Unless T is planning a little cash and mostly stock offer... Never say never.
Yes. You are correct in your math calculations. You implying that VOD was a neutral trade for you. If so that is your primary problem. Dividend paying stocks rarely make for a good trade. VOD was and is an investment grade equity. Take the cash you got and reinvest it in VOD. Continue to reinvest the VOD dividends and get back to me in 5 years.
Mr. Salt is absolutely correct. Why would forget the $1K you made in 30 days? Several here have been predicting that the VOD rump, that is VOD less their 45% stake in VZ wireless was worth more than the market price of VOD was reflecting. The $1K you're up seems to bear that out. As VOD grows in emerging markets and their dividend increases as they have indicated it will you will be a very happy investor.
VZ is the big dog that everyone is chasing in the US wireless market. Again reinvest the divvy and get back to us in 5 years.
I sleep very well at night investing in quality equities knowing that my portfolio is set up to run a marathon.
If you were looking to get rich over night by sprinting then maybe bitcoin, twitter, or Solarcity may be a better fit for you. Just make sure you have enough Ambien on hand to get you through your trades.
Go to your account on your brokers web page. Find today's value of your VOD shares. Add today's value of your VOD to today's value of the VZ distribution. Add the special cash dividend and the cash in lieu of.
The above sum, will be greater than or equal to your cost basis for VOD.
Even alphonso should be able to get this.
ooooops. I have my figures upside down. $37.48 was your original cost basis? New cost basis is $37.48 * 11/6 = $68.71
$68.71 * 6/11 = $37.48 * 11/6
Once the dust settles Morgan will adjust your cost basis to $37.48 for the VOD shares. $68.71 * 6 / 11. The same as if there was a reverse split without the distribution(special dividend).
Is $37.48 your original cost basis before the distribution?
If I'm horribly wrong doesn't a much higher cost basis work to your advantage, unless you're short?
Your math is wrong. If you had 50 shares of VOD last Friday you now have: 50 * 6/11= 27.272727..... What you got was $17.00, $5.40 per ADR and the rest in VZ shares.
wouldn't it be soooooooooooooo much easier to just read the recent news wires regarding VOD distribution. No guessing involved. A fourth grader should be able to figure out payments to within a few dollars....
Dear VOD shareholders,
I am very, very sorry that your portfolios have been reduced by at least $4.80 a share. I am an independently wealthy investor with a big heart and lots of compassion. I also represent other like minded investors. I realize that it is very, very scary to wake up to a greatly diminished portfolio this morning. Since we, smalls, saltshaker, pumpiedumpie, and nigeco(just to name a few), feel your pain and have way more money than brains let us help...
We will buy all of your VOD shares along with the VZ distribution plus $1.25 per share for your trouble. That is a wopping $.71 per share MORE than you have now.
Be forewarned that our generosity does have a time limit. Let us know of your intentions by close of market on Thursday so that we can make the proper arrangements for our transaction...
Again, sorry for your trouble. We are here to help. I'm sure you would do the same for us.
If you have ADRs multiply your numbers by 10. 1 VOD ADR = 10 shares of VOD. Where have you been the last five months? We have been discussing this ad nauseum for at least that long.
My position dollar value is reflected in my Schwab account. What isn't reflected is the coming cash distribution. Would it be redundant to say ¡WOW!
Don't forget the cash payout that will be posted after March 3....
What windfall? You're no better off Monday than you were Friday.
What will be the open date/s(date acquired) of the VOD shares? Will it now be 2-21-2014 for all of my shares? In my trading account I have various open dates. Some VOD shares were acquired more than a year ago, some less. My trading account lists all of the open dates for all of my equities except VOD and VZ. I can only assume that I have to wait 365 days from today to avoid the 30% US tax on short term sales of VOD. I never factored that into the distribution.
"...from $68 million in 2012 to $55 million in 2013."
No, it's an annual number. Granted it is just the R&D expense. I wanted to see who was paying attention.
But still... If Brezski is invoking 2012 numbers then from their PR news service: "The company's full year 2013 net income was $38.2 million, or $0.92 per diluted share, compared to net income of $271.8 million, or $6.26 per diluted share, in full year 2012."
If Brezski can deliver on that projection, that is 2014 is on par to equal 2012 then... $6.26 x 16.54(forward P/E as per yahoo) then Brezski is predicting a $103 share price.
BTW Level II has an ask of $115 for 200,000 shares. Somebody with deep pockets thinks along the same lines I do.
Don't confuse attacking the message with attacking the messenger. Calling a statement a lie is not the same as calling someone simpleminded.
Typical... Personal attacks when you don't have anything of real substance to offer. Since English isn't your first language, at least I hope to god it's not, let me repeat they core of my argument.
IDCC's earnings didn't come out until yesterday. Not only did IDCC beat the street estimates by $0.05 per share but they also are guiding higher for the next quarter.
Here is an important point, Brezski said in the conference call, "So we ended the year with a recurring revenue base that is backed to the levels we experienced throughout 2012, when we average $63 million of recurring revenue per quarter." He goes on further to say, "This is important heading into 2014. And after factoring in the continued decline and royalties from Blackberry among other factors, we have guided to a solid range of recurring revenue for first quarter of 2014, of $54 million to $59 million. As always, our guidance is based on existing agreements, and does not include the potential impact of any new patent license, technology solutions, or patent sales agreements that maybe signed.
Moving on to expenses, as Bill mentioned our innovation programs continued to deliver promising results, even as we reduced our investment in internal R&D programs from $68 million in 2012 to $55 million in 2013."
So.... Using the CFO's guidance numbers and using the lower end of his projected number of $54M per quarter 2014 revenue I come up with this simple formula (I am, after all, simple minded): $54M * 4(quarters) - $55M(expenses)= $181M(net)/41.2M(shares outstanding)=$4.39(per share net)*16.54(forward P/E as per yahoo)= $72.66 share price.
I would interested in seeing Barclays' reasoning or your for that matter. Short of that you can keep calling me names thus deflecting your own lack of understanding.
Headlines without explanations do indeed feed the brainless.
Just as I thought. Old rehashed news written before yesterdays earnings report, the Barclays analysts don't work that fast, or an outright lie.... I googled your headline and found nothing. Today is options expiration day. Headlines without explanations do indeed feed the brainless.
Provide the link or it's a lie.....
Options gains held less than a year will be taxed @ 30%. The divvy distribution will be taxed at what ever your effective tax rate is for your income. Probably far less than 30% for most of us. I don't see the advantage of selling VOD equities and trading them in for VOD options.
short answer....yes, you can sell March covered calls. Options will be adjusted to reflect both the special divvy and the reverse split. The difference between your net after the close on Fri and after the open on Mon. will be $0.00.