Standard Life Shares

Pav

im sure this must have been asked in all the pages of this thread so forgive me if it has
i hold around 220 shares so only about £600 worth - buying a new hosue soon so was thinking of just selling them and usuing the money towards a deposit - I dont have a share certificate so would sell them through standard life share dealing online? Is that the best / only way?
Also how much is the dividend payment likely to be?

ReportInvestor

You are best selling through https://www.computershare.co.uk online. They charge 0.5% but their minimum charge is £15 would apply in your case.

To get a share certificate so that you could sell elsewhere would cost you £15 anyway.

Click on the link
Find "Shareholder services"
Click "Share dealing"
Scroll down
Insert "Standard Life" into the empty drop down box at the bottom of that page
Click on the "internet dealing" link

Have your shareholder number and Computershare paperwork to hand first.

Enjoy your Christmas bonus . Money towards a deposit is a good investment - especially as it can help get you a better mortgage deal and so reduce the interest rate on your entire mortgage.

I wouldn't be influenced by the dividend as the share price will be adjusted (downwards) by the market makers when the shares go ex-dividend.

bugbod

I wasn't charged for my share certificate, I just phoned SL and asked for it:D

pauliepie

ReportInvestor wrote:

Have you got a share certificate?
Have you got a largeish share holding?
Have you got an account set up already with an existing internet broker?

If the answer to the above three questions is "no" then you may be best going through the Computershare selling process on the net which charges 0.5% commission on the sale proceeds.

https://www.computershare.co.uk

You should get your money within about three weeks.

With a large holding it may be best to get a share certificate from Computershare (cost £15) & set up a dealing account with a cheap online brokert for a flat fee of, say £12.50).

But this will take time & effort.

---

Thanks for the reply....

1.Yes, I have a share`s certificate.
2.I have only the standard shares.
3.?. Does EGG banking mean internet broker?

WHAT DO YOU THINK?

Many Thanks

---

gt94sss2

pauliepie wrote:

---

1.Yes, I have a share`s certificate.
2.I have only the standard shares.
3.?. Does EGG banking mean internet broker?

---

As you already have a Standard Life share certificate, the cheapest way of you selling the shares is via Selftrade who charge £12.50/trade

The reason I suggest them, over one or two other brokers who are cheaper is that Selftrade will also give you £50 if you are referred by an existing customer (who also gets £50).

As such, you would make an additional £37.50 (£50-12.50) profit on the deal!.

The whole process of opening an account and sending your shares to Selftrade should only take a couple of days and then after selling, it would be 3 days before you could access the money.

Of course, I would be happy to refer you if you wish

(If anyone does did not already have a certificate, I would not advise this if you need the money quickly as you would need to wait for Computershare to send you a share certificate)

Regards
Sunil

pauliepie

Just to clarify on "certificate"

I have a share account statement with standard life letter heading?

Is this the certificate?

cheers
paul

Belfastbelle

Just to pass on my experience of selling some of my S/Life Shares:
(I had statement - not certificate)
Registered with C/share on a Thursday Night.
(Registration had to be attempted a couple of times- server busy tho)
Sold some shares using the online links on the site
Got written confirmation through post by Sat (didnt have to send anything back)
Cheque arrived the following Sat
(transaction fee 15pounds)
Put it in my BANK ACCOUNT (cleared within 4 w/day)
Christmas is coming -so ......:j

....if you use a computer - sell online-no point in telephoning

gt94sss2

pauliepie wrote:

Just to clarify on "certificate"

I have a share account statement with standard life letter heading?

Is this the certificate?

I'm afraid that "share account statement" sounds as if Computershare hold your shares on your behalf and its not a share certificate.

Share certificates are labeled 'Ordinary Share Certificate' and you had to tick a box on the application form to get one - it wasn't the default option.

This means that you are either stuck with selling via Computershare or you can pay them £12 or £15(see Other Services) and Computershare will send you a share certificate (note: bugbod says they got it free but that might only have been a special offer for the first few weeks?)

If you do choose to get a share certificate from Computershare, then you are free to sell them via whichever broker you choose. I believe that Selftrade (if you choose to use them) will also refund you the £12/15, in addition to the referral, if you show them proof that you have paid this charge..

However, I don't know how long Computershare take to produce share certificates which may be an issue if you need the money very quickly though the larger the shareholding is the 'cheaper' it is to do it via someone else rather than Computershare if you can.

Regards
Sunil

ReportInvestor

Government U-Turn blow to pensions

The budget's perceived attempt to restrict the "abuse" of ASPs was a factor that counted against the Standard Life share price yesterday.

If you look in the pension section, though, EdInvestor is not as convinced as the market or our IFAs that ASPs have been killed off.

ReportInvestor

More sector consolidation rumours

Prudential was up sharply on Thursday after a broker note saying that it was likely to sell its UK business.

Standard shares didn't seem to react to this one way or the other .

Prudential v the FTSE100

Times story - Pru shares boosted as chief lines up UK sale

".....Mr Pearce [for the broker] wrote that the Pru was likely to set a price of 124 per cent of its embedded value, valuing the UK business at about £6.9 billion. Embedded value includes all of the premiums the insurer has received up to the current date, as well as future profits on that business.

“We think that there is a good chance of a disposal of the UK life operation within this range,” the note said......"

## - IIRC - Standard Life reaches 120% embedded value at around 290p per share.