The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Suffering because of expected rush to retail turned into a damp supanova blaster rocket on a rainy Nov. 5th.
Further info.
FSCS is The Financial Services compensation Scheme.
Hi,
Just check that any no cost, low cost companies out there are financially protected in the FSCS protection scheme so as any funds up to 85 grand ,i think, you can claim back if they go bust. That is £85,000 per person. You can double that to 170 grand if you split your cash and holdings and open 2nd accound with your partner.The FSCS protection is free with no charges to investors who use companies who are protected by the FCSC scheme. If you use a company not under the FCSC who then goes bust then your cash and shares will simply vanish into the ether forever.
Also all companies do not have the availability of an ISA share account which will generate tax free divis etc as ' hardup' explained in an earlier post ( cheers hardup). Saved taxes on divis adds up quick and easily cover any reasonable account charges with a safe reputable broker.
I use Interactive investor ( was TD waterhouse ). Monthly charge 9 quid. The 9 quid is then credited back to you for use in dealing charges. In effect if you only deal once or twice a month then realistically your account has set charges of zero . Interactive investor has great easy to use platform and access to all uk indices with on board in depth financial and fundamentals info on tap 24/7.
Above all make sure your hard earned is safe . Believe me when I say you will deffo sleep easier when you know your cash is as safe as you can possibly make it.
All the Georgey.
Great news. Maybe a juicy tax free special divi for isa holders in the pipeline here. Aviva must have a helluva cash pile due to recent sell offs and lockdown claim reductions. Any hint of a SD will push sp higher.
GLA.
I wouldn't fancy a short position here when the reels start spinning.
Did you know that you can now invest up to 20 grand a year in a share isa. Which equates to 100k portfolio worth over 5yrs generating tax free dividends. If you have not set up your Isa share account yet then do so soon as to start getting tax free divis.You can transfer any current holding into a new Isa.
I am investigating if special divis in an isa are also bullet proof from tax. Any one know.
Aviva shares are worth at least a fiver a pop. Keep the faith.Received my Aviva divi. Lgen divi due soon. Bought into Sdry. Improving environment for Sdry. Takeover target maybe.
Best of the Georgey.
Hi Shaunymac, JB is correct,it looks like old news. RMG rns of 7 sept. discloses future losses and estimates of future constructive savings too.
No news on moonshot contracts yet.If RMG win government covid delivery and maybe collection testing contract or even share of,it should help sp and give profit boost.
My fingers are crossed.My target price is 3 quid.Could get there quick with positive news,
All the Georgey to all holders.
Since you sold out on property, you have just been watching property values creep up over last 5 years, now at record highest levels yet. Ouch, bad timing for you, bound to hurt a little.
As for Brexit, that is just democracy,get used to it and stop being a hurting loser. We will do OK on hms UK with proper team at the helm. The euro is a knackered currency only good for Germany.
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.