60,000 sold @106.88 Interesting ... 60,000 sold @106.88p at 113 am. Can anybody explain please?
Re: Bonus issue? Essentially these seem to be a kind of Warrant, opportunity to buy at a fixed price at a certain point in the future.I'm not sure what the purpose is here, but as with anything like that there's no free lunch - those who take up the offer in February presumably gain at the expense of those who don't - thus helping the company bring in more funds.My concern for UEM right now is that the drop in Emerging Market Currencies will reduce income in sterling terms and leave the dividends even more uncovered than they are already.UEM have admitted a problem over the currency issue but have seen it as a short term issue. This is debatable. Low EM currencies may be with us for several years to come which will make life difficult for the company. The bonus issue may be related to this problem.
Bonus issue? Any views on this 'bonus' ?