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I don't particularly understand what's happened here - or whyThe Company has recently announced a Rights Issue and the terms are 31 for every 47 Ordinary held at 410p per share.
Under the terms of the offer, as you purchased the shares prior to the ex-rights date you will receive 21 Nil Paid shares. You may then make one of the following elections:
1. Accept the offer, thereby exchanging your Nil Paid shares at a total cost of £86.10 for 21 New Ordinary shares.
2. Sell your Nil Paid shares (through our dealers on the usual telephone dealing line).
3. Take no action - in this case your right to exchange your Nil Paid shares will lapse and the Nil Paid holdings will be removed from your account. Any proceeds which may be payable on these lapsed rights will be credited to your account.
Think I've got it just buying shares in a struggling company at a discounted rate
if you afford it keep them , if someone wants to buy them they see future value and profit in them .
Bit of the subject matter I remember someone trying to buy my endowment mortgage and wondered why ?? so I chatted with a clever financial advisor mate who said turn the mortgage into full payment , keep the endowment going as it still offered death cover he said it will pay out something and it did , not the full mortgage value but 75% of it so a good savings plan in he end .
when did you buy ? ? ?
all airlines and cruises have tanked since covid, they are slowly recovering, but not even close to pre C19 days, Ive got on a few cruise companies and airlines at the very low point, when life / travel returns they must be a decent shout to recover, shame I didn't get Disney shares during the start of lockdown down to $100, now sat at around $190, I looked at them and bottled it
It didn't pay off any of the mortgage we converted and paid that via a 100% mortgage payments as we didn't want to rely in endowment , we kept paying the endowment as it was fixed and low in payment simply used it as a savings/ life insurance plan, It worked out it delivered a decent savings intrest rate in the end , over the 20 years , not a fortune but happy with that .
I bought about £300 in Thomas Cook shares about 5 years ago.
I can remember thinking at the time "they'll never go bust"
The rest is history