Prudential Share Discussion Threads

[tymedici] 03/3/2010 08:27

..Where will the share price be after the massive rights issue? Seems most folk think it will be a lot lower than this...so down it will go...or am I missing something?

[alanrex] 03/3/2010 08:23

its clear this is going to yo yo. 500p seems to be a pivot point. its hard to see the strength that it will go past it and stay. and i suspect new shorts will open at that level.

all imo dyor

[careful] 03/3/2010 08:22

the shareholdes do not have to take this deal.
the pound could be stronger if the tories win.
pru could be a target now.
so much to play for, many permutations.
got in the game today, just bght a few to start with.
'i will be back' as arnie said.

[smurfy2001] 03/3/2010 08:17

This will get driven down, forget this spike.

Target 450p

[debbiegee] 03/3/2010 08:15

Looks to me like the shorters just waited for the spike and now shorting again ?

[jazza] 03/3/2010 08:13

RI at 140p?

If true (find it hard to believe but who knows), that is obscene.

[witheld] 03/3/2010 08:12

Straight bounce... again.. why?

[smellyjim] 03/3/2010 08:10

STRAIGHT BOUNCE TO 600p? Times says in play at this bombed out price.

[witheld] 03/3/2010 08:08

Why does it have to pull out of AIG deal?

[alanrex] 03/3/2010 08:07

shorters getting burned here?

[noon] 03/3/2010 07:06

Prudential may have to pull out of AIG deal.

should be interesting day for pru today.

[smurfy2001] 02/3/2010 21:30

As l say driven downwards,




Indeed, the talk in the market on Tuesday was that several hedge funds were taking significant short positions in Prudential to put in place a "rights issue
arbitrage" trade ahead of the cash call.

[smurfy2001] 02/3/2010 21:06

So carry on short then?

Those figures are disgusting to any PRU holder!

I reckon after xrights, expect 200p

This will be driven down.

[a0148009] 02/3/2010 18:40

Suggested rights launch price in todays's Telegraph about 4 for 1 at 140p = about 75% discount on Friday's close of 602.5 = x rights price of 232.5p.
On tonight's auction close 487.5p close x rights price 209.5p.

Some good trading opportunities for some time to come.

AO

[smurfy2001] 02/3/2010 18:16

Exactly, sell if you're sane.

Move your cash into Aviva - %7 yeild!!

450p is my target, then i'll cover.

[dmf] 02/3/2010 18:13

Why hold PRU ? - sell & buy back later at a much cheaper price or short the stock

[mac15] 02/3/2010 17:53

I wonder if our pension funds are dumping their Pru holdings in order to buy back much cheaper for their pension holders. More like they are lending them to their hedge fund mates to short and then hand them back worthless. The rights issue process is just a big swindle.

[masurenguy] 02/3/2010 16:23

Alanrex - shades of the ABN AMRO deal spring to mind !

[alanrex] 02/3/2010 16:20

masurenguy - its fully underwriten. apparently AIG et al insisted that the heads of the underwriting banks fully commit to this person which they duly did. So I think the only deal breaker now would be Asian giant entering the fold and making a bigger bid (A chinese company with lots of cash?). Plus I suspect rights not taken up will be taken by SWFs

all imo dyor

[debbiegee] 02/3/2010 16:20

40%B discount of 600 or 486 ?

[masurenguy] 02/3/2010 16:08

With the 20% drop in the share price since the deal was announced yesterday and the falling pound, they could have a very tough time trying to get shareholder approval whatever assurances they have obviously already obtained !

[noon] 02/3/2010 16:04

PRU to pay max $735 mln in rights fees.

The rights issue is expected to complete in June 2010 and be offered at a discount of about 40 percent.

[dr darkstar] 02/3/2010 16:02

Hey BinBag .. surely we should be going down still if you have millions to sell

[paulw2] 02/3/2010 15:59

These are 100 million metabile gumbo beans , of course ! (ref 916)

[taffee] 02/3/2010 15:59

they will be presented with no choice