asda(walmart) share save scheme

haggis_muncher

Hi all help and advice appreciated.

As title says, wife has been offered membership of the asda share save scheme, works like this:

Asda(walmart) share price average taken over 3 days,
converted into pounds,
discounted by 20%

So she can save upto £250 per month for 3 years and buy the discounted shares at the end of the scheme, now i cant get my head around the currency aspect of this otherwise i would ask her to go for it.

Sorry for the long post

davidcampbell

my understanding is that all these share save schemes work under virtually similar rules

she should be able to save up to £250/month and buy the shares at the end of the 3 years at he discounted price. if the price in 3 years is lower than the discount she can simply get back her savings (with interest).

someone more expert should be able to confirm but i think thats how it works

Seamus

I love these type of sharesave schemes.

It's like being able to bet on a horse race after the race has finished. If the share price is higher after 3 years you've won, if it isn't then don't exercise the option and take your money. Either way you can't lose.

Obviously you have money tied up in the scheme for the duration but they normally give you something like 3 months payments as interest after 3 years so it's not dead money.

My wife's company offers this type of scheme and I always get her to take up the offer. The one that matures this summer will give her back more than twice what she has contributed over the past three years (assuming the stock doesn't bomb)!

Katgoddess

Yes go for it, even if you don't do the full 250 quid. I'm in my companies share save scheme, and it matures this summer. My money should be doubled.

JasonW_2

Go for it! Mines matures in November. Paid £100 a month over 3 years with option price of 314p. Shares now worth 704p so have made a nice amount, and stand to walk away with about 8.5k approx. Money comes straight out wages as well, so there is no option or temptation to be able to spend it, and I dont even count it in my income anymore, so after nov, I will have an extra 1200 a year coming in before any wage rises. Glad I went for it, cos I had to sacrifice some things to afford the £100 initially but I now realise I didnt need those things anyway.

J

haggis_muncher

thanks for the encouragement/help, am gonna advise her to go for it, even if the currency aspect goes pear shaped, as has been mentioned she doesnt have to buy the walmart shares

cheers

davidcampbell

i joined my companies in march 2004 at £15 per month as at the time i had a lot of outgoings but i just wanted to get involved. plan was to join future years schemes at much higher amounts. we dont run it any more though :mad:

still ive got an option price £3.82. currently approx £6.55 :beer:

just need to wait 6 years for it to mature

We_Laugh_Indoors

i would give it a go.

my girlfriends mum and other family members have been using it for years and it gives a nice tidy sum.

loopy_lass

hi just bumping this one, ive just been offered the sharesave scheme, is it still a viable option?

loops

gozomark

is it the same terms ?

loopy_lass

yes, seems to be, i can save x amount for 3 yrs, which entitles me to buy shares at todays prices.. or i can withdraw the money plus bonus any time... seems ok to me, but then im a bit green about these things...
http://www.shareview.co.uk/clients/asda/default.htm

loops