Rpc Share Discussion Threads

[typo56] 12/2/2017 11:30

Phillis, don't you think it's time to stop digging and apologise?

If you really still can't come to terms with it, consider this. What does "ex-rights date" mean?

[phillis] 12/2/2017 10:16

Read the prospectus
Buyers after the record date "May" be eligible for the rights not "Will"
Caveat emptor
Good luck

[cheshire pete] 12/2/2017 09:12

Nice one Dozey3. As one of the big players in rigid plastics, RPC are better placed to adapt quickly to any changes in consumer behavior or legislation.

[jeffian] 11/2/2017 22:51

"has hardly made a ripple in the plastics ocean"

An unfortunate turn of phrase if you read the article!

[dozey3] 11/2/2017 21:28

Correction: the company in question is Symphony Environmental Technologies.
My apologies.

[dozey3] 11/2/2017 21:25

If RPC looked down the back of the sofa in the execs lounge there's probably enough loose change to buy SYM (Symphony Technology). This is an AIM minnow with ip for an additive to plastics making them biodegradable. Additive concentration governs the period before degradation occurs.
So far aiui SYM has hardly made a ripple in the plastics ocean, but in the hands of RPC....?
Opportunity indeed.
You read it here first.
(Disclosure: long RPC, no interest SYM at this time)

[cheshire pete] 11/2/2017 21:07

Threat or opportunity?

[jeffian] 11/2/2017 11:30

I very much identified with Dozey3 (#1037), having gone through exactly the same process myself and decided (a bit late in the day!) to focus on winners and keep adding resulting in a very substantial holding in RPC from both additions and taking up all the Rights over the past few years. I shall be doing so again with this one (though suffering the frustration that those held in fully-subscribed ISA cannot be bought with fresh cash other than by sales elsewhere).

Whilst I see many years of growth to come (the industry is still very fragmented) and do not worry about cost pressures for the reasons I stated above, the one threat I do see in the longer term is this one -

[typo56] 10/2/2017 21:11

"no idea what plant Phillis is on..."

I'm not sure if that's a typo or not. A good one either way!

[steptoe57] 10/2/2017 21:03

Received my nil paid rights today on the shares I purchased yesterday in my HL account , no idea what plant Phillis is on. He owes Typo and others a apology, but don't hold your breath.

[jeffian] 10/2/2017 18:15

RPC is able to claw back polymer price increases from its customers (and also adjust downwards if they fall). There is a slight time lag, so falling polymer prices are temporarily beneficial and rises temporarily increase costs, but over the long term it is not an issue.

[alphabeta4] 10/2/2017 17:57

Typo, FWIW I can confirm I had RPC as a spread bet and got the nil paid rights this morning and the same letter you got for your CFD position.
I sold at around £9.36, I left it til today hoping for a small bounce as I was waiting for the PI confusion over the rights to clear. IMO there's been a few too many of these acquisitions of late leading to some execution risk. I was on the conference call and the CEO showed no appetite to slow down even on a temporary basis which concerns me, at least in the short run. There was also a mention of increased polymer prices of late.
Good luck to remaining holders, I haven't gone as far as going short!

[typo56] 10/2/2017 14:04

Phillis: "That person apparently is not going to get any nil paid despite probably being on the register at the Record Date. Why?"

Answer: Because if they sold prior to the ex-date they are not entitled to them. Instead, they must forward any provisional allotments they receive to the rightful owner. Go read page 4 of the prospectus.

"If you sell or transfer or have sold or otherwise transferred all your ordinary shares of 5 pence each in the capital of the Company (“Ordinary Shares”) (other than ex-rights) held in certificated form before 8.00 a.m. on 10 February 2017 (the “Ex-Rights Date”), please forward this Prospectus together with any renounceable provisional allotment letter (“Provisional Allotment Letter”) that you may receive, duly renounced, as soon as possible to the purchaser or transferee...."

[typo56] 10/2/2017 13:47

It's as simple as you say CelliBomb.

Unfortunately, as with dividends, novices can get confused between ex-dates and record dates. I don't know why statements sometimes only give record dates, as if that matters to us. I suspect the wording dates back to the days long before online trading, when these things were handled for us by brokers and there were fewer short term traders trying to scalp morsels.

[cellibomb] 10/2/2017 13:33

I am pretty new to all this so I can't say I am an expert when it comes to rights issues (although I have held RPC shares long enough to be part of the last rights issue).

Is it not as simple as the dividend process? You buy shares ex-dividend and are not entitled to them but the seller is. Therefore you buy shares ex-rights and you are not entitled to the nil paid rights?

If that is the case anyone buying shares yesterday will be entitled to the nil paid rights as the shares went ex-rights today... is it not that simple?

[egrid1] 10/2/2017 13:29

I feel that Phillis is just trolling now.

They must know that they went Ex Rights this morning - the ex rights date / time is stated in the prospectus (the relevant part of which I posted yesterday afternoon). The ex rights point is given as 8.00am Friday 10th Feb, ie today.

There can be no more relevant answer to the question than the facts given in the prospectus.

[egrid1] 10/2/2017 13:28

I feel that Phillis is just trolling now.

They must know that they went Ex Rights this morning - the ex rights date / time is stated in the prospectus (the relevant part of which I posted yesterday afternoon). The ex rights point is given as 8.00am Friday 10th Feb, ie today.

There can be no more relevant answer to the question than the facts given in the prospectus.

[pdriccio] 10/2/2017 13:11

Hope this helps,

Bought 5000 yesterday morning through HBOS sharedealing and my account was credited with 1250 RPCN this morning.

[phillis] 10/2/2017 13:05

TT
Not a game
Serious investing for over 35 years
Address the issue
How does a purchaser yesterday get on the share register in order to receive this so called miraculous award of nil paid rights

Somewhere in the system a seller's share sale has been matched/netted with your so called purchase
That person apparently is not going to get any nil paid despite probably being on the register at the Record Date. Why?
Because you have got them....!!!



Whoops!!

[typo56] 10/2/2017 12:18

Phillis, even if you cannot admit here that you are wrong I hope you can to yourself. If you genuinely still believe you are correct then you lack the ability to learn from your mistakes and are doomed to lose money at this game.

What's your explanation for the fall today?

At least some of understand what's going on. Note last night saying RPCN would trade at about 266p with TERP of 931p.

[typo56] 10/2/2017 11:52

And FWIW, I'm still long RPCN but short RPC (from 951p at opening auction).

BTW, the bit about running to expiry with no profit is misleading. You still receive proceeds from the rump.

[typo56] 10/2/2017 11:49

Phillis. You were wrong and you're still wrong. For the sake of your dignity stop digging. If you were a gentleman you'd have long since apologised.

As you have chosen not to believe me, perhaps someone else with an IG CFD account will confirm the RPCN shares were credited before open today and we received email instructions from IG before 9am, which read as follows:

Dear xxxx xxxxx

RPC Group PLC has offered its shareholders the right to subscribe to new shares in the company, at the rate of 1 new share(s) for every 4 share(s) held. These rights are expected to trade from 10/02/2017 to 24/02/2017, at a subscription price of GBp 665.

The terms of this rights issue are:

- Ex-date: 10/02/2017
- Ratio: 1 for 4
- Subscription price: GBp 665
- Trading period: 10/02/2017 to 24/02/2017
- IG deadline: We will let you know shortly. Please ignore the expiry date on the contract of the position booked on to your account, as this is for administrative purposes only

What this means for your open positions

For standard positions and positions with non-guaranteed stops, you have a number of options.

If you have a long position, you can:

- Do nothing. The rights will then lapse with no profit
- Take up the rights. Please reply to this email or call the corporate actions team on the below number to confirm before the deadline
- Trade out of the rights by calling our dealing line during trading hours



If you have a short position, you can:

- Buy back the rights to close out the short position. Please call our dealers during trading hours to complete this request
- Run to expiry and risk the rights being taken up against you

You'll need to make your decision by the IG deadline above. If we don't hear from you before the deadline, we will lapse your entitlement as the default course of action.

Positions with guaranteed stops will be closed based on the price at the close of business on the day before the ex-date. A new position will be opened at an adjusted level and size to reflect the above terms, to take up the offer automatically. The monetary risk of the trade will remain the same.

All unattached orders will be removed.

The information in this email is preliminary and could change. If you need help or have any questions, please contact us using the details below.



Kind regards

IG

T 020 7896 0079
T 0800 409 6789
E [e-mail]

[phillis] 10/2/2017 11:26

Facts?
Porkies more like
Anyone buying shares yesterday cannot be on the Company share register as of midnight last night, therefore impossible to get nil paid rights

Consider this anyone who did buy yesterday would be buying from a seller who owned those rights - they cant both have them

Fantasists abound on these BBs