Shares

jesmin45

I have been left some carillion shares, having never dabbled in shares before I am not sure what to do, I have 169 shares, they were from my late dad and the certificate will now be transfered into my name. Will these be paper shares or electronic shares, im not sure what the difference is?? Would it be wise for me to keep them rather than sell, any advice would be appreciated thanks

cashbackproblems

Most likely they will be paper shares and i think you can sell them through brokers.

The current share price is £3.95 *167 = £667. Thats how much its worth, up to you whether you want to keep them if you think the price might go up but as its a fairly small amount id just cash them in.

jesmin45

thanks for reply, when you sell do the brokers take a percentage?

sabretoothtigger

broker charge a flat fee about 10 or 20

cashbackproblems

jesmin45 wrote: »

thanks for reply, when you sell do the brokers take a percentage?

well i think the cheapest quoted on here before was £25 to sell them outright.

But you can open a free electronic account with iii for example (they are cheapest and best) and transfer them in free, then it'll only cost £10 to sell them. I transfered some shares from my work share scheme when i recently left and the whole process with iii was quick and easy..

jesmin45

I registered with iii and then had to open an account which I did. Now I have not got a clue what I do, to transfer my shares, help please:eek: many thanks

jesmin45

I have found the transfer form which I shall now fill in

Do I need to fill a form for both companies who i have shares with

bobthedambuilder

Log in to iii, click on Share Dealing (List on LHS), then on Transfers, and there's a walkthrough. You will need to wait until you have the shares that you have inherited, to either transfer electronically if they're electronic shares, or to send off if they're paper shares. Once they're in your account, you can sell them online.

You may want to consider keeping the shares - I have some Carillion; they've done quite well over the last 12 months, with reasonable dividends, and as far as I'm aware are still recommended by at least some commentators as a Buy. Putting them in iii doesn't mean you have to sell them straight away or at all - they will just sit in your account and iii will let you know when the dividends are paid, and you can draw the money out.

jesmin45

Thanks Bob, I have paper shares at the moment so I will fill in the form and send back to iii. I also have some paper bg shares which I shall also transfer to iii. Not going to sell any yet, thanks for advice. I have also opened an ISA account with iii and just going to start off with £20 a month, as I said I am new to this, so its a bit daunting!

bobthedambuilder

jesmin, put your Carillion and BG shares into the Stocks and Shares ISA as well - you should have time to get them into this year's allocation. I assume the net current value of both together is less than the ISA limit. Doesn't help with the dividends, but if and when you do sell, there's no liability for Capital Gains Tax.

jesmin45

Blimey this is so new to me, I have now sent off all forms to iii and have set up an account with them, do i now have to wait to hear back from iii with regards to me being able to transfer my shares to them, will they send me any paperwork to say my shares are now electronic etc,