Sell Baa Without Account

a&akay

I want to sell 220 (110 + 100 +10) BAA Ordinary without having to set up a share account ie sell, then send off share certificates to broker . Can I still do this? Cheapest site?

plumb1_2

a&akay wrote:

I want to sell 220 (110 + 100 +10) BAA Ordinary without having to set up a share account ie sell, then send off share certificates to broker . Can I still do this? Cheapest site?

you want be able to do this, as they will need to see the paper certificates, best go to Natwest Bank, think they charge £25.

ReportInvestor

Congratulations on holding onto your privatisation shares .

If the rumoured Spanish potential bidders triumph they may offer cash - with no dealing fee.

Obviously no guarantee.

cloud_dog

You may want to consolidate your share holding into one certificate before going to the bank. I'm not sure if they will charge you for each certificate transacted. You can download a consilidation form from the BAA registrars website and it shouldn't cost you anything.

cloud_dog

equitydealer

You can sell your paper shares through Lloyds TSB as they are the registrar for BAA. Their commission charges are one of the lowest for paper sharetrading, starting from £15.

No need to register, just type in your shareholder info found on your certificate and sell in real time!

http://www.lloydstsb-shareview.co.uk/dealing/

ReportInvestor

Pause for thought?

Scotsman

BAA up another 4% to £8.10 as a Spanish bid looks more likely

".....Analysts at ING set a bid valuation of 889p. "Given the recent appetite for infrastructure plays with stable growing cash flows, we do not see this bid disappearing. In our view, there will either be a successful bid, or a successful balance sheet-restructuring-based defence," it said in a note....."

As always in bid situations investors have to decide whether it's better to travel than arrive, to sell on the excitement or wait patiently for the anticipated bid.

But the Times reports that, unusually, the top 20 shareholders have recently increased their stake from 46% to 50% of the company.

Patience Wheatcroft

Investors in for the long haul at BAA

".....It now places the company in something of a quandary if it were to have to fight off a takeover bid. While it may wish to extol to shareholders the fat prospects that lie ahead, that could backfire with the regulator. Any bidders will also have to beware of the power of the regulator. The Office of Fair Trading would have to examine any potential takeover of what is, effectively, a monopoly in the UK and be reassured that the bidder would not have plans that would adversely affect customers...."

".....While British companies appear under seige from overseas, it would be encouraging to think that investors might decide to back Mr Clasper to do more deals such as Budapest rather than succumb to a bid."

a&akay

Sold at 822p with low charges. Thanks to EquityDealer. Time will tell!