Share Dealing Discussion Area

Username999

LindaTerry said:

I have shares held in a Halifax share dealing account and today for the first time I tried to sell them. I thought i'd done my homework and I had been following the sell price for a couple of days.  I telephone with a view to selling 4000 shares at the quoted price of £12.50 then when I agreed to trade the price offered was £12.12 at this point I pulled out. This afternoon I phoned again the quoted price was £12.60 which is what I had seen on the LSE site and HL so I was confident at getting near this price. however, when I said i'd trade the price was £12.12. both times I was told that it the difference is due to the time but as I was watching the live price on line at no time did it drop to £12.12 at anytime today.. if I completed this trade I would loose a significant sum. What can I do?  

Can't you use the Real Time Online trading?

gt94sss2

LindaTerry said:

This afternoon I phoned again the quoted price was £12.60 which is what I had seen on the LSE site and HL so I was confident at getting near this price. however, when I said i'd trade the price was £12.12. both times I was told that it the difference is due to the time but as I was watching the live price on line at no time did it drop to £12.12 at anytime today.. if I completed this trade I would loose a significant sum. What can I do?  

Are you sure the price you are seeing is live? Most free sources show 15 minute old prices. As has been said, try using the website if you want to deal quicker and see what price you're offered.

dont_look_now

LindaTerry said:

I have shares held in a Halifax share dealing account and today for the first time I tried to sell them. I thought i'd done my homework and I had been following the sell price for a couple of days.  I telephone with a view to selling 4000 shares at the quoted price of £12.50 then when I agreed to trade the price offered was £12.12 at this point I pulled out. This afternoon I phoned again the quoted price was £12.60 which is what I had seen on the LSE site and HL so I was confident at getting near this price. however, when I said i'd trade the price was £12.12. both times I was told that it the difference is due to the time but as I was watching the live price on line at no time did it drop to £12.12 at anytime today.. if I completed this trade I would loose a significant sum. What can I do?  

It may be too large a sell order to get the best price. Try asking for the price to sell a smaller number of shares, and it may be better. (With the plan being to sell the rest afterwards, either right away, or another day — if the price offered for another sale is lower.)

bowlhead99

LindaTerry said:

I have shares held in a Halifax share dealing account and today for the first time I tried to sell them. I thought i'd done my homework and I had been following the sell price for a couple of days.  I telephone with a view to selling 4000 shares at the quoted price of £12.50 then when I agreed to trade the price offered was £12.12 at this point I pulled out. This afternoon I phoned again the quoted price was £12.60 which is what I had seen on the LSE site and HL so I was confident at getting near this price. however, when I said i'd trade the price was £12.12. both times I was told that it the difference is due to the time but as I was watching the live price on line at no time did it drop to £12.12 at anytime today.. if I completed this trade I would loose a significant sum. What can I do?  

HL and LSE do not show real time prices, the published quotes are always at least 15 minutes delay (unless in the case of HL they are your broker and you're logged into your account and have requested a firm offer for a specific trade which you are given 15 seconds to consider and accept or reject).

So by the time you see the page refresh it's already well out of date.

The published bid-offer spread at a point in time (if you are getting it in real time) is the lowest price you may need to accept to be able to sell, or the highest price you may need to pay, to execute a trade at the 'exchange market size'. It's literally what the market makers are willing to offer or requiring you to bid for a trade up to that standard size. If you only need to sell a few shares, you might get well inside the bid-offer spread - but if you're looking to buy or sell a lot, the market makers will not necessarily have to honour that indicative quote.

The normal market size differs for each share and can vary over time as it's a formula based on the average daily trading volume over a period of review, although it has a maximum cap and minimum floor. For a FTSE100 share like Lloyds Bank or HSBC which had £40m or £90m of shares traded today, you would expect to easily get big orders accepted at whatever the 'going rate' happens to be. For a FTSE250 stock like Genus which had under £2m traded, the normal market size would be lower -probably less than £25k. For an AIM tiddler it could be a lot lower.

You're looking at trading 4000 shares at £12.50+ which is a £50k trade and regardless of what company it is, it's not going to be within the London stock exchange market size for your company, so you wouldn't expect to definitely get the quoted price, when you request a firm quote from Halifax over the phone. If it's a small company the price you're getting (about 3% below the bid) wouldn't be unexpected for a big trade.

Rather than dumping the shares all at once and being disappointed, you could break into smaller chunks over a period of days. Eight sales at £12.50 fee for each is only £100 and you can probably get the trades away at a better price if you're only trying to do £6k at a time instead of £50k. For a large volume in thinly traded shares it can sometimes be hard to move even a few thousand worth depending on the order book at the time of day you're trying.

NewPieman

Hoping for a little bit of guidance here....... I was in the Company Share Scheme (HRMC approved). I have been made redundant and as part of the scheme my Matching / Partnership shares have all been moved into the "Available" catergory free of tax due to being a "Good Leaver". As I'm no longer in the company it appears that I now need to move the shares - going into the online tool I have the option of Sell or Transfer. I have a Halifax Share Dealing Account - can I just put my details into the original holder as a Brokerage Account and then do the transfer to HSDA? I can't see any documentation about fees......

mahler

As someone who knows nothing about shares, I got some Barclays windfall shares many years ago (can't remember when). I must have had a Barclay's current account at the time, or perhaps a Barclaycard. It's so long ago that I can't remember. Every year I would get a dividend (pittance) credited to my current account. Then something changed, and the shares were managed by Equiniti (?). Instead of receiving a dividend I opted to swop the dividend for more shares. I would receive a statement every year and just ignore it and file it away.  Last week I decided to get rid of the shares and sold the lot - £579.53 was duly credited to my current account.  I expect I'll have to declare this in my tax return for 2020/21.  Since I didn't buy the shares I don't know what they were worth when I got the windfall. So is the CGT based on £579.53, or is it based on the cost of the shares at the time of the windfall (which I don't know) compared to the selling price of £579.53?  If the latter, how can I find out what the shares were worth at the time of the windfall, taking into account I can't remember when I got the windfall.  All answers gladly received with thanks!

eskbanker

mahler said:

So is the CGT based on £579.53, or is it based on the cost of the shares at the time of the windfall (which I don't know) compared to the selling price of £579.53?  If the latter, how can I find out what the shares were worth at the time of the windfall, taking into account I can't remember when I got the windfall.

It's the latter, i.e. the gain in value, but it's irrelevant anyway because you have an annual CGT allowance of £12,300, below which you pay no CGT, so no need to calculate or declare anything for this small sale of less than 5% of your annual allowance....

KateBurns

HI,
Does anyone have any experience in selling BNP Paribas shares via Planet Share, I am struggling the forms are not friendly and indicate I need a French correspondent who is a member of Euroclear France.
Any guidance would be appreciated as this has so far taken 18months to get this far! 

sabretoothtigger

Halifax do briefly show a live quote when you come to sell, its part of what you are paying for.    They reduced the commission to £10 now but with an annual fee of £36.     Look on the home section and they'll list event days its £3.50, if you have a choice try that for scaling into a sale perhaps

I might update this thread with stock events like I used to, answer questions perhaps

Thrugelmir

sabretoothtigger said:

Halifax do briefly show a live quote when you come to sell, its part of what you are paying for.    They reduced the commission to £10 now but with an annual fee of £36.     Look on the home section and they'll list event days its £3.50, if you have a choice try that for scaling into a sale perhaps

I might update this thread with stock events like I used to, answer questions perhaps

Returning to the thread approaching a year later isn't much help though.