Prudential Share Discussion Threads

[witheld] 23/4/2010 14:38

420 was mentioned on another forum... again all whispers.

[jon827] 23/4/2010 13:24

I think they will struggle getting the worlds largest rights issue off at 540 if that's the whisper number

[royalt] 23/4/2010 07:53

witheld - It would be nice if the price reflected the circumstances :)

[jon827] 23/4/2010 07:40

also china may not be the second coming every one thinks it is

[grahamite2] 23/4/2010 06:34

Funny, looking at today's RNSs I formed exactly the opposite conclusion. Steering clear.

[garry14] 23/4/2010 06:20

looks like this is a good shorter guys

[grahamite2] 22/4/2010 18:16

Not much point in wishful thinking. You've got to deal with things as they are and that includes accepting that where there is a rights issue, the share price will tend towards the RI price; and that when the RI is absolutely gigantic, there needs to be a substantial discount. All that is before even considering the possibility they might be overpaying.

[witheld] 22/4/2010 17:41

Wouldn't it be nice if both of them got burnt ;)

[royalt] 22/4/2010 14:59

Mason Capital Management has been shorting Pru. Landsdowne have added further to their short position..

[witheld] 22/4/2010 11:29

They are targetting particular large investers in Singapore ...

[royalt] 22/4/2010 11:22

They want to list in Singapore as well...Getting a bit desperate are they not...Do they not think they will be able to raise enough from UK and HK that they need to go for Singapore too?

[royalt] 22/4/2010 09:52

Good stuff Jonn01... This dog should continue to get hammered in the coming days.

[jonno1] 22/4/2010 09:47

got some SW74 yesterday

[jon827] 22/4/2010 09:34

and the rest, you crooked banksters

[royalt] 21/4/2010 15:13

witheld.. The market has become rational again...Details of the rights issue are to be announced soon...You aint seen anything yet.. It should never have gotten back up towards pre-rights annoucement price, considering the companies actions... 500p is the 1st stop. End of next week, i'll see you all there :)

[witheld] 21/4/2010 15:09

Any idea why this has dropped all of a sudden.... seeemed to be holding up well until now despite all the recent news? What's changed this afternoon?

[jon827] 21/4/2010 15:03

Bloody brunch of crooks, all of em :-)

[jon827] 21/4/2010 14:35

Maybe someone just heard a whisper!

[grahamite2] 20/4/2010 08:15

After my great bit of luck - I freely admit it - being short over 'the' weekend, I have left this alone, scarcely even looked at it. But the reason for the crash that Monday still holds. This will be a colossal rights issue and it will need to be discounted. That the price should have got back virtually to the pre-announcement level shows the market's current irrational exuberance.

[l.parker] 20/4/2010 08:05

Lets hope Lansdowne gets kick up the backside. As the trend has been upwards for the past few weeks & all the shouting shorters have come unstuck,long may it be.

[garry14] 07/4/2010 20:05

how many £ per point you shorting this

[hamsterape] 07/4/2010 14:06

topvest - I don't really understamd your point. If they are offering a supposed "discount" it is to existing shareholders. If an existing shareholder takes up the issue at ANY price then the result is that their shareholding remains as the same proportion it was before the issue. Regardless of the price of the issue the company ends up with the required funds to buy the target company. The only thing that may have changed is the amount of dividend as a proportion of cash invested, but with a supposed "discount" this ought to be a plus as long as the same percentage dividend is paid out. The only real issue is whether the total amount being paid for the target makes it earnings-enhancing or not.

[l.parker] 06/4/2010 08:11

Prudential released fiqures for the 4th qtr : Sales up 25%-- sales in asia up 42%.