Vodafone

derrick

cheerfulcat wrote:

The same cake is being cut into a smaller number of slices, so each slice will be bigger.

As to dealing charges; you are talking about £12.50 and .05%; it's not exactly a king's ransom. If you felt this strongly about it why didn't you sell when the return of capital was announced?

Read my posts, my shares are in a nominee acc, I did not receive any details and only found out about the con from this forum, therefore I did not have a chance to sell, but again I have previously said, i am hoping for an upward turn in the shares and am prepared to wait, this way 377 shares have been compulsory removed from MY equation.

cheerfulcat

The shares being in a nominee account is no excuse for not knowing about the return of capital; it was in the business pages of all of the papers, for a start. You have no-one to blame here but yourself, I'm afraid.

derrick

cheerfulcat wrote:

The shares being in a nominee account is no excuse for not knowing about the return of capital; it was in the business pages of all of the papers, for a start. You have no-one to blame here but yourself, I'm afraid.

I am not trying to blame anyone, I do not buy newspapers, the shares where purchased as a long term investment, not for Vodafone to tell me when I should sell some of them.

derrick

OK let me try and put my point in words that even you 2 can understand.

I had 3014 share, I had 377 compulsory purchased and returned to me in the form of 3014 15p “B” shares, if I sell the “B” shares and realise the cash then buy back my shares to take my total back to the original 3014,I will be in the same situation as before the con, WHAT WAS THE BLOODY POINT???The only difference is I will be worse off buy having dealing charges,(I am assuming the price had stayed the same for clarity re the above) plus the time and inconvenience in doing so.
However the price has dropped by some 5p per share blowing out of the water some ones previous comment that the share value would rise!!

Taking my first comment in this post, go to the next level, the pension funds etc, who have also had shares compulsorily sold but in much higher volumes, if they do the same as my suggestion and buy back to their original allocation, we again have no difference to the situation before the con!! WHAT WAS THE BLOODY POINT??

The only winners I can see in this con will be the stockbrokers receiving commission for shareholders who decide to purchase back the shares they originally had, they should have left it alone and upped the dividends, that way there would not be all this inconvenience and cost..


I think this debate has run it’s course, you have your opinions that I do not subscribe to and I have mine, I think we will have to agree to disagree.

Paul_Herring

Derrick - you appear to be implying that you weren't offered the choice to "not sell" the shares - this wasn't the choice being offered. Everyone who holds shares had to 'sell' - the choice was merely how to receive the income:

From http://www.google.com/finance?cid=834331&morenews=10&rating=1&newsbefore=2006-06-15

Subject to shareholder approval at an Extraordinary General Meeting to be held on July 25, 2006, the method of distribution will be in the form of a B share arrangement which will give certain shareholders a choice as to when and in what form they receive their proceeds from the Return of Capital.

derrick

Paul_Herring wrote:

Derrick - you appear to be implying that you weren't offered the choice to "not sell" the shares - this wasn't the choice being offered. Everyone who holds shares had to 'sell' - the choice was merely how to receive the income:

From http://www.google.com/finance?cid=834331&morenews=10&rating=1&newsbefore=2006-06-15

No I am not and if you read my posts I have been saying I was never given a choice as the shares where forcibly/compulsorily sold, I know I never had a choice.

Paul_Herring

I had 3014 share, I had 377 compulsory purchased and returned to me in the form of 3014 15p “B” shares, if I sell the “B” shares and realise the cash then buy back my shares to take my total back to the original 3014,I will be in the same situation as before the con,

No you won't. You'll own a bigger share of the comapny if you do that.

WHAT WAS THE BLOODY POINT???

To release capital.

derrick

Paul_Herring wrote:

To release capital.

They could have paid a bigger dividend which would not have resulted in compulsory purchase of shares.

Paul_Herring

They could have paid a bigger dividend which would not have resulted in compulsory purchase of shares.

But they wanted fewer shares on the markets.

Ok, I give up.:wall:

derrick

Paul_Herring wrote:

But they wanted fewer shares on the markets.

Fewer shares, same dividends, more money for the directors!

O K I also give up :wall: