Last Minute.com share certificate

[philiporchard]

Just found a couple of shares certificates for a grand total of 70 shares for LastMinute.com.
Dated 2000...

A shame - thought they were going to make me rich!

 

[Edwin]

Just found a couple of shares certificates for a grand total of 70 shares for LastMinute.com.
Dated 2000...

A shame - thought they were going to make me rich!

Are they worth anything? There seems to be a Lastminute.com stock quoted in CHF...
http://www.lastminutegroup.com/investor-relations/share-information.aspx

If it's the same stock, that would make your shares worth around £750.

 

[philiporchard]

Possibly. I wonder how I go about cashing them in.
It's been a long time since I bought and sold shares!

 

[ausername]

They were bought out so you may be owed some money from the sale in 2005, it definitely won't be the 2017 share price is relevant but the share price at the point of the exit I should think?

 

[Edwin]

Imagine that had been Google stock! Or Amazon

The stock splits would have made it worth a fortune.

 

[ausername]

Sold for 165p-a-share, so £115.50

 

[ausername]

Funny because I bought £150 worth of Luxtripper shares last year, early stage travel business.... wonder whether I'll be having a similar conversation in 17 years about how to claim my £38 or something

Phil, is there a a phone number on the share certificate of the company brokering / overseeing the IPO? Try that first.

You will have some money sitting around somewhere because it was a compulsory buyout, you'll be entitled to £115.50 + a negligible amount of interest which is probably below the rate of inflation. They have to keep this money sitting around somewhere.

 

[Edwin]

Imagine that had been Google stock! Or Amazon

The stock splits would have made it worth a fortune.

For a giggle:

• 70 Amazon shares bought at IPO are now worth US$83,858.60.
• 70 Google shares bought at IPO are now worth US$73,641.40.

Even a single share in either is worth over US$1,000. I wonder if anyone has one of those "1 share" share certificate gifts gathering dust somewhere (not sure if they were ever done for Google/Amazon)

 

[ian]

Imagine finding 70 bitcoins on a paper wallet = $679,000

 

[dee]

Imagine finding 70 bitcoins on a paper wallet = $679,000

I always remember a story about a bloke in wales who threw a hard drive away with a computer that had thousands of bitcoin on ( they were worth pretty much nothing at the time) It was as bitcoin hit a couple hundred bucks I think. If it's true he's probably still diggin around the landfill site

 

[Edwin]

Or the guy who bought 2 pizza for 10,000 Bitcoin back in the day. I hope he got extra cheese with them!

Aside: I expect there may be some nervous Acorn paper millionnaires, what with all the talk of Bitcoin over the last year or so. Nice problem to have...

 

[bonusmedia]

In fairness you did pretty well to pick a dot com boom startup that's still going.

https://en.wikipedia.org/wiki/Lastminute.com
Fascinating stuff - apparently at one point on the day of the IPO they were valued at £768M.
The company had revenues of... wait for it... £330K. Having already poured in £31M.
Edit: Valuation of 2300X revenue - forget about earnings as there weren't any for 5 years

These days a decent, stable website with £330K earnings might be worth 3X-5X?
A dominant billion pound company like MoneySupermarket is worth about 10X.

How anyone ever thought those numbers made sense is incredible really.

I bought 5 bitcoin domains for reg fee in 2013. If I'd put that reg fee money in bitcoin and left it, £25 would be something like £2000 now.
I've had a couple of £500 offers though so domains may yet win out

Also... those lastminute shares collapsed 2 weeks later and never recovered along with most of the rest of the dot com market.

I don't really understand bitcoin so I have no confidence in predicting anything, but there are definitely some similarities.

 

[bonusmedia]

Aside: I expect there may be some nervous Acorn paper millionnaires, what with all the talk of Bitcoin over the last year or so. Nice problem to have...

More power to them. You'd have to be a true believer (or vastly wealthy already) not to take a 7 figure return off the table though.

That's how I console myself - if I'd bought at $100 I would have most likely sold at $400 or something anyway.
It was around the same time I bought Tesla under $40 then sold it after it doubled. (And had to watched it double again. And again

I think Monkey had at least 50 before he got banned, so if he only held those he's got at least enough for a third Lamborghini now

 

[TallBloke]

Certainly worth chasing up the lastminute shares.

I bought some shares in a company many years ago. Forgot about them & then found the share certificate. After searching I found the company nearly went bust and was bought out by an American firm. After a few straight-forward emails I managed to get approx £200 back. *Nearly* broke even!

 

[martin-s]

Buy through a broker like HL and they'll do all of the hard work for you? (Though charge an annual fee obviously)

 

[ausername]

More power to them. You'd have to be a true believer (or vastly wealthy already) not to take a 7 figure return off the table though.

That's how I console myself - if I'd bought at $100 I would have most likely sold at $400 or something anyway.
It was around the same time I bought Tesla under $40 then sold it after it doubled. (And had to watched it double again. And again

I think Monkey had at least 50 before he got banned, so if he only held those he's got at least enough for a third Lamborghini now

Buying at $100 and selling at $400 is better than I did..... which is to know about Bitcoin's existence when it was $10 and not buy any