Can anybody advise whether Telewest is worth investing in yet, I have noticed the shares nudging up slightly although rumours where abound about restructuring the company.

Ian

Glad this share has been mentioned, I have been keeping my eye on it and hoping somebody knew some news on it

Pez

According to the FT, it is expected to merge with NTL.

You're all brave even considering this share!

TWT will most likely merge with NTL in order for them both to survive. Two companies in trouble - being a shareholder of either is not a good place to be when it happens.

A couple of years ago, I held shares in a NASDAQ quoted company, which got bought by a UK quoted company. The UK company then became NASDAQ quoted also, and the shares I held was still NASDAQ quoted. Eventually the UK company decided they didn't want to be NASDAQ quoted, so they cancelled the shares and the holding ceased to exist, and I ended up with nothing. Because the holding was not in the UK, there was no entitlement to the UK shares. (Which incidentally were doing OK)

Don't forget as shareholders, when things go wrong, you are at the end of the queque.

I wouldn't touch at the moment either.

little woman

Can they really take away your shares without compensation?

Yes, why should they pay compensation?

I have a few shares in a company which I used to work for (nasdaq quoted too!) After buying the shares, I looked into it's past and discovered that it was company no 2. (I have wished I had looked into it before buying the shares.)

Company no 1 was orginally issued at $8+ and listed on the Nasdaq. A couple of years later it got into trouble and was sold to company no 2 (of the same name ironically, but with 2 next to it!) and was delisted. I don't think the orginal shareholders got anything after all the creditors were paid off.

Company no 2 then was reissued @ $4+ a share and listed on the Nasdaq. The company has since got into trouble again, and had a rights issue, which no one took up, except the Chairman, who was given the right to take up all the other shares not taken up. He used to own 20% of the company. Now he owns 80% of the company. The other 80% he orginally didn't own is now worth only 20% of the company. Can you see where this is heading?