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Halifax shares -to sell or not to sell

I've had a letter today offering £2.388 for each share Ive got from when they merged.

Whats the general opinion on whether they are worth hanging onto?

xxp00

Comments

  • Hmmm I've never had a letter offering to buy mine...
  • p00
    p00 Posts: 824 Forumite
    Combo Breaker First Post First Anniversary Name Dropper
    It seems Ive got
    Regsetered Holding: 185
    Number of provisional rights: 74 - whatever that means
    Amount payable on full acceptance £203.50

    OHHHHH think it means its offering me shares not wanting to buy mine. Think I can buy 74 for £203.50? not sure now

    xxp00
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    Do the right thing, give them to charity, they're not worth much anyway.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    First Anniversary Combo Breaker First Post
    p00 wrote: »
    OHHHHH think it means its offering me shares not wanting to buy mine. Think I can buy 74 for £203.50? not sure now

    xxp00

    Yes it's offering you extra Shares under their Rights issue. Priced at £2.75 each ..... so 74 (your entitlement from those you already hold) = £203.50.
    If you want to test the depth of the water .........don't use both feet !
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