Rangers shareholders are working on plans for a new £10million rights issue before th

[simplythebest 0]

at a rough estimate half each. but there is no way to know for certain.

 

wait for the open issue mate and put the lot into rangers.

I'd prefer that but how likely is an open issue in the foreseeable?

Edited March 25, 2015 by simplythebest

[the gunslinger 3,366]

Absolutely guaranteed imho. But I am an idiot .

 

Rights issue to get the good guys to 75 percent then king underwritten open share issue. May not be for a while in fairness. 2 years if we don't go up.

[Dragonfly Trumpeter 50]

Yes, if it's a rights issue.

 

But it seems to me that between £10m and £14m (implying a price between 25p and 35p) and isn't nearly enough for the next two seasons.

 

They may need a new open share issue as well.

 

Interesting that

 

 

when I believe King said he had one lined up?

 

Did King say he was now trying to get one willing to approve him or who said it? I missed the quote.

[BrahimHemdani 1]

I'm planning to buy shares and I'd like to contribute to a rights issue since the money goes to the club but I know i'd have to be an existing shareholder first. How much in shares would I roughly need to get to end up with about £500 worth after a rights issue? Or is it really not possible to predict it as accurately as that?

 

The shares are currently suspended but assuming we get a new nomad and they are traded again then almost certainly it would be cheaper to buy some in the open market and then take up your rights at a likely lower price in the offer. The answer to your question depends on the prices and how the rights are offered, as BD pulled me up for recently it is not necessarily 1 for 1.

 

Perhaps if you bought around 1000 say for £350 if the price is as last traded and it was a 1 for 2 offer then you might get another 500 for say £125-£150.

 

But at £500 total the differences are marginal.

[trublusince1982 243]

How on earth did you draw that conclusion from the above ?

the quote from murray saying king is not putting in money until he gets passed added to things i have heard from some staff on fallouts with king. seemingly will not help cover running costs.

[trublusince1982 243]

you don't half talk some shite

time will prove me right.

[simplythebest 0]

The shares are currently suspended but assuming we get a new nomad and they are traded again then almost certainly it would be cheaper to buy some in the open market and then take up your rights at a likely lower price in the offer. The answer to your question depends on the prices and how the rights are offered, as BD pulled me up for recently it is not necessarily 1 for 1.

 

Perhaps if you bought around 1000 say for £350 if the price is as last traded and it was a 1 for 2 offer then you might get another 500 for say £125-£150.

 

But at £500 total the differences are marginal.

Cheers for the advice

[the gunslinger 3,366]

time will prove me right.

 

There's a first for everything

[BrahimHemdani 1]

Cheers for the advice

 

Just to be clear since I am no longer authorised that was not ADVICE to buy Rangers shares it was just an explanatory comment!

Edited March 25, 2015 by BrahimHemdani

[trublusince1982 243]

There's a first for everything

why dont you ask the people at the club you know?

pretty sure you have mentioned knowing some people at Ibrox before. Thats if you already havnt been told. we both know you are not man enough to pass on what doesnt suit your previous mumblings. You and bill two peas in a pod.