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10/06/21 10:53
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Posts
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Look Ahead to 28/3/23: Australia retail sales; Ocado, Walgreens Boots Alliance, Micron results Earnings take centre stage on Tuesday with results from Micron Technologies, Walgreens Boots Alliance, Ocado, and Bellway. Watch AUD/USD ahead of Australian retail sales data. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 27 March 2023 -
By DominicWalsh · Posted
#EURUSD: Peculiar PatternI spotted a cup & handle pattern on ⚠️EURUSD on 1H time frame.1.0777 - 1.0783 is its neckline.If the price breaks and closes above that, I will expect a bullish movement.Goals will be 1.0843 / 1.0894If the price sets a new low, the pattern will become invalid. -
Joshua, where next with this trade, have you closed your position following the continued slide since 13th March?
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Question
aliali88
extracted from IG help center:
Rights issue example
A company you have a long position on offers a rights issue, allowing you to buy five shares at 20p for every one share you already own. On the ex-date, your position is equivalent to owning ten shares.
We’ll open a new position worth 50 shares, leaving your original position unaffected. If you decide to take up the offer, you’ll get 50 new shares at a level of 20p per share.
I don't understand the part that "you will get 50 shares at 20p"
Does it mean I receive the underlying shares?
How do I sell these shares that i received?
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