International Consolidat... Share Discussion Threads

[geardown107] 14/9/2020 10:41

When do we have to pay for the rights issue shares? I'm no expert, but I will have to raise funds to pay for them.

[typo56] 14/9/2020 10:28

Why are the rights (IAGN) trading at about 73p (they were 84p earlier). That seems too high.

Doesn't it cost €0.92 (about 85p) to exercise the rights to fully paid IAG shares (which are currently trading at about 134p)? What am I missing?

For every 2 IAG shares held at close on Friday don't you now own an additional 3 IAGN shares?

At 73p per IAGN that's a value of 109.5p per IAG held at close on Friday. Too much?


Edit 12:14. I am wrong about above. This is not our usual UK rights procedure. So for every IAG held at close on Friday I think you own an additional one IAGN share. You need 1.5 IAGN shares to apply for one new IAG share at €0.92. Hence IAGN is worth 1.5 * (IAG - €0.92). That's my thinking for now anyway!

[sr2day] 14/9/2020 10:06

spacedust says 60i p this winter but i will be happy with 85p as an entry point.

[miti 1000] 14/9/2020 09:01

Amazing reaction on the nil paids....how on earth are they trading so high ? Make no sense to me.

[kasamavic] 14/9/2020 08:58

If you've bought through a broker, check your messages on their website.

[carter633] 14/9/2020 08:52

Depends on broker I think. My holding with HL gives me the option - got to vote on my preferred option for rights the other week and I think this week get the choice to take them up or not.But my holding on another platform hasn't given me any of that - in fact when I asked them if I can have my rights options etc they said they don't support it currently. Bit annoyed as they have half my holding in IAG!

[steveclarkson] 14/9/2020 08:43

How do existing share holders get access to this new issue of discounted shares is their a link to register ?

[galileo8] 14/9/2020 08:33

No it doesn't

[lyndon b] 14/9/2020 08:27

I hope most people know they are buying ex rights, but it does make you wonder.

[lyndon b] 14/9/2020 08:21

It's up 5% (at 1.34), as ex rights price was 1.28

[spacedust] 14/9/2020 08:16

60p is a guarantee this winter

[buywell3] 14/9/2020 08:06

buywell is of the opinion that if things continue in a negative way re Covid-19 cases and another country does a National Lockdown in addition to Israel in the next 2 weeks then IAG might see 116p

imo dyor

[alphabravo321] 14/9/2020 08:05

Bit of a delayed reaction!

[typo56] 14/9/2020 07:23

Remember, you can always sell your rights nil paid (IAGN). You don't have to take them up before selling.

[bili1] 13/9/2020 21:44

Thanks to all for making helpful suggestions.
Perhaps the opening price tomorrow will give a good indication of the way things are going?

[loganair] 13/9/2020 21:10

For every 2 shares held entitles one to 2 subscription rights which entitles one to buy 3 new shares at 92 Euro cents per new share.

Therefore DF is correct in saying the cost of 15,000 new shares is 15,000 x 88p.

One does not pay for the 2 subscription rights but pays for the 3 new shares.

[harkishan] 13/9/2020 20:47

The cost of 15000 new shares is .88 X 10000.For every 2 rights you get 3 shares.

[ducky fuzz] 13/9/2020 19:23

I think the maths is .. if you hold 10,000 shares.

10,000 x 200p = £20,000

Your rights cost 88p (?) x 15,000 entitlement = £13,200

Total cost of 25,000 IAG shares = £33,200

So your average is now 132.8p & you own 25,000 shares ..

If the share price is 140p after the rights then sell 10,000 = £14,000 & you are left
with 15,000 IAG X 140p = shares valued at £21,000

Does that make sense ?

[ducky fuzz] 13/9/2020 19:09

I've got a "voucher" .. :-)

[bili1] 13/9/2020 19:02

Thanks Ducky Fuzz that does make sense...I do hope your holiday works out!