Buying Certificated Carnival shares

[davecttr]

due to my online broker selling up i am intending to sell my 100 Carnival shares and buy new ones, this time with an actual real paper certificate. apparently this makes it even simpler to get the shareholder credit as P&O will have your certificate number listed as a Carnival shareholder.

 

Any suggestions for good reliable companies that can sell shares with certificates?

[thinfool]

due to my online broker selling up i am intending to sell my Carnival shares and buy new ones, this time with an actual real paper certificate. apparently this makes it even simpler to get the shareholder credit as P&O will have your certificate number listed as a Carnival shareholder.

 

Any suggestions for good reliable companies that can sell shares with certificates?

 

Interesting. Could you describe for readers in the US what "my online broker selling up" means?

 

As for holding an actual certificate, I don't understand the advantage. In the US we have access to our brokerage account 24/7/365 and can print a statement of holdings to send to whichever CCL line we are using.

 

How is the UK different?

Edited July 13, 2014 by thinfool

[Host Sharon]

due to my online broker selling up i am intending to sell my 100 Carnival shares and buy new ones, this time with an actual real paper certificate. apparently this makes it even simpler to get the shareholder credit as P&O will have your certificate number listed as a Carnival shareholder.

 

Any suggestions for good reliable companies that can sell shares with certificates?

 

 

Any recommendations will contravene Cruise Critic Guidelines guys! Please do not ask for such information on the forum.

[davecttr]

Interesting. Could you describe for readers in the US what "my online broker selling up" means?

 

As for holding an actual certificate, I don't understand the advantage. In the US we have access to our brokerage account 24/7/365 and can print a statement of holdings to send to whichever CCL line we are using.

 

How is the UK different?

My online broker is my bank but they have sold their share dealing business to their Canadian partners. Not being UK based dealing with those partners can be more complicated as they do not have UK based bank accounts and such :confused:

 

So I have decided to just buy some certificated shares.

[Midsomer Madness]

I just take a screen print of my online account clearly showing the date and email that off, not a problem,OBC is usually awarded within 24 hours.

Edited July 14, 2014 by Midsomer Madness

[davecttr]

I just take a screen print of my online account clearly showing the date and email that off, not a problem,OBC is usually awarded within 24 hours.

Thats what I do now but I don't want to have my shares held by a foreign company so I am selling up.

 

With a paper certificate P&O will have me on their shareholder list so I just have to quote the certificate number to get the credit.

[Corfe Mixture]

Dave,

 

If you sell you will incur a brokers charge.

Then when you purchase you will incur another brokers charge plus stamp duty.

Also you you will lose out on the difference to the bid offer price meaning that in total you will probably incur charges / loss of bid offer of around £40.

 

As your broker is changing his business activities, I believe he has an obligation to offer to transfer your shares to another broker FREE OF CHARGE.

 

The best way to do this is to start from the other end and contact your potential new broker explain the issue and ask him to sort it out for you. He will only be too pleased to take on a new client.

 

Unfortunately, as we have been reminded, rules here do not allow us to be too specific and so I will have to dance gently and what follows is not a recommendation, but remember that if you hold paper certificates and receive your dividends direct, you will no longer get a consolidated dividend tax statement from your broker and will have to keep more detailed records for HMRC.

 

Probably not an issue if these are your only shares but more of a issue if you have other holdngs.

 

I have two UK brokers.

One is a Bank

The other is a specialist brokerage house which floated a few years ago and is now in the FTSE100 list of largest UK companies (by market capitalisation value).

 

If you decide to look at banks don't simply walk into any high street bank. I say this because High street banks typically charge high commission rates. Instead look for a bank that owns a stockbroker business. Look for commonality of name in terms 'wotisname' Bank and 'wotisname' Stockbrokers then contact the broker.

 

In terms of specialist brokerage houses, I daren't give you any more clues about which one I use otherwise I might cross the line of permitted response.

 

Whatever. the bottom line is that you should not incur charges simply because your broker shuts up shop and if you wish to move to paper certificates, they should simply be able to transfer the holdings to you. The bottom line is that they have to provide you with they opportunity to transfer the shares free of charge and they simply must be doing this for anyone with an ISA with them as the path you are being pushed down otherwise they would be forcing their clients to irretrievably break ISA tax shelters possibly built up over many years.

 

If you want paper certificates, your starting point should be:

'OK, I understand you are shutting up shop, can you simply transfer the shares from the nominee account to my name and get the registrar (Equiniti) to send me my certificates. In the circumstances, I understand there will be no charge for this service'

Edited July 14, 2014 by Corfe Mixture

[Corfe Mixture]

Dave,

 

If you sell you will incur a brokers charge.

Then when you purchase you will incur another brokers charge plus stamp duty.

Also you you will lose out on the difference to the bid offer price meaning that in total you will probably incur charges / loss of bid offer of around £40.

 

As your broker is changing his business activities, I believe he has an obligation to offer to transfer your shares to another broker, or indeed to yourself, FREE OF CHARGE.

 

Remember that if you hold paper certificates and receive your dividends direct, you will no longer get a consolidated dividend tax statement from your broker and will have to keep more detailed records for HMRC.

 

If you want paper certificates, your starting point should be to contact your current broker and say:

 

'OK, I understand you are shutting up shop, can you simply transfer the shares from the nominee account to my name and get the registrar (Equiniti) to send me my certificates. In the circumstances, I understand there will be no charge for this service'

 

If that all gets too complicated, and you decided to accept the brokers charges and bid/offer spread, then this link on the P&O Q&A page will answer your question https://ask.pocruises.com/help/PO/before-you-sail/buy_shares

 

Reposted this shortened version in case the original version transgressed the site rules and was deleted.

Edited July 14, 2014 by Corfe Mixture

[Corfe Mixture]

In the US we have access to our brokerage account 24/7/365 and can print a statement of holdings to send to whichever CCL line we are using.

 

How is the UK different?

 

In the UK we have access to fuel for our cars 24/7/365, but when in the US we can't get fuel for our rental cars 24/7/365 because we trip over the credit card authorisation procedure when the pump asks us to enter our Zip Code' :confused:

 

Reason: The USA and the UK are different countries and we don't have US Zip Codes. :)

Edited July 14, 2014 by Corfe Mixture

[davecttr]

If you want paper certificates, your starting point should be to contact your current broker and say:

 

'OK, I understand you are shutting up shop, can you simply transfer the shares from the nominee account to my name and get the registrar (Equiniti) to send me my certificates. In the circumstances, I understand there will be no charge for this service'

 

Thanks, i will try this

[davecttr]

In the UK we have access to fuel for our cars 24/7/365, but when in the US we can't get fuel for our rental cars 24/7/365 because we trip over the credit card authorisation procedure when the pump asks us to enter our Zip Code' :confused:

 

Reason: The USA and the UK are different countries and we don't have US Zip Codes. :)

And the Canadian company that would be taking over my shares can't use the BACS money transfer system to pay me my dividends because they do not have a UK bank account.