IHGR started trading on the 30/12/04 as yet there have been no trades...and i wont think that there will be any until after the record date of 06/01/05...as there is no need to...one can buy fpo's ...IHGR stops trading on the 17/01/05...imo people will try and force the fpo's as low as they can until the 6th in order to get the best possible deal for the rights issue...ihg is down today but on lte volume