Lamprell Share Discussion Threads

[poleaxe] 11/6/2014 13:38

Only if the share price increases above 146p in the coming week,if it does not then there is no point in buying the rights.

[cephalosaurus] 11/6/2014 13:35

If your broker can subscribe you to the rights by today, you are eligible to buy them at 88p each between the 18-25june. Selftrade closed yesterday at 4.30pm for shares with rights attached.
Buying of standard market shares today is open market price with no rights attached, as most brokers would have had a deadline yesterday.

[harry the haddock] 11/6/2014 13:24

Sorry for being so thick but is it worth me investing in the rights issue, you've totally lost me with all these calculations!

[durby] 11/6/2014 13:13

Closing date is 25th June.

[kimball808] 11/6/2014 12:58

try this for future rights issues:

Closing price (171p) x 16 shares = 2736p
Rights price (88p) x 5 shares = 440p

TERPS = (2736p + 440p) / (16 + 5 shares) = 151p

have not rec'd notification yet, when is the closing date pls?

[adp] 11/6/2014 11:55

Showing up fully in iweb

LAMN Average cost 47.4104 Latest price 57.50

Just got the corp notification too

[durby] 11/6/2014 10:31

tipjunkie - No!

It is 88p (cost to exercise your rights) + current market price of rights (57.5 or whatever it is) = 145.5

[tipjunkie] 11/6/2014 10:19

so your rights have an effective share price of 172? ( 57.5/5x16)?

[durby] 11/6/2014 10:11

Owenski - You need to add the cash raised via rights to yesterday's close market cap for the calculation. So yes, you got it wrong.

[owenski] 11/6/2014 10:04

seemed a simpler route to get to the price, unless i got that wrong????

[owenski] 11/6/2014 10:03

no, i looked at your end price,

ive merely divided yesterdays m.cap 445m by the total amount of shares that will be in issue, 341m and arrived at 130p

[durby] 11/6/2014 10:00

owenski - did you check my calculation?

[owenski] 11/6/2014 09:58

If yesterdays m.cap was 445m and technically there are now 341m shares in issue, then to achieve the same as yesterdays closing m.cap, the share price would be 130, unless im missing something, if not, then this share price is well up.??????

[durby] 11/6/2014 09:52

Rights are showing on Barclays Stockbrokers at 57.25 (Sell) - 57.50 (Buy). Ticker is LAMN.

Not allocation visible on my account yet.

[skinny] 11/6/2014 09:47

LAMN is @57.75p atm.

[trapperjez] 11/6/2014 09:22

Nothing from Selftrade yet either.

[durby] 11/6/2014 09:22

ADP - People buying at 170p will be getting the rights to buy new shares at 88p (5 for every 16 you hold).

Bulltradept (My calculation):
Yesterday's close market cap = £445.2m
Total shares after rights issue = 260.36m (current) + 81.36m (rights issue) = 341.72m
Cash raised via rights issue = £71.6m

Post rights expected share price = ( £445.2m + £71.6m) / 341.72m = 151p appx (that was today's opening price).

Anybody can see what price the rights are trading?

[tipjunkie] 11/6/2014 08:35

nothing on Hargreaves Landsdown yet

[adp] 11/6/2014 08:25

Didn't understand buyers at 170 ish

[iroll] 11/6/2014 08:14

The Epic for the New NIL Paid shares is LAMN

[davr0s] 11/6/2014 08:01

Just tried to work it out and I got 151p compared to yesterday closing price - which is where it has opened

[davr0s] 11/6/2014 07:31

Anyone had a chance to work out the effective neutral share price today now the shares have gone ex rights ?

[skinny] 11/6/2014 07:29

Depends on your provider/broker - some are quicker than others.