Royal Mail Shares - Buying is fine, but how to sell?

Ifts

BarrBru wrote: »

You sell them in seconds by telephone (expensive), or on the internet via a stockbroker platform like Alliance Trust Savings, Hargreaves Lansdown and and hundred other companies.

Does not have to be expensive....

Ring395 - Telephone Share Dealing Service:

• Deal in UK shares
• Fixed commission of £3.95
• No hidden charges

http://www.ring395.co.uk/about.html

gadgetmind

I'll probably buy a couple of lots in our ISAs with a view to selling within a few weeks for 5-10% upside as HMG will flog this one off on the cheap.

Vortigern

Ifts wrote: »

Does not have to be expensive....

Ring395 - Telephone Share Dealing Service:

• Deal in UK shares
• Fixed commission of £3.95
• No hidden charges

http://www.ring395.co.uk/about.html

From that site:

• Dealing Commission £3.95
• Transfer in of Shares £5.00 + VAT
• Cash Withdrawal Fee £5.00 + VAT

Does this mean I pay £6 to transfer shares in, £3.95 to sell and £6 to withdraw the cash, totalling £15.95?

Lokolo

Vortigern wrote: »

From that site:

• Dealing Commission £3.95
• Transfer in of Shares £5.00 + VAT
• Cash Withdrawal Fee £5.00 + VAT

Does this mean I pay £6 to transfer shares in, £3.95 to sell and £6 to withdraw the cash, totalling £15.95?

Yes that is correct. So yes, expensive.

chucknorris

gadgetmind wrote: »

I'll probably buy a couple of lots in our ISAs with a view to selling within a few weeks for 5-10% upside as HMG will flog this one off on the cheap.

You may be right but what if they don't set the price cheap and the price falls? Why do you think it is worth the risk? I was thinking of investing but I had expected to see a floatation price and feedback on whether that price was cheap (or not) from the press.

gadgetmind

I won't decide until prospectus is available and could well be wrong regards it being cheap. As for feedback from the press, I guess that will be worth what we pay for it.

Ifts

Vortigern wrote: »

Does this mean I pay £6 to transfer shares in, £3.95 to sell and £6 to withdraw the cash, totalling £15.95?

Yes that is correct if you will need to transfer in stock hence I put the link with the charges in above post.

Ring395 is part of Jarvis Investment Management Ltd, their other nominee share dealing service (online access) http://www.x-o.co.uk/ will let you sell for £5.95 (no transfer in or cash withdrawal costs with that one).

chucknorris

gadgetmind wrote: »

I won't decide until prospectus is available and could well be wrong regards it being cheap. As for feedback from the press, I guess that will be worth what we pay for it.

I may still buy some, but I don't particularly like holding individual shares and wouldn't want to get stuck with them.

2010

HOW TO INVEST
There are two options for investors wishing to buy shares in Royal Mail – directly in Post Office branches, or through an intermediary stockbroker. The list of intermediaries is fairly extensive, including Hargreaves Lansdown, The Share Centre, Redmayne Bentley and Beaufort Securities, with many accepting new clients for the sale. Investors can apply for a minimum of £750 worth of stock (£500 for Royal Mail employees).

“Ultimately, it depends on the initial price,” Taylor says. “If the government is keen to reclaim revenue to help fix government finances, long-term investors may be disappointed by the scope for share price rises.” The group is expected to be valued at between £2.5bn and £3bn, with the shares to be sold estimated to be worth around £1.2bn in total. Of the total stock, 10 per cent will be reserved for Royal Mail employees.

- See more at: http://www.cityam.com/article/1380067062/dividends-will-be-key-royal-mail#sthash.iwTCgIkY.dpuf

gadgetmind

chucknorris wrote: »

I may still buy some, but I don't particularly like holding individual shares and wouldn't want to get stuck with them.

I've got no issue with holding individual shares as part of a balanced portfolio, but they have caused my portfolio to lose balance in the past.

In a nice way.