Royal Mail Shares

Lucy_Lockett

Certificate arrived and sold at 498p at 11.30 with £45 charge, net proceeds £1,085 so gain £336.

Vortigern

inflationbusting wrote: »

Is there anywhere cheaper to sell or a better way?

You will see many references to X-O in this thread. Read them.
Bear in mind that cheaper may be slower. Your shares could lose £45 of their value while you're arranging a cheaper way to sell

pearl123 wrote: »

Can anyone tell me what this means.
"Choose which settlement period you want this can be from 3 days to 25 days."

T+3 is the norm. Essentially it means if you sell the money should be in your account in 3 days.

Be_Happy wrote: »

I've received my share certificate and plan to hold on to shares. Paperwork mentions going on to www.shareview.co.uk to register details online. Does this mean I'm opening a nominee account?.

No. It will allow you to view your holding and view/change the bank to which dividends will be paid. You'd have to return your certificate and a form to use the nominee account

Secondly is there a way of choosing 'dividend reinvestment'? I realise there are dealing charges when reinvesting. With such a small reinvestment would this be worthwhile and how would I arrange this?

I haven't looked for this, so as far as RMG goes you'll have to do your own research. Equiniti do offer dividend re-investment for some of the shares for which they are the registrar. You would have to pay stamp duty on purchases and possibly a fee. The fee may mean that it's not worthwhile if you hold a small number of shares.

Be_Happy

Thanks Vortigern that answers my two questions.

mcscoty1973

Thanks Vortigern for a very useful post :-)

Vortigern wrote: »

You will see many references to X-O in this thread. Read them.
Bear in mind that cheaper may be slower. Your shares could lose £45 of their value while you're arranging a cheaper way to sell



T+3 is the norm. Essentially it means if you sell the money should be in your account in 3 days.



No. It will allow you to view your holding and view/change the bank to which dividends will be paid. You'd have to return your certificate and a form to use the nominee account

I haven't looked for this, so as far as RMG goes you'll have to do your own research. Equiniti do offer dividend re-investment for some of the shares for which they are the registrar. You would have to pay stamp duty on purchases and possibly a fee. The fee may mean that it's not worthwhile if you hold a small number of shares.

shaks08

Could someone please help me, I am trying to sell right now via certificate to shareview, but they are charging £67 commision instead of £45...am i doing something wrong

pmjenkins

I thought I ordered Royal Mail shares in certificate form. I received a letter today without an obvious certificate (a summary page with a footnote stating that it wasn't a certificate, and a form with space for 4 signatures for selling). Would the certificate arrive separately?

I have access to the Equiniti Shareview web site and I can see my shares listed but no explicit indication that they are in the nominee share service or not. Any idea what I should look for to confirm that a certificate is due?

abathingape

Anyone got their cheque from Equinti (Shareview) yet?

I expected today (T+3) as it stated it would be posted on T+2 in the confirmation letter. Not got anything and the postman has been and gone.

Antimoron

I'm transferring mine to Charles Stanley Direct for free - then selling at
£10 per trade.

gevans35

Vortigern wrote: »

You will see many references to X-O in this thread. Read them.
Bear in mind that cheaper may be slower. Your shares could lose £45 of their value while you're arranging a cheaper way to sell.

Very true, but in our case, being out of the country from early next week, for two months, we don't have the option to sell today because the Crest forms may arrive after we have left.

One chap at Equiniti told us this morning that the Crest forms are not necessary and we can sell on the telephone line today for a £45 fee and just pop the certificate in the post to them. The girl on the telephone trading line said that was nonsense and that we must wait for the Crest form and contract note and send the certs back with the Crest form. She also said that the fee was £50 not £45.

Why do all Equiniti employees contradict each other?

Vortigern

shaks08 wrote: »

Could someone please help me, I am trying to sell right now via certificate to shareview, but they are charging £67 commision instead of £45...am i doing something wrong

This doesn't seem right. £17 is approx 1.5% of the value of 227 shares, £50 is their normal minimum price for telephone dealing.
50+17=67 but that's not what they should be doing.

Were you selling online or on the phone?