Eircom / Vodafone Shares

Tidyweb

I bough Eircom shares at the initial IPO and bought further Eircom shares about a year later (€1500 &€1500 lots of Eircom shares).

As it stands now I think I own some Vodafone shares.

I have changed addresses numerious times and have no backup paperwork.

Are these worth much now and how can I get my hands on my samll amount of shares and dividends

BrokenArrows

Tidyweb wrote: »

I bough Eircom shares at the initial IPO and bought further Eircom shares about a year later (€1500 &€1500 lots of Eircom shares).

As it stands now I think I own some Vodafone shares.

I have changed addresses numerious times and have no backup paperwork.

Are these worth much now and how can I get my hands on my samll amount of shares and dividends

They are currently trading at 162.40 pence sterling http://finance.yahoo.com/q?s=vod.l&ql=1

I have something like 28 shares left over from that whole thing. Not worth selling!!!

Do you know what broker was used to buy the shares? I used ComputerShare.

EDIT: They also were sending out checks to the registered address for the dividends years ago but then there was a mandatory requirement to register a bank account for a direct transfer into the account for dividends. Not sure what they do if you didnt respond to that request. On the ComputerShare website i was able to redeposit the dividends because i never deposited the checks. They were always tiny dividends of a euro or less.

hinault

I've brought this thread back up because it looks like Eircom/Vodaphone shares are starting to appreciate and I too am looking to sell these useless shares after
13 odd years.

Computershare have been paying me a dividend but it's time to sell these shares.

eamonpk

I also bought Eircom/Vodafone shares and have forgotten about them - i couldn't even remember how many I had but interested now as this business with Verizon should be very good for shareholders

Used http://www.vodafone.com/content/index/investors/shareholders/ordinary_shareholders/dividends.html and checked with my dividend from August 2012 and was able to work out I had 532 shares which at £2.14 is worth just over £1000

I don't have much interest in shares - does anyone know how much the shares will rise to if the merger goes ahead.

I just heard someone on Today FM saying this was good news for those that bought the Eircom shares. My knowledge is not very good as it many not be a merger or it may not be the share price going up which is the good news. Possibly share holders have to give up the shares at a good price

So if anyone has any more knowledge on this Vodafone news I would be grateful

euroboom13

Tidyweb wrote: »

I bough Eircom shares at the initial IPO and bought further Eircom shares about a year later (€1500 &€1500 lots of Eircom shares).

As it stands now I think I own some Vodafone shares.

I have changed addresses numerious times and have no backup paperwork.

Are these worth much now and how can I get my hands on my samll amount of shares and dividends

My quess is for ire£3000 would have given u 483shares in vodafone
Valued @ gb£2.15=gb£1038

Sonnenblumen

I kept my VF shares and signed up for the script divi (additional shares in lieu of cash). The SP has tended to fluctuate between £1.50 and £1.90 for as long as I can remember and its great to see it break through the £ 2.00 barrier, (£2.13 today). The rise probably driven by a few carpetbaggers?

A solid share with a great divi (Yield of 5-6% which is not to be laughed at).

According to the new s today, they estimate that if the Verizon deal goes through and 50% of proceeds as expected will be distributed to VF shareholders it will be worth about £1.00/share.

Happy days. 2013 is really turning into being a fantastic year for shares in general.

An announcement is expected later today after Verizon Board meeting.

Sonnenblumen

It was reported on ITV's News at Ten tonight, that the purchase is expected to be completed early 2014 and VF shareholders will receive £1.23 (€ 1.50/share):D

VF will be a smaller but richer co following the sale of interest in Verizon, and it will be extremely interesting to see how the sale will affect the future strategic direction of the company's operations.

Great news for VF shareholders!

skippy2

so is the advice to sell or hold once this gets sorted out :-)

Sonnenblumen

I'm long term investor, I'm holding out for VF to grow or be taken out!

gordongekko

skippy2 wrote: »

so is the advice to sell or hold once this gets sorted out :-)

better to hold for a week or 2 to find out more details. Seems like they will be returning cash to shareholders. Its such a large sum the UK government are talking about upping their growth forecasts for the year.

Misty Moon

BrokenArrows wrote: »

They are currently trading at 162.40 pence sterling http://finance.yahoo.com/q?s=vod.l&ql=1

Sonnenblumen wrote: »

The SP has tended to fluctuate between £1.50 and £1.90 for as long as I can remember and its great to see it break through the £ 2.00 barrier, (£2.13 today).

Right, could somebody help me with something I undoubtedly learned in school but have long since forgotten. I'm another of those eircom debacle Vodafone shareholders who has moved house multiple times and not bothered following up with them to find out where my 20p dividends (or thereabouts) are every year. Last thing I have from them was an option to sign up for the dividend re-investment scheme, which I never got around to doing. So I'm contacting them tomorrow, have dug out the box with my share certificate and will see what the story is.

My question though is about the share price. Looking on their website the share price is on the right-hand side of the page. There's a column for LSE and a column for NASDAQ. Underneath LSE it says 235,90 (with a green arrow) and underneath that 2,15. Which is the share price? Is the 235,90 two hundred and thirty-five pounds and ninety pence or two hundred and thirty-five point ninety pence? On the NASDAQ side the figures are 38,75 and 0,73 respectively. If Vodafone is listed on both LSE and NASDAQ, which price is relevant for me? Feeling very stupid at the moment, brain has been let go to mush since I left college (yes, I even studied business!) and I don't understand anything anymore. Also, just as an aside, do ye see those figures on the Vodafone website showing with a comma or a fullstop? Not sure if being in Germany somehow gets picked up by their website so that I'm seeing the comma that is used here for a decimal place.

Oh, and now I come to think of it, would tax on any backdated dividends I may get (not holding my breath on that though) be liable where I lived when the dividends were first released (Ireland) or where I live now when I (potentially) actually get the money (Germany)?

Procyon

The share price is 235.9 pence, or two pounds and (almost) thirty six pence. The value rose by 2.15 pence today.

On the Nasdaq "ADR"s are exchanged. Each ADR represents 10 Vodafone shares. So $38.45 is equal to the value of 10 Vodafone shares.

An ADR is an American Depository Receipt, you can google for more details.

Sonnenblumen

Misty Moon wrote: »

Right, could somebody help me with something I undoubtedly learned in school but have long since forgotten. I'm another of those eircom debacle Vodafone shareholders who has moved house multiple times and not bothered following up with them to find out where my 20p dividends (or thereabouts) are every year. Last thing I have from them was an option to sign up for the dividend re-investment scheme, which I never got around to doing. So I'm contacting them tomorrow, have dug out the box with my share certificate and will see what the story is.

My question though is about the share price. Looking on their website the share price is on the right-hand side of the page. There's a column for LSE and a column for NASDAQ. Underneath LSE it says 235,90 (with a green arrow) and underneath that 2,15. Which is the share price? Is the 235,90 two hundred and thirty-five pounds and ninety pence or two hundred and thirty-five point ninety pence? On the NASDAQ side the figures are 38,75 and 0,73 respectively. If Vodafone is listed on both LSE and NASDAQ, which price is relevant for me? Feeling very stupid at the moment, brain has been let go to mush since I left college (yes, I even studied business!) and I don't understand anything anymore. Also, just as an aside, do ye see those figures on the Vodafone website showing with a comma or a fullstop? Not sure if being in Germany somehow gets picked up by their website so that I'm seeing the comma that is used here for a decimal place.

Oh, and now I come to think of it, would tax on any backdated dividends I may get (not holding my breath on that though) be liable where I lived when the dividends were first released (Ireland) or where I live now when I (potentially) actually get the money (Germany)?

For starters the relevant Share Price is listed LSE (FTSE) and in pence Sterling),ie 235.9 p (or £2.3950), share prices fluctuate +/- daily and a green arrow represents a rise in share price eg 2.15p and a red arrow would represent a fall.

Concerning dividends you will need to contact the Company's Share Registrar which is Computershare (offices in UK, Ireland and presumably Germany). Unless you signed up for a Scrip (extra shares in lieu of cash dividend), a dividend cheque is usually posted out. If you have not received any divi payments (paid twice /year) you will need to check with Computershare and I wish you luck with them.

A witholding tax (typically 20%) is normally deducted at source from any dividend payments and additional tax liabilities may apply (contact your local Steuramt or Steurberater)!

Misty Moon

Thanks Sonnenblumen. See, it might have made more sense to me if they'd put the arrow beside the amount that it went up by. Maybe. :rolleyes:

Totally looking forward to sorting out the tax aspects. Need to call in to the FA to get the forms for my 2013 return this week anyway so might ask a quick question there. And was thinking of trying to start some on the side freelance work this year too and was anticipating having to actually find a Steuerberater so now I really will. Right, off to phone Computershare now and see if they'll still have me.

Hoover

Is it possible to sell my .......eircom..now..Vodafone shares ..........during the free dealing time frame ie. 24 feb>7 April at no cost or is that just for the Verison shares..and if not what is the cheapest way to cash the Vf shares in, holding 280 of these with compushare.

Sonnenblumen

Hoover wrote: »

Is it possible to sell my .......eircom..now..Vodafone shares ..........during the free dealing time frame ie. 24 feb>7 April at no cost or is that just for the Verison shares..and if not what is the cheapest way to cash the Vf shares in, holding 280 of these with compushare.

The no cost sales offer only applies to the selling of the Verizon shares. I would contact Computershare (first) and compare their costs with others in regards to selling Vodafone shares.

darklordsbane

Hi all
I too had bought Eircom shares at the start (1500 punts worth) I cannot remember how many Vodafone shares I was given when they (Dick Spring and the other directors on the board) screwed us
Does anyone know how to find out how many Vodafone shares my Eircom shares would have given me
I opted to get more shares as payment instead of cash dividends I have moved house twice since 2000 and I am sure have lost a bit of paper work
the latest info I got from Vodafone says I have 348 shares as of 10/02/14 but I thought I got 450 shares after the original shafting might be my brain being a bit addled can't be sure
is there a link to check my balance I can't seem to find one and what was the story about the supposed windfall from sell off a bit of Vodafone last September
As always any help greatly appreciated

Misty Moon

There are some good threads on askaboutmoney about the Verizon sale, which I'd recommend reading through. There was a form that needs to be received by Computershare by 13:00 on Thursday with a choice of whether you want to receive shares that will be treated as capital or income (for tax purposes). If you don't have that you don't really have time to do so anymore so will most likely automatically receive the shares that get treated as income, so you'll have some tax to pay (if you opted to receive them as "capital", you mostly likely would still have been able to use the capital loss from the eircom fiasco to offset the gain).

Best thing to do is contact Computershare, make sure they have your updated information and take it from there. The one deadline you haven't missed is if you want to choose to sell your Verizon shares immediately under the free dealing offer - that form needs to be in by 4 April - unless you want to hold on to the Verizon shares (along with having to deal with filing American tax forms every year) that is.

As regards quantities of shares, I originally bought just the minimum amount, which was just under three hundred pounds worth and that got me 97 shares in eircom. When the eircell part of the company was sold to Vodafone, I received 47 shares. There was a consolidation of some kind in 2006 or so and for every 8 shares in Vodafone you had, you got 7, so I ended up with 41. I didn't do the dividend reinvestment scheme unfortunately so just have that small amount still. But at least that might help you figure out about how many shares you had to start with.

Misty Moon

darklordsbane wrote: »

Hi all
I too had bought Eircom shares at the start (1500 punts worth) I cannot remember how many Vodafone shares I was given when they (Dick Spring and the other directors on the board) screwed us

Also, just to be picky. The Vodafone shares deal was separate from the Valentia sell-off which forced us to sell off our eircom shares at a loss aka when we got screwed.

darklordsbane

Hi Misty moon
Thanks for the explanation by your calculations I should have gotten 5 times what you got as 1500 punts to your 300 punts total holdings in Eircom 485 shares,
you say you got 47 shares in Vodafone for your 97 Eircom shares that means I should have 235 shares in Vodafone then devide 235 by 8 and multiply by 7 = 205 extra shares making a new total of 440 shares in Vodafone plus the shares instead of cash dividend don't know what I got every year but it must be at least 3 or 4 a year either way as I have never sold any Vodafone share my holdings should read more than 348
Do you know how I can get in touch with the RIGHT department and not just a call center or robot
Thanks
Regards
D

Harrybelafonte

.I forgot all about this Verzion deal. Is there a way to post it tomorrow morning and be sure it'll be there on time?

Desn't look like there is.

darklordsbane

I spoke to someone in Computer share or Vodafone this morning phone 0818300999 then 1 then 0
She said there was a thing done years ago ( consolidate I think) and we got less shares because of it anyway we will find out next week how much cash we are getting and how many shares in Verzion we will get
When I asked did I not have more shares when the 7 for 8 thing happened she said you may have more than 1 certificate of shares check your paper work, does anyone have their original share certificates and could they please check to see if they are the same reference number as the newer share certificates
Thanks
Regards
D

Misty Moon

darklordsbane wrote: »

I should have 235 shares in Vodafone then devide 235 by 8 and multiply by 7 = 205 extra shares making a new total of 440 shares in Vodafone

Nope, you didn't get an additional shareholding - every eight shares you had were replaced with seven of the new shares - so you'd have had a new total of 205. (plus whatever you got from your dividend reinvestment).

darklordsbane wrote: »

Do you know how I can get in touch with the RIGHT department and not just a call center or robot

The right department is a call center unfortunately. The first guy I spoke to in January was a complete muppet - didn't do half of what he said he would but when I phoned back a couple of other times I got very competent people. It's just the luck of the draw. Just phone 01 6968421 - if you have anything with your shareholder number on it, that'll help them to find you quicker (it's usually C+ten digits).

Harrybelafonte wrote: »

.I forgot all about this Verzion deal. Is there a way to post it tomorrow morning and be sure it'll be there on time?

Desn't look like there is.

It's probably too late to send in the form to get there by tomorrow but there's another one that's due by 4th April so still time to get that one in if you want to avail of the free share dealing package to get rid of your Verizon shares.

darklordsbane wrote: »

does anyone have their original share certificates and could they please check to see if they are the same reference number as the newer share certificates

I only have my original share certificate for Vodafone, didn't receive the new one in 2006 but they were able to find me in their system using just the reference number on the older one. As I mentioned above, some of them are less than helpful and/or don't seem to have much of a clue. Might be worth phoning again. You should also make sure that they register you for the online investor centre - then you can check your shareholdings yourself.

darklordsbane

Thanks guys will do

eamonpk

Hi

On Tuesday out of the blue my bank account has just had 2 entries for credit by Vodafone with Details "Bank credit VODAFONE RETURN" for £27.71 and £157.23. Could anyone tell me if this is to do with the Verizon business or why I have received the money

Thanks

Misty Moon

eamonpk wrote: »

Hi

On Tuesday out of the blue my bank account has just had 2 entries for credit by Vodafone with Details "Bank credit VODAFONE RETURN" for £27.71 and £157.23. Could anyone tell me if this is to do with the Verizon business or why I have received the money

Thanks

Yep. That'll be your Vodafone return of value. One payment is the return of value on the Vodafone shares you held (whether it's a capital or income payment was determined by what choice you made on your form - relevant for tax purposes), the other payment is a fractional payment (if your shares weren't equally divisible by the number they decided on the fraction just got paid out - that'll be the smaller amount). If you also chose to sell your Verizon shares immediately under the free dealing scheme you should also receive a cheque for that amount in the next few days or weeks.

eamonpk

Misty Moon wrote: »

Yep. That'll be your Vodafone return of value. One payment is the return of value on the Vodafone shares you held (whether it's a capital or income payment was determined by what choice you made on your form - relevant for tax purposes), the other payment is a fractional payment (if your shares weren't equally divisible by the number they decided on the fraction just got paid out - that'll be the smaller amount). If you also chose to sell your Verizon shares immediately under the free dealing scheme you should also receive a cheque for that amount in the next few days or weeks.

Hi

Thanks for the response. Looks like I am not up to speed on this. I take it I should have stated whether I want to seel the Verizon shares but I don't remember doing this - do you know what default was? Was it considered wise to sell them and any idea how much they are worth. Thanks again for help in this

Misty Moon

eamonpk wrote: »

Hi

Thanks for the response. Looks like I am not up to speed on this. I take it I should have stated whether I want to seel the Verizon shares but I don't remember doing this - do you know what default was? Was it considered wise to sell them and any idea how much they are worth. Thanks again for help in this

You should have gotten an information pack from Vodafone/Computershare (they were sent out around December). Best thing to do, if you didn't get it, is to phone Computershare as soon as possible. Most of the things that were open to a choice have since happened and you'll just have gotten the default options but you have until 4th April to elect to participate in the free share dealing scheme on offer.

Basically, this is a one-off offer to dispose of your new Verizon (note, NOT your Vodafone) shares. Unless you're something of an investor it probably makes sense to do this. Firstly, there will be no broker fees to pay, which is obviously saving you money. Secondly, as Verizon is a US company, holding shares and receiving dividends means you would be required to file tax returns in the US every year (I have no idea whether or how much tax you might actually have to pay since just the thought of having to do the paperwork was enough to put me off).

I only had the original minimum share in Vodafone so before the new consolidation I had 41 shares - for that, as well as the cash I got from Vodafone, I received one whole share in Verizon. I chose to sell that and am due to receive a cheque for just over €34. Exactly how much you receive obviously depends on how many shares you hold and what the share price is on the specific day your shares are sold. The Verizon share price seems to be holding at around US$47 (so around €34) at the moment so you can use that as a guidline to figure it out.

With regard to the Vodafone pay-out, if you didn't send back the form specifically choosing to get the return of value payment as a capital payment then you will have received an income payment - this is important to know for tax purposes as you are liable for income tax on those amounts and will need to file that with Revenue (have no clue about exactly what that involves, sorry, don't live in Ireland anymore - maybe someone else can help or check out the threads on askaboutmoney for more help).

Delsar

I only had the original minimum share in Vodafone so before the new consolidation I had 41 shares - for that, as well as the cash I got from Vodafone, I received one whole share in Verizon.

I originally bought the minimum share in Eircom which equated to 34 Vodafone shares. Communication from Vodafone to me last week says To qualify for new Verizon shares you needed to have a holding of at least 39 Vodafone Ordinary Shares at 6.00 p.m. on 20 February 2014. so I'm not getting any cheque in the post as far as I can tell and following the consolidation I now have 18 shares.

madalig12

I had 68 shares, I got 24 euro for return of value capital payment and 26 euro for Verizon fraction and one verzion share which I will sell, I've also had my number of shares go from 68 to 37. I don't see how I don't make a loss out of this whole thing.

Kristopherus

madalig12 wrote: »

I had 68 shares, I got 24 euro for return of value capital payment and 26 euro for Verizon fraction and one verzion share which I will sell, I've also had my number of shares go from 68 to 37. I don't see how I don't make a loss out of this whole thing.

For sure you'll make a loss as of now. You may make a small profit if the Vodafone shares treble in value. Unfortunately that may not happen this side of 2030.:(.

eamonpk

I too thought this was supposed to be a good thing for Vodafone/Eircom shareholders. I was listening to a program on The Last Word and it gave the impression that this was some relief from all the problems for those who bought Eircom shares away back in 1999. For me i have had my shares halved from 530 to 290 but no sign that Vodafone shares have doubled in value.