I currently work for a large company, the biggest in it's market. And they've recently introduced a new share scheme.
Between £5 and £40 a month contribution, for every share you buy, you'll get two free.
The current share price is circa £3.51 as of yesterday.
I've never bought shares before, and only held the "free" ones the company give as part of my annual bonus and pay increase. We're not getting free shares this year, instead have been introduced to this scheme.
Am I right in thinking, that technically, if we are looking at around £3.51 a share currently, in order to loose money on this, on the basis we get two free (£7 roughly - circa £10 in total shares per month) then our company share price would have to dip below two thirds of £3.51 for you to loose money?
Wondering if this sort of scheme is worth it?
I know you can't predict where a company is going and how strong a share price would be, but for instance the lowest I've ever seen our share price in 9 years is circa £2.10, at a time our loss ratio was up towards 80%!
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