The share price today is €1.23 so that is roughly the price they would get if you sold them.Brokers saying my fathers 1096 shares would sell for 24c each today
I wonder does he mean that you can sell the 10,960 rights for 24 cents each, not the shares.Brokers saying my fathers 1096 shares would sell for 24c each today
That's what I had understood when seeing the valuation mentioned... because of the unusual structure of the rights issue, people are perhaps more confused than normal this time round (as am I!).I wonder does he mean that you can sell the 10,960 rights for 24 cents each, not the shares.
In which case your dad would get about €2,600 cash and still have 1,096 shares worth about €1.23 each.
Redmayne BentleyWhat stockbroker is this with
I paid in sterling to a gb iban no,told today that sterling is not accepted,anyone can give me any advice what to do now.Redmayne Bentley
When I queried this against online share price (Yahoo) was told that price (1.21) was not available from brokers & only the 24c available.
I’m dealing with admin person there - I had them confirm that if rights exercised he’d have 1096 + 10960 of new shares. Initially I was told 10960 only; but I queried this.
The euro rights are not tradeable
I am withHi brendan,i am with link assets in the uk,they informed me today by email that they would be returning my sterling,i have since got a contact with
davy stockbrokers who is dealing with the rights,he said at this late stage he could not help me.
I have spoken to banking 365,he suggested i go to my bank of ireland branch in the morning and see if they could do a transfer there and then.
There was a time when i knew everyone working in my local bank,that day is gone,my local branch will not answer the phone,push 1,2,3,4,5 and so
I phoned ambudsman yesterday ,you must first make a complaint to link/aryzta then wait 40 days for a answer then you can make the complaint to the ambudsman .I am waiting until i meet an inlaw who would be well versed in these things to write my complaint letter but in my book aryzta are some shambles and probably only be thrown good money after bad investing any more in them anyway!!!I think its time for small shareholders to start a class action against link/aryzta,anybody on here that would know how to start.
Link are regulated by the financial regulator according to girl on phone ,aryzta are not so all not lost there yet (probably though)Aryzta is not a financial services provider, so you cannot make a complaint against them to the Financial Services Ombudsman.
Link are the Share Registrars? If so, then I don't think that they are regulated either.
So it's off to the courts with you.