Posts Tagged ‘Finance’

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Lloyds Prices Rights Issue at 60% Discount[Money Making]

November 24, 2009

A rights issue is when a company issues new shares and sells them to existing shareholders at a discount to the listed share price.The shares are being sold at a discount of 59.5% to Monday’s closing price in order to raise £13.5bn from the sale thus avoid taking part in the government’s banking insurance scheme – the Asset Protection Scheme.Shares in Lloyds, which is 43%-owned by the government, were up 1% in morning trading.

A total of 36.5 billion new shares will be issued – that amounts to 1.34 new shares for every one already in existence.

The sheer number of new shares has raised fears that the value of each one will be diluted.

Robert Talbot from Royal London Asset Management said the company’s fate is ultimately linked to the performance of the UK economy.

“I think it puts them into a much stronger capital position to be able to withstand whatever lies ahead. The crucial question facing the bank over the next two to three years is what happens to the UK economy,” he said.

Lloyds has 2.8 million shareholders and Britain’s largest number of private investors. Shareholders will meet on Thursday in Birmingham to approve the plan.

It will cost the average shareholder £336.67 to take part in the share sale. They do not have to buy the new shares but if they do not they will see the stock that they already own diluted in value.

The rights issue is part of Lloyds’ wider plans to raise about £22.5bn overall.

It said on Monday that it had secured over £8.8bn from a bond issue.

source BBC
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Pic of the Day

November 5, 2009
Ammunition Sales Reach Record High
A pile of .223 ammunition is seen as it is prepared for shipping at Stone Hart Ammo Manufacturing Company November 4, 2009 in Miami, Florida. Ammunition suppliers nationwide are reporting a surge in demand, with some parts of the country experiencing shortages. (Photo by Joe Raedle/Getty Images)
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Life around Hollywood

October 29, 2009

Google Announces Music Business Partnership With iLike And Lala

Recording artist Mos Def helps Google announce new search capabilities to facilitate online music distribution during an event at the Capitol Records building on October 28 in Hollywood, California.Google is partnering with several companies including MySpace Music, Lala, Pandora and Imeem, all of which have licensing agreements with record companies to download samples and streams of millions of songs online. Among other services, Google is offering free steaming of songs in searches based on portions of the lyrics or musician names. (Photo by David McNew/Getty Images)

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How to Start your Own record Label

October 28, 2009

The 90s remaining the best decade of music ever for me and being tired of hearing the same boring formulaic muck on daily basis when its comes to R&B, I was wondering what if i start a record label? I went straight to google and was amazed by the quantity of information.God bless the internet..here’s the few things you need to know…

People who have a real passion for music set up most small independent record labels. Often they are or have been artists themselves or are fans of a particular music genre or particular artist that they feel doesn’t get enough attention from the music buying public. Invariably being in it for any other reason, like a quick return on a financial investment is likely to end in disappointment. The rewards of owning your own independent record label, certainly in the early years, are more social and emotional than economic. Yet it can be a great way of developing a professional reputation, opening numerous doors into the industry or simply meeting other likeminded people and filling your spare time. And of course every now again one of the thousand or so small indie labels in the UK elevates itself from the pack with a band or a record that everyone wants. There is no reason why that label can’t be yours! The following guide will help you get all the basics right, the rest will be up to you.

Running a label is a full time job (on top of the full-time job you may well have already). Most importantly, it requires tireless determination. You may want to set up your own record label for a couple of reasons:

  • The type of music you like is not readily available
  • You know of an artist who has potential and doesn’t have a record deal
  • You believe in a record and think it’s worth releasing
  • You are a composer / producer with material and want to release your own music
  • You may have been rejected by other labels but still believe your product is saleable
  • Your band have a following and believe you can make some extra cash from a CD release

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