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Aveva rights issue


wanejh

Question

Hi,  I need some advice please?

I have a long position spreadbet on Aveva £2 per point.   As of 8am today I have now a new position at £1.55 (7 for 9 shares).  But the market is closed (all day)  and my loss position has nearly doubled?

How do I manage this position?

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16 hours ago, wanejh said:

Hi,  I need some advice please?

I have a long position spreadbet on Aveva £2 per point.   As of 8am today I have now a new position at £1.55 (7 for 9 shares).  But the market is closed (all day)  and my loss position has nearly doubled?

How do I manage this position?

The rights are priced at 1049p.    But the market is closed?  Do I need to phone?

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Well at least your rights have appeared, I've a holding in a share dealing account and still no sign of my nil paid. And I had an extremely interesting chat with the online help where it became apparent that the person had no idea how rights issues worked.

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