Selling small amount os shares ?

stylus360

Hi All

I have 53 free shares through company called 'corus' with a certificate. At the moment they are worth about £4.70/£250.

What is the cheapest way for me to sell these. I have read up on selftrade which charges £12.50, but how do i get them into their online account ?

Thanks for any advice as i'm totally new to this.

:beer:

Chrismaths

Given that they are in the process of being taken over by Tata Steel, the cheapest way would be to hang on to them until you get paid out automatically, although this carries the risk that the deal won't go through. In addition the offer is currently only £4.55 per share - but the reason the current price is higher is because the market expects someone else to come in for them. You pays your money and takes your choice.

There are cheaper people than selftrade (I think hoodless brennan do it for about £7) but in general selftrade have a pretty good reputation. You transfer them to selftrade's nominee by filling in a CREST transfer form. Just ask them for one if you open an account.

gt94sss2

stylus360 wrote:

I have 53 free shares through company called 'corus' with a certificate. At the moment they are worth about £4.70/£250.

What is the cheapest way for me to sell these. I have read up on selftrade which charges £12.50, but how do i get them into their online account?

Corus (the old British Steel) is currently in the process of being taken over - as such, if you don't need the money right now, if you hold on, you will eventually be asked to send your share certificate in and 'accept' the takeover offer - after which they will send you a cheque.

The advantage of this is that there are no dealing costs for you but the entire process might take a few months.

If you wanted to sell your shares now using Selftrade instead you need to open an account with them and then complete a CREST transfer form and send it to them (together with the share certificate)

Regards
Sunil

stylus360

Cheers guys, just opened account with Selftrade and ordered a Crest form. Read up a bit on the takover and will wait and see what happens to share price.
Even though the current price is only slightly higher than the takeover price.
With such a small amount of shares the difference is in profit negligable.

equitydealer

If the shares are worth less than £250, it costs £5 to sell with Halifax share dealing.

gazhawkins

Better still - use The Share Centre (based in Aylesbury).

Will cost you 2.50 if the value < 250


That said, you're better off waiting for Tata to buy them off you for 4.55 per share with no commission at all. There's also the possibility of a higher offer from a different company, should they choose to outbid Tata.

Corus have agreed Tata's bid, which makes an improved offer less likely.

cdon

Who would be the cheapest if you didn't want to put it into a nominee account and just sell it as a paper share certificate?

Steve_xx

Hoodless Brennan- £7 per trade and the first months trading is FREE!

http://www.hoodlessbrennan.com/