Vodafone windfall

buffman

I thought that I would carry out a rough survey and see how many of us are electing to keep Verizon shares or selling them over the offer period.

planteria

im not sure. i am fairly sure i will keep Vodafone. at the moment i am minded to keep the Verizon shares too, with them appearing to be decent value, but with a view to selling out at what seems to be a good point in the coming weeks/months. whereas Vodafone could remain a long-term holder for me.

brasso

I sold my VOD shares at the start of 2014.

I tried looking at the situation with Verizon and the decision about whether to keep their shares; how I would be able to do that and remain within the rules for owning US shares; the so-called windfall and the halving of shares to balance that; plus VOD's future prospects.....

There was so much uncertainty and complexity that in the end I decided to be happy with what I had (a 48% profit + a dividend to come) and get out.

I'm not saying others should do the same -- it's your call. But sometimes I find uncertainty more trouble than it's worth, and especially when there is a profit available for banking.

planteria

fair enough. i added to my holding and am now 30%up overall.

Biggles

bowlhead99 wrote: »

Before the relevant date, last week, next week, the week after etc, you can buy shares and get yourself onto the register before they look at it and decide who to pay.

This is the bit I'm having trouble with, Bowlhead.

These 'B/C share' returns of capital all seem to suggest that you can buy up to 4:30pm on the last day, with the Record Time set at, say, 6pm on that day (VOD are suggesting 6pm on 20 Feb).

If so, how does this work, when I thought you had to buy three days ahead to get onto the share register?

Is it done retrospectively? And, if so, when would I be able to sell my 'New Shares'?

brasso

planteria wrote: »

fair enough. i added to my holding and am now 30%up overall.

Good luck! Hope it works out -- whatever happens, I'm more than happy with the return I had, so I hope the VOD-holders continue to do well and we'll all be happy.

billchecker1

The only gain to be made from Vodafone was the lead up to the annoucement. What is happening now is simply a return of your capital.

Old_Slaphead

le_loup wrote: »

Unfortunately free money has not yet been invented. Shame.

PPI and whiplash injuries come pretty close though !

Thrugelmir

Most likely sell Verizon in the medium term. However,

My VOD shares are held in a SIPP so should receive dividends gross with no deduction of withholding tax. So should the yield be attractive I may well hold for the longer term.

barak

Thrugelmir wrote: »

Most likely sell Verizon in the medium term.....

Too much hassle for me to want to hold 'real' overseas shares like Verizon - either in my ISA or a Trust, so I have accepted the offer to sell them immediately. [I admit I do hold Banco Santander though! :mad:]