Share Dealing Discussion Area

gav170380

Hi, ive stumbled across an old share my grandmother took out in the co-op in 1938, 70 years ago, its a £1.00 share.

my question is, will this share still be in existance and what would it be worth today?????

I emailed co-op and they asked me to send it to them, I dont really want to do that because you just dont know if its worth anything??

can anyone please help me

Lansdowne

It very probably will be a share in a local Co-op which by now has merged into The Co-operative (based in Manchester) or one of the other main ones. It could be worth £1 now or more if the co-op in question gave interest or divi on the shares.
If you don't want to send the certificate, why not send a photocopy?

Mikeyorks

gav170380 wrote: »

I emailed co-op and they asked me to send it to them, I dont really want to do that because you just dont know if its worth anything??

Why would you ask them ..... and then ignore what they tell you ..... and then post that on here? Does not make sense.

It's not a Picasso ..... send it to them .... but keep a copy.

FuddyDuddy_3

eevie wrote: »

After doing a little research I am considering using Hoodless Brennan

I've managed to set-up an account with them - not easy for an overseas resident - and get money to them ( also didn't work right the firsttime ) and only now am I appreciating that the HB site/interface is really a dog.

It might not matter to you but check out selftrade for an idea of what I mean: easier on the eye, easier to find info, more immediate, faster and punchier.

Mind you, I can't do much about it as they are the only outfit I can find who'll let me back in to the UK dealing system.

Look around - it might be worth paying a little bit more...[/QUOTE]

silvio

Hi, very interisting discussion as I'm on my 1st approach to Sharedealing.

I am an HSBC customer and I was looking into their sharedealing product.
InvestDirect doesn't seem so bad.
12£ per trade
7£ per trade - if you do more than 9 trades in 3 months (not bad)
17£ per trade - if inside an ISA
No commissions

1. Do you think the above is a fairly good deal? compared to the cheapest Hoodless Brennan or to Selftrade?
2. Is there anybody of you who uses it and .. are you satisfied?
3. ISA.
I can't find many discussions about trading inside an ISA and its benefits.
Is there a real benefit ? where does it stand?
Basically, inside an ISA, you don't get income tax on dividens.. right?and?
other benefits?
What would you guys do?
Use ISAs to trade an amount of money of 2K-5K with 4-5 trades a month..
or just don't be bothered about ISAs?

4. Now, a very silly question.
Say that I am building my portfolio composed by 10 stocks.
Am I actually doing 10 trades?
I mean, am I going to pay a fee of 8-12£ for each of the 10 stocks? = 100£ ?

Can anyone help, please?

tradetime

4. Now, a very silly question.
Say that I am building my portfolio composed by 10 stocks.
Am I actually doing 10 trades?
I mean, am I going to pay a fee of 8-12£ for each of the 10 stocks? = 100£ ?

A trade would be placed each time you press the buy/sell button, so yes the purchase of 10 different stocks would constitute 10 trades or £80 - £120 using your above costs (outside an ISA) Also there would be stamp duty payable on those at whatever the % is, and selling them all will cost you another £80 - £120.

Use ISAs to trade an amount of money of 2K-5K with 4-5 trades a month..
or just don't be bothered about ISAs?

From the above I think you might get the idea that 4-5 trades a month on £2-£5K capital is gonna be pricey

The rest of your questions I don't know about, but I wouldn't recommend an active trading style on a small account, commissions will kill you.

bmw12

yeah nice information. Interesting article, Martin. But you didn't mention that some companies do not allow the perks for shareholders to be passed on thgough nominee accounts. By companies I mean the brokers and the companies whose shares are dealt.

simpywimpy

I have started to dabble in a few shares (£700 spent so far) in the hope that in a year or two they start to climb again. As a non tax payer, is there any advantages to putting them in an ISA and do I have the same freedom to sell and buy if I do that?

I have also taken a change on Hbos shares (100) if the merger goes ahead as planned, will I be eligible for Lloyds shares in return or is that just for long standing investors?

tradetime

simpywimpy wrote: »

I have started to dabble in a few shares (£700 spent so far) in the hope that in a year or two they start to climb again. As a non tax payer, is there any advantages to putting them in an ISA and do I have the same freedom to sell and buy if I do that?

I have also taken a change on Hbos shares (100) if the merger goes ahead as planned, will I be eligible for Lloyds shares in return or is that just for long standing investors?

If you are a non taxpayer and not likely to become one then there is little or no advantage in using an ISA that I can think of, (though best wait until someone comes along who can confirm that) unless of course you stand to make over £9600ish a year. In fact it may be cheaper to buy and sell outside an ISA, compare the cost of accounts.

Rolandtheroadie

simpywimpy wrote: »

I have also taken a change on Hbos shares (100) if the merger goes ahead as planned, will I be eligible for Lloyds shares in return or is that just for long standing investors?

You should get 0.605 shares in Lloyds for every 1 HBOS share you hold.