Capital & Regional Share Discussion Threads

[john henry] 24/8/2009 08:12

Cyberbub imho peeps would be selling there holdings now to reflect the open offer and achieving the weighting they are comfortable to hold.
Of cause there will be those that with the open offer there weighting will still be to high nad sell no matter what the outlook for the company holds.

[cyberbub] 24/8/2009 08:09

Typo, so the anwer in your view is 'yes'? I don't short stocks, matter of principle, call me stupid!

[typo56] 24/8/2009 08:05

cyberbub, anyone who intends to sell their entitlement would surely have done so before now (ie shorted), rather than wait until they receive their shares?

Having said that, I see Freddy didn't with his 300k allocation. I think he missed a trick there.

[cyberbub] 24/8/2009 07:56

Anyone who has been in an OO before - what is the likelihood that on the 10th Sept the stock will plummet from 38-40p down to 25-30p as lots of people sell their newly-acquired shares for a quick buck? After all there are probably not going to be many buyers on 10th Sept while they wait to see how it all pans out, IMO. I suppose holding for a few days might see the share price recover again, as bargain hunters pick them up in the 25-30p range. All very tricky, trading stocks in these unusual situations is more down to psychology than anything else! DYOR

[fastbaz] 23/8/2009 21:03

Further...

There will be a difference on reply by dates to brokers - there is a timetable set by the company CAL. But each broker will set its own timetable within that timeframe - this is standard for all Offers and Rights and was stated in the RNS for this Offer.

[fastbaz] 23/8/2009 20:58

Key date for entitlement is close of 19th (8am 20th being the "ex-entitlement" date) the - you had to own the shares by close of the 19th to be entitled to purchase shares in the Offer.

Record date is the date of the registrar of shareholders who will receive notification of the Offer - but if you sold on the 19th, the entitlement passes to whoever bought your shares - not sure though how this works in practice as not been through this myself.

For a market value of these sharess, see my post 1200, or Kibes post 1195.

For what its worth, did sell my holding friday morning, but only cos needed funds for new Offer shares, otherwise would have held as believe this co. will be relatively financially safe and will move considerably higher alongside general market recovery - the bombed out share price of this share was largely due to debt issues and property value write-downs, both of which should improve considerably.

[maxwellman] 23/8/2009 18:53

you had to hold the shares at close on the 18th

Record Date for entitlements under the Open Offer = 5.00 p.m. on Tuesday 18 August

[lol short killer] 23/8/2009 18:50

Bailiffs, SEY and CRND. lol

[nurdin] 23/8/2009 14:23

I am with TDW too.You must let them know by 1st Sept if you wish to subscribe.Shares will be in your account on 10 september if you subscribe.

[cyberbub] 23/8/2009 14:18

Yeah CR I am also confused, are you able to assist?

As I said, TDW seem to be saying to me that I can buy them up to the 1st Sept, but others here say 26th August. In fact the timetable in the latest RNS says:


| Latest time and date for receipt of completed | 11.00 a.m. on Friday 4 |
| Application Forms and payment in full under the | September |
| Open Offer and settlement of relevant CREST | |
| instructions (as appropriate)


I am also not clear whether I can sell them now without purchasing them in the first place, since I have a "Sell" button next to my entitlement in my control panel, as well as a "Buy" button...

TIA

Cyber

[sja123] 23/8/2009 10:10

Sounds like good advice, CR......Selftrade have given me rights over too many as I sold some on the 19th.....so I will only go after what I am entitled to.

I have until 26th August to notify them if I wish to take up the offer....I will have to speak to them about this but do you know when I can actually buy the 24p shares and also when I can sell them?

The timing of this is obviously important in order to recoup funds I lost on the initial price drop on Thursday....

[cockneyrebel] 23/8/2009 10:00

It doesn't matter whether you get a letter saying you are entitled to the offer shares or not, you're only entitled to them if you were holding at the point they went ex offer, ie you had to be the owner of them at the close on the 19th Aug as they went ex offer at the open on 20th.

If you take up an offer that you were not entitled to they will come after you via your broker and take the money back and the gains you've made on them if you have subsequently sold. There's often confusion when these offtes happen if you have bought or sold near the ex offer date as you may appear on the register when you don't hold. So if you get a note saying you're entitle to more than you expected or when you know you shouldn't be getting them it's best to confirm it with your broker - sakes a lot of messing about and disappointment later when they audit the offer imo.

CR

[wongman] 23/8/2009 09:02

but surely the open offer is there so we don't get screwed over by that scenario...otherwise they'll have a lot of p*ssed off shareholders.

I think it will fluctuate around mid 30s but not sure how it will react on 10th sept.

[spec7] 23/8/2009 08:56

"because existing shareholders would see their profit wiped out and the issuing of a 2:1 ratio of shares would basically be pointless- they'd just be holding twice as many at a small loss."

Thats exactly my point !!
between now and when these shares start to trade, dont you think the share price will drop to 25p-30p anyway. Looks to me like CAL is following the BOE and trying to print money ;-) If they were worth..say 45p then wouldnt you epect the rights issue shares to be about 38p ? Fact is the share price is now 39p and dropping.

[wongman] 23/8/2009 08:39

because existing shareholders would see their profit wiped out and the issuing of a 2:1 ratio of shares would basically be pointless- they'd just be holding twice as many at a small loss. I think the profit margin you had prior to Thursdays opening would still be maintained, only we have to wait longer to take our profit.

[spec7] 23/8/2009 08:26

wongman
I think the banks have other worries :-)

Everyone seems to think this is a good thing but i cant see why when these 25p shares start trading....the price will be anything other than 25p

[wongman] 22/8/2009 23:31

Spec7, I have not heard anything from HSBC yet either

[cyberbub] 22/8/2009 19:48

I am a bit confused too.

I have received an email from TDW that says that I have until 1st Sept to say whether I want to buy my entitlement. Does anyone know whether TDW allow you to buy your entitlement on their usual extended settlement options? A bit cheeky I suppose but I thought I would ask! I am a bit short of the readies at the mo, a couple of trades gone against me, so would prefer to take them on a T10 if I can, which would take us past the 10th Sept admission date... that would be nice...

I also see that on my page in TDW the 'entitlement' listing has both a 'Buy' and a 'Sell' button. I thought that this was an Open Offer and so the rights could not be traded?

TIA

[spec7] 22/8/2009 16:44

Barclays have not sent out any details to me at all !

[maxwellman] 22/8/2009 16:05

Record Date for entitlements under the Open Offer = 5.00 p.m. on Tuesday 18 August

[roundup] 22/8/2009 15:07

According to my Selftrade Corporate Action letter, I have to let them know by 26th August if I want to take up the open offer . Best to check your letter.

[sja123] 22/8/2009 14:49

OK.....bit of a novice on these open offer thingys....so perhaps someone could explain....

The shares are now available in my Selftrade account.....how long do I have to decide on taking up the offer?

Am I able to wait til the 10th and see where the share price is then and then if a profit can be made, buy them and immediately sell them in the market?......or do I have to buy them now and risk the price moving against me by the 10th?

[crawford] 22/8/2009 13:18

esanlfc,
somehow I don't think I'll be allowed to get as far as that :-)

[esanlfc] 22/8/2009 13:09

crawford - wish selftrade when they muck up goes to my advantage but ive been screwed over 3 times by them now

i dont think you can sell the rights as its an open offer mate but if you think the share price will remain above 24p on 10th sep then id take up the open offer and sell them first thing on 10th sep for a nice free profit lol