Standard Life Shares

epninety

Re: Getting dumped into computershare instead of a share cert...

Got through to a human being at computershare after only about 10mins on hold. That's *almost* acceptable.

They promised to send out a share cert FoC in the post today, second class.

I wonder if/when it actually arrives...

klondyke

I didn't have the energy to call them again today - but I had emailed them several days ago and had given up hope of a reply. Response came this pm - they will be sending certificate.

Yippee

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They do seem to have scuppered any chance of an avalanche of sales by small shareholders. Perhaps people will just give up trying to sell - especially if the share price doesn't show any sign of slipping.

The weblink on the shareguide to the relevant Computershare page is out of date.

The strange symbol immediately to the left of your shareholder number can be variously interpreted. As a result of the potential confusion created, some people seem to have had their account number blocked when they tried to enter it several times to try different combinations :eek: . And it's not clear if you enter the post code with a space between. Whose fault is that? And then you have an 0870 number so you have to pay to sort it out .

Thank goodness I asked for a certificate. It allows you lower selling charges on larger amounts and more control over when / how you sell and at what price.

At least the share price had inched back up to 243p by late Wednesday afternoon . Otherwise there could be even more angry investors out there.

With the FTSE up by nearly 2% on the day (and financials/insurers even stronger) Standard Life slightly lagged behind.

This is what pleased the markets

Fed chief says US interest rates may have peaked and inflation is less of a worry - Guardian

lfcarethebest

I have not purchased any extra shares, but how do i go about obtaining a certificate?

thanks
shaun

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Unfortunately it will now cost you £12 - which may be too high a price, depending on the number of shares you own. Computershare charge 0.5% by internet/post to sell (and 1% by phone). You can sell elsewhere for a flat £15 if you have a certificate.

If you are in the UK, write to

Computershare Investor Services Plc
PO Box 2656
The Pavillions
Bristol
B53 9BG

and say you wish to withdraw from the Standard Life Account & would like a share certificate.

Be warned, while doing this, you could be temporarily giving up your ability to sell until the process is completed.

needmoney

I got the info telling me that i had 200 odd shares and then I didn't do anything about it because I missed the deadline.

I have now received a 'welcome guide' and letter saying

SLplc ordinary shares of 10pence each fully paid

Then below that a grid showing how many shares I have.

Because I didn;t tell them what I wanted to do can I now not ask for a certificate/have to pay for one and why is a certificate so important anyway.

Thanks in advance.

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Computershare will only deal twice a week [Tuesday & Friday] if you sell your shares by post - (cost 0.5% of your holding, but no upper limit )

So you have little control over the price over a 72 hour period. I think, by implication - it's not 100% clear-, that you need to get your letter/form to them by Monday/Thursday 10.00 a.m. for them to deal on the following Tuesday/Friday.

Also you have to provide ID eg a marriage certificate.

If you deal by phone (when you can OK the selling price) the cost is 1% of your shareholding - which is relatively expensive in today's market if you are computer literate.

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A VERY nice rise to 250.75p at 4.52 pm on Thursday .

Link to the Standard Life share price page

Standard Life v the FTSE - Don't you just dig that precipitous late climb on Thursday ? - Is it now the institutions panicking, rather than the members?

Maybe the institutions are no longer so confident of picking up loads of shares on the cheap from panicking members? See how the volume picked up at the end of the day during the rise.

The US Fed Chief's reassuring comments to the Senate yesterday about inflation (and consequently interest rates) may have changed the balance in members' favour. Hopes of lower inflation/interest rates do tend to help financial stocks.

Personal statement - I do still hold shares in Standard Life.

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Hmmm. Member selling pressure could be light for technical reasons.

According to this TMF post the Computershare computer system has crashed due to overuse

That means the only way to do an immediate sale, if you are in the Standard Life Share account (i.e. don't have a certificate) is by phone at the 1% dealing rate (compared to 0.5% on the internet).

According to Computershare on Thursday, the system will be down until Monday.

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A trade of 600,000 shares was made at 8.39 am on Friday for just over 2.52p. The notes said "bargain conditions apply".

This may possibly have been Computershare placing the postal sales it has received this week, in case that applies to anyone here.

Just before 9.00 am the shares reached an all time high of 253p