This is probably such small dice in financial terms it's hardly worth bothereing with, but I thought I'd ask people's advice... Thanks to being a saver before they went public, I have a little stash of HBOS shares, which just sit and give me a little dividend each year. Now HBOS are having this additional shares issue, so I've got various options. 1. To buy all the rights (the right to buy the new shares at a fixed price of £2.75 when they are issued) I'm entitled to (87 of them) - cost £239.25 2. To buy a portion of my entitlement - cost - depends how many I buy, at £2.75 each 3. To sell some in order to buy the rest - cost, nothing - and I guess it means having more shares - although of course, each share will be less of a stake, because they've issued more shares. 4. To sell all my rights straight away - possible gain, depends on market price of the rights at the time of selling - currently 12.5p each, so we're not talking big money - about a tenner currently, if I understand it right. 5. Do nothing, and they'll sell off the shares I'm entitled to at the end of the offer and I get any profit above £2.75 per share, less expenses (as long as it's more than an fiver in total - less than that, they send to charity). Yeah, ok, I said it was small fry. I don't want to spend any money (don't have any to spend!) so, it's 3,4 or 5. Anyone reckon which is the best bet? I know the amounts are piddly in most people's terms, but I really have no idea what's likely to be best. It's not like I depend on the share income or anything, so my first though was to do 4 or 5 - I guess it's a gamble on the predicted market value of the shares after the issue date - I have no idea what that's likely to be... But would it be better, if the amounts are tiny, just to have more shares for the long term (although still a reduced total stake of course)?