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RBS share offer
luckylizard
Posts: 56 Forumite
i've got a few RBS shares and have just received details of their Open Offer under which I can buy a pile of new shares for 65.5p.
however, when I last looked the RBS share price was 54p. so why would i buy the Open Offer shares? it would clearly be cheaper to buy them on the open market.
am i missing something?
however, when I last looked the RBS share price was 54p. so why would i buy the Open Offer shares? it would clearly be cheaper to buy them on the open market.
am i missing something?
0
Comments
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No you aren't missing anything. Note that this is an open offer so you can't sell your entitlement as in theory you could have done with the previous rights issue. It's underwritten by the Treasury who will take up the unsold shares.
So if by any chance you did want to increase your investment buy in the market at the best available price.0
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