Share Dealing Discussion Area

lovel01

Investment has a lot of meaning to us.They can be financial, education or values.When they are given attention, then we can be truly happy.:A

Mick1_2

Hi All,
I haven't a clue what I'm doing, so thought I'd ask for help!!
I have about 1,200 Tesco paper shares, which I got when I worked for them. I desperately need to sell to avoid having my house reposessed, and came to this site for advice, but reading the article has made me even more confused!!

All I want to do is sell these shares, so which company would be best to do this? Any advice would really be appreciated!

tradetime

Mick1 wrote: »

Hi All,
I haven't a clue what I'm doing, so thought I'd ask for help!!
I have about 1,200 Tesco paper shares, which I got when I worked for them. I desperately need to sell to avoid having my house reposessed, and came to this site for advice, but reading the article has made me even more confused!!

All I want to do is sell these shares, so which company would be best to do this? Any advice would really be appreciated!

Not sure if this will be the best option for you, someone else may be able to comment, but this is one option
http://www.investorcentre.tescoplc.com/plc/ir/shareholder_info/buying_selling_shares/
You could give them a call and enquire about their costs, and then ask back here to see what others who buy and sell uk shres think, for a one off sale it will likely be the best option though.

peterg1965

Was thinking of dabbling in buying and selling shares on a regular basis within an ISA. I have an H-L online account and have £7000 to put into it for this years ISA allowance.

Question: Is H-L the best place to conduct regular share dealing within an ISA or are there cheaper alternatives? I rang and they said that if I invested £7K in one share deal in one company it would cost me about £25 + the stamp duty.

tradetime

peterg1965 wrote: »

Was thinking of dabbling in buying and selling shares on a regular basis within an ISA. I have an H-L online account and have £7000 to put into it for this years ISA allowance.

Question: Is H-L the best place to conduct regular share dealing within an ISA or are there cheaper alternatives? I rang and they said that if I invested £7K in one share deal in one company it would cost me about £25 + the stamp duty.

Depending on your definition of "regular" it is probably a very expensive way to do it.

peterg1965

tradetime wrote: »

Depending on your definition of "regular" it is probably a very expensive way to do it.

Regular, as in a few times a week. What are the alternatives?

sabretoothtigger

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1117533386,21726,

GGM1903

I'm new to shares and have recently opened a share dealing account with Halifax.

I chose a company and processed the deal about 9PM at night. What time should the deal usually be carried out by the broker the next day? These particular shares opened quite low at 12.5p, which is why i went for this company, but by the time the deal was processed at 9.30AM the price had risen to 17.5p.

Does this time delay sound normal?

tradetime

GGM1903 wrote: »

I'm new to shares and have recently opened a share dealing account with Halifax.

I chose a company and processed the deal about 9PM at night. What time should the deal usually be carried out by the broker the next day? These particular shares opened quite low at 12.5p, which is why i went for this company, but by the time the deal was processed at 9.30AM the price had risen to 17.5p.

Does this time delay sound normal?

No it's not right at all, your order should have been executed immediately on the open. It's quite pitiful that these numpty brokers can remain in service. I'd pursue the matter, initially politely on the telephone, and then in writing if not satisfied.

tradetime

peterg1965 wrote: »

Regular, as in a few times a week. What are the alternatives?

Commissions with the numpty brokers will kill you, the same trade with Interactive Brokers will cost you £12 round trip, as long as you are not trading over £50k.
I should say that I am not sure moving £7k in and out of shares a few times a week is likely to be a productive use of it to be honest unless you are the best trader on the planet, and certainly an ISA is not the place for this.