Share Dealing Discussion Area

Puzzle.Mania

Sorry, Biggles, I've just seen your reply. No, I don't own the shares already - just wondering whether to invest.

Scotty_Jim

First post and it is a simple question. I inherited shares in a number of diffrent companies and would like to open an online account, the RBS have been touting for my custom but a little research has shown me there is a great number of companies offering this service. Which ones should I be looking at? I would like to do a little trading maybe a couple of deals a quarter. Any advice would be appreciated. Thanks

marvin

Scotty_Jim wrote: »

First post and it is a simple question. I inherited shares in a number of diffrent companies and would like to open an online account, the RBS have been touting for my custom but a little research has shown me there is a great number of companies offering this service. Which ones should I be looking at? I would like to do a little trading maybe a couple of deals a quarter. Any advice would be appreciated. Thanks

Really it depends on what you are happy with and what other services you would like

X-O are about the cheapest (£5.95 per trade) I have never used them but they seem cheep an cheerful

I personally use Halifax (£11.95 to buy £5 to sell below £250 £11.95 thereafter) more out of lazyness than anything but they do have the occasional free trading sessions (pay only for the shares bought and the stamp duty) usually only a few hours often the quiet bit of the afternoon (12 -3pm).

Motley and III are the Halifax platform just generally cheaper although I don't think they ever have free trading sessions.

Halifax and others that use their platform have a £1.50 regular deal but in this you lose the choice on when and at what price to deal. (you chose the day from a selection and that is it the price is determined by Halifax) They also issue fractions of a share which really annoys me so I have stopped doing that.

Others will have their favourites

Biggles

Not.My.Real.Name wrote: »

No, it's not linked to Polar, but I'm still confused. I've been offered some shares which are about to float on the stockmarket for £1 each. If I buy some, would I not be able to sell them before 2014?

If the shares and the sub shares are about to list, you can presumably decide whether to invest in the ord shares or the sub shares? In that case, the ord shares might be a less risky bet, due to the nature of subs.

If the ord shares are already listed, and the subs are a new listing, then it's difficult to know what to say; the formulae for evaluating subs are very complex and depend on the current price, NAV etc etc of the ord shares as well as the time to expiry date and exercise price.

In either case, as I said earlier, you would be able to trade the subs at any time.

Puzzle.Mania

Thankyou, Biggles. The shares are not already listed - they are about to. I'm going to take a chance, so if I make a killing, I'll buy you a drink! If I lose, I'll drink the lot myself!

Biggles

Not.My.Real.Name wrote: »

Thankyou, Biggles. The shares are not already listed - they are about to. I'm going to take a chance, so if I make a killing, I'll buy you a drink! If I lose, I'll drink the lot myself!

What company is it (I'd like to keep an eye on the progress of my cyber-pint)?

Puzzle.Mania

If I told you that, I would SURELY have to kill you......Anyway, you might buy them all, and then there would be nothing left for me!

Puzzle.Mania

[FONT=Arial, Verdana, Sans serif]This is what I'm pondering: What do you reckon?


Henderson International Income Trust is proposing an issue of 150 million Henderson International Income Trust Ordinary shares.

As a valued customer of Halifax Share Dealing Limited we are pleased to offer you the opportunity to participate in this general public offer, and apply to invest in Henderson International Income Trust (HInT) Ordinary shares prior to their listing on the London Stock Exchange. These shares can be held in a Halifax ShareBuilder, Share Dealing Account, Self-Select Stocks & Shares ISA or SIPP.

The price is 100 pence per Ordinary share and you may subscribe for any monetary amount under the offer. The Ordinary shares will be issued with Subscription shares attached on the basis of one Subscription share for every five Ordinary shares subscribed. Each Subscription share has the right, but not the obligation, to subscribe in cash for one Ordinary share on 31 August 2014 at the Subscription price of 100 pence per share.
[/FONT]

sabretoothtigger

If I told you that, I would SURELY have to kill you.

Arent IPO scheduled anyway. Surely thats the point of a publicly listed company.
Glencore, behemoth commodities company is coming to LSE I think ?



If Henderson is the queried offer then its a trust and the sub shares come free initially I think.

No stamp duty on IPO, but dont think trust pay anyway also no commission I guess otherwise not sure there is a rush to buy now.
I guess the sub shares are your bonus for being in the IPO thats the rush, what are their assets

Puzzle.Mania

Assets are good and thank you very much for your input