How can I 'tail swallow' Lloyds shares? | This is Money
I cannot afford the £14,500 required to buy all the Lloyds Bank shares I someone been offered to prevent diluting my stake. I want to 'tail swallow' new apportionment but do not have a stockbroker. Simon satellite from This is Money replies: Investors use the time period 'tail swallow' as a form of shorthand to explain the knowledge of selling section of an existent shareholding to finance the acquisition of new shares offered as concern of a rights issue. Lloyds finance class is attempting to increment £13.5bn via the world's largest rights issue and shareholders are being offered the chance to buy 134 new shares at a discount for every 100 they presently hold.
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