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PTSB shares to be offered on the market

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Comments

  • #32
    Wheelnut
    Registered Users, Registered Users 2 Posts: 977 ✭✭✭Wheelnut


    Sonnenblumen wrote: »
    ... where on earth is the investment case?

    It's probably about the same as buying a few tickets for a single shot at the lottery.

    Is my understanding of that recent document correct?


  • #33
    lucky john
    Registered Users, Registered Users 2 Posts: 838 ✭✭✭lucky john


    Wheelnut wrote: »
    I got something in the post this morning and the language is almost incomprehensible to me as a layman.

    Firstly it seems the 800 shares I had before the bust have been replaced by 8 new shares at €4-50 each. That's the bit that's easy to understand but can anyone tell me if my interpretation of the next bit is correct:
    They are going to issue new shares to the market at €4-50 each. This would dilute my eight shares so they are offering me a chance to avoid dilution by buying another eight shares at €4-50 each. Am I right?

    Given what has been posted on this thread already, I presume this would be regarded as a bad investment. However, since it would only cost me €36 to double my holding maybe I should buy in the hope they come good for my grandchildren.


    just now you can buy pstb shares on the market for €4.51 (so you save on fees only). they are hardly offering you a bargain. the government still have maybe 75% of this bank to sell off. if you wait a while more you should be able to buy below €4. Also, the cost to your grand-kids to sell 16 shares is likely to eat up the shares.

    i took up a boi offer of shares at 50c. not long after they were offering them in at new rights issue at 10c.

    Wheelnut, it only 36 euro so hardly going to make or break you. the above might be too serious an answer in your case.


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