Subject:
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Re: Shareholder Discounts
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Newsgroups:
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lugnet.loc.au
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Date:
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Thu, 15 Feb 2001 01:13:49 GMT
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Viewed:
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395 times
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Still talking about Coles/Myer (I over zealously edited Ross' post):
I'm fairly sure that eligibility for the shareholder discount was
temporarily suspended for all new investors sometime early last year as it
was costing the company too much money! I think the cut-off date was then
extended because there was a bit of a stink about it. I don't believe there
are any plans to reinstate it in the near future, but there was some talk
about reworking the scheme. Please note: I am not a shareholder but my
In-Laws are and this info came primarily from them, although I have heard
similar info from other sources.
Coles Myer was a standard recommendation as a stock of choice for retiree
investment because of the discounts available at such a wide range of stores
(in addition to a good company performance but I believe that's changed a
bit of late!), and this would seem to have a lot to do with the blow out in
investors (i.e. many shareholders with small holdings).
Deidre
drb@tasmail.com
In lugnet.loc.au, Ross Crawford writes:
> Actually I just checked the fine print, and it seems there's some doubt as to
> whether shares purchased after Oct 2000 make you eligible for a card. I'll
> check into this some more...
>
> ROSCO
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Message has 1 Reply:
 | | Re: Shareholder Discounts
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| (...) Although the price has fallen lately, I've been told the dividends are still quite good, and if you're lucky enough to have got the discount card as well, it seems like a pretty reasonable investment. Damn. ROSCO (24 years ago, 15-Feb-01, to lugnet.loc.au)
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Message is in Reply To:
| | Re: Shareholder Discounts
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| (...) No info about employee discounts, but I know a bit about Coles Myer shareholder discounts. You need to buy 500 shares minimum (They're over AU$6 at the moment). You get various dicounts at the various outlets. I think Target is 7.5%, Myer is (...) (24 years ago, 15-Feb-01, to lugnet.loc.au)
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