How does this work? If I have shares do I get a notification in T212 asking me if I want to participate in advance of the issue date?
Thanks homies.
Yes - or at least you should. Some new brokers are pretty bad at some corporate actions. Iâve never seen the ârightsâ credited to my account(s) but I have been asked if I want to take up the rights. So 50% ok, 50% terrible as I was unable to trade the Rights.
RR. Issue is pure speculation right now, right?
Iâve seen no official disclosure
Rather than a complex rights issue they may just opt to run a non preemptive placing ⌠probably via PrimaryBid⌠queue the questions (again) about using that platform⌠queue my repeated noise (again) about âplease do the maths people, this is not the pot of gold you think it isâ
And so the merry dance continues
Ok thanks Finki. I already own shares in RR so Iâd take up the offer as from my understanding theyâd probably be discounted and this would reduce the financial loss due to dilution slightly?
Correct speculation, I think this will happen if they canât sell something like ITP aero.
I assume they plan for sales in USD. Because I assume they report in another currency, say, GBP they take out contracts to mitigate the fx risk.
They now have chosen to close them out because of their view of USD and bring the money back - I assume - onto the balance sheet and available to deploy strategically elsewhereâŚ