Royal Mail Shares

drlabman

swardean wrote: »

I sold my shares at 4.29pm yesterday using the equiniti share view website, no account needed.

How exactly did you do that then?

swardean wrote: »

This morning I had the share dealing invoice in the post confirming the sales and telling me my cheque would be sent out tomorrow, 17th.

That was pretty damn quick. So they got a letter in the post to you (our last collection is 5pm!) and delivered in less than 24 hours? Well done Royal Mail!

swardean wrote: »

So overall pretty impressed and efficient, will let you know if the cheque arrives on Friday.

I would be too! I actually have a shareview account from when National Grid shares were held by them, before they moved to Capita, but I wasn't able to do anything with the account. I couldn't add my RM shares to my portfolio because it didn't recognise the reference number. Decided to use the automated telephone service and I guess I will have lost out a little because my shares weren't being sold until 11am today. Humph.

cashvoid121

So you're a bit screwed if you sell using the automated telephone service? The price is guaranteed to drop off before the order is made?

swardean

drlabman wrote: »

How exactly did you do that then?

That was pretty damn quick. So they got a letter in the post to you (our last collection is 5pm!) and delivered in less than 24 hours? Well done Royal Mail!

I would be too! I actually have a shareview account from when National Grid shares were held by them, before they moved to Capita, but I wasn't able to do anything with the account. I couldn't add my RM shares to my portfolio because it didn't recognise the reference number. Decided to use the automated telephone service and I guess I will have lost out a little because my shares weren't being sold until 11am today. Humph.

Instructions on selling without and account in post #1214
Indeed drlabman, postmark was London and still got in Preston next day

mcscoty1973

So for the people who will be getting share certificates, what is the best/cheapest way to sell the shares?

gjchester

swardean wrote: »

Gchester, I did not use the telephone service, I used the website. Extra tenner commission but full control and realtime trading and confirmation

Sorry that was DangerousDave leading me astray...

gjchester

Dangerous_Dave2k wrote: »

So you're a bit screwed if you sell using the automated telephone service? The price is guaranteed to drop off before the order is made?

No. Its likely but not guaranteed. It's also £10 cheaper using the phone, so on your 227 shares the price has to drop 4p per share over what you could have got online for it to make any real difference, so I suspect in these early days phone may be better... I sold mine at noon and the price was actually higher at 3pm despite the minor depressions though the batching so I lost out by doing it online. However I did know exactly what I got at the time, not leaving it a little in the lap of the gods.

sabretoothtigger

mcscoty1973 wrote: »

So for the people who will be getting share certificates, what is the best/cheapest way to sell the shares?

Anywhere you like really, most brokers take a cert free
I have an account that deals me for 50p a time but its annual fee is 100 so it depends where you want to go that is cheapest for you.

pearl123

mcscoty1973 wrote: »

So for the people who will be getting share certificates, what is the best/cheapest way to sell the shares?

I'm interested also in finding this out.

mcscoty1973

Pearl.

Hopefully someone more knowledgeable than me will comment but from what I understand you can transfer the cert into the nominee account free of charge so you/me can trade online. L do not know how long that will take though. Equiniti told me they would send out a form to me today so you might need to phone them.

pearl123 wrote: »

I'm interested also in finding this out.

pearl123

mcscoty1973 wrote: »

Pearl.

Hopefully someone more knowledgeable than me will comment but from what I understand you can transfer the cert into the nominee account free of charge so you/me can trade online. L do not know how long that will take though. Equiniti told me they would send out a form to me today so you might need to phone them.

Thank you. I tried phoning them today but gave up. I'll try again tomorrow. It might be quieter.