BT shares / EasyShare / Equiniti

alanwsg

I'm not convinced I can sell them for £6 whatever I do.
I don't have certificates, they're held in a shareview account, hence the letter from them.

Vortigern

alanwsg wrote: »

I'm not convinced I can sell them for £6 whatever I do.
I don't have certificates, they're held in a shareview account, hence the letter from them.

There would be a cost involved in transferring from Shareview/EasyShare to X-O, but probably not as much as £60.00

grey_gym_sock

ah, there's probably a charge to transfer out of shareview into another nominee account (e.g. x-o's).

so find out what it is, and compare the transfer out charge + £5.95 to £60.

(or there are other brokers similar to x-o.)

barak

alanwsg wrote: »

.....I don't have certificates, they're held in a shareview account, hence the letter from them.

People holding certificates also receive these offers to sell, buy more or give to charity.

C_Mababejive

The offer is a plain ripoff and a poor deal. I'd hang on to BT shares as they are a surefire winner IMHO.

alanwsg

"surefire winner", hmm ... where's your crystal ball?

The last time I sold any I got £12.67 a share, paid off my mortgage with them.
Hey ho, that's the stock market for you!

Easyshare seem to charge £10 to transfer a stock out (the information isn't easy to find), so I can sign the form, send it back and wait for my cheque OR Open an account with X-O, sort out the stock transfer, pay for it somehow (how?), sell the shares and somehow extract the dosh from X-O into my account,

Hmm, is it really worth the time and hassle to save £45?

sabretoothtigger

Transferring a stock between nominee accounts takes upto a month usually. Its your choice, but I think most of us would like to get £45 for 'free' hence the name of this website.

BT a surefire :laugh: They done well recently, I'd expect them to develop more then advance outright for the meantime.
Good regular gains for 4 years but its nearer to a top then bottom within that trend
10 PE ? should probably judge them on fundamentals and business prospect, do they do business in asia or anywhere less stagnant then uk

C_Mababejive

I meant surefire within a reasonable range. They are a major infrastructure company in a growth industry. The whole 4G malarky has gone off like a damp squib and people still largely and for the forseeable future will rely on tethered data connections. Meanwhile BT are steadily shoving more and more fibre in the ducts at cabinet level and shoving more services down it. The whole spectre of the pension scheme has all but been put to bed and there is some degree of inflation buffering in their costs. Divi is good too. Having said that, Im a long term holder and only buy new stock currently via DRIP.

alanwsg

Ignoring if it's right to sell or not at the moment, I've just been looking at Shareview's normal charges...

Their standard rate is 1.0% with a £15 minimum,
(From here https://www.shareview.co.uk/Products/Pages/ShareviewDealingRatesandCharges.aspx , I think it's the "Corporate Sponsored Nominee" rate)
So selling say 5000 @ £2.70 seems to cost around £135.
Is that right, or have I got my sums/info wrong?

It seems a huge difference over £4.95 from X-O, I realize different companies will offer different rates but the increase seems too big to be credible.

With a bit of effort I may be able to beat the £60 rate offered in the letter, but it's still pretty good in comparison with £135 via their normal service.

sabretoothtigger

C_Mababejive wrote: »

I meant surefire within a reasonable range. They are a major infrastructure company in a growth industry.

Yes I agree to that extent, I would not call it overvalued or 'a sell'.
I would generally favour VOD or TEF like I said I own much more of that. To sell now especially is probably unfair but it also depends on what would be bought instead of BT and there is better most likely; just holding cash instead is nonsensical

too big to be credible

Its just who they are, they rely on like what you said 'can I be bothered'. Mainstream, this is their target market and they aim to be uncompetitive, xo is the diametric opposite

5000 @ £2.70

percentage based fees make sense for people with like 30 shares. I have relatives with that much holding from the IPO still (If they had sold around 2000 like I said it'd have amounted to something), fixed fee is better in any quantity