BT shares / EasyShare / Equiniti

alanwsg

Had a letter out of the Blue from BT Group saying it had arranged a "Quick & easy" share dealing service with Equiniti for buy or sell BT shares. Has to be actioned before 18th April.


I've had BT shares for donkey's years but never had a letter like this before, just wondering what might have triggered it.
Any idea why now?

C_Mababejive

I think they are just trying to offload those shareholders who have small volumes. also i think the fees charged will not be that special.

alanwsg

It's 10p/share up to a max of £60

Sparky47

alanwsg wrote: »

It's 10p/share up to a max of £60

Not a very good deal, their standard price for selling certificated shares online is 1.5% subject to a minimum of £40.
At the current price of BT shares of 267p, 1.5% is 4p /share.

Unless you have more than 1000 shares you will only pay £40 at their standard price, and you can probably sell them cheaper elsewhere.

sabretoothtigger

Im not sure now is best time to sell BT.

IPO gifted to me, I asked for them to be sold over a decade ago as I worked for them and realised their unfortunate circumstance. Still got them, the offer is ok for very small sellers I guess but many fund managers see them as a core holding.
They sold their mobile division to Telefonica, far better yield and prospect I reckon

alanwsg

I do have more than 1000 shares and the £60 cap makes it a pretty good deal saving a couple of hundred quid on the dealing charges.

I'm retired now and the letter just appeared out of the blue and made me think maybe it's time to sell them. The current value is the highest they've been since 2007 or so and they were down to less than one third of it in 2009.

dzug1

I've seen these letters before - not sure how they decide who to send them out to but they are not really new.

Gadfium

alanwsg wrote: »

The current value is the highest they've been since 2007 or so and they were down to less than one third of it in 2009.

They went to £2.81 a couple of weeks ago...

sabretoothtigger

alanwsg wrote: »

I do have more than 1000 shares and the £60 cap makes it a pretty good deal saving a couple of hundred quid on the dealing charges.

You can sell certificated shares for 5.95. Three steps I guess, setup an account
Transfer paper stock to that (nominee) account, no charge
sell - 5.95 is what XO charge

Vortigern

alanwsg wrote: »

Had a letter out of the Blue from BT Group saying it had arranged a "Quick & easy" share dealing service with Equiniti for buy or sell BT shares. Has to be actioned before 18th April.

Me too. Seems v expensive cf X-O. Letter and form shredded.

I've had BT shares for donkey's years but never had a letter like this before, just wondering what might have triggered it.
Any idea why now?

Don't know why for BT. I used to get similar offers for small holdings in the Scottish Electricity companies, but my holding in BT is large enough to hit the £60 maximum charge

talexuser

Selling your shares for £60 when you could sell them for £6 is not really maximising your profits :rotfl: