Vodafone

Chrismaths

Still not sold. Still not shafted. They did you a favour - they said, "we have got no use for these £££, so instead of leaving them in the bank, we will give them back to our shareholders, and give them a tax-efficient choice".

It reminds me of the stories of protest when they changed the calendar, and people rioted demanding the days they had 'lost' back!

derrick

Chrismaths wrote:

Still not sold. Still not shafted. They did you a favour - they said, "we have got no use for these £££, so instead of leaving them in the bank, we will give them back to our shareholders, and give them a tax-efficient choice".

They have NOT done me a favour, if the money is mine I should be able to choose where I leave it, they have just given me back some of my own money whilst the share are at a nearly all time low, I was not given a choice they should have paid a special dividend whilst leaving the share allocation alone.

Chrismaths

That's what they did!!!! A consolidation has no effect on what proportion of the company you own! Does it make a difference to you if you own 100 out of 1000 or 200 shares out of 2000? You are still entitled to 10% of the company.

You really ought not to be investing in shares if you can't grasp this.

derrick

Chrismaths wrote:

That's what they did!!!! A consolidation has no effect on what proportion of the company you own! Does it make a difference to you if you own 100 out of 1000 or 200 shares out of 2000? You are still entitled to 10% of the company.

You really ought not to be investing in shares if you can't grasp this.

And you should not be "advising" if you cannot grasp my point!!!

I have been forced to relinquish 377 shares at a price well below my buying price, I cannot now wait until the shares go back up, if they ever do, re those shares, therfore I have been forced to take a loss on those 377 shares, open your eyes and read the posts!

Paul_Herring

I have been forced to relinquish 377 shares at a price well below my buying price,

You have not lost any share of the company. You still own the same share of the company as you had before the consolodation. (But each granular piece of the company is slightly larger - i.e. your shares. You many hold less grains of the company, but they're bigger.)

Incidentally, do you go through this experience every time your share price falls because you didn't sell it at the higher price?

Chrismaths

/me Shrugs shoulders and wonders at financial illiteracy of the public....

derrick

Paul_Herring wrote:

You have not lost any share of the company. You still own the same share of the company as you had before the consolodation. (But each granular piece of the company is slightly larger - i.e. your shares. You many hold less grains of the company, but they're bigger.)

Incidentally, do you go through this experience every time your share price falls because you didn't sell it at the higher price?

I may own the same share of the company, but as I say in the post above yours, "I have been forced to take a loss on those 377 shares" and will not be able to wait until the share goes back up,if ever, re those 377 as I no longer have them , but that should be MY choice.

No I don't go through this experience etc, although I suppose it crosses a lot of peoples minds.

Murtle

If they had not returned the money as they have the value of each share would more likely have dropped to +/-£1 as the money pot would have stayed the same BUT they would have been divided by a larger number of shares. It would be hard to increase the value of the shares back up to 145p from a drop like that.Vodafone DID give the option to their shareholders, as you said previously your shares are held in a nominee account, therefore I assume they spoke for you? Others had the choice as to what they wanted to do.No one has been shafted. If indeed the share price had risen drastically (chance would be a fine thing) on the day of the sale then everyone would have lost something. As it was, they didn't. If you buy shares at a high price, they will go down as well as up. Yes, it's not often a company chooses to give back money, but it was well advertised that following the sale the revenue would be returned. Unfortuanately their shares haven't been any where near the 140p mark for a while to make it worth while you selling them. M
The money they have refunded should allow you to repurchase the same amount of shares at 120p each.

Chrismaths

That's right. If they hadn't done the share consolidation, he'd hold 3014 shares worth £1.015 each, a total of £3059. They have, so now he has 2637 shares worth £1.16, a total of, you guessed it, £3059! What a rip off.

derrick

Chrismaths wrote:

That's right. If they hadn't done the share consolidation, he'd hold 3014 shares worth £1.015 each, a total of £3059. They have, so now he has 2637 shares worth £1.16, a total of, you guessed it, £3059! What a rip off.

You are still not getting my take on it.
I have 377 shares gone, therefore I CANNOT recoup the value IF they go back up on those 377 shares, I have been forced to sell 377 shares at £1.16, so if the shares I have left, 2637, go back up to £1.45, the 377 cannot as I do not now hold them, therefore my profit on them can never be realised. YES a rip off.