tuc biscuit
Posts: 6731
Joined: Sep. 27 2003
From: Manchester UK Joined: Jun. 12 1993 Posts: 98675
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Question to any of the stock and share people here. May seem like a bit of a n00b question so apologies if it is.
Royal Bank of Scotland are doing a rights issue, apparently people will be entitled to 11 shares for every 18 they own. The new shares will be issued at roughly 200p per share, with the current price being 350p-ish, so the normal share price will drop after this issue.
The question is; are there any limits placed on selling shares after the rights issue has devalued them? I shorted some RBS shares a little while ago and they have gone down and made me some money, but if what I think will happen happens (the shares going down a fair bit due to the rights issue) it will maybe be a good time to sell them and make a gain.
My reservation is obviously everyone who has shorted them will be keen to sell if a big chunk gets taken off the price.
So in summary, will any restrictions be placed on buying and especially selling the shares after the rights issue?
< Message edited by tuc biscuit -- Apr. 28 2008 10:10:11 >
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