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BT shares

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I inherited some BT shares and some MM02 shares recently. Being new to this share dealing lark, I'm having problems finding an up to date price for these. As there is the same amount of both, it seems like they split some time back. Are they both still valid - and are they worth anything?

Comments

  • Bazn
    Bazn Posts: 183 Forumite
    O2 got taken over recently.... dunno what effect that has on ur shares tho. U might be able to sell them - i think the bid was £2 per share
  • Chrismaths
    Chrismaths Posts: 931 Forumite
    Go to yahoo finance and type in "BT.L" to get a quote for BT. Like Bazn says, O2 got taken out by Telefonica, and I think they are paying out currently. Might be worth phoning the registrars to find out what address is listed for the holding, to see where the cheque is sent.
    I'm an Investment Manager. Any comments I make on this board should be not be construed as advice, and are for general information purposes only.
  • As already stated, O2 were taken over by Telefonica earlier this year and the payment to shareholders has already gone out (some have yet to receive their cheques though). You might find that the proceeds from the takeover have been credited to a deposit account held by the person you have inherited from. In that case the O2 shares you have now are now worthless. Either way 02 is not listed on the stock exchange.

    BT on the other hand remains listed on the stock exchange. Visit http://www.btplc.com/Sharesandperformance/index.CFM for the share price and information on the O2 demerger if you are interested.
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