return I suspect they will be greatly reduced, and with a no deal brexit looking increasingly likely I fear LLOY will suffer further. They are in way better financial shape than during the last crisis, and I doubt a bail out is going to be required. They have made me a reasonable profit over the years, and will continue to form part of my portfolio if I can find further value over the next 12 months. At the moment they stand out as a wart among my other investments.

Ok thats that. I'm out at an acceptable 10% profit.Shame but RR. feels too much like gambling to me, with too many unknowns.
Best wishes to all.

I guess I'm looking at the view of:
If RR. is worth X-Xbn of debt, then X-Xbn debt + 2bn is still ans increase in value of 2bn at that moment.
I actually suspect the 2bn short term will be used to cover losses while operating.

I may have this wrong, however as I see it;
There are currently 1,931,000,000 RR. shares in issue.
I believe there is value to be had at a SP of 205p in the current climate. This of course means absolutly nothing as its my view based on risk vs reward. But indulge me, and for arguements sake use 205p in this example. But I can't for the life of me work out the true current value of RR..
The RI will create another 6,436,651,043 RR. shares.
Post RI RR. shares in issue will be 8,367,651,043.
If at market close on 27th October the SP is 310p the theoretical post RI SP would be 71.539p.
If you had aquired your pre-RI shares at 205p you would just about break even.
At 205p RR. market cap would be £3,958,550,000.
At 310p RR. market cap would be £5,986,100,000.
Thats a £2,027,550,000 increase in market cap, which roughly equates to the £2bn cash inflow from the RI.
So with all things being equal, a fair closing price on 27th would be around 310p based on the example above.
Does this thought process hold water?

Thanks folks for taking the time to reply, its been helpful and reassuring.

Please forgive me, others have tried to help in other posts and I very much appreciate their insight.
Here is my example.
I hold 2350 RR. shares at 204.71p.
The RI will add another 7833 shares at 33p.
This will bring my total investment to £7316.67 and a holding of 10183 shares.
Post RI to break even the SP would need to be 71.85p.
Many seem to believe post RI SP will be well below this, which I find confusing.
Now short term losses don't concern me overly as most of my holdings are held with a 10 year horizon, and I happen to believe strongly in RR. as a company despite its recent problems from 2019 onwards, some of which were of their making and some of which were out of their control. Without the RI I saw value at 204p long term, but despite some guidance from others still find it hard to fathom what the post RI SP is likly to be after the dust settles.
I know its up to me to DMOR and perhaps some of the negative posters on here have just confused matters.

I have no idea. i'm only holding 2350 RR. at average of 204.71p. I've been tinkering in shares for about 15-20 years and made a modest profit, but this is my first time through an RI. My intention is to hold and take the full RI. However if it does hit 250p I will think about closing in the hope I can buy back in below 250p. Currently RR. (at closing SP Friday) is about 5% of my overall share holdings. Because I have no previous experience with events like this RI I am a little cautious. I think there is good long term value in the SP at 204p but that RI is really bugging me. I understand why RR have done it and it appears to me to be a sound idea in the current cimate. I really cannot see RR going bust, but keep comming back to the RI. Any insights greatfully appreciated.

Just filter out individuals in the tab above. Anyone lowering themselves to insults has no advice I consider worthwhile.

213????

But would there not follow a massive bun fight to get out and realise profit from the RI, beforesome sort of stability at a lower SP ?

Trail seems to have gone cold for the moment.