Share Dealing Discussion Area

JONTY_2

MSE_Dan wrote: »

Can anyone explain please : I have some shares in BIFFA, todays price is 3.65, but I have had a letter today to say they are being taken over and the share price offer is only 3.50 whic BIFFA say they are accepting. What do I do wait until the takeover goes ahead or sell them on the open market for 3.65. ?

This thread is specifically to discuss the content of the

'Cheapest Way To Buy and Sell Shares' article

To discuss or ask a question about this article: click reply

IMPORTANT: This is not for the discussion of how to choose shares (for that go here) but just for talking about brokers and dealing costs.

JONTY_2

Can anyone explain please : I have some shares in BIFFA, todays price is 3.65, but I have had a letter today to say they are being taken over and the share price offer is only 3.50 whic BIFFA say they are accepting. What do I do wait until the takeover goes ahead or sell them on the open market for 3.65. ?

rail.link

Where can I obtain share transfer forms ?

A family member wishes to transfer her share certificates into her daughter's name; essentially she is gifting these shares.

Any help would be appreciated.

Optimist

rail.link wrote: »

Where can I obtain share transfer forms ?

A family member wishes to transfer her share certificates into her daughter's name; essentially she is gifting these shares.

Any help would be appreciated.

You can either buy them from a legal stationers or do a google for stock transfer forms and there are many free PDF downloads for you to download and use

spalding

rail.link wrote: »

Where can I obtain share transfer forms ?

A family member wishes to transfer her share certificates into her daughter's name; essentially she is gifting these shares.

Any help would be appreciated.

Is there any cost involved in this or can it be done free?

nigrior

Interesting article...

gt94sss2

JONTY wrote: »

Can anyone explain please : I have some shares in BIFFA, todays price is 3.65, but I have had a letter today to say they are being taken over and the share price offer is only 3.50 whic BIFFA say they are accepting. What do I do wait until the takeover goes ahead or sell them on the open market for 3.65. ?

If a companies share price is trading at £3.65 but the price being offered in a takeover deal is £3.50 it means that some investors believe that:

- the current takeover price will be increased from £3.50 or
- that someone else will try and buy BIFFA for more than £3.50/£3.65

and are willing to buy shares to back up their view.

If they are right, they will make money - if not, they will lost at least 15p/share.

As for your own decision, you need to decide if you thing the 'takeover price' will go up or not. If you don't think anyone will buy Biffa for more than £3.50/share than selling at £3.65 in the open market would make sense.

However, keep an eye on your dealing costs - if it will cost you more than 15p/share to sell your holding then you are better off accepting the £3.50 takeover bid (as your shares would then be sold free of charge)

Regards
Sunil

rail.link

spalding wrote: »

Is there any cost involved in this or can it be done free?

I believe it's free if you're gifting the shares.
Not entirely sure; perhaps somebody else can confirm this ?

stiffnuts69

nigrior wrote: »

Interesting article...

posting for the sake of posting to get your post count up should be banned!!!

empfun

Hi folks!

WH Smith are conducting a share buyback and consolidation. But I don't understand how it works.

I used to have 1620 shares but today with the share consolidation carried out I now only have 1466. Didn't I just lose money?

Terms: MANDATORY CONSOLIDATION You will shortly be credited with 67 New shares of WH Smith
Plc Ordinary Shares of 27 6/67 Pence each, for every 74 old shares of WH Smith Plc Ordinary Shares
of 20 pence each held on the record date of 21 February 2008.

I also can't figure out the maths of how 1620 became 1466.

Help greatly appreciated! Thanks a lot!