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And if so has anyone calculated what amount per share the kickback from the Verizon deal will be?
Cheers
Danny B
48,449,000,000 shares in issue
Payout amount isn't set but ft reports some analysts believe it could be as much as 70bn USD.
Judging the usual attitudes prevailing in this forum, if you are a Voodophone shareholder and just about to receive a packet, best keep it to yourself.
It isn't free money, the company is disposing of a major asset and distributing a lot of the cash, the share price will be devalued as a result.
Probably about 115p share.
Given that most of VF's dividends came from Verizon, it's a short term gain for long term loss.
112p reported on the news
I used to work for VF, I will never forget the paper millionaires when the share price reached 399p in March 2000, most were VF`s own IT staff who had big share deals tied in with a golden handcuff deal engineered by Sir Chris Gent, the fans splattterd shite everywhere by November 2000 when the sp dropped to 150p.
A bizarre company to work for back in the late 90`s early noughties.