What to do if you have MFI shares?

dellboy102

Hi Guys

I've just found out today my dad has shares in MFI from when he used to work there?!, was just wondering if theres anything I can do?, as a first step I am going to try and contact the administrators, to make it more complicated these are paper shares and he cant find them at the moment.. hopefully they have a record but I dont know much about these things.

cos69

A lot of employee share schemes are run by 3rd parties so your dad might not have had the share certificates. See if you can find the dividend payment slips or any yearly valuation statements from such a body.

I suspect the shares may not be worth much, if anything, even if someone were to buy the company from the administrators.

opinions4u

Shareholders are last in the queue.

If a buyer isn't found you will get little or nothing for the shares.

If a buyer is found you will most likely get little.

Simple.

Thomas99

dellboy102 wrote: »

Hi Guys

I've just found out today my dad has shares in MFI from when he used to work there?!, was just wondering if theres anything I can do?, as a first step I am going to try and contact the administrators, to make it more complicated these are paper shares and he cant find them at the moment.. hopefully they have a record but I dont know much about these things.

I think the MFI listing was changed to Galiform, then MFI de-merged and sold to managers. The Galiform share price is around 15p, so the shares are still worth something.

fatpig_2

dellboy102 wrote: »

Hi Guys

I've just found out today my dad has shares in MFI from when he used to work there?!, was just wondering if theres anything I can do?, as a first step I am going to try and contact the administrators, to make it more complicated these are paper shares .

You may as well use the share certiifcate as bog roll

Brian_Bullocks

Thomas99 wrote: »

I think the MFI listing was changed to Galiform, then MFI de-merged and sold to managers. The Galiform share price is around 15p, so the shares are still worth something.

Yes, the kitchen unit manufacturing arm (Galiform) was demerged from the retail arm (MFI). Galiform still act as guarantors for the MFI leases, but this has been priced into the Galiform share price.....

Blah99

fatpig wrote: »

You may as well use the share certiifcate as bog roll

Woah woah woah. That's dangerous talk. I think Thomas99 is right - MFI was bought by Galliform so they could get hold of the commercial properties, then demerged and had the properties rented back. So there is a possibility that the MFI shares are actually Galliform shares, which are definitely worth something.