Cadbury/Kraft share question

judygarland

Hopefully someone can help.

My sister purchased 1 share in Cadbury for my 40th birthday. The actual share is worth about a 10th of what she paid. As I eat a lot of Cadburys choc, she thought it an ideal gift.

My share is obviously now a Kraft share and I have received a curious letter today from a company called Georgeson in Bristol, saying that I have unclaimed cash and shares from the takeover and that in order to claim it I need to send my share certifcate to them, I can either claim the cash and sell my share, Claim the cash and keep my share in Kraft Foods or donate it to Sharegift.

Thing is, who on earth are these people? Should I just ignore it? The share was purchased through one of these companies that sells individual shares but not sure who this was.

planteria

never heard of Georgeson but i would guess this is genuine.

Thrugelmir

judygarland wrote: »

Hopefully someone can help.

My sister purchased 1 share in Cadbury for my 40th birthday. The actual share is worth about a 10th of what she paid. As I eat a lot of Cadburys choc, she thought it an ideal gift.

My share is obviously now a Kraft share and I have received a curious letter today from a company called Georgeson in Bristol, saying that I have unclaimed cash and shares from the takeover and that in order to claim it I need to send my share certifcate to them, I can either claim the cash and sell my share, Claim the cash and keep my share in Kraft Foods or donate it to Sharegift.

Thing is, who on earth are these people? Should I just ignore it? The share was purchased through one of these companies that sells individual shares but not sure who this was.

There was a choice of options available to shareholders.

You obviously didn't return your election.

Genuine Company.

http://www.georgeson.com/unclaimed/

judygarland

Thanks for the replies. I've just called this company (who wanted to reunite me with my 1 share). Odd really, as I knew I had the share in Cadbury and I have not moved house. I was obviously aware that Cadbury had been taken over by Kraft but I assumed I still had one share in Kraft.

So apparently, my one share, which is worth £5.00 has been compulsorily purchased and I am being offered £5.00 less fees which means I end up with about 84p.

So, a complete waste of the £50.00 40th birthday present from my sister. Her £50.00 investment became 84p in less than two years.

Thrugelmir

judygarland wrote: »

So, a complete waste of the £50.00 40th birthday present from my sister. Her £50.00 investment became 84p in less than two years.

£50 for one Cadbury share?

judygarland

Thrugelmir wrote: »

£50 for one Cadbury share?

I know, I was a little cross with her for being so gullible. I did get a framed share certificate.

I've had to telephone her and let her know as I dont want her to buy any other share deals for other relatives. Thing is, it was a present, so you feel a bit ungrateful. the £50.00 cash would have been more useful!

le_loup

Oh, come on. The share didn't cost £50, the package did. It was a gift, a fancy, a bit of fun. Surely you didn't expect to get £50+ for it sometime down the road.
Nice present for someone with a sense of fun!

Ifts

The cost of 1 share in Cadbury two years ago would have been approx £5:

http://charting.cadbury.com/cbry/pricesummary/sschart_uk/

DavidHayton

I wouldn't be handing over a framed share certificate for 84p. Keep it! It never had any real value as it would have cost much more than £5 to sell a single share - on a paper certificate - when Cadbury was a listed company.

Perhaps as the years go by it might take on a historical curiosity value.

Best wishes
David