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 02:32:02 GMT
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Viewed:
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366 times
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Speaking as a Coles Myer shareholder, I can confirm that new sharebuyers are
not getting the discount card, allegedly while the company decides the
long-term future direction of the discount scheme.
A discount card can have up to two signatures on the back, and can only be
used by those two people. Note that the signatories do not both have to be
the shareowner.
If you study the Coles Myer stockholder profile, you will see that CM has a
huge number of shareholders owning exactly 500 shares (the minimum required
for the card). While the dividends are quite satisfactory making the shares
an acceptable investment in their own right, I nonetheless make far more
money from the discounts each year. If you do most of your shopping in
Coles, Liquorland, Myer, Target, K-Mart etc (as I do anyway), you will save
a lot (hundreds of dollars) each year with the discount card.
Kerry
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Message has 1 Reply:
Message is in Reply To:
 | | 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 (23 years ago, 15-Feb-01, to lugnet.loc.au)
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