Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It is a trifle disappointing that the $860 million funding by Sirius (SXX) has been completed with the £370 million equity component right at the bottom end of the 20p-30p range. The shares went ex on the 2 for 25 open offer at 8 AM today and given the pricing of the fund raise, and the shares going ex, the stock has slipped to 29p.
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