RE: In need of sincere advice3 Oct 2020 07:42
Unfortunately its an exceptionally large Rights Issue which will massively dilutes the existing share holders so we have a choice of sell now and take a loss and try and buy back after the Rights Issue is done or keep our shares and put more money in to buy the Rights entitlement or keep the shares and just sell the Rights entitlement. Unfortunately the market tends to lower the share price to the Rights Issue price before we'll have the chance to sell the Right. All round this is a disaster for RR its people and its shareholders unless we get a vaccine quickly and people start flying again RR is on a long and dangerous road to recovery. To be honest there are better shares to put our money into, for RR to be back to its highest market capital the after rights issue the share price will only be around £3 to £4 that could be years off if ever. Don't forget RR will be carrying massive debt at junk bond prices so a dividend is a distant memory. All very sad for what was a great British Company thats made bad decisions over the last few years. Example.. no small engine for short haul single aisle aircraft that would have replaced the V2500.