Member Info for philpot1001

14p barrier is knocking

i don't think you would have received any messages or options on the rights issue yet? It only went to record yesterday! Im not 100% on timelines though. As soon as I receive my options ill let you know

what im not sure about is this...........what happens if I sell my holding tomorrow.....do I still get the offer of the rights issue as I was holding at the cut off time? or do I have to hold the shares until issue date of April 19th to qualify?

my understanding (and it is just that so don't take it as gospel) is: you should receive a message from your broker asking you what you want to do (with 3 options on the table)....take up your rights and purchase at 2/5 * your current holding (at the discount price).....ignore and do nothing....or sell your rights to purchase at the lower discount

Trading works great when it falls back...but I have a feeling in my waters with the figures released this should be the ratchet point where it no longer falls back.

FWIW I have ever been "trading" these since I came on board a couple of years ago buying on the dips and selling out on the rises.... however after this set of prod figures released, I think that game is over for me here. I'm now intending to stick with what I have for the longer term . Hopefully other people who have been using the same trading game recognise the attraction here to II's and reduce the profit taking after each RNS. Hopefully....

Did you buy in smilllingyellowvan? I'm hoping to hold these long now in the hope of a bit of a recovery in the company, then in time return to dividends.... "if" they ever recover to 2016 divi levels I could be looking at 9% returns from divi alone!

13.7p came from nowhere! hopefully it sticks a bit better this time

for my sins I bought in just now with a small tranche. I will be taking up the rights issue in order to get a decent average.........."IF" it drops below my new average on the rights issue day, ill top up and average down further....then that will be my lot. let the roller coaster begin

im pondering the same....just done the calcs, and if you buy in at todays price and take up the offer, you would in theory end up with an average of 114p (assuming the rights issues are the same as normal shares?)....if that is the case 114p is a tempting average. On the other hand you can wait until the day of the rights issue and buy that day as the SP will drop - however its a gable as to what value the SP will drop to. I did it with Tullow Oil and bought in at 198p - however if I had bought the shares and taken up the rights issue my average would have been 185p, so I would have been better buying early and taking the rights anyone else care to comment if im accurate on this?

well I stuck my neck out today, I may regret being trigger happy, however I've patiently watched this fall back to a point where I think its due a bounce back - so I've topped up at 4050p.

lol yep! interesting to see where this bottoms out. Also interesting to see how fickle the market is with sentiment strong a week ago and looking a bit negative now. Hey ho, usual ups and downs.

Didn't see this rise coming in the event of last bidder pulling out! Just goes to show you can never predict the markets! I'm guessing they approve of the new boss?

broker downgrade knocked the stuffing out of us today. be interesting to see if the SP pulls its pants back up and heads north again.

lol sorry Galliford.....typo time.

I got out a while back at 908p, if it falls back into the late 700's ill consider buying back in. Guess that depends on the Gailford bid as that could bounce the SP if its forthcoming.

I saw an article today (think it was telegraph) that seemed to imply the investigation was down to the timing of the LAST rights issue, not this current one. Bit galling for the new management this just taken over if that is the case.

quite a bit of profit taking at 4300p, no surprise TBH. I personally wont think about selling out until 4700p (if it gets there), and even then im not sure I may just hang tight.

Anyone have any ideas yet as to what the infringement was? All I've seen so far is they are going to be investigated! I'm not holding here but have one eye on it, if it drops as a consequence of the dilution - and potential repercussions of this investigation I may be tempted.... mind you depends on what they have done now, if it's pure mismanagement it does make you wonder

Q1 prod update looming, given the rhetoric in January i'm hopeful of a trend upwards leading up to the figures.