Shares

Tinytoes73

Please can anyone help me I have recently inherited shares and has them transferred into my name the company that are holding the shares are showing there current value at £700 less than the actual share price ? I am struggling to understand this. I hold the share certificate can I just sell elsewhere or do I have to sell through them so confused 🤔 need good advice before I go nuts

Notepad_Phil

I'm not sure that I 100% understand you, you did say that some company is holding your shares, so how have you got the stock certificates.

It might help if you let us know the company who you say 'are holding the shares' along with the company whose shares these are and finally where are you getting this information from.

Note that shares have a buying price and a selling price, and that this can be several percentage points apart. You may also be looking at different value dates or times. I guess it depends on how much the total value of the shares are - £700 could easily be accounted for if you've got £70,000 in total but less easily if you've only got £7,000.

Exodi

As Notepad_Phil says, this

Tinytoes73 said:

I hold the share

Tinytoes73 said:

the company that are holding the share

needs clearing up

Tinytoes73

Notepad_Phil said:

I'm not sure that I 100% understand you, you did say that some company is holding your shares, so how have you got the stock certificates.

It might help if you let us know the company who you say 'are holding the shares' along with the company whose shares these are and finally where are you getting this information from.

Note that shares have a buying price and a selling price, and that this can be several percentage points apart. You may also be looking at different value dates or times. I guess it depends on how much the total value of the shares are - £700 could easily be accounted for if you've got £70,000 in total but less easily if you've only got £7,000.

Hi Phil

Sorry hopeless at this never had to do anything like this before so confused 

So I have the share certificate for United Utilities shares but they are with Equiniti/Shareview … shareview are saying shares are just over £300 current value but if your look up shares for UU they are over £1000 a share so confused to say the least … prices are as of today

benbay001

They are priced in pence, not pounds.
https://www.hl.co.uk/shares/shares-search-results/u/united-utilities-group-plc-ordinary-5p

Albermarle

So they are currently quoted at about £11 a share. Do you have about 30 shares by any chance ?

Notepad_Phil

Tinytoes73 said:

I hold the share certificate can I just sell elsewhere or do I have to sell through them so confused 🤔 need good advice before I go nuts

It does sound as though you have 30 shares or so worth a total of approx £300. If you do wish to sell them then it's very likely that unless United Utilities offer any special dealing options then you would do better to sell them via someone other than Equiniti (which are likely to be very expensive in percentage terms of the £300).

To get cheaper selling prices you will need to transfer your paper certificates to an online broker.  x-o.co.uk are frequently mentioned on this board as being a good company to go through and from memory they would allow you to register an account and transfer in your paper certificates for free and only charge £5.95 to sell.

Have a look at https://www.x-o.co.uk/how-to.html#transfer-certs if you're interested.

Note before doing anything, ensure that the equiniti/shareview account with the United Utilities shares has not been set up so that any dividends paid are used to buy further stock in United Utilities i.e. making use of DRIP (see https://www.shareview.co.uk/4/Info/Portfolio/default/en/home/products/Pages/Dividend-Reinvestment-Plans-Old.aspx ). I doubt that it is, but it would be annoying if you sold the shares and then find yourself with a new paper share being sent that you then had to sell.