Standard Life Shares

glennhalstead · 20 June 2006 at 10:26PM

Hi folks, My first post here and I'm not too finance savy so please be gentle :-)

I recently changed companies and my pension moved to Standard Life - hence I've received an offer from them to allow me to buy shares at the forthcoming floatation at a 5% discount.

I've never bought shares before but I'm thinking of investing £4000.00 as it always seems that the share price immediatly rises wiht these large floatations.

I'm looking to make a fairly quick profit rather than a long term investment as this is cash I have earmarked for a replacement car but we don't need it urgently.

Does anyone have any advice?

I've see that the stock market has been a little bit troubled in recent weeks.

many thanks

Glenn

kerryallc71 · 21 June 2006 at 9:26AM

i know i got my letter this morning to say about buying and selling my standard life shares ive only got 239 shares if i keep them for another year i will get 11.95 extra in shares that adds upto £677.56 in cash if they float at £2.70 per share. but if i cash in my shares now it will give me £645.30 plus there is a £10.00 deduction cost. that is 1 extra share for 20 shares i have - if you keep your shares for an extra year.

im not sure what to do ? i would also like to purchase a few more shares i know the minimun is £1000.00 i know there is a 5 % discount. i would like to invest just the £1'000.00 for my 4 children when they are older , they each have individual savers accounts at the post office not much in them , eldest 11 years old and youngest 7 months old.

i would like to know the cost of buying extra shares i to have never bought shares. my yougest three have those goverment childrens investment savers accounts.

please help.

if anyone has more info on cost or problems encounted with buying additional shares.

thankyou

from kerry.

tracer · 21 June 2006 at 11:25AM

got my letter this mornin, 208 shares. where did you get the figure of £2.70 from? if its anywhere near that then i'l be selling and putting it into my isa savings.

my first post here too, but been lurking for a while, nice forums, great advice to be had.

cheggers · 21 June 2006 at 11:46AM

kerryallc71 wrote:

i know i got my letter this morning to say about buying and selling my standard life shares ive only got 239 shares if i keep them for another year i will get 11.95 extra in shares that adds upto £677.56 in cash if they float at £2.70 per share. but if i cash in my shares now it will give me £645.30 plus there is a £10.00 deduction cost. that is 1 extra share for 20 shares i have - if you keep your shares for an extra year.

im not sure what to do ? i would also like to purchase a few more shares i know the minimun is £1000.00 i know there is a 5 % discount. i would like to invest just the £1'000.00 for my 4 children when they are older , they each have individual savers accounts at the post office not much in them , eldest 11 years old and youngest 7 months old.

i would like to know the cost of buying extra shares i to have never bought shares. my yougest three have those goverment childrens investment savers accounts.

please help.

if anyone has more info on cost or problems encounted with buying additional shares.

thankyou

from kerry.

I believe there no costs for buying additional shares at a discounted price if you entitled to windfall shares. Probably best to keep them in standard life's share account. My advice is read your litrature that you should have been sent.

Beancounter · 21 June 2006 at 11:48AM

According to press reports at the weekend the epected range of price now is between 219p and 240p

My wife received her pack this morning and she will get 480 shares. They are doing a flat rate share dealing service too, £10 for each deal if you decide to sell.

ginger_nuts · 21 June 2006 at 11:48AM

Tracer welcome to MSE ,The exact figure isnt known yet but it is likely to be between £2.40 & £2.70 .

bootman · 21 June 2006 at 1:47PM

Reading the blurb, If I keep them and buy more should I be asking for a certificate instead of the share account. Says after August you will be charged to close the share account but I guess the cerificate is free.

Chrismaths · 21 June 2006 at 4:12PM

...But more difficult and expensive to sell. Best option probably to take the certificate (if you are not selling) then get it dematerialised at a cheap online broker.

Boohbah · 22 June 2006 at 3:05PM

Received my pack today, 715 shares.

I would be interested to hear Martins take on this subject.

VickyM_2 · 22 June 2006 at 3:27PM

My faith in Standard Life being what it is, after the whole sorry saga of the last few years, I think I'd rather have the cash in my savings account as soon as possible, rather than keeping the shares and getting a small dividend every now and then. Given the state of the stock market tho, the timing is cr*p, but that just seems strangely typical of everything to do with them!

And once I've got my shares the endowment is going too...

Terry_D · 22 June 2006 at 3:33PM

VickyM wrote:

My faith in Standard Life being what it is, after the whole sorry saga of the last few years, I think I'd rather have the cash in my savings account as soon as possible, rather than keeping the shares and getting a small dividend every now and then. Given the state of the stock market tho, the timing is cr*p, but that just seems strangely typical of everything to do with them!

And once I've got my shares the endowment is going too...

I got 890 shares but that's nothing compared to the £10k shortfall they promise me. Hence, my windfall will go straight off the mortgage - not worth changing now as it is up next year.

Standard Life Shares

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