Member Info for Bonz1957

It is just a fishing exercise for them. They hope enough people accept so they can take control. Page 22 of the prospectus details what happens if the offer is not declared wholly unconditional. In that case they would send all your paperwork/shares back to you if you had accepted. In the past, in similar circumstances, I have done nothing. If they do get control then they let you know and you can accept at that point. All you have lost is receiving your cash a few days earlier. With the share price dropping this is going to be a hard one to call unless there is another offer. Guess we will all have to decide at what point to sell before it drops to the £7.13 Kraft are offering.

Doh!!! Would have helped if I'd have included the link. http://www-uk.computershare.com/WebContent/doc.aspx?docid={fab13c5a-80ad-4bf9-93fc-884f6376ded3}&source=document Sorry all.

What sources are you using for your bold statement? The markets certainly don't agree with you, this share is trading nicely above TERP. They have gotten rid of a loss making rail franchise, are strengthening their balance sheet with the proceeds from this ri, and their only real competition in coach routes is Stagecoach. I presume you do not hold this share, maybe you are hoping for a retrace to buy back in. IMHO when this ri is over the share price will soon push up towards the £2 level, leaving those of us who stayed in showing a nice 18% rise from pre-rights levels.

Sorry m8, have just re-read the posts and realise you were quoting from xrius on 4th @15.51. Now they have gotten rid of their loss making rail franchise I think they will do very well over the long term.

This is the link to the Kraft offer for cadburys. It is 132 pages long but 'Action to be taken' and 'Timetable of events' are on pages 4 and 5. I wonder how many people will sell at £7.13 when the share price is currently £7.90???

One minute you are saying they could come crashing down, the next that you have topped up!!! I can't keep up with you. But if you are topping up then you must feel reasonably safe, hope so as I've taken up my ri in full. GLA.

Thankyou for your kind words. It would be nice to know you too, maybe LSE could run a dating service on the side - LOL!!! I will be taking up all of my rights. Only time will tell if that is to be the best descision. I have participated in a lot of RI's in the past, most have been profitable but some have been dogs. The price is holding up quite well so I do not expect to see any great sell off when these rights start to trade. But as always DYOR. GLA.

As I hold paper shares I have just received in the post the offer doc from Kraft along with a letter of acceptance. We have until 5th Jan to accept the offer. They have gone hostile!!! As their offer values Cads at 713p, I for one will not be accepting. It will be interesting to see if there are any other offers out there, and what this will do the sp. GLA.

You have to pay 105p each for them by Dec 14th to convert them to a full share or the rights lapse and you are at the mercy of Nat Exp as to how much, if anything at all, you may get for them. But once paid for the shares are yours to keep for ever, or until you sell them. I've had quite a few different spellings of my name on here recently, but you're the first to call me bonx.

I live in that one area, and it was chaos. Loads of retuning, lots of lost channels, but not many people I know had to buy a new box as they were already hooked up by some other means - Sky/cable/freeview etc. Not sure that this switchover is going to be a huge success for set-top box sales. Only a few people with old boxes that couldn't be retuned had to buy a new one. The only person I know who has only 5 channels is the mother-in-law - god it's boring round hers!! - everyone else already has access.

Easiest way to find the shares that pay the best dividends is to have a look at the yields that are printed in the better papers. The higher the yield the better the payout. Just remember that the yield figure is based on the last years divs paid and the current share price, so you need to DYOR to check the div hasn't been cut, or that there aren't any surprises around the corner with the share price. My faves are BP, BT and the Utilities. Also I like a share that offers a scrip dividend so that I can take my divs as shares and build up my holding. So with BP, instead of a chq I get an extra 300-500 shares every quarter. So from small acorns giant oaks grow.

We are 6.25% above the TERP so things are looking good. Not sure there will be any great sell off, I'm keeping hold of my rights and have a med term target of £2. A lot will depend on how long it is before they start to pay dividends again, and at what level.

I'm impressed, where do you get all that tricky stuff from? And what in Blue Blazes is a candlestick???????????????? Dont try and explain it to me, I'm too old to be taught new tricks. We could form a great partnership. I'll deal with peoples queries on the rights issue and you can do all that flash stuff with the charts and the candlesticks, and inform us all whether to stay in for the long term or sell now. Cheers.

WOW. Really spooky. Do you know me? I used to be Bonze with an 'e' way back in 1975, but when 'Happy Days' came on the tv I dropped the 'e' to be like the Fonz (Henry Winkler). It sent a shiver down my spine to see my name spelt like that again. Thank you for bringing back some gr8 memories. I hold my shares in paper form so have received my Provisional Allotment Letter direct from Nat Exp. The chq if you are taking up your rights needs to be with them by 11.00am on Dec 14th. As you deal through HSBC not sure exactly what the form is, but I am guessing you hold your shares in CREST. All I can suggest is that you give them a couple more days to send out the paperwork, although I'm not sure exactly what this will be. Then if you still do not receive anything, find out how many rights you have been given - it's a simple 7 for 3 calculation, so if you held say 200, 200/3 = 66.6666 x 7 = 466.66, ignore the .66 and you would get 466 rights - then if you want to take them up, give them a ring, let them know what you want to do and arrange to have the cash (466 x 105p) credited to your account. Hope this helps, I'm off for a reminisce about the halcyon days of 1975 - what a summer!!!

Wish I could help you m8 but my area of 'expertise' is purely down to helping people get a grasp of the mechanics of a ri, and explaining their options. Although I'm heavily invested in the markets, I have bought shares when they floated, or companys I like ie tesco/cadburys/boots when I have had spare cash. I have treated it like a savings account for my old age as I have absolutely no faith in pension funds. I almost always take up ri's when I have the cash and will probably take up this one. The price has held up well since it went ex-rights on30/11, we are only down 2% from 27th. I have no idea how the loss of two rail franchises will affect their cash flow, but obviously they will now have less debt. I'm afraid you will have to DYOR on this one, if you find anthing interesting pls let me know.

As I see it you have three options. 1). You could sell approx 60% of your nil paid rights to fund the purchase of the remainder, that way at least you would end up with some extra shares. 2). You could sell your nil-paids in the open market, I think you have until Dec 10th to do this, the advantage here is that you will know exactly what you will receive. 3). You could do nothing. In this case they will try to find other investors to buy the shares and you would receive the premium over the offer price less their expenses. There is no way of knowing how much if anything you may receive this way. See page 51 para 2.3 of the large prospectus you received. As you say you have received your allotment letter I am assuming that like me you hold paper shares. The problem here is that it all has to be done by post. If you want to do option 1). I think you will have to send your letter back to be split, wait for it to come back, then sell the 60%. And we have so little time to do anything. With the prospect of there being over three times the number of shares in a couple of weeks, there is no way of knowing what effect that will have on the share price, and what price Nat Exp may get for any shares they are left with.

You will find delayed prices for NEXN on iii or London Stock Exchange websites. Your share buying stategy sounds similar to mine. You know and use the company and were in for the med/long term. I dont trust brokers, I like to hold actual paper share certificates, so I am waiting for postie to bring my letter. But as you use an on-line service they should appear on your account fairly soon I would think.

As you bought before the 24th and settled on the 27th you should be entitled to the ri as the shares only went ex-rights today. You will need to check with HSBC though. They may just be running a bit behind, or they may have to chase up the person who sold you the shares and arrange to have the rights passed to you. But keep checking your online account to see if you get credited with the nil paid shares NEXN which were worth 63.6p at close today. Hope this helps.

Remember these Nil Paid shares that you now have are an entity in their own right, they have a value and can be traded. They even have their own identifier: NEXN. But you must pay the 105p to convert them to full shares, or sell them to someone else who will have to pay. So, as you haven't really lost any money there is really no need to have to rush in to buy anything. You have a couple of weeks to weigh up your options. There are no limits or restrictions on what you can do with them. You can buy as many extra nil-paids as you like, take up as few options as you wish, and sell either of them when it suits you. As for what is going to happen to the share in the future, your guess is as good as mine, and unfortunately my crystal ball is away at the cleaners. As they have recently lost two of their three rail franchises I'm not sure how this will impact on future earnings, but the cash they raise will reduce their debt repayments. It is more a case of where you see the share price in the med/long term, and what your general stategy is. Were you in this share for the long term, or to try and make a quick killing out of the failed take over bids?

Crikey indeed!! The good news is you haven't really lost any money - well almost. For every 3 shares you held which have now nearly halved, you also own 7 nil paid rights which are worth, as of close today, about 63.6p each. So if you add it all up you are only slightly down, but that is more due to a bad day on the FTSE than the rights issue. If the market goes up tomorrow by a similar amount ,or more, you could end up better off than you were on Friday. You may already know most of this, but i will try to explain your options if you are in any doubt. 1). You could pay the 105p to convert these nil-paids into full shares, your cash needs to get there by Dec 14th, so check with your broker or wait for the postie to deliver the allotment letter if like me you hold certificates. 2). You could sell your nil-paids for their current value of 63.6p each and take your cash, but you would end up with a smaller share of the Nat Exp cake. 3). You could 'swallow your tail', this means you would sell enough of your nil-paids to fund the purchase of the rest of your rights, so you wouldn't need to put any more money in, But once again you end with a smaller slice of the company. 4). You can do nothing. At the end of the rights period Nat Exp will take everybodys options that weren't taken up, sell them in the market place and send you a cheque for any money they make above the 105p less their expenses. With this option you won't be able to work out how much you will receive.