Selling Shares

cat89dav

I have shares from a company I used to work for. Don’t really want to sell them yet but in need of a cash boost. Where’s the best place to sell them that doesn’t take to much interest off you?

IvanOpinion

Are the shares held electronically or do you have actual share certificates?
If electronic, who is actually holding them and could they not sell them for you?

MX5huggy

If you do need a broker then XO from Jarvis is often recommended flat fee £5.95 per trade, simple.

Even if you don’t need cash I would not be hold shares in a company just because you used to work for them, I would be looking for diversification. 

maxsteam

Is it a listed company? Which stock exchange is it listed on?

These are also important questions. You will get more useful answers if you can provide some more information.

cat89dav

I have a certificate for the shares. Basically when working for the company we were offered them at a discounted rate. Then I was made redundant so I had either have my money back or have the certificate for the shares. 

Thrugelmir

Will be worth getting the share holding into electronic form. XO don't charge for this service.

https://www.x-o.co.uk/

maxsteam

Yes. You should check that the company shares are traded at x-o, then open an account, then transfer the shares into the online account, then sell them.

Other brokers offer similar services but x-o don't charge too much.

isayhello

maxsteam said:

Yes. You should check that the company shares are traded at x-o, then open an account, then transfer the shares into the online account, then sell them.

Other brokers offer similar services but x-o don't charge too much.

Does this have to be done over the phone if you decide to transfer paper shares once you've opened the online account at x-o. The poster above you mentions x-o don't charge for this service, what were you referring to about "x-o dont charge too much"?

Thrugelmir

isayhello said:

maxsteam said:

Yes. You should check that the company shares are traded at x-o, then open an account, then transfer the shares into the online account, then sell them.

Other brokers offer similar services but x-o don't charge too much.

Does this have to be done over the phone if you decide to transfer paper shares once you've opened the online account at x-o. The poster above you mentions x-o don't charge for this service, what were you referring to about "x-o dont charge too much"?

There'll be a £5.95 charge for each individual sale request. 

Edi81

Are the shares listed on the stock exchange? 

maxsteam

You will need to post the certificate to the broker with a completed CREST form after you have opened the account. X-o is the trading name of Jarvis Investment, a well established broker. They don't charge for transferring a paper certificate into an online account but they charge for buying or selling shares. Their charges compare well to other brokers.

You do need to check that x-o deal in the shares. If the company is listed on the London Stock Exchange, this should not be an issue.

Other brokers provide a similar service, for example AJBell...
https://www.youinvest.co.uk/faq/can-i-deposit-share-certificate-my-aj-bell-youinvest-dealing-account