Telecom eireann shares

amdublin

Just watching something on rte now and they showed the ad encouraging people to buy TE shares.

Just wondering what happened after this??

What share price did people buy at?
What did they drop to?
What are they at now?

Did people hang on to them or sell them?

Anyone out there still have them?

amdublin

Okay so a little bit of google work and I found this
http://en.wikipedia.org/wiki/Eircom

Anyone got any personal battle stories?

(I didn't buy btw, had just started my first job, didn't really enter my consciousness tbh)

martyoo

People were paid cash for them and given some Vodafone shares afaik.

malikderm

Hi
I saw this thread when I googled for telecom eireann shares. I still hold a few of these shares which I believe now are Vodafone shares. Has anyone any idea are these still valid ( I am a novice in share dealings) and what can I do about them.

Sonnenblumen

The Vodafone shares are still very much in play (usually hover around £ 1.70/share and a good annual divi also). Check with the registrar, because over the last few years, there have been a few changes/amendments etc.

Are you not receiving your interim and final divis each year?

malikderm

Thanks Sonnenbluman. As I said I am a novice in share dealings I do not have clue. We have changed addresses a few times and that could be reason of not receiving anything for the last 7 years. I do recall getting a couple of cheques for a petty amount which I did not bother even to lodge. I have only 620 shares......I could even be wrong in assuming that!!!
I just came across these shares when clearing my old stuff last week.
Should I contact registrar in UK OR Ireland.
I am most grateful for your help.

Sonnenblumen

malikderm wrote: »

Thanks Sonnenbluman. As I said I am a novice in share dealings I do not have clue. We have changed addresses a few times and that could be reason of not receiving anything for the last 7 years. I do recall getting a couple of cheques for a petty amount which I did not bother even to lodge. I have only 620 shares......I could even be wrong in assuming that!!!
I just came across these shares when clearing my old stuff last week.
Should I contact registrar in UK OR Ireland.
I am most grateful for your help.

You should contact Compuserve, they're in Sandyford, contact details will be on Vodafone site (Investor Relations pages) and update your address details etc. You'll need your Shareholder ID Nr which will be on your Share Certificate). You might be able to seek credit for any uncashed cheques. Why not sign up for script divi (receive additional shares in lieu of cash payment) ?

Divi Amounts

ballsymchugh

i was in the same boat a few years ago, with a few uncashed vodafone cheques building up while i was away, but registered online and got them all paid directly into my bank account. it's small, but i'm determined to hang on to them til i've made back what i've lost!!
in for the long haul!!

malikderm

Thanks again for very useful advice. I will do as you suggested. Much obliged.

Bovriladdict

Also worth considering this: Rather than sitting on shares that are stuck to the floor and unlikely to gain, why not realise your loss. Then use that part of the cash income to buy an instrument that's trending upwards that could make you a profit. In other words put your money to work. Cut your losses and let your profits run on something else.

Sonnenblumen

Bovriladdict wrote: »

Also worth considering this: Rather than sitting on shares that are stuck to the floor and unlikely to gain, why not realise your loss. Then use that part of the cash income to buy an instrument that's trending upwards that could make you a profit. In other words put your money to work. Cut your losses and let your profits run on something else.

That is a fair point, but what is the point of realising the loss at this point? Putting the money (and I presume it might be relatively a small amount?) is to work is fair enough but doing what? Deposit account interest rates are currently miniscule and most < rate of inflation. Keeping the shares and small appreciation of a blue chip stock is not unrealistic which together with a generous divi (> deposit account rates) is a no brainer.

Of course if OP were to sell and take his/her chances with an alternative stock, and the transaction charges etc would all have to be factored in.

I suppose each to their own?

Best of luck whatever you decide.

Bovriladdict

I should say up front that the best thing to do is an individual thing based on things like an individual's investment experience, attitude to risk, size of portfolio etc. So this is just one idea, but...

If the shares are cashed in, he could then go to a spreadtrading firm and take an equivalent position in eircom shares at a smaller outlay and maintain the same upside potential in Eircom etc. If he is facing capital gains tax on his portfolio he would write off the original loss from selling the Eircom shares against this tax bill.
Now he has a more efficient tax situation, the same upside opportuity with Eircom if he is a believer and he has freed up some cash. Important to be prepared to move from being an investor to someone who puts his money to work. No point sitting on a long term loss.

Lass die Kuh fliegen, Sonnenblumen!

Sonnenblumen

Na, ist das nicht wunderschön?