Can anyone figure out how much my shares are worth?

MrsJam

Lorian wrote: »

This one?
http://www.hb.im/businesses

professional executor? Bank? Solicitor?

Hi, that's the one. Executor friend of deceased family, not professional.

MrsJam

Lorian wrote: »

Is the executor a professional?

Are you the residual legatee? if so their charges may be coming from your inheritance. Do you understand the charges?

Any reason to expect this to be a large inheritance?

Hi,

She's not a professional executor. She is one of the main beneficiaries in the will.

The executor told me this would be a substantial inheritance.

Thanks

Lorian

In your position I would seek out a free first consultation with a recommended local (to you) solicitor for proper advise.

eskbanker

MrsJam wrote: »

the executor has said the price offered for the shares is considerably less than expected?

MrsJam wrote: »

Executor says shares are undervalued.

MrsJam wrote: »

Hi, price offered by the private company.

As per earlier post, shares in a private company are only worth what someone is prepared to pay for them. On what basis does the executor contend that they're undervalued, in the absence of a market in which they can be traded? What does she think she can actually do about this alleged undervaluation?

Sea_Shell

Are you now just a shareholder in a private company? I'd be asking what % this now gives me in the company?

As others have said, it doesn't really have a "value" as such as they aren't traded on the open market, so would only be worth what someone is willing to pay to "buy in" to this existing business.

How is the business doing? Have you seen their books, accounts.

Worryingly, you could be on the hook personally if the business folds or gets into financial difficulty. I can't tell from their website if they are a Limited Company or not (is IoM different to rest of UK). What "type" of company is it... Partnership, Limited, etc.

Do you WANT to be a shareholder of this business (and any liability that might attach to being so) or do you just want to "cash in" and walk away?

Tom99

Are there other beneficiaries who also inherited shares which are being sold?
Is the any option to have the shares transferred to you and sell/retain at a time of your choosing as at the moment you appear a forced seller which will restrict the price offered.
If the will says the shares are to be sold I am not sure how long an executor can hold onto the shares saying the price offered is not high enough.
Will the executor not even disclose the probate value of the shares? Are any accounts published for the company?

Malthusian

MrsJam wrote: »

Executor says shares are undervalued.

They probably are, given that it's a (presumably) minority stake in an unlisted company and the company itself (or its other shareholder(s)) is probably the only buyer. You would expect to get less than the sum of the parts.

That doesn't change the fact that the estate needs to be wound up. Either they sell the shares and distribute the cash to you, or distribute the shares to you and let you worry about whether to sell them, or hang on in the hope they might be worth more later. (If you don't sell them it is possible that the company might be run into the ground and you never see a penny.)

Reaper

Malthusian wrote: »

...or distribute the shares to you and let you worry about whether to sell them

Sadly that doesn't seem to be an option because:

MrsJam wrote: »

It states in the will that the shares should be sold and any monies distributed accordingly.

If there is no getting round it then the only options are:
1) Sell the shares back to the company at what sounds like a very poor price
2) Find another private buyer yourself and pass them on to the executor.

Malthusian

[STRIKE]If the OP wanted to keep the shares they could execute a Deed of Variation.

There are a number of reasons why this might not be possible (e.g. other beneficiaries who are due to receiver shares who would be affected), and it doesn't sound like the OP wants to keep the shares anyway. But it is a theoretical possibility.[/STRIKE]

*edit* Scratch that, they are of course out of time as this has been going on for four years. A DOV has to be done within two years of the date of death.

So that's yet another reason they should expect a low price, because thanks to faffing about, the estate has made itself a forced seller.

Thrugelmir

Sea_Shell wrote: »

Do you WANT to be a shareholder of this business (and any liability that might attach to being so) or do you just want to "cash in" and walk away?

Shareholders liability rests with the capital that they inject into the company on issuance of the shares.

Doesn't sound as if the OP is a shareholder. As in the will the shares held are to be sold . Dividends received for the holding by the exector administering the estate are simply being disbursed on account to the beneficiaries.