RE: starting to look like £9 will go...6 Mar 2019 10:48
The BOD will not announce the SP of any RI until the market has settled at a solid level - no point announcing a RI SP of 850p if the market price is below that - which looks as though it will be on present trends. KEIR had a disaster on its hands in exactly that scenario and the underwriters were forced to buy 70% of the RI at a high price then sell at a lower price - not good for future deals with KEIR (not to be confused with KIER which is a big company and doing OK)
The RI price could be as low as 700p to 750p - depending on how low the market SP is at the time of the RNS
Anyone's guess now on where the SP goes but day trading - buy late PM and sell next AM seems to work well at the mo
GL all