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Share Dealing Discussion Area

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  • gt94sss2
    gt94sss2 Posts: 6,081 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    thanku1 wrote: »
    Considering the drop in shares prices in banking sectors I am thinking of taking a long term investment and buy £8,000.00 worth of shares in say barclays of hsbc.
    Could you please tell me which is the quickest and cheapest way of carrying out this transaction.

    The quickest/cheapest way of buying shares in a company would be to open an account with an online broker - this can be done pretty quickly.

    For instance, you can join Selftrade online in less than 10 minutes and trade immediately - funding your account via a debit card. They also have no inactivity or annual fees with their standard dealing account - which is something some brokers charge but what you would want to avoid if not trading frequently.

    They charge £12.50/trade but also have a referral scheme where you could get up to £80 (my details are in post 242 in that thread) for joining them - which means if you are only making one trade, you would make money there as well!

    Regards
    Sunil
  • The article on share dealing does not yet mention Hoodless Brennans new £5 per Quarter charge, which is waived if a trade has been made in the previous quarter.
  • Hi, my wife has saved for 3 years in a company share save with vodafone, she has them saved online with the halifax. We are now wanting to sell them but they are charging a £15 transaction fee and a wopping 4% fee for the broker. Is there a cheaper way of doing this ie: transfering to a cheaper broker who only charge 1%, we are looking at about £9800 in total.

    cheers steve
  • gt94sss2
    gt94sss2 Posts: 6,081 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    sted wrote: »
    Hi, my wife has saved for 3 years in a company share save with vodafone, she has them saved online with the halifax. We are now wanting to sell them but they are charging a £15 transaction fee and a wopping 4% fee for the broker. Is there a cheaper way of doing this ie: transfering to a cheaper broker who only charge 1%, we are looking at about £9800 in total.

    As I mentioned a few posts ago, you can join Selftrade and transfer your shares to them.

    They have no inactivity or annual fees with their standard dealing account - which is something some brokers charge but what you would want to avoid if not trading frequently.

    They charge a flat rate of £12.50/trade but also have a referral scheme where you could get up to £80 (my details are in post 242 in that thread) for joining them - which means if you are only making one trade, you would make money there as well!

    In addition, if you are transferring shares to them from another broker (i.e. Halifax) Selftrade will refund any charges that your existing broker will charge you to move the shares to them.

    Regards
    Sunil
  • HI

    Unfornately I missed the deadline to sell my alpha airport share's to "auto grill", basically what happens now to my shares? I know that AutoGrill where successfull in their bid by gaining 90% of the share uptake?

    Thank you for any help/advice

    alex
  • I was sucked into a couple of flotations last year by Cornhill and they are dogs. I want to sell but Cornhill say there is no liquidity. I thought that the market maker system meant that shares are always tradable. Are they right or are they pulling one.
  • gt94sss2
    gt94sss2 Posts: 6,081 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    AL3XANDER wrote: »
    Unfornately I missed the deadline to sell my alpha airport share's to "auto grill", basically what happens now to my shares? I know that AutoGrill where successfull in their bid by gaining 90% of the share uptake?


    You should still be able to accept the offer. Contact Alpha Airports or

    Lloyds TSB Registrars
    The Causeway
    Worthing
    West Sussex BN99 6DA
    Telephone: 0870 600 3970

    Regards
    Sunil
  • When do the registrars of the share count shareholder for the dividend is itthe start of the Ex div date or the end?

    I am guessing the end.

    Just wanted to check before making a costly mistake of selling before the div payout.

    Thanks

    Wai
  • If a company is bought out by another what happens to the share certificates of the company being bought? Do they just cease to be valid and no longer exist?I have shares in a company which most people know aren't doing well right now.Thanks.S.
  • gt94sss2
    gt94sss2 Posts: 6,081 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If a company is bought out by another what happens to the share certificates of the company being bought? Do they just cease to be valid and no longer exist?I have shares in a company which most people know aren't doing well right now.Thanks.S.

    It depends on the takeover deal - if you have paper share certificates sometimes you need to return them to accept the takeover deal, at other times they just cease to be valid and you can frame them :)

    Regards
    Sunil
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