I am quite new to buying and selling shares but am currently quite interested in investing a small amount in HSBC. I saw today that the share price dropped by around 18% after the announcement of profits and that they are trying to raise £12.5bn through a rights issue.
If I was to buy shares today in HSBC, as a current non HSBC shareholder would I be entitled to the rights issue, when would the cut off be for that?
Does anyone think for a person like me who doesn't hold HSBC shares that now may be a good time to buy some? I am only looking for peoples ideas and am not looking for advice, so please be honest and don't worry that I am going to do as you say.
If I were you and had the money I'd put a lot of it in HSBC.
I think in the future they wont go bankrupt and they will definetly go up in value once we get out of this financial crisis. It's definetly a long term investment but I think it might double or maybe triple in the future.
Hsbc
