3i Share Discussion Threads

[jonwig] 28/5/2009 08:20

beercap - 9 for 7 @ 135p.

Taking last night's close as 410p, you now have 16 shares instead of 7, worth

(7 * 410 + 9 * 135) ÷ 16 = 255.3p each.

So there's a small drop from yesterday (5p or so).

The nil-paid rights are currently priced around 115p I'd guess.

[typo56] 28/5/2009 08:16

beercapafn, where did you look? You can hardly miss it on the 3i Group web site.

[beercapafn] 28/5/2009 08:10

Hi ...

I don't understand todays drop, looked and cant find what the rights issue entails.

Help. 40 % drop..

[typo56] 28/5/2009 06:54

No, I'll stick with £2.50 thanks, or within a few pence.

[saltaire111] 27/5/2009 22:02

Was £2.50 a typo? Did you mean £12.50?

Salty

[typo56] 27/5/2009 21:23

But £2.50 within 12 hours!

[saltaire111] 27/5/2009 09:50

Jonwig - many thanks. Looking good again today. If the FTSE can break resistance at 4500 3i should fly. As each day goes by and the market becomes more stable 3i's assets appreciate and concerns over the levels of debt within the asset base ease. Target £8.00 within 12 months.

[jonwig] 27/5/2009 07:19

saltaire - the GM is today and letters will be sent out afterwards.
So give H-B a day or two to sort it out and you should hear early next week.

[tpaulbeaumont] 27/5/2009 03:59

very resilient y'day!

[saltaire111] 26/5/2009 20:15

I've not yet received anything from Hoodless Brennan on the rights issue. Has everyone else received confirmation?

[multisync 5] 26/5/2009 19:14

Jonwig,

Correct.

also here.

[jonwig] 26/5/2009 18:40

xr date is 28 May (timetable in circular).
Need to pay up by 11 June if you want them.

[das9] 26/5/2009 18:27

snickerdog: how do you read it that the eligibility date will be the 26th or 28th? Surely the meeting on the 27th could set any date for the xr date?

I suppose in this case the market has had ample time to digest things, so no need to delay. And to-day's strength may indicate that a 26th cutoff is anticipated, and the big punters want to be sure they qualify.

[das9] 26/5/2009 18:11

Remember those professional shorters at the 380 level? They must be feeling a bit sick by now.

[tpaulbeaumont] 23/5/2009 05:26

breaking out

[snickerdog] 22/5/2009 17:10

Goffers - the rights issue news was taken very well by the market - look at how much the share price rose on the day. But consider this first - you have to be holding the shares on a certain date to have a chance of eligibility for the cheap rights issue shares - that date has not come yet. It is either the 26th or the 28th of May and guess what - the share price will rise a lot (or should) rise in the leadup to that day. Be aware they it will also drop considerably the next day - sell early then and use your profits to get the cheap rights issue shares.

Am I making any sense?

[goffers1] 20/5/2009 10:46

Anybody

Any idea what the rights issue will do to the current share price level? i'm trying to work out whether I should sell or hold.

thanks

[das9] 19/5/2009 22:56

Brilliant day for iii in a dodgy market. Market likes the rights issue.
Shorters may be forced to close imo, pusing the share price higher, forcing more short closures in a vicious circle.

[das9] 19/5/2009 16:01

saltaire: good name for the thread - certainly as of to-day! I'm delighted to see how strong iii has been since you started!

How's the chart looking to you?

das

[das9] 19/5/2009 11:59

Help please: is there a chartist om here? i'm seeing a cup and handle formation, but (a) don't trust my own judgement and (b) can't interpret C&H anyway.

Thanks ia, das

[das9] 19/5/2009 08:29

Bit of rerating going on this am! shorters starting to feel a bit queasy, I sincerely hope :-}}

[saltaire111] 15/5/2009 21:30

By any measure, 3i is under valued. It is encouraging to see smart guys like Oriel stating the obvious.

Re-rating just around the corner...?

[das9] 15/5/2009 12:14

grevis: the 12p rise didn't last long! Agree with the assessment, however.

das

[grevis] 15/5/2009 00:00

From today's Telegraph online Market Report:
By Ben Harrington
Last Updated: 9:15PM BST 14 May 2009

A push from Oriel Securities helped private equity group 3i move 12 higher to 375p. Analyst Ian Scouller upgraded the shares to a "buy" as he believes the markets concerns about 3i have been "addressed".

Mr Scouller also pointed out that 3i is in a similar position to where it was in 2003. Back then, the shares quickly re-rated to trade at a 20pc to 30pc premium to historic Net Asset Value (NAV).

"Whilst we do not expect such a dramatic re-rating this time, we do think it is reasonable to argue 3i should trade at closer to historic NAV, given a likely increase in the value of the portfolio since the March valuation," said Mr Scouller.

The analyst gave the company a 425p price target for the next six months.