How much are my Vodafone shares worth

Discussion in 'Investments' started by Deano, Mar 8, 2007.

  1. Deano

    Deano Frequent Poster

    Posts:
    87
    Hi

    I have a Sharewatch account and I'm looking at sending them my Cert for my Vodafone shares. This share cert is from the original purchase of Eircell by Vodafone, but I'm a little confused about the amount of shares that the cert refers to and their value.

    The number of shares on the cert is 721. There haven't been any magical splits since the release, has there? Also, the cert has '$' on it. I thought that we were gives shares that were listed on the FTSE??

    Any advice greatly appreciated!!
     
  2. ClubMan

    ClubMan Frequent Poster

    Posts:
    43,689
    Original share certs are worthless since Vodafone issued new share certs to shareholders as part of their capital restructuring and repayment to shareholders last year. See here:

    Vodafone Shares

    The current share prices for shares and ADS/ADRs traded in the US are available from the Vodafone website and elsewhere.

    If you want to minimise trading costs then the Vodafone low cost shareholder dealing service may be better value than Sharewatch.
     
  3. Deano

    Deano Frequent Poster

    Posts:
    87
    Thanks ClubMan! :)
     
  4. naasrd

    naasrd Guest

    £1009 as of 5pm today.
     
  5. ClubMan

    ClubMan Frequent Poster

    Posts:
    43,689
    Nope - if the certs mentioned above are the original certs then the actual current shareholding will be less than 721 due to the issue of new diluted shares last year as part of the capital restructuring. I can't remember the number of new shares per old share but it's probably in the EGM link that I posted in the other thread.

    Update: seems that the ratio of new shares for old was 7 new shares for every 8 old shares with the 8th "B" share being encashed to make the capital repayment. So if somebody had 721 original shares then they should have received 721 x GBP£0.15 = GBP£108 capital repayment and now have 721/8 x 7 = 630 new shares. I think...