Free Employee Shares

Ukshoegal

I was issued a number of shares worth around £500 in January this year by my employer which were to be kept for 3 years before being able to sell. However, I was made redundant by the company in August and have received a letter telling me my shares are therefore available to either sell or transfer. They are currently worth only around £340 so I'd prefer to keep them a while and hope share price increases again. Any advice on where I could transfer them to as I only have 30 days to decide what to do with them before a share certificate is issued. Thanks

MallyGirl

if you had £340 would you choose to invest it all in this company? If not then you should sell and use the money elsewhere

AnotherJoe

Ukshoegal wrote: »

I was issued a number of shares worth around £500 in January this year by my employer which were to be kept for 3 years before being able to sell. However, I was made redundant by the company in August and have received a letter telling me my shares are therefore available to either sell or transfer. They are currently worth only around £340 so I'd prefer to keep them a while and hope share price increases again. Any advice on where I could transfer them to as I only have 30 days to decide what to do with them before a share certificate is issued. Thanks

?"Hope"? When i buy shares i do it because i have reason to think they will go up. "hope" is never one of the reasons.

Their share price has dropped, they are making people redundant - sell them. I bet, as MallyGirl has pointed out, if someone gave you £340 you wouldnt spend it all on these shares so its simply the "inertia" thats leading you to keep them.
So, sell (unless you would indeed buy them with a £340 windfall).
BTW there will be tax to pay i expect so your £340 could be less you might have a double whammy of getting £340 worth of shares that say halve over teh next year plus you have to pay tax, double whammy.

Thrugelmir

Is the Company listed or private?