International Consolidat... Share Discussion Threads

[bili1] 17/9/2020 19:44

Hello space,
I tend to agree,however as a long term shareholder heavily under water I really don't see I have any alternative but to take up the offer?
Obviously I should have sold last week but we are where we are.
Can you really make a sound financial case for doing nothing at this juncture?
Perhaps a little misguided but I am hoping to sell after the dust has settled.Does that make any sense?
Any comments welcome!

[action] 17/9/2020 18:27

Why 3 shares and not 2?

[lordludd] 17/9/2020 17:33

Lyndon B - thank you, that makes sense!

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

lordludd..

Rough numbers, I think if someone buys your rights, they need to buy:

2 IAGN (2*68)= 136
plus
3 * 85p shares = 255

= 391p for 3 new shares = 130p each.

[m1k3y1] 17/9/2020 15:57

Chris...probably best to ask Barclays but if they are offering the rights at 0.97p when they are available at circa 0.67 it seems to make little sense.

HL are saying to work on 0.88p per right if you want to take up the rights as a shareholder

[chrisxen1] 17/9/2020 15:57

Reading the posts - are we saying then you have to buy the rights at .97 ( for conversion ) and then share at .67 - is 97+67 = 164 apologies but I just don't understand now - come on you veterans ! I can't get through to Barclays for them to explain either

[chrisxen1] 17/9/2020 15:26

Apologies for a perhaps a naive and novice question on the rights issue - I trade via Barclays they are offering the take up at .97p per share - but the rights shares are trading at around 67p - can anyone explain please what happens if I take up at 97p - will me shares automatically trade at 67 or moment whatever it is come next week ? Thank you

[m1k3y1] 17/9/2020 14:38

So it transpires that there IS a currency conversion charge to take up your rights.
Brokers in the UK pay for the rights in euro cents 0.92 and have to convert your sterling payment for the rights into euros.
This is the case for ALL UK brokers apparently.

The IAG registrars have set the 'suggested' rights price at 0.88p which should cover the conversion rate and any currency conversion fees.
The remaining difference, after paying for the rights, will be paid back to customers.

This is , of course, if you want to take up the rights.

Apparently, the same currency conversion fee will apply, if you want to sell the rights.

[lordludd] 17/9/2020 14:16

Hi all, I’m new to this thread.
My trading account shows my IAG Rights as IAGN with a current price of 68p. Some questions for you veterans:

1) If I sell my Rights I’ll get No.of shares held x 68p. But what price does a buyer of my Rights pay for an IAG share; it surely can’t be 68p as it doesn’t make sense to pay 68p for a Right and to then pay 84p for a share (68+84=152p)as this is higher than the current open market share price of 129p?

2) How does a non-IAG shareholding, retail investor buy up the Rights?

Thanks!

[spacedust] 17/9/2020 12:13

Bp could well also fall to 60p this winter but doubt it. 9nce again if it does ill be buy8ng at 60p to sell at 600p

[galileo8] 17/9/2020 12:07

Most retail investors will sell their rights today, I expect them to bounce tomorrow

[demo trader] 17/9/2020 11:43

Sold my rights at 69.86p and shares (works out for just over 200p), bought them at 171p.

in BP.......Another poo but lets see what happens

[spacedust] 17/9/2020 11:16

No i sold at 472 back in October only to see the share price go to 650p later.

Will buy back in at 60p in winter and sell at 600p in summer 2022

[buywell3] 17/9/2020 09:41

Did you sell then ? April 1st was it ?

[spacedust] 17/9/2020 09:41

In February

[spacedust] 17/9/2020 09:40

This was 600p in April

[spacedust] 17/9/2020 09:40

Another 70p to fall

[qantas] 17/9/2020 09:36

Robot do you want to buy a airline for your trips to outer space?

My target buy IAG is around 50 pence.



Please do your own research as always.

[galileo8] 17/9/2020 09:04

You are a novice and it shows golden

[galileo8] 17/9/2020 09:03

Well taking the rights into account it's still at 199 so that's 129 to fall.

[spacedust] 17/9/2020 08:57

Haha youve been saying that since 210p. We are heading to 60p. 129p now and dropping and its no way near winter yet

[hodhasharon] 16/9/2020 22:21

“lloyds and marks n spencers and glencore”

All dogs, with or without Covid. IAG is very different.

Learn the game spacedust or you’ll end up losing your bedsit.

[thaiger] 16/9/2020 22:19

It's 3 new Rights shares for 2 original shares....not the other way round!

[lufty] 16/9/2020 22:00

Hi Lyndon

Not quite as I understand it you get one right for every share you hold.

For every two rights you hold you get three new shares providing you pay for the rights at cost of 84p per right.


Lufty