Comments on: Righting Rights Issues: Further Reflections

By: Lloyds Rights Issue: Price and Subsequent Share Price Predictions « Uncharted Territory

Tue, 24 Nov 2009 18:49:23 +0000

[...] In other words, I expect supply and demand to depress Lloyds shares below the TERP over the fortnight or so before the rights issue closes. How far the shares fall is the proverbial million-dollar question. I doubt very much the shares will drop as far as 33p, but the natural depression of the price during a rights issue makes it very difficult to use this method of raising capital in a crisis, as we saw last year. [...]

By: Lloyds Rights Issue complexity: Um, why don’t we just change the rules? « Uncharted Territory

Tue, 24 Nov 2009 08:45:26 +0000

[...] issues remain dysfunctional as I explored here, here and here around 18 months ago (when HBoS was passing a hat around, ironically enough). All that’s been [...]

By: The Purpose of Profits (Part 1) « Uncharted Territory

The Purpose of Profits (Part 1) « Uncharted Territory — Wed, 26 Nov 2008 18:56:40 +0000

[...] in today’s Guardian is so incoherent that I find myself reluctantly putting down the analysis-free report to the Chancellor by the Rights Issue Review Group. I’ll write about that [...]

By: Countercyclical Conundrums « Uncharted Territory

Countercyclical Conundrums « Uncharted Territory — Fri, 17 Oct 2008 09:18:18 +0000

[...] able to put it to good use in the meantime. But now they should pay it back. Hence my interest getting rights issues to work properly. Possibly related posts: (automatically generated)Nothing To LoseNew credit ball game for banksA [...]