Who shall I sell my shares through??

devmcc

Hi all - I am looking to sell some shares that I have had forever!! I have just had new certificates issued by the registrar with my current address on... who is the best company to sell these through - they are only worth around £3000... thanks for any tips.... :T

Eoin_McLove

http://www.pritchard.co.uk/

gt94sss2

I would recommend that you join Selftrade - they charge £12.50/trade to buy/sell shares.

After joining them, you would simply need to fill in a CREST transfer form per company you hold and send the share certificates to them. Once they have been registered against your account, you can sell them at any time. This process takes about a week.

They charge no annual fees or inactivity charges for their standard dealing accounts, so it doesn't matter if these are the only shares you own and won't be buying any others.

In addition, Selftrade also have a referral scheme where you could get up to £80 (if interested, my details are in post 242 in that thread) for joining them - if the shares are all in one/a handful of companies you would even be making a profit on selling the shares!

Regards
Sunil

Geoffo_M

Eoin_McLove wrote: »

http://www.pritchard.co.uk/

There is no mention of their dealing costs on their website. And it looks like they specialise in portfolios, not execution only.

lopbri

try http://www.thesharecentre.co.uk, i use them reasonable costs,check out the website

Eoin_McLove

Geoffo_M wrote: »

There is no mention of their dealing costs on their website. And it looks like they specialise in portfolios, not execution only.

They do offer execution-only services. They take commission of 1%, if I remember rightly.

They're one of my firm's audit clients. Very highly-respected, I assure you!

Aegis

You can get a flat trade of £12.50 from Selftrade, so that's a better offer if you're trading anything more than £1250. Plus if what was said above is correct, anything over a certain share value being moved into them nets a referral benefit if you know where to look (wish I had a few weeks ago!), so it might even be better going with them for lesser amounts.

johan_2

<P>Hi- Have you checked out your bank for selling shares might be cheaper there, for existing customers, might be simpler to trade there too, don't need hassle of lost certs in post etc, if you know what i mean. Also you will get real time prices so can walk away if you don't like what you see, in the lap of the god's if you send cert away and have to accept what they give you, hope this helps.</P>

Aegis

You certainly don't have to accept any offer from somewhere like Selftrade. Sending in your certificated shares will turn them into online shares, which you can then sell whenever you like at the real-time price.

It's great advice to tell someone to make sure they sell at real time, but it's certainly not just banks that do that!

gt94sss2

johan wrote: »

Have you checked out your bank for selling shares might be cheaper there, for existing customers, might be simpler to trade there too, don't need hassle of lost certs in post etc, if you know what i mean.

The share dealing service offered in bank branches tends to be very expensive, which is why they also have online arms (even they tend not be as 'cheap' as other brokers).

Also, online and telephone brokers like Selftrade also offer 'real time' prices - just like banks do - its not a case of sending your share certificates away and not knowing what price you will get for them.

The best online share dealing service I have seen from a bank is from HSBC/First Direct but you need to have a current account with them to use it and as its 'online' broker you need to send your share certificate in by post, just like you would with Selftrade.. before you sell them.

Regards
Sunil

Old_Slaphead

Register with ShareDeal Active and you should be able to sell certificated shares for just £9.50. Never used it myself so can't comment on the service but here's the website....

http://www.sharedealactive.co.uk/