International Consolidat... Share Discussion Threads

[spacedust] 16/9/2020 21:54

Yip. Why people are taking their rights issue price is beyond me.

You will be able to buy well below rights issue price.....just like lloyds and marks n spencers and glencore.

They give you reeuced rights issue price making you feel so special...but joe.bloggs will buy for a serious discounted rate at 60p

[diku] 16/9/2020 21:19

60p galore?...




spacedust16 Sep '20 - 10:16 - 19620 of 19660
0 0 0
Barc 60p
Bt 60
Bp 60p
Iag 60p
Glen 60p

[valuetracker] 16/9/2020 20:33

Value Zone (IAG): 98-110p

[action] 16/9/2020 20:00

.88p+.72= 170p fully paid? Does it the old fully paid is trading at 133p is discounted by 37p ? Kindly correct me if I am wrong. Does it mean it is better to sale NIL paid at .72p and buy fully paid at 133p?

[m1k3y1] 16/9/2020 17:59

LUFTY....the rights take up price is 0.88p according to IAG Registrars and HL.
As you say, they are currently quoted at 0.72

[welsh3] 16/9/2020 17:55

Thank u mate

[lufty] 16/9/2020 17:37

It is 0.84 but they were trading at 0.68 earlier although they are now 0.72 (IAGN is the ticker)

[lufty] 16/9/2020 17:30

It is two rights for every three shares you held

[demo trader] 16/9/2020 17:20

Rights should be in your account. If you have 1000 shares of IAG on 11th, you should have 1000 IAGN in your account.

[lyndon b] 16/9/2020 17:19

Lufty, sorry I am a bit confused with your 19651 post.

I thought the deal for prior holders was:

2 old shares at 194 (last trading day price with rights) + 3 new shares at 0.84 = 640/5 shares = 1.28

If you weren't a holder before ex rights trading on Monday, then you can pick up IAG at 133 + IAGN at 73 (as of tomorrow)?

[m1k3y1] 16/9/2020 16:54

Lufty...the rights price is 0.88p I have had confirmed.

[lufty] 16/9/2020 16:40

Maybe an easier way to think of it as follows I can now buy three shares at 1.33 plus two rights at 0.68 giving me my total of four shares costing a total of 5.35 or 1.33 per share as I will end up with four shares on 25th September. Prior holders have three shares worth 1.33 plus two rights costing 0.84 giving a total of four shares costing a total of 5.67 so you pay 0.32 more hence the shares has actually currently lost 10p a share

[hodhasharon] 16/9/2020 16:29

Where's our novie trader spacedust?

[lufty] 16/9/2020 16:27

Yes because you have to buy at 84p so if they are trading at 67p then you take a loss of 17p per rights issued share. Of course there will be plenty or arbitrage going on between now and the full listing

[lyndon b] 16/9/2020 15:54

I think you have until the 25th to take them up or not.
You can sell them at anytime before then (from tomorrow), current price just under 70p.

[kingyon1] 16/9/2020 15:27

If my rights are issued tomorrow presumably I don’t have to purchase them first but could sell them straight into the market?

[andyadvfn1] 16/9/2020 14:40

I just received corporate notification from Halifax I've accepted for full rights. Rights expected issued tomorrow for trading until 22nd.

[andyadvfn1] 16/9/2020 14:37

You are entitled to 1500 new shares for each 1000 held.

[pdriccio] 16/9/2020 14:29

Thanks Lyndon

[albert3591] 16/9/2020 14:27

Seems all the airlines a getting it today,when will it end.Maybe when one of them go bust,they are not to big for it not to happen.

[montyhedge] 16/9/2020 14:24

Well no sane person will fly until a vaccine.

[albert3591] 16/9/2020 14:21

I still got no confidence in air industry,seems those in the know don’t either.

[lyndon b] 16/9/2020 14:17

I get £1.96 (same as galileo), through:

128.8*5 (total shares) = 644
minus cost of rights = 644 - 252 = 392 (252 comes from 3 x 0.84)
divide by two as one original share gave 2 subscription rights = 392/2 = 196p

...hence, the price hasn't budged at all since they went ex-rights!


Think the point you are making Lufty is that the IAG(N) price is not 0.84, but currently 0.67....but is the point not that if you had shares pre ex-rights, then you have to take up at 0.84?

[pdriccio] 16/9/2020 14:15

Galileo8, guess I've done the calculation wrong then. I took 3 iagn equated to 2 iag so the current price of the rights had to be multiplied by3 and divided by 2 to get your equivalent price.