Hardly Bobby, a mammoth opportunity perhaps, but the currency of...

Hardly Bobby, a mammoth opportunity perhaps, but the currency of the SP and how it pertains to the RI is well understood and under regular discussion here.

So, are there any positives with the SP/RI alignment? Let's think...
As I see it;

• Those happy to support our near term endeavours through the RI will not have any ST trading strategy options, effectively providing a SP base...tick
• The shortfall, very likely to have already been underwritten, will be at the same price with just enough placement embellishment to make it worthwhile to the underwriter...tick
• That/those underwriter(s) will have the tools and ability to pump the SP for an exit strategy that'll give them (you) a reasonable time/risk return...tick.

So, relative to the RI, I can't see any negatives with the SP at the moment, particularly for those looking to take a position, or participate.

Away from the RI relativity, there are plenty of reasons to feel disappointed, of course.

"Follow the money" is the oft used phrase at this end of town...Well, there'll be plenty of 'new' money in at 1.8

*NB: that $0.018/£0.01 parity around the rights issue has since been bastardized by the Aussie falling further against the pound. There's a 3% odd arbitrage there at the moment, for those able to play