Share Dealing Discussion Area

gt94sss2

tenuissent wrote: »

Because of various takeovers I have shares worth £2000 - £3000 in AMP, which I now want to sell. Their registered office is in Australia and I am British, living in England. I have emailed them asking how to go about selling, with no reply as yet.

Does anyone know how I can sell these Australian shares? Can I use my bank (NatWest), or Selftrade as I have seen recommended here? Even though the shares are Australian?

I'm not an expert on AMP shares but I believe they have quite a complex history.

If you now have shares in HHG they can be traded in the UK and you can use Selftrade or Natwest to trade them.

If you have AMP shares, then I think these can now only be traded on the Australian or New Zealand stock exchanges.

TD Waterhouse offers trading in those stock exchanges. Natwest's own share dealing service is a joint venture between Natwest and TD Waterhouse so they may offer dealing in those markets as well.

Regards
Sunil

sdooley

hercymules wrote: »

Hi,

Am a new investor and I have £3000 to spend, I am considering joining Hoodless Brennan online Share dealing service, and investing the majority of the money in Pipex based on recommendations.

I am quite a risky person and when I saw their share price at 10p and predicted EPS of 0.53p, think it may be a good one to go for. Can anyone confirm my thinking or let me know if I am going off on a tangent!

Many thanks!

Mules

As a new investor you would probably receive a better risk-adjusted return by investing in some form of collective investment - if charges put you off unit trusts you could try an investment trust company or an exchange traded fund.

shoi

gt94sss2 wrote: »

It depends on how often you intend to trade and whether its in an ISA or not.

Assuming no share ISA, I would recommend:

1) HSBC InvestDirect who will charge you £11.95/trade to sell your shares but you do need to have a (free) HSBC current account.

2) Selftrade who charge £12.50/trade but have a referral scheme where you could get up to £80 for joining them (my own details are in post 242)

3) The Motley Fool's share dealing service, run by the Halifax, which allows you to buy shares from £1.50/trade but restricts the dates on which you can buy shares.

There are also others like E-trade and Hoodless Brennan [SIZE=-1]but they both have inactivity fees to watch out for.[/SIZE]

Regards
Sunil

Barclays online stockbrokers - dealing cost between £12 and £7 depending on activity - the good thing about them is they are the only (tell me I'm wrong) - the ONLY online low cost broker who has an intelligent trailing stop loss system (so you can arrange to automatically sell shares if they drop more than n%) - If you don't check your portfolio every day this can do you a power of good

And yes try to spread it around if you have a big portfolio - no more than £48K with any single stockbroker

gt94sss2

shoi wrote: »

Barclays online stockbrokers - dealing cost between £12 and £7 depending on activity - the good thing about them is they are the only (tell me I'm wrong) - the ONLY online low cost broker who has an intelligent trailing stop loss system (so you can arrange to automatically sell shares if they drop more than n%) - If you don't check your portfolio every day this can do you a power of good

These days that can also be a bad thing, given how volatile share prices can be!

However, I don't recommend Barclays for infrequent traders as, like E-trade and Hoodless Brennan, they have a Quarterly Inactivity fee if you don't trade..

Regards
Sunil

tenuissent

Thanks for advice about selling AMP shares from England. AMP did in fact reply a day later to my email for advice, and in case it is useful for anyone else, here is their email address:

<AMPServices@computershare.com.au>

They sent me a downloadable form to complete and send to an address in Bristol, so it seems fairly straightforward after all. £12.50 flat fee and 0.5% commission.

rail.link

Any recommendations for brokers dealing in share certificates (both buying and selling) ?

gt94sss2

rail.link wrote: »

Any recommendations for brokers dealing in share certificates (both buying and selling) ?

I would suggest that, unless you have a need to deal in share certificates, you dematerialise your holdings and deal electronically in future with a broker as it will be a lot cheaper for you in the long term.

You will already have read above that I recommend:

1) HSBC InvestDirect who will charge you £11.95/trade to sell your shares but you do need to have a (free) HSBC current account.

2) Selftrade who charge £12.50/trade but have a referral scheme where you could get up to £80 for joining them (my own details are in post 242)

While dematerialising a certificate is free, brokers usually charge between £10-15 if you then want to convert a electronic holding to a share certificate for any reason.

The HSBC service is unique (AFAIK) in that it allows you to convert holdings you hold electronically with them back to certificates for free if you wish.

There are brokers who still allow you to buy/sell shares using certificates but they tend to be quite a bit more expensive..

Regards
Sunil

jiggy2

hi,

i bought shares in tesco plc through an online broker on 13/09/2007 with settlement on 18/09.

I still haven't received the share certificates (as the purchase was for certificated form). How long does it normally take for the share cert to be received?

Thanks

Jig

catz1ct

It might be held up because of the postal strikes.

Biggles

jiggy2 wrote: »

i bought shares in tesco plc through an online broker on 13/09/2007 with settlement on 18/09.

I still haven't received the share certificates (as the purchase was for certificated form). How long does it normally take for the share cert to be received?

Certificates can take a while, IIRC (a long time since I dealt with them, all nominee now), but you should have had the contract note confirming the purchase?