investmd Posted April 16, 2021 Share Posted April 16, 2021 Can't find anything online to explain the drastic fall Link to comment Share on other sites More sharing options...
RetroRanger Posted April 16, 2021 Share Posted April 16, 2021 They had some weird split thing. Combination of split and new shares from what ive heard . Link to comment Share on other sites More sharing options...
Mikekryan Posted April 17, 2021 Share Posted April 17, 2021 Any update about this situation? This is what I could find Link to comment Share on other sites More sharing options...
gfp Posted April 17, 2021 Share Posted April 17, 2021 I don't know anything about this company but it sounds like it was a rights offering - https://translate.google.com/translate?sl=auto&tl=en&u=https://uzmanpara.milliyet.com.tr/kap-haberi/rysas-reysas-tasimacilik-ve-lojistik-ticaret-a-s--sermaye-artirimi---azaltimi-islemlerine-iliskin-bildirim/1863730/ Link to comment Share on other sites More sharing options...
RetroRanger Posted April 18, 2021 Share Posted April 18, 2021 Yes, new stocks at 1 Lira is soo cheap but i have so little understanding and also there is so much risk with Brokers Like Degiro to handle this correctly... Link to comment Share on other sites More sharing options...
dabuff Posted April 21, 2021 Share Posted April 21, 2021 Which brokers have you all used to invest in the stock? Link to comment Share on other sites More sharing options...
Mikekryan Posted April 23, 2021 Share Posted April 23, 2021 I’ve used DEGIRO. They just sent email to us explaining how to participate in the rights issue. are people generally going to participate or not? Are you bullish or bearish on RYSAS? Link to comment Share on other sites More sharing options...
investmd Posted April 24, 2021 Author Share Posted April 24, 2021 Seems like an option to buy shares during a Capital raise. Does that mean pre-existing shareholders can buy in at 1 lira whereas new investors have to come in at today's price of 3 lira? Company was trading at 8 Lira a few months ago. Link to comment Share on other sites More sharing options...
RetroRanger Posted April 24, 2021 Share Posted April 24, 2021 Good to hear Degiro ist Handling this correct. Read sonewhere the Stopped Trading turkish Stocks due to Lira Vola. @investmdthats how i understand IT! Link to comment Share on other sites More sharing options...
Thelilyinvestor Posted April 24, 2021 Share Posted April 24, 2021 I was going to buy it last week through DEGIRO and they didnt let me, they say that trading in Turkish Stocks is suspended due to the lira volatility. I hope they let clients buy soon, will post if they do. Link to comment Share on other sites More sharing options...
RetroRanger Posted April 24, 2021 Share Posted April 24, 2021 Watch the end. Hes talking again about reysas . He first thought of them as 50 Cent for 1 dollar and sell IT, but now thinks of it as a potential 100 bagger over 20-30 years, as long as the moat stays intact. Link to comment Share on other sites More sharing options...
Mikekryan Posted April 26, 2021 Share Posted April 26, 2021 I am using DEGIRO and they are not allowing any purchases of Rysas currently. They said we can’t purchase because of the rights issue, however we had been notified it was due to currency fluctuations recently. Are any others experiencing this and know when this will be resolved? From DEGIRO Due to recent developments in Turkey, we have temporarily stopped the possibility to buy shares on the Istanbul Stock Exchange. With this measure in place, we will also cancel all open buy orders for the Istanbul Stock Exchange. Link to comment Share on other sites More sharing options...
Thelilyinvestor Posted April 26, 2021 Share Posted April 26, 2021 Hi Mike, I asked them and they cannot answer when trading from DEGIRO in Turkish stocks will resume... so it might be a painful wait for a while... Link to comment Share on other sites More sharing options...
investmd Posted May 15, 2021 Author Share Posted May 15, 2021 @RetroRanger thanks for posting the Pabrai video. Interesting perspective on 100 baggers. Link to comment Share on other sites More sharing options...
Mikekryan Posted May 15, 2021 Share Posted May 15, 2021 @RetroRangerCan you link your video here please? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now