Standard Life Shares

plumb1_2

Lady_K wrote:

I was going to just sell but I'm thinking to save and wait for a while now but not sure which is best, certificate or share account? Does it cost anything to have a share account or certificate? I'm not experienced with shares. Do you gain any interest while keeping these shares? I got 485. Not sure if to sell them and put them in a high interest account instead if they sell at £2.20 that works out at £1067 do I lose anything off that amount too?



Anyone have any advice for me please?

This is not advice just my opinions

With SL share account, it will cost you £15 to sell, and if you want the certificate at a later date they will charge you £12 admin charge.
No it cost nothing for the certificate, if you tick box 5 and ask for it now.

If you have the certificate you can then transfer it into any online brooker and sell for less than £15, prices from £7-£15. And you can choose when to sell and what price to sell.


I am not trying to ramp my offer, as there are a few other members offering this you can choose, if you think you are interested.
http://forums.moneysavingexpert.com/showthread.html?t=91587&page=9
There is a offer of FREE £75, when using Squargain to sell your shares, they charge £12.50, HB charge £7, but with the free £75, you are still quids in.
There is no need to use my offer.

Lady_K

It looks good but it all sounds a bit too complicated for me...

If I sign to sell do I get the money once sold sent to me by cheque as they havent asked for my bank details. Ir would they pay it straight into the account my endowment mortgage is paid out of?

plumb1_2

Lady_K wrote:

It looks good but it all sounds a bit too complicated for me...

If I sign to sell do I get the money once sold sent to me by cheque as they havent asked for my bank details. Ir would they pay it straight into the account my endowment mortgage is paid out of?

If your want a cheque, leave step 1 blank on your form.

As for being complicated, i asure you it not, see here http://focus.squaregain.co.uk/en/faqs/index.html, but the site is down until monday 7-30 am

Lady_K

I had to sign to sell because I didnt want to leave it too late to post. I would have liked to have held on to them in some ways just for the fun of the ride but its perhaps better for me personally. I'll just put them in savings and earn a bit of interest.

I am sure if I had known about that earlier I would have had more time to fully understand it and saved them but I've been very busy all week with other things and this got left to one side. Whatever happens happens now

ReportInvestor

There are some widely varying opinions being expressed by financial commentators over the last ten days.

Midas in last Sunday's Mail came close to suggesting that it was "fill your boots" time.

But today's Sunday Times Money says keep your chequebook in your wallet until small shareholders have sold out and the price has consequently fallen to under 200p.

They can't both be right.

See here for a full range of recent views

There are still so many variables e.g.

The price to be set.
The number of shares bought by small shareholders.
The initial reaction of those small shareholders in the first days of dealing.

rabialiones

after having read all these posts, (dont want to sound ignorant), i'm still not any wiser, just abit more confused as to what step to take next - time is running out, my biiiiiiiiig envelope is still lying there staring at me!!

agentzoonie

Well, we're totally bamboozled.

Other half is allocated 1048 shares, I am merely offered the opportunity to purchase the shares at a discount.

If he sells, it wont really make much difference, we don't need to pay off loans or anything like that.

Plan 1 is that he just sits on the shares - whatever happens to them, they're 'free money'

Plan 2 is that he sells his shares (the so called free money) and I buy some at a discount, which are also then effectively for nothing (it being more advantageous for me as the low income earner in the family, to hold the shares)
We can then sit and wait to see what transpires, and hold or sell in our own time.

Plan 3 is that he sells, and we just forget what SL go on to do.

Any comments please?

skintchick

I haven;t got any free ones, just the offer to buy at 5 per centdiscount. But you have to buy at least £1,000 worth. And I don;t have that money to tie up in shares, so I'm not going to buy any.

Id' have gone for £500, but I simply cannot afford a grand right now.

ReportInvestor

One problem with agentzoonie's plan 2 is that you don't know how many shares you will be left with. Whether you get the full amount requested or just a fraction depends on investor demand for the shares.

If people are still confused, then the professional advice is not to buy more - otherwise you will just end up bitter if it goes wrong.

Here is Paul Farrow in the Sunday Telegraph

"....If you have some spare cash and believe that Standard Life can resurrect its fortunes, then it is a buy.

But if you are thinking of buying extra shares just because there is a "sale ends on Wednesday" label attached - don't."

thewiseoldbird

Does anyone know how the share allocation is calculated and if it is fair/correct etc etc? If you call the 'helpline' you get gobbledygook: 'think of a number, add 7, divide by the number of moons on Saturn, take the first number you thought of away' etc etc. Given that Standard Life aren never too clever at doing their sums it wouldn't surprise me if this one has an error or two in their favour.

I have been allocated a total of 480 shares for a supposed £40k with profits policy taken out in 1991. Reading press articles along the way, the illustrations were suggesting that a share allocation for a policy of this size would be double this but where were the financial journalists getting these figures from - Standard Life press releases perhaps?

Getting press articles to state that typical share allocations were over optimistic would have been rather useful in helping get the yes vote bandwagon under way, but then haven't we come across over-optimistic projections somewhere else before?