Mutual Windfalls back?

planteria

i'm still curious, jimjames, as to the company who's shares you own for the shareholder benefits:think:.

Glen_Clark

Worth remembering the rules have been changed to make demutualisation FAR less likely
I can't remember the exact details, but its something like this. You need a much bigger vote in favour to get it through, but you are likely to get a much smaller vote in favour because anybody who only joined in about the last 10 years will get no windfall.
I got most of the building society windfalls, but years ago gave up keeping accounts open in the hope of further windfalls

Drp8713

planteria wrote: »

i'm still curious, jimjames, as to the company who's shares you own for the shareholder benefits:think:.

Im guessing IAG for the cheap flights?

Either that or he likes drinking bitter and has bought Youngs.

planteria

i know people who have M&S shares and enjoy attending the AGM;)

Terry98

Is there any further news on the Marine and General Mutual (MGM) payout?

I read somewhere that payment will be made in the early part of 2014 but it's not clear on this http://www.marineandgeneralmutual.co.uk/qa/questions-about-recent-changes/

planteria

do you have an update yourself now Terry?

there are more windfalls on the way...

https://forums.moneysavingexpert.com/discussion/5146298

c£250 is nice. c£4.600 is better still:D

planteria

...and having already bagged a £600 windfall when the ongoing business of Marine & General Mutual was sold to private equity firm TDR Capital, members are set to become members of Scottish Friendly.. will there be a further windfall paid too??

http://www.marineandgeneralmutual.co.uk/proposed-transfer-business-scottish-friendly/

http://www.standard.co.uk/business/business-news/uks-oldest-company-marine--general-mutual-agrees-to-scottish-friendlys-takeover-10018361.html

roddydogs

Hope not, ive just cashed in my £100 with Chelsea ,NW & Skipton Bs, after years of waiting. Luckily i cashed in B & Bs £800 just after I got them.

planteria

at the moment it seems that Friendly Society mergers are more likely to produce Building Society mergers, roddydogs..
but i am still retaining membership of Building Societies.
either way, the consolidation continues.

atush

jimjames wrote: »

I only hold one company shares for the shareholder benefits which have paid back the original cost several times by now.

For investments, all I hold are collective investments, both investment trusts and funds.

I have a small acct where I hold some single shares (although even there I buy collectives it ITs).

I can't decide what to do with my IAG shares? I bought BA as a 'penny share' after 9/11. have had my original investment back x3/4. Have 250 or so left, where I kept them for the perks of 10% off fares (has returned me again my original investment at least once probably more). and they are again even now worth more than I paid for al the original shares. this could be a 10 bagger, I might have to go work it out (kinda hard with the mergers).

they just stopped the Shareholder discount, and they had gone up recently so not quite sure if I will hold them or not? They are restoring the Divi now though. If it is decent I'll hold them still I think.

I was a bagger in the old days, and did sell my B&B and FP shares though.