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Buy and hold for 3 yrs whatever happens, exercise rights was / is my strategy.
This could be a case study explaining how the most successful trading accounts are those of dead people that don’t touch them.
Well I had a small punt and bought in when they were 184p, then watched it fall. Stopped watching until today when I got an alert saying it was up 95% since Monday! Wish I'd gone balls deep now 🙂
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58% down today. Now at 97p😲
Might be a good time to jump in...
It’s because it’s trading ex-rights. From what I can see I will be able to participate and pick up shares at discount as part of their funding to make up for this.
True dat.
So I've been allocated 6646 rights to buy at 32p, which when added to my 1900 odd shares worth 96p each, would seem to be worth about £6.3k
So, I'm fully up.
Maybe.
Shit this is confusing. Who should I sue?
Aha.
It looks like I can sell my rights at around 64p each if I want. When you add 64p plus 32p, you get 96p, which is the price of my actual shares. How cool is that? I think I'm starting to almost understand this.
Would it be nuts to buy at this price without holding any already and so missing out on the rights deal?
You haven't missed the rights deal. See my stealth edit.
Well, ok, you have missed the rights deal, but the share price has fallen in line with the rights deal.
I think that each new RR share I have will cost me (10x32p + 3x230)/13. Ie 10 lots of the discounted issue price plus whatever I paid for each of the three shares that I had ( it's a 10 for 3 rights issue).
Which works out at 77.7p.
So yes, you'll be paying a premium of 19p per share on top of that if you get in now.
But given that the rights issue was at a 40% discount (IIRC) then the target price per share would be (10x53p + 3×230)/13.
Which is 94p. Which is almost exactly what they are trading at.
Or at least it was. It's now droped to 90p, which is rather splendid as I sold a chunk of mine at 96.5 at midday.
I have 424 shares bought through Trading212. How do I go about exercising my rights to purchase my entitlement? I've had nothing from them and the app doesn't tell me anything either. I'm slightly worried that I might miss the deadline, whenever that is.
Can you see the rights on your dashboard?
I have them listed on there just above the actual shares.
AIUI I can buy or sell those rights as I want using the normal buttons up until 6 November.
At some point today Ajbell will send me a secure message officially informing me of my rights and asking me how many of them I want to exercise.
Going to exercise them all I think.
Then on 12 November the shares are actually transferred to me.
The key, very very important thing is NOT to let your rights lapse. Either trade them now for around 60p or exercise them. If you do nothing then you will wake up on 7 November to find you are too late to exercise them and the resale value has fallen to zero. ( Which is of course just what you said creakingdoor)
Note that the6 & 12 Nov dates are given by Ajbell. Your lot might have different dates.
Yes, there's a little box just appeared stating that they are trading ex-rights and notification will be sent out shortly.
As this is the first RI I've been involved with I don't want to screw it up and miss and deadlines.
EDit.
I think I'm now waiting for an SRN and entitlement number to log in and state my wishes.
Also finding this a bit confusing...
I bought £900 worth of shares last week with HL
Today those shares are now worth £340 but also I seem to have been given £700 of new shares, is that right?
Plus I got an email saying (I think) I was allowed to buy new shares at 32p
I need to look more into it, but seems like a no-brainer. Anyone else?
Today those shares are now worth £340 but also I seem to have been given £700 of new shares, is that right?
No, the new chunk are not new shares, they are rights to buy new shares. Do not do nothing with then or they will miraculously drop to zero value around 6/7 November.
Plus I got an email saying (I think) I was allowed to buy new shares at 32p
Yep, that's the chunk in the paragraph above.
This is all IMHO of course. Happy that be put right by someone who knows better.
( Based on a ten minute phone call with ajbell this morning who were.most helpful)
And indeed the fact that I completely screwed up the British Airways rights issue a few weeks ago when my rights expired when I missed the deadline. Luckily I only actually owned 1 share at the time, so it was a cheap lesson.
Ok, it appears I'm talking partial bollocks:
( Which anyone who has read the thread knows all too well😜😄😁)
The fourth option is to do nothing. In this situation, shareholders’ rights are expected to be sold in the market at the best available price by Rolls-Royce and the proceeds returned to shareholders via their investment platform provider minus any charges.
Taken from:
Tempted to buy in now!
72p!!
Buy a few shares in Givaudan Switzerland. Steady strong growth.
Givaudan looks like it’s peaked and is dropping over the past month? Maybe worth waiting until it reaches the bottom of its fall?
The good thing about random tips such as above is the one thing it tells you is that's one thing not to invest in.
68p.. are Rolls Royce on the tarmac yet?
Edit.. 66p
The deadline for the rights issue for anyone stuck in this mess is the 4th November.
I work in the Barnoldswick plant which they are essentially trying to shut and have shares as an employee.
It is a bit galling to be shelling out for new shares whilst at the same time being at risk of redundancy, but hey ho.
is a bit galling to be shelling out for new shares whilst at the same time being at risk of redundancy, but hey ho.
Fair point. I really hope it works out for you.
Thanks pal. We're due to go on strike this Friday barring some sort of miracle, which seems like such an archaic thing to do in 2020. Fingers crossed for that miracle!
The degree of skill and knowledge locked in the Rolls Royce workforce cannot be permitted to be lost. I'm in awe every time I'm at work when the Trent 1000s burst into life within 30 seconds of throwing the engine master switches, and then run faultlessly in sometimes appalling conditions until the wheels crunch into the runway 15 hours later.
If I had to choose between the airline I work for and Rolls Royce to get a government bailout to survive, I'd pick Rolls Royce in a heartbeat.
The degree of skill and knowledge locked in the Rolls Royce workforce cannot be permitted to be lost
This. Every time, this.
It's good to know there is support out there. We do have a petition going, would it be ok to post it on here? It's ok if not, I don't want to be spamming the board.
Post it up man!
Thanks chaps.
Link for the petition is here
There is also a video that our union have created which might interest you, although I warn you it's a bit of a tear jerker! Plenty of information on what we make, the history of the site and how it will affect the town if the site closes. Save our site video
I've just realised my break even price is about £2.70. There's the long game... 😂
this is flooping stupid, the level of advanced materials, engineering and manufacturing skills involved in being able to make an modern fan blade is increadible, and worth so much more to the economy (and future economy) than just the current savings from shifting the jobs out
utter joke.
Utterly shocking useless piece of shite.
DO NOT EVER USE AJBELL TO TRADE WITH
Markets have just gone insane and my piece of shit ISA won't let me trade.
****in hell
Did anyone else get good trades in?
That was insane. RR up by 50% in the space of an hour.
I think all my SIPPs / ISAs take 1-2 days to execute any buy/sell, so no chance of tracking fast changes!
Not that I deal more than about 1 or 2 times a year....
all on the back of the Pfizer announcement I guess?
Easyjet up 30% too.
My portfolio just about breaks even now, go me.
all on the back of the Pfizer announcement I guess?
Biden + Republican Senate = no major legislation, so good for business.
Holy smokes.
RR currently up 92.21% on the day.
Mad
Alas I'm not, as I sold my last chunk this morning, and my options don't arrive till Thursday, by which time I'm sure they will be way down.
After following this post got some RR shares.
Also used some funds on some other airlines, BP and safe BT.
Have cashed in half of shares when topped out and will look to invest again if price drops.
Never done this before but seems quite addictive.
Any other tips?
Looking at long term investments in anything to do with travel and planes.
Apparently RR are close to do doing a deal on building nuclear power stations.
Never done this before but seems quite addictive.
Understatement of the century. I'm completely hooked on it. I get utterly inundated with all sorts of vile adverts for betting shops and online casinos and other stuff I would rather boil my bollocks than use. But clearly Google is monitoring my trading activity and deduced that I'm a gambling addict....
Looking at long term investments in anything to do with travel and planes.
I got heavily into Jet2, BA, RR, BP etc simply because they were the ones that tanked most in April.
Apparently RR are close to do doing a deal on building nuclear power stations.
Yep, thought that I as interesting. I wonder if it is stactor in the recent price rise? I don't think it is, but be good to see.
OK. I'm going out on a limb here and saying RR will drop by 30% by Friday...
Let's see.
One of my mates was in process of moving his share stash over to AJ Bell, they were utterly rubbish and he's in throes of moving it all back again (to Charles Stanley I think) - so not the only one @thegeneralist.
.. I was with ATS and have been migrated over to ii..
I wonder if it is stactor in the recent price rise? I don’t think it is, but be good to see.
Unlikely, the vaccine announcement meant people expect reality to return earlier than expected, so anyone who has tanked due to CV-19 should have got a lift out of it. Oddly, tech stocks dipped, I guess as people expect a return to offices sooner, so less need for Zoom, Teams, Skype etc etc.
Wall Street have been preparing for Biden; see stance taken by Blackrock and others on green/environmental issues which aligns with re-signing to the Paris accord.
As for recent price movements of US tech stocks - some or any of...profit taking, increased scrutiny by and pressure from Congress, possible transition away from WFH back to office if vaccine is fully tested and approved.
I would expect US shares to, generally, continue on an upward trend - Biden will find a way to better work with China on tariffs/trade; once his team settle in there will be 2 years to the midterms so some certainty; tech dominance will continue despite Congress.
UK shares, on the other hand...brexit transition, tariffs, paucity of trade agreements, gov unwilling to think 'outside the box' re borrowing/money creation/investment so austerity V2, hesitant and low grade leadership, limited tech sector, shrunken manufacturing sector, unattractive prospect for skilled migrants, long on talk but short on action.
Friday might be a good day to buy in, if you want a good long term investment.