Standard Life Shares

Milarky

Well, I've just checked and it was 'received' on 4th June into my Halifax share dealing account (only opened with the purpose of eventually selling-up in 'real time') However I don't seem to have any way of withdrawing this amount through the 'Cash Management Account' which still shows a '0.00' balance.

Is there any waiting period once share dividends are received? Should I contact Halifax about this or just wait a few more days?

Thanks

I can now answer this question myself: Halifax Share Dealing paid the money (probably on 4th) and it arrived in my current account yesterday (7th) I must have designated an external account to receive dividends from the share dealing one and just forgot all about it (All's well that ends well)

david69_2

shares are going up again , nearly back to where they were last week

epninety

LONDON, June 12 (Reuters) - British insurer Standard Life (SL.L: Quote, Profile, Research) does not expect a planned issue of bonus shares to retail shareholders to spark a damaging stock sell-off next month, the head of its core life and pensions business said on Tuesday.

http://uk.reuters.com/article/UK_SMALLCAPSRPT/idUKL1281510820070612

i_am_stewart

I am an absolute novice with Stocks & Shares... Found out I have some Standard Life shares. Been watching it over the last 2 months. I see that they have hit 350+ twice since. As they are creeping up to the 350 again Is it a good time to sell them?

Any advice is welcomed

Cheers

baby_boomer

epninety wrote: »

British insurer Standard Life does not expect a planned issue of bonus shares to retail shareholders to spark a damaging stock sell-off next month, the head of its core life and pensions business said on Tuesday.

But as Mandy Rice Davis would have remarked............. :rolleyes:

Browntrout_2

i_am_stewart wrote: »

I am an absolute novice with Stocks & Shares... Found out I have some Standard Life shares. Been watching it over the last 2 months. I see that they have hit 350+ twice since. As they are creeping up to the 350 again Is it a good time to sell them?

Any advice is welcomed

Cheers

Do you need the cash soon if so then consider selling soon, what difference is 10 or 20p per shares to your holding, is it going to change your life?

Any investment in single company share is high risk, i.e. Marconi.
You can lose the lot, I prefer funds of shares.

That said we have a significant holding of SL and am happy with the risk of holding these.

350 is a nice round number and as you have noticed it has bounced off this before, others will be thinking the same thing and may be selling into it. As sellers emerge the price is depressed. This is called resistance. However if 350 is breached then new resistance has to be found 360, 380, 400, 450, 500, 1000 etc etc as the years go by.

Conversely on the way down the share will have support where buyers will emerge, maybe 330, 300 etc. There are people who study this - it is called technical analysis (note doesn't have to be round numbers)

Or you could just forget about the month to month price and reap the increasing dividend for the next 20 or so years...

Grey_Squirrel

I received some 'free' shares and was allocated a further amount at a discount, which cost £2700. So my total holding is now worth £8963 at today's price of 348.75. So I have a gain of £6263, even before I receive the next batch of free shares next month.

I'm in no hurry to sell them, but should I wish to, does anyone know whether this full gain would count as a capital gain or is there some exemption for the demutualistion shares?

Any advice on this would be welcome.

agal

Grey_Squirrel wrote: »

I received some 'free' shares and was allocated a further amount at a discount, which cost £2700. So my total holding is now worth £8963 at today's price of 348.75. So I have a gain of £6263, even before I receive the next batch of free shares next month.

I'm in no hurry to sell them, but should I wish to, does anyone know whether this full gain would count as a capital gain or is there some exemption for the demutualistion shares?

Any advice on this would be welcome.

You have an annual CGT exemption of around £9k (£9200 this year I think). So your figures indicate that no CGT would be payable if you sell your shares.

Grey_Squirrel

agal wrote:

You have an annual CGT exemption of around £9k (£9200 this year I think). So your figures indicate that no CGT would be payable if you sell your shares

.

True, except that I have already taken or will take capital gains of £8300 in this financial year not counting Standard Life. So at the moment I do not plan to sell Standard Life until next May at the earliest, if at all.

p.s..................My wife has just reminded me I could always give them to her, probably right there.

MarkyMarkD

There is no "exemption" for the demutualisation shares. Their CGT cost is NIL so any amount earned by selling them is fully subject to CGT.