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Surprise shares!

Recently i have been organising our finances and paperwork.

I came across some share paperwork that was addressed to my husband regarding shares in Kingfisher plc. After updating his details we have discoved that the shares are currently worth about £500.

We are not quite sure what to do about them.

Do we sell them?
Leave them alone (they are 15 years old)

Any advise is appreciated.

Comments

  • Zorillo
    Zorillo Posts: 774 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    edited 7 April 2018 at 7:12PM
    If you'd found £500 in the paperwork would you buy Kingfisher shares with it?

    If the answer is no, sell them.
  • jimjames
    jimjames Posts: 19,143 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you found £500 would you go and buy £500 of Kingfisher shares? If not then you are probably better to cash it in
    Remember the saying: if it looks too good to be true it almost certainly is.
  • LHW99
    LHW99 Posts: 5,591 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    What happened to the dividends over all those years?
  • Vickyh
    Vickyh Posts: 108 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    It was set up so the dividends bought more shares...
  • Audaxer
    Audaxer Posts: 3,552 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    If these are the shares linked below, they don't appear to have performed very well in recent times, especially the last month where they have dropped in value by 16%:
    http://www.hl.co.uk/shares/shares-search-results/k/kingfisher-ordinary-15,57p
    It may be as well to sell now in case the price drops further, or you could monitor for a while and see if the price increases a bit before selling.
  • Vickyh
    Vickyh Posts: 108 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I am now even more confused-

    The certificates we hold claim my husband owns more than what online records state. I have requested a list of all certificate numbers!!
  • System
    System Posts: 178,412 Community Admin
    10,000 Posts Photogenic Name Dropper
    There have been various share reorganisations:
    https://www.kingfisher.com/index.asp?pageid=108
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Vickyh wrote: »
    I am now even more confused-

    The certificates we hold claim my husband owns more than what online records state. I have requested a list of all certificate numbers!!

    I have recently bought shares online via Hargreaves Lansdown, it is a online ISA holding my shares; my shares that I have bought in previous years, I have certificates only.
    Is that where your confusion is?
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