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  1. M

    Eircom ESOP: when's our next windfall?

    From what was reported here in Australia,Reg Comb action has been dismissed out of course with no admission of liability on either side. Eircom Holdings share price has risen to just below proposed takeover offer from STT so still think deal is on. Don't think that this has major bearings on...
  2. M

    Eircom ESOP: when's our next windfall?

    Yes, whenever Esop has to distribute all its' funds to its' members
  3. M

    Eircom ESOP: when's our next windfall?

    Looks like its' a done deal from article. Its' a big positive that STT is a major telecommunications player rather than previous owners who basically borrowed Eircom too hilt to make returns. Interestingly,Stt have mooted a shareholder float of Eircom in 2011 which should provide Esop with...
  4. M

    Eircom ESOP: when's our next windfall?

    Yes-from memory over half of Esops assets last year were 35% stake in Eircom which Esop valued at 165m euro. Based on STT offer for Eircom Holdings,this stake now worth only 20m. They also had substanial vodafone holding which has taken a hammering due to sterling devaluatin against euro. In...
  5. M

    Eircom ESOP: when's our next windfall?

    STT offer for Eircom Holdings values Esop stake in Eircom at around 25m euros.This contrasts with 165m valuation put on Eircom stake in Esop circulation sent out last year. Coupled with the tanking in vodafone shares this year-Esop value per member full allocation would currently be between...
  6. M

    Eircom ESOP: when's our next windfall?

    STT have raised their offer for Eircom Holdings(formerly BCM) If offer accepted by Eircom Holdings,STT will pay a premium of 40 cents AUD to Eircom Holdings shareholders over current cash value of Eircom Holdings(current estimate 97 cent Aud) Eircom Holding shareholders have option of not...
  7. M

    Eircom ESOP: when's our next windfall?

    Irish independent on Saturday has article saying that Eircom executives have flown to Singapore to meet with STT and Eircom Holdings so it looks like current stalemate could be broken. My gut feeling on this is that STT will eventually take control of Eircom Holdings as it seems all parties...
  8. M

    Teacher in Republic since 97, but in UK before that, Contributory Old Age Pension etc

    Re: Teacher in Republic since 97, but in UK before that, Contributory Old Age Pension Thanks Jano, I will ring the number next week. I'm paying voluntary contributions in Ireland at moment as based in Australia but if I can get full pension in UK as well will pay additional...
  9. M

    Teacher in Republic since 97, but in UK before that, Contributory Old Age Pension etc

    Re: Teacher in Republic since 97, but in UK before that, Contributory Old Age Pension Hi there, I worked in the UK for 3 years 1989-1991 returned to Ireland late 91. Can I pay voluntary UK NI/pension contributions from 91 onwards or is there a contact website/number I can contact...
  10. M

    Eircom ESOP: when's our next windfall?

    I certainly will sign it. The lack of information on the website is appaling even trying to find out what the Esop currently owns is very hard to find(at least I can't find it) I have used this thread to keep up to date with Esop as Esop website just doesn't keep me informed.
  11. M

    Paying off Investment Property? Or not? Oz questioner

    Re: Paying off Investment Property? Or not? Westpac are offering 6% on deposits greater than $5k whilst your mortgage rate should only be around 5% if you are on variable rate-so in effect u are earning more on deposit then simply putting $100k into your mortgage offset account. There are...
  12. M

    Eircom ESOP: when's our next windfall?

    Hey Vincent, No worries-I have been called worse than a plonker before so take no offence.
  13. M

    Eircom ESOP: when's our next windfall?

    No relevance to Esop as this return will be made to Eircom Holdings shareholders(formerly BCM). Eircom Holdings will retain a small cash holding for what they term working capital purposes. It looks like stalemate for forseeable future
  14. M

    Eircom ESOP: when's our next windfall?

    Eircom Holdings just released statement on latest situation to its' shareholders. Main Points 1-Returning cash equivalent to 80 cent per share to shareholders by end of September 2-Received 15m from Eircom for monies outstanding over previous 2 years 3-Not recommending STT offer in...
  15. M

    Paying off Investment Property? Or not? Oz questioner

    Re: Paying off Investment Property? Or not? Yes-some of my share portfolio pay high dividends in order of 7-12%. I also invest in other stocks where dividends would not be as high but capital appreciation should be higher. 1 example of this was Eircom Holdings(part owner of Eircom) who were...
  16. M

    Paying off Investment Property? Or not? Oz questioner

    Re: Paying off Investment Property? Or not? You have the same goal as me and thats' 1 of the reasons why I'm not in mad rush to pay off gearing on my investment properties. Tax efficiency to me is relevant as after tax income is what I live on and have set up property/high yielding shares to...
  17. M

    Contributory State Pension if you move abroad

    Hi Butch, I migrated to Australia from Ireland in 2003 after having worked in Ireland for just under 11 years. I pay PRSI voluntary contributions of 6.6% on my annual salary in Australia which isn't a lot for me as I only work 3-4 months a year(if you are on higher salary may not be worth your...
  18. M

    Paying off Investment Property? Or not? Oz questioner

    Re: Paying off Investment Property? Or not? I am in a similiar position to u. I have 2 properties worth around $1.5m and savings in cash/shares of just under $200k. Properties are 50% geared and are cash flow positive to the tune of $15k pa which coupled with return from my savings means I'm...
  19. M

    Eircom ESOP: when's our next windfall?

    I don't think it would take that much for Esop/management to buy out Eircom Holdings stake. They could then use this to bring in an industry player. I was in Eircom when KPN/Telia were involved and worked with some talented people from both those companies. Eircom holdings are suppose to...
  20. M

    Eircom ESOP: when's our next windfall?

    Yes seen that MB05. STT bid values Eircom at practically zero so assume Eircom holdings shareholders will not vote for takeover(thats' what board has recomended here in Australia) Share price of Eircom Holdings is basically trading at cash value which company has stated will be returned to...
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