Selling Shares

jasmin10

I have a number of Rolls Royce shares which I acquired through a share save.

I am waiting for them to come up to a reasonable level before cashing some in. I have a feeling that when I look up the current share price, (currently 309) this would not be the price that I would get for them when sold - is this right? If so where do I go to follow the selling price?

mluton

jasmin10 wrote: »

I have a number of Rolls Royce shares which I acquired through a share save.

I am waiting for them to come up to a reasonable level before cashing some in. I have a feeling that when I look up the current share price, (currently 309) this would not be the price that I would get for them when sold - is this right? If so where do I go to follow the selling price?

IIRC this would be the price you get, less administration fee.

I sold my Standard life shares, less £15 for aministration.

Linton

jasmin10 wrote: »

I have a number of Rolls Royce shares which I acquired through a share save.

I am waiting for them to come up to a reasonable level before cashing some in. I have a feeling that when I look up the current share price, (currently 309) this would not be the price that I would get for them when sold - is this right? If so where do I go to follow the selling price?

There are 3 things that will make a usually very small difference to what you get....

1) Bid/offer spread

The published price is an average of the selling and buying price. For a large company like Rolls Royce the difference will be very small - say 0.75p

2) Broker's commission

This is either a %, typically 1% subject to a minimum fee, or a fixed charge of say £15. This means that for example it is not worth buying/selling 1 share.

3) Actual price when sold

The figure in the newspapers is that pertaining at the close of the previous day. The actual price varies continuously. Also, the published price is an average, your broker may be able to get a slightly better deal.

You can get the latest prices from various websites (eg www.advfn.com but there are many others) where you can enter the Rolls Royce code "RR." (the "." is part of the code). But, unless you are selling online, by the time the sale request gets to the broker the price is likely to have changed.

In practice for a large company like Rolls Royce, the selling price is unlikely to be very different from the value given in the papers.

malik999

jasmin10 wrote: »

I have a number of Rolls Royce shares which I acquired through a share save.

I am waiting for them to come up to a reasonable level before cashing some in. I have a feeling that when I look up the current share price, (currently 309) this would not be the price that I would get for them when sold - is this right? If so where do I go to follow the selling price?

You will get the share price shown at time of sale (share prices move constantly). You get charged a commission/trade fee by your broker

When buying and selling shares it is always better to set your own price.
In laymans terms consider that you have 2 options when buying or selling:
market value or you set a price (limit order)

If you say to the broker sell at market value you are leaving yourself open to variation as it moves around and the broker will not always do whats in your best interest. setting your sale price is the better option.

hth

jasmin10

Just looking at the links mentioned above. The price that I would get. Is this the ones under bid and offer?

malik999

jasmin10 wrote: »

Just looking at the links mentioned above. The price that I would get. Is this the ones under bid and offer?

Thats current market value/trading price (changes constantly).

Have a look here

http://www.google.com/finance?q=LON:RR

You will see todays high and low so far today:

High: 314.50
Low: 299.50

Shares move constantly by the time youve looked at one price its changed to another. So if i put a 'market order' in with my broker to sell today you could get anywhere between 299.50 and 314.50. Thats why market orders are not recommended.

[Deleted User]

right now they are 301 1/4 to sell plus your dealing cost