Bulk buying shares

EmilyG2010

Hi there

I am new to buying shares. I bought a few the other day and made a few pounds, so I am interested in scaling up my investment in future. I asked HL whether there was any upper limit when it came to share buying and they responded that buying large quantities would be subject to 'FSA reporting criteria'. I can't however find any further information on this and importantly what quantities we are speaking of. HL refused to respond further.
Does anybody know the rough figure, or where to find out?

Thanks for your assistance.

[Deleted User]

Hi,


'bulk buying'?


Are you talking in the hundred thousands?

EmilyG2010

Maybe in the future. Depends on how much the unit costs are

worried_jim

EmilyG2010 wrote: »

Hi there

I am new to buying shares. I bought a few the other day and made a few pounds, so I am interested in scaling up my investment in future. I asked HL whether there was any upper limit when it came to share buying and they responded that buying large quantities would be subject to 'FSA reporting criteria'. I can't however find any further information on this and importantly what quantities we are speaking of. HL refused to respond further.
Does anybody know the rough figure, or where to find out?

Thanks for your assistance.

Unless you are doing anything dodgy you have nothing to worry about. Crack on!

AnotherJoe

EmilyG2010 wrote: »

Maybe in the future. Depends on how much the unit costs are

Best way to lose money quickly would be buying penny shares which it sounds like you'd be doing.

[Deleted User]

Hi,


depends how much you've got to invest.


1000 shares @ £5 costs £5000, plus costs,


100,000 @ 0.05p costs £5000, plus costs.


You say you bought 'a few' the other day and made 'a few pounds', if you are only buying 'a few' then dealing costs will cut into your profit.

DrSyn

1. What exactly do you mean by "Bulk Buying"?

2. What size (£'s or number of shares) do you consider constitutes "bulk" anyway?

3. What is causing you concern about 'FSA reporting criteria' ?

PS. If you are trying to time the market or think of becoming a trader, both are ways of losing money rather than seeing it grow. Many newbies have found this out the hard way.

LobsterMemory

If you buy 3% of a company you'll need to announce it to the Stock Exchange

eskbanker

EmilyG2010 wrote: »

I am new to buying shares. I bought a few the other day and made a few pounds, so I am interested in scaling up my investment in future. I asked HL whether there was any upper limit when it came to share buying and they responded that buying large quantities would be subject to 'FSA reporting criteria'. I can't however find any further information on this and importantly what quantities we are speaking of. HL refused to respond further.
Does anybody know the rough figure, or where to find out?

There won't be a single absolute figure of n million shares if that's what you're expecting, and in any case seriously large purchases are only possible if there enough sellers so natural market dynamics come into play, but frankly this is all completely irrelevant unless you have very deep pockets, so don't worry about it....

If it helps, most trading sites, including HL, will list daily trading volumes, so, for example, according to https://www.hl.co.uk/shares/shares-search-results/l/lloyds-banking-group-plc-ordinary-10p there were 180,755,944 Lloyds shares traded on Friday, totalling about £90m (about 0.25% of the group's share capital) on that one day. Do you see yourself as competing in that sort of territory?

EmilyG2010

[Deleted User] wrote:

Hi,


depends how much you've got to invest.


1000 shares @ £1 costs £5000, plus costs,


100,000 @ 0.05p costs £5000, plus costs.


You say you bought 'a few' the other day and made 'a few pounds', if you are only buying 'a few' then dealing costs will cut into your profit.

Is this a mistake? 1000 shares @ £1=£1000. With AIM shares there are just dealing costs on top. With FTSE shares there is also 0.5% stamp duty?
Really new to it, just trying to get my head round things.

[Deleted User]

Hi,


oops, , yes should've been £5000.


Are you sure no stamp duty on Aim dealings?