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Its a fair question, but I am looking at it like this at present:
RR stated that this dilution would (I think) get them through 2022, so as long as 2021 is the journey to recovery in terms of the general population, then air travel would I hope resume before RR needs to dilute again. I really do feel, this share could be a slow burner upwards.
I think there is the likely potential for a drop. Allow that the Share price dropped to about 100p a share at one point, some one still in, who bought for (example) 130p before dilution and took up their options at 32p, could now have an average of under 55p. So, that range of buying and selling may chose to get out.
I also think the potential is there longer term now for a recovery and people in general will see a great brand and growth that should resume. Safe in the mid to long term.
Hmm, I also thought this news might propel the price a little higher than it has. If not today, will it now wait until 23rd or 24th November for Shareholder approval? A little speculative growth may occur in between hopefully.
Cheers Poleaxe. I suspect the main protagonist of those conversations who had such strong opinions but only 10 posts was working under a new username for a reason. I am new to this and their confusion with such strong opinions did cause me some concern. It does prove though, that "Do your own research" is still the bottom line. Grateful for your guidance throughout.
Hi - I did exactly that, purchasing on 27th, but have just received mine. I did call my broker, but actually their options menu said "if you are calling about RR Rights, they will be allocated by cop today". I am aware the shares with HL, Barclays and Halifax have been allocated. Hope that helps.
Agree. I wont pick a price, but think once the 9th November passes and all shares are in issue, followed by a trading update (during Brexit and Pandemic still at a worrying height), there will be a fair drop from current level.
I also think it will recover, but not in 2020. Its still got good fundamentals/model.