Member Info for Thedetector

Answering what to do.
Your option of doing nothing and riding it out is a no no. Your existing holding will be massively diluted.
My action would be to take up my full rights allocation of 32p a share and hope for a 'Hail Mary' of a pass completion in the form of a take over of RR.
Best of luck to all Rollers.

Hi Azzuri,
A few a a bit unsure of timetable of events.If you read the RNS dated 1st of October and scroll down to section headed Indicative Summary of Principal Events you will read as .
Record date for entitlements under rights issue is close of business 23rd of October 2020.Close of business as being 4.30pm.
All shares held or bought up until this date and time will be calculated for your allotment of 10 new shares for every 3 in your holding.
Best of luck to all Rollers.

Close of business meaning 4.30pm

The answer is yes. It is the holding you have on the close of business on the 23rd of October 2020 which will be equated to the amount of rights issue you will be offered.

Record date for the entitlements under the rights issue.

Close of business 23 October 2020.
Best of luck.

I believe it to be correct that if you hold on to your shares and do not take up your rights to new shares then you will be automatically remunerated to a level of remuneration for the rights you have not taken up.
It is also possible to sell your rights entitlement and still keep your shares.
I am not a RR holder. Hope it all comes good.

Reads as receiving 10 new shares for every 3 held.

He is still the best, George best.
All the Georgey BB.

Lot's of you must be hurting big with your hard earned glued to RR. This is an idea for you to digest. I am suggesting a lifeboat to try and ease pain and get you back near to where you want to be. I am suggesting that you bite the bullet and switch your position over to another company to give you an excellent chance of losses recovery.
You could switch over a percentage of maybe 50% of your RR investment if you still have confidence in RR.
The lifeboat investment I am recommending is legal and General (lgen).
Lgen is a well run company who is at the moment paying an excellent divi which will help in losses recovery. Even if lgen divi is cut during covid crisis it will still be worth owning. Lgen not long ago was trading at over 3 quid a pop and has been paying full divi while other divi payments have evaporated. Big share price gains are to be made with lgen.
I have just bought in on lgen and have a target price of 3 quid. I think lgen has a great chance of achieving this. This is only a suggestion and I am a pi just like you and not a pro.
If you think lgen might be your lifeboat then you must do full diligence on lgen to convince yourself that you are doing the right thing. If you swap some of your RR holding then you must be prepared to miss any bounce in RR sp while you wait for lgen sp recovery.
For me I prefer Lgen over medium and long term with attractive divi return.
All the George to all pi's one and all.

Cheers ISpy.
Regards
Thedetector

Seems so. Up from 12.10% to13. 10%.It is all OK but if he decides to offload the lot or a big chunk the sp will probably tank. Kretinsky the billionaire Sparta Prague soccer club owner may well want to get his hands on RMG. Or maybe not.
Is his current holding in profit and by how much. What levels has he been buying at any one got the maths on it.

Anyone hazard a guess at a bid sp might come in at if a bid materialised.

Hi,
Wood Group will be well placed to hoover up any contracts available due to enforced financial problems or subsequent liquidation of oil sector businesses.

But no company is totally invincible to this global crisis. At these times this is when board decisions on a daily basis are absolutely crucial. As in nature, 'natural selection' will define the outcome and survival of the fittest.

Only invest what you can afford to lose. Be careful.
All the Georgey and best of luck.
Thedetector

Something about counting chickens comes to mind.Keep it hush on the divi, don't focus minds.Let it just happen,,quietly.

Just watched a YouTube video on ut trades, understand a tad more now.

That explains the uc abbreviation a trade is a trade it shows as a buy trade. Not sure about uc trades. Certainly not my 15m.
Cheers for info. Give more on uc if can.
Regards.
Thedetector.

Hi Poker check out that 6 million plus share trade after hours. Any ideas. 15m quids Worth am I reading it kosher.
The detector.

Gotcha Poker. Toff has his right to state his own opinions even if we might somewhat differ. Bet he is a great bloke to have a pint with though.
Don't be too 'arsh with folk you have never met.
The world would be a rotter of a place if we all had the same views with no one to banter with. Keeps us all sane.
Gonna walk my dog now. I have told wifey if I am not back within the hour I will probably be under arrest as it is his 2nd walk today.
The detector.

I am getting a bit confused with all this banter.,gonna walk the dog for the 2nd time today. Am I running the risk of arrest.
The detector.

Poker am I firing my arrows in the wrong direction.