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Selling Lloyds Shares
Comments
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Had a similar letter from Equitini on Tuesday but concerning a small holding of Shell shares. They wanted £2 per share ! ,albeit subject to a maximum of £50 per deal. Am keeping them as the dividend income is useful.
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I've had the letter too. Thanks to this thread, I've found the forms to transfer my paper held shares to SWSD with whom I already have an account.
I've sold paper held shares with equiniti beforehand, wish I knew there was a much cheaper alternative.
Make £2026 in 2026
Prolific £231.51, Octopoints £4.60, Tesco Clubcard challenges £38.80, Airtime £10 TCB £225.19, Everup £77.04, Roadkill £1.77, Zopa CB £30, Misc £10.11,
Total £629.02 31%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410 70%Make £2023 in 2023 Total: £2606.33 128.8%0 -
I think that if unsolicited e-mails were received offering to sell shares we might wonder if it was a scam. Are these letters by good old Royal Mail genuine or a very sophisticated (unsophisticated?) scam?
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They are genuine. I've had them several times across the years, these companies like to have a periodic attempt to clear out small shareholders. It costs them the same to service the legal requirements for issuing information to a shareholder with 10 shares or 100,000.
Make £2026 in 2026
Prolific £231.51, Octopoints £4.60, Tesco Clubcard challenges £38.80, Airtime £10 TCB £225.19, Everup £77.04, Roadkill £1.77, Zopa CB £30, Misc £10.11,
Total £629.02 31%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410 70%Make £2023 in 2023 Total: £2606.33 128.8%2 -
which is why they should offer to offload them without a fee!
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Except the company charging you the fee is not the same company that incurs the costs in sending out information to shareholders.
There have been times when small shareholders were offered free sales (usually after a takeover) so it is not unheard of.
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