VOD-Vodafone,sell or wait..?

planteria

planteria wrote: »

i have 2900 Vodafone shares. i haven't worked out what, at current prices, i am set to receive in Verizon Shares and Cash.

now my 2900 Vodafone shares, which cost £5k, have become:
1581 Vodafone shares, worth £3826.02
76 Verizon shares, worth £2153.11
Cash worth £859.27

is that right? i didnt realise the Verizon shares would be worth as much as that:think:

sabretoothtigger

verizon is linked to the iphone sucess in usa, it was or is a big deal. voda had almost 50% so its a big market for lil ole uk company.
of course its a global company but most countries dont spend like usa does, I think voda is still big in germany and india.

[India is a nightmare of political quagmire and government interference and Germany is a nation declining, their biggest growth is immigrants]

Personally Im pessimistic but ive been wrong so far. I hold south american telecoms, not sure who is best for asia though apple itself just got a contract to deploy their phones in china but not the calls obviously

planteria

so you are not invested in Vodafone, sabre?

sabretoothtigger

Not directly but its so big, pays to keep up with it

planteria

fair enough, sabre..

from HL: "Important information for shareholders
Vodafone are returning $84 billion to shareholders in Verizon Communications shares and cash. What do shareholders need to know and do?

Latest News: Vodafone has announced the consolidation ratio and number of Verizon Communication shares to be allotted to shareholders. To summarise, Vodafone shareholders as at close of business on 21 February 2014 will receive:

0.0263001 Verizon shares for each Vodafone share as at close of business on 21 February 2014
6 'new' Vodafone shares in place of every existing 11 Vodafone share as at close of business on 21 February 2014
$0.4928 per share held at close of business on 21 February 2014
'New' Vodafone and Verizon shares to be added to clients' accounts from 24 February 2014
Cash to be credited to clients’ accounts from 4 March"

Thrugelmir

Sold my Verizon allocation today. Won't add to it so is too small retain in the longer term.

planteria

Thrugelmir wrote: »

Sold my Verizon allocation today. Won't add to it so is too small retain in the longer term.

i suspect i will come out of it too, Thrug..

a platform move is causing me to simplify things.. i am unsure whether to continue with Vodafone.

planteria

i'm not quite sure to make of the 'Cash'.. it shows as a 'holding'. are we waiting for the cash to be released, and at that point it will just become available funds?

Scarpacci

planteria wrote: »

i'm not quite sure to make of the 'Cash'.. it shows as a 'holding'. are we waiting for the cash to be released, and at that point it will just become available funds?

Yes, it's not scheduled to be paid by Vodafone until March 4. I think brokers are just showing it now to avoid confusion over missing value, but it hasn't yet been paid.

planteria

thanks Scarpacci, that explains it..:)