Rpc Share Discussion Threads

[steptoes yard] 10/2/2017 11:15

a lot of alternative facts presented this morning on this Board as regards the rights issue

[esther1975] 10/2/2017 09:11

Got my rights offer through from ig. Well done to all that said buying yesterday would mean you would be entitled to rights. Respect ?

[shauney2] 10/2/2017 09:03

Getting tempted to add a few as we go below the 930p

[shauney2] 10/2/2017 08:53

Given as a buy in the Times

[typo56] 10/2/2017 08:12

from8to800, it's ex-rights. You now also have 1 for 4 nil paids rights shares (currently trading around 273p). So you're actually up on close last night...at the moment.

Nil paids will track approximately 665p below RPC

[typo56] 10/2/2017 08:05

Mine via CFD, so credited immediately. As are ex-divs.

Oh, and hedged first thing by shorting RPC. Scalp done.

[phillis] 10/2/2017 08:01

You are not even on the share register until tonight
Porkies

Tut tut

[esther1975] 10/2/2017 07:59

I bought some shares yesterday through ig and nothing in my account yet

[typo56] 10/2/2017 07:44

As expected, IG have this morning credited me with the RPCN nil paid rights on shares bought yesterday.

[typo56] 09/2/2017 16:47

Being a corporate advisor to RPC must be a nice little earner. Sometimes suspect they have too much self interest in promoting corporate actions that aren't always in the best interests of the ordinary shareholders. Of course, RPC is different.

[typo56] 09/2/2017 16:43

Yes, if people didn't trade thinking it was already ex today!

That would make RPCN 266p

[miti 1000] 09/2/2017 16:37

So ex-rights price tomorrow am is £9.31.

[broadwood] 09/2/2017 16:29

Huge ambitions. Like it.

RPC Group announces the proposed buy of Letica Group and a fully underwritten rights issue to raise gross proceeds of about £552m.

The upfront consideration to be paid to the Letica shareholders was $490m, and total consideration, which included an earn-out consideration, was up to $640m on a cash-free, debt-free basis.

The additional earn-out consideration of up to $150m would become payable, on a rateable basis, subject to Letica achieving EBITDA greater than $140m and up to $201m over the two-year period commencing on the later of 1 July 2017, and the first day of the month following completion of the deal.

The upfront consideration to be paid for Letica represents a multiple of 8.5-times Letica's adjusted EBITDA for the year ended 30 June 2016.

If the full additional earn-out payment was achieved, the total consideration payable represents a multiple of 6.4-times Letica's average adjusted EBITDA over the Letica Financial Period

[alphabeta4] 09/2/2017 15:53

As egrid1 has said - p43 of prospectus - ex rights from 8am tomorrow.

I'm on the mobile and don't know how to cut and paste the link but if you just key in rpc investor relations into Google will locate easily enough.

I trust this means this debate is now closed!

[gibson59] 09/2/2017 15:52

Thanks for all your replies... so in the long term hopefully no reason to panic?

[martinc] 09/2/2017 15:48

Gibson, shares nearly always fall on a rights issue. Often it dilutes earnings, though in this case RPC say they will go up. Plus there is lots of uncertainty - does the purchase have skeletons in its closet? Will economies of scale turn out to actually be costs?

[typo56] 09/2/2017 15:46

The TERP is ex-rights price based on the cum-rights price. That's what the 'ER' in TERP stands for! They are not 'ER' until tomorrow.

If it's the record date it would be the TRDP!

It's not to do with investors' perception of market value, it's to do with one day including the rights, the next day not including them. Like dividend entitlements

[phillis] 09/2/2017 15:44

That is not a question Miti
and you still dont understand?
poor lamb

[phillis] 09/2/2017 15:43

The TERP is calculated as from the record date
That is why it is Theoretical
It will change as investors view on overall market value changes

Any more stupid questions?

[miti 1000] 09/2/2017 15:42

Thank you Esther.I agree the rns was unclear.

Come on you muppet, Phillis . You have embarrassed yourself enough with your foulmouthed tirade. Its about time you ate humble pie and admitted you got it hook line and sinker wrong.

[egrid1] 09/2/2017 15:39

From the prospectus:

If you sell or transfer or have sold or otherwise transferred all your ordinary shares of 5 pence each in the capital of the Company (“Ordinary Shares”) (other than ex-rights) held in certificated form before 8.00 a.m. on 10 February 2017 (the “Ex-Rights Date”), please forward this Prospectus together...

[esther1975] 09/2/2017 15:35

More than happy to apologise if I'm wrong miti. There is a big difference of interpretation in the rns

[typo56] 09/2/2017 15:28

"the TERP is 980p"

Except they're not ex-rights!

What's the TERP from the current price (996p)?