How do I sell my shares?

[[TFU] Thegoon84]

Hi guys, I’m going to give my figures here encase there is some reason I cant sell that many shares.

Currently have 611shares and the current market share value is around £15.

I have the certificate for the shares, how do I go about selling them and how much do you think it would cost?

 

[Vanilla]

I think a broker could sell them for you with the certificate but there's little or no point. It would cost you at least as much to sell them. Especially given you're using a certificate and not doing an online trade.

Put it in the draw and hope the company does something amazing over the coming years.

 

[muttclugg]

Do you mean 611 shares at £15.00 per share or is the total value of shares £15.00?

 

[gjrc]

if the total value is £15, why bother selling??

 

[mattyprice4004]

If I'm reading it right, he has £15 per share @ 611 shares? If so very much worth trading in.

 

[wez130]

I'd hazard a guess that the shares are £15 each

 

[colinmcr]

Some banks allow you to trade shares if you have an account with them. You would need to complete a CREST Transfer from to submit your shares into an online account, which you could then sell whenever you like.
Online trades are normally in the 10-15 pounds range, but if you have to use a broker then it'll probably cost more but I couldn't say how much.

Check out www.iii.co.uk that's who I use, there might be some info about contacting a broker, if you don't wish to setup an online account.

 

[DXP55]

Colin

iii - now there is a name from the past - Was member on that site when I lost a fortune in tech crash. --well not a fortune but enough

dave

 

[[TFU] Thegoon84]

If I'm reading it right, he has £15 per share @ 611 shares? If so very much worth trading in.

This i have 611 shares, the current value per share is £15 meaning i have £9165 in shares.

Ok thanks for the advice guys.

The certificate i have has the company logo stamped on it with my name and number of shares, i assume and hope thats the cert?

My wife and i recieved the shares when they were £3.90, so the return has been amazing!! During our time owning them they jumped from the FTSE 250 to FTSE 100. Loved the thrill of checking them each week.

 

[chameleon]

I'm sure lloyds have something to do with selling shares. I think I used them when I sold the company shares I got from a savings scheme.

 

[Efour]

start at your high street bank

 

[monkeys]

try tdw, £12.50 - not worth the bother opening a/c etc!

 

[Mat]

Shout "SELL, SELL, SELL!!!111" and wave your fingers about in a strange way. That's how they do it tv.

True story.

 

[anything I don't mind]

Q: What is the cheapest way to sell a stock certificate that's in my possession?

A: I've been getting this question quite a bit lately. I'm not sure why so many people suddenly are holding paper stock certificates rather than letting a broker hold them for you.

Getting rid of stock certificates isn't hard, but it does require some leg work. The easiest way to make the sale is to set up an account with an online brokerage firm. If you have at least $25,000 to invest, Zecco.com offers free trades. If you have less than that, TradeKing.com offers trades for $5. Either way, the commissions at most online brokerage firms are reasonable.

Next, you need to get the certificate to the brokerage firm. Most stock certificates have a place on the back where you sign to transfer ownership. Call your online brokerage firm and ask if they need you to sign the certificate in any particular way.

Then you have to mail the certificate to the brokerage firm. Most online brokers will provide a mailing address on their website, but again, it's safest to ask. Finally, mail the certificate from the nearest Post Office and be sure to pay extra for certified mail and perhaps insurance, depending on the value of the stock.

Once the certificate arrives at the brokerage firm, it could take a few days before the shares are credited to your account. Once the position shows up, you can sell the stock, remembering that you'll need to pay the commission. There may also be tax considerations when you sell, a topic covered extensively in the Ask Matt archives, such as here.

After you sell the stock, it generally takes about three days before the trade settles and the cash is deposited to your online brokerage account. Once it's there, you need to transfer it to a place you can access it. Most online brokerages will let you set up free cash transfers between your brokerage account and a bank checking account. After you execute the transfer, you should have the money sitting in your checking account.

I was interested myself so googled and found this explanation.

 

[areksnumbr1sxylady]

shares sell you.