Share Dealing Discussion Area

robertoegg

Noob Question:

I took part in a work share scheme which resulted in a certain balance of shares. I've since opted for redundancy which means I can no longer participate in that scheme. The options include keeping the shares but I need to set-up an account.

My intention is simply to "forget about" these shares; I do not want to actively trade.

From the article, I read that XO are the most no-frills and therefore least costly for an low activity account?

Your thoughts appreciated.

On the Instruction Form, the following text advises "A €60 fee will be charged for any <Company> custodian transfers....." Is there a way of avoiding this charge? eg-requesting the transfer from a different broker as opposed to instructing <Company> or have I misunderstood the implication there and the fee applies whenever a transfer is made out of the scheme?

EdGasket

Sounds like you are stuck with that fee.
If you want to forget about them, why not just sell them?
My Bro-in-law had masses of RBS shares from working there all his life and forgetting about them cost him tens of thousands as a result of the credit crunch and the decimation of the RBS share price.

Vortigern

robertoegg wrote: »

On the Instruction Form, the following text advises "A €60 fee will be charged for any <Company> custodian transfers....." Is there a way of avoiding this charge?

That could be the charge for moving from the current nominee account to a nominee of your choosing. What would they charge to issue you with a share certificate?

robertoegg

Vortigern wrote: »

That could be the charge for moving from the current nominee account to a nominee of your choosing. What would they charge to issue you with a share certificate?

I'm not sure - I'll give them a call, thanks

Sjbi

Hi, please please can you help, it's driving me mad. I have a small amount (110) of Australian Computershare Ordinary Shares (electronic) and I am a UK resident. Ive contacted many UK companies (Aus's Computershare Investor Services says it has to be a UK broker) to see if they could sell these shares. Many companies haven't responded & others have asked for a minimum amount (£thousands) to be deposited first (eg Saxo) before they'll allow an account to be set up to transfer & sell the shares. Please please can someone help?

sabretoothtigger

Maybe ask an Australian friend. I have great problems with Australian shares and I hope to never have to deal with them directly.
If the company dual lists on LSE thats ideal, or if they get taken over you get a cheque etc

halifax wrote:

Pay less for your share dealing, 12:15 to 14:15 on 15th February
on 15th February, you’ll have the chance to buy or sell UK shares for just £3.95 commission per trade. That’s a £8.55 reduction on the usual price of £12.50 – a 68% reduction.

It’ll be available for a two-hour window on 15th February, from 12:15 until 14:15. And we’re applying the same great offer to trades on international stocks between 08:00 and 21:00. So put a note in your diary now.

Sjbi

Thanks sabretoothtigger :-) for your reply.
I cannot see Computershare on the LSE :-( Does that mean is nigh impossible to sell them?

@sabretoothtigger Halifax & HSBC can't deal in Australian shares

Sjbi

@sabretoothtigger have you heard any reviews of tddirectinvesting.co.uk? they say they can sell australian shares.

dales1

We live in UK. Partner's mother had ANZ shares which were listed only in Australia. Many Australian stockbrokers had impossible ID verifying requirements. But Hartleys.com in Australia were helpful, and only required copy passport certified by a UK building society officer (ie a full-time counter clerk with over 4 year's service). Hartleys then sold the shares, deducted 1% commission, and remitted the remainder to her UK bank in Aus dollars, which her UK bank converted to sterling.
A slog but she got there.

Dales.

sabretoothtigger

Sjbi wrote: »

@sabretoothtigger have you heard any reviews of tddirectinvesting.co.uk? they say they can sell australian shares.

Ive heard of them before covering many markets yes

deducted 1% commission

thats the ideal, nothing too unfair on small holders