Lloyds rights issue, would you take up the take up the shares offered or give them a miss?

Anyone else in the same boat, what are you intending to do?

Cheers

Or sell yuor rights to some one else as option 3.

I'd do 1 or 3, ignoring it completely doesn't sound the best plan.

i thought they sold your rights anyway if you didnt reply with any preferred option.

If you don't sell your rights somehow, or buy the share then you will loose money. Your current shares will be worth less after the rights issue.

I am not clued up on how to sell your rights though.

The other option is to use option 4, the cashless take up, which is what I have done. I don't want/can't afford to buy any more shares in them(!) but I also don't expect much back buy selling them either as I seem to remember you only get a few pence per share right.

For information, if you want to do option 3 or 4 you have to have the paperwork back by 11am on the 4 December, whereas options 1 and 2 it is 11 December.

What's the discount?

How does a cashless take up work?

Ok I get it now

I haven't got an option 4 on my paperwork 😮 Just:

1. Take up offer
2. Decline offer
3. Sell options on

I've taken my options up and sent them some cash, will pop the shares in the bottom draw and see what happens, might be good might be bad, they won't pay a divi till 2012 so the only upside is share growth in the near term but long term hold for me.