Share Dealing Discussion Area

r2d2c3p0

Slightly obscure question ...

Is anyone aware of a spread betting company that allows you to place orders on any of the shares listed on the LSE?

Most seem to just offer the most heavily traded stocks. I think there is value is the small cap stocks.

Thanks, Scott

cloud_dog

lesleyfb wrote:

I don't know if this is the right place for this query, but here goes.

My dad's brother died recently and his paperwork was a nightmare to sort out and this has made by dad go through all his finances etc to make sure when he croaks everything is straightforward for us daughters.

He has shares in Scottish & Southern and he wants to know;- should he keep the shares and if so, what happens to them when he pops off?
Should he sell them now and just invest the money for us to share out?
Should he transfer the shares now to one of us which we can then sell when he kicks it?

Any help would be appreciated. You know what old folks are like. I want to set his mind at rest.

Lesleyfb, your dad does not need to panic.

I think I'm correct in saying (someone correct me if I'm wrng), whether he has a will or not makes a difference, just because if he doesn't you need to go through probate - this would mean someone (you?) applying for probate, once this is granted you become responsible for dealing with the estate. This would give you the power to sell your farthers investmetns or merely place the shares into another persons name (very simple, the back og the share cert provides the space / info to do this).

If he really wants to he could gift them to his daughters but its really not tha much of a problem to manage.

The important thing is just to ensure he has all his paperwork together in a place that you know. For instance my mother has her financial records (share certs, BS passbooks, online registrations printed out, etc, etc) in one of those carry filing cabinets and we know where she keeps it. Another way is just to keep a list (excel / word) of investments, savings, current accounts, bonds / premium bonds, life insurance with the company name, account number, etc.

cloud_dog

[Edit] apologise for the spelling

Middle_Sister

Thank you. Yes he has made a will. I'll print off a copy of your response and send it to my sister who is helping him. many thanks.

FredFlintstone_2

If you want to invest the first question is to determine for how long you don't need the money you're investing with. In general a longterm investment is less risky than a short term investment.

Pat

http://investment-optimizer.blogspot.com/

peacy

Not sure if this is the right place to post this, if not apologies!

I need to know if it is possible to find out if someone has shares in a company - is there such thing as a public register or something. I know the companies I need to find out about - BAA, BA and vodaphone mainly.

Any advice would be welcome!

ReportInvestor

The best course of action would be to contact the company's own registrars

BAA

Capita Registrars
The Registry
34 Beckenham Road
Beckenham
BR3 4TU

..............

BA & Vodaphone

Computershare Investor Services Plc
PO Box 82
The Pavilions
Bridgwater Road
Bristol BS99 7NH


..............
Any others - Check this Northcote link

And then google for the address of the relevant registrar.

yogiberr

hiya,

I can't seem to find this info on the web.Does anyone out ther know?

cheers,

yogi

The_doomed

I placed a sell trade last week and posted off the relevant documents signed along with the share certificate.

The broker claims they received the contract note etc but not the share certificate. I know I put it in and there is no evidence to say the envelope was tampered with.

-firstly, what strikes me, they never called when they opened the envelope to say the document wasnt in it and they allowed the deal to pass the settlement date without notifying me.

They have now came back and say their audit trail says the document was missing when the envelop was opened, strange this wasnt the case when I first spoke to them on Monday, there was no mention of an audit trail etc.



It will cost me £35 to get a replacement certificate... which they must have lost. Ive not got the cash I needed so will have other costs as settlement date has lapsed. The stock price has risen, and they say I must pay them the difference if the certificate is not found, 10 days after settlement they will repurachase the stock and I am liable for this difference (according to them). -however I shouldnt really lose out on this as they stock will be worth what the difference is, but I obviously have to get the cash up front to pay them.

Anyone advise? FSA are yet to call me back.

Optimist

The_doomed wrote:

I placed a sell trade last week and posted off the relevant documents signed along with the share certificate.

The broker claims they received the contract note etc but not the share certificate. I know I put it in and there is no evidence to say the envelope was tampered with.

-firstly, what strikes me, they never called when they opened the envelope to say the document wasnt in it and they allowed the deal to pass the settlement date without notifying me.

They have now came back and say their audit trail says the document was missing when the envelop was opened, strange this wasnt the case when I first spoke to them on Monday, there was no mention of an audit trail etc.



It will cost me £35 to get a replacement certificate... which they must have lost. Ive not got the cash I needed so will have other costs as settlement date has lapsed. The stock price has risen, and they say I must pay them the difference if the certificate is not found, 10 days after settlement they will repurachase the stock and I am liable for this difference (according to them). -however I shouldnt really lose out on this as they stock will be worth what the difference is, but I obviously have to get the cash up front to pay them.

Anyone advise? FSA are yet to call me back.

I find it surprising they never contacted you when they opened the envelope and didn't find the certificate, sounds like their internal procedures could do with tightening up. You need to go through the brokers internal complaint procedure first. Write to the compliance officer at whichever broker you used stating all relevant facts. The FSA wont be interested until you go through said process even then its a bit iffy they would help. I take it you have had a good look around your own area as well just to make sure it didn't fall out of the envelope.

The_doomed

yes, even went through every folder in filling etc. I purposely put it in the envelope and checked it went in.

Primary reason for contacting FSA was finding out where I stand, so ill write to the brokers this week and take it from there.

thanks