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Number of Kraft shares reduced - why?

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G
The Voice of Reason



Joined: 02 Feb 2002
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PostPosted: 19:44 - 17 Jul 2013    Post subject: Number of Kraft shares reduced - why? Reply with quote

My Aunt and Mother inherited some Kraft shares.

Since the initial probate some time ago, the number (not value per share) has reduced significantly - almost by half.

I can't find any situation where this should happen and they shouldn't receive some recompense or the like?

Can't find anything in relation to Kraft specifically either.

The probate guy is just saying "not a financial advisor, idunno".(Co-Op I believe, generally pretty useless from what I've seen, I'd avoid.)
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Spudly
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PostPosted: 19:55 - 17 Jul 2013    Post subject: Reply with quote

Has the company split at all? Shouldn't have thought that would make a difference, but it might. I'd start doing some investigating I think.
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hellkat
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PostPosted: 20:00 - 17 Jul 2013    Post subject: Reply with quote

Make sure they've not "accidentally" put them into the name of one of the other trustees, i.e., the probate lawyer...
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G
The Voice of Reason



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PostPosted: 20:19 - 17 Jul 2013    Post subject: Reply with quote

Kraft has split - cheers.
I thought it was before the initial audit was taken, but looking at it, it is after.

Quote:
Shareholders as of the record date of September 19, 2012, will receive one share of the new company Kraft Foods Group for every three shares held of the Kraft ParentCo). After the split, the newly formed KRFT will have approximately 531 million shares of common stock outstanding. All shares of the old company will change names to Mondelez International, Inc. and trade under the new ticker, MDLZ. Both companies will trade on the NASDAQ.


It seems they should have one third the shares in the 'new' Kraft and the same number in the old company.
Suspect they may have just 'forgotten' the old company shares. However, not sure the figures quite add up for that - think it was around half gone and about half the value gone.

And yes, that's what concerning hellkat!
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Kradmelder
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PostPosted: 20:43 - 17 Jul 2013    Post subject: Re: Number of Kraft shares reduced - why? Reply with quote

G wrote:
My Aunt and Mother inherited some Kraft shares.

Since the initial probate some time ago, the number (not value per share) has reduced significantly - almost by half.

I can't find any situation where this should happen and they shouldn't receive some recompense or the like?

Can't find anything in relation to Kraft specifically either.

The probate guy is just saying "not a financial advisor, idunno".(Co-Op I believe, generally pretty useless from what I've seen, I'd avoid.)


Be careful of shenanigans. Kraft is as kosher as matzoh. The CEO is Rosenfeld


Quote:
Rosenfeld’s Jewishness is an important part of her life. In 2005 she received the Master of Excellence award from the Centre for Jewish Living at Cornell University, her alma mater. During her speech she recalled the challenges of keeping kosher at Cornell while a student in the 1970s, how she had arranged for a Chanuchia to be placed next to the Christmas tree at General Foods headquarters and confessed a “lifelong love of Judaism which played a key role in my decision to keep a kosher home”.


You know how die Juden organise and profit from stock manipulations and crashes. To invest in something in the hands of kikedom is like trusting your sheep with the wolf.
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chris-red
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PostPosted: 20:54 - 17 Jul 2013    Post subject: Reply with quote

I can check their history when I get to work tomorrow, I look after a database that will have all this info in it.
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G
The Voice of Reason



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PostPosted: 20:58 - 17 Jul 2013    Post subject: Re: Number of Kraft shares reduced - why? Reply with quote

I've found out enough for them to ask an appropriate pertinent question, so should be ok for the moment, cheers Chris.

Even at the lower value, the shares will have gained considerably when compared to inflation or a lot of other investments if you look at the original purchase I believe - but certainly a lot better if these 'lost' shares are found.
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Spudly
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PostPosted: 21:00 - 17 Jul 2013    Post subject: Reply with quote

It may well have split more than once, too.
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G
The Voice of Reason



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PostPosted: 00:56 - 18 Jul 2013    Post subject: Reply with quote

Seems the probate people messed up.

Current quantity of Kraft shares is 1/3rd previous quantity and yes, looking around there is the correct original quantitiy of Mondelez International, Inc shares, which weren't present before the split.

However, previously the quantity of Kraft shares had been presented as one more than the Mondelez International, Inc. shares. Guessing this was a typo somewhere - annoyingly, one which the co-op charged £50 for the single page letter with information probably from google, bar the three important quantities, one of which they got pretty badly wrong.
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MarJay
But it's British!



Joined: 15 Sep 2003
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PostPosted: 09:59 - 19 Jul 2013    Post subject: Reply with quote

Once you get 'em, sell so this can't happen again.
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G
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PostPosted: 12:13 - 19 Jul 2013    Post subject: Reply with quote

I think they will be doing anyway, but should be less of an issue anyway in their 'control' - as they'd get sent the information regarding it.

Also, seems unlikely they will split again, having done a bit of research in to the companies and the like.
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