share dealing

[jolly geoff]

firstly can shares become out dated?
secondly whats the best way to sell shares

[sumo19]

Outdated, I find, is ambiguous.

They might be 'outdated' in the market.

But, they are not a steak, you don't have to use them before their 'sell by date.'

Best way to by shares, or only way,is through a stock broker, unless you are one.

[sumo19]

*buy

[jolly geoff]

The shares belong to my sister inlaw and she wishes to sell them but the bank says some of the shares are out of date can anyone explain why please

[twix123]

There is no such thing as 'outdated' unless you are referring to a Debenture Stock which has a fixed redemption date. Otherwise Ordinary shares can become valueless should the company go into liquidation, or are taken over whereupon shares in the new company or cash will be given in exchange.

As previously stated, buy shares through a stockbroker, or your own bank may offer such a service.

[jolly geoff]

the shares belonged to her late husband and were transfered to her she believed thier were over 1000 but the bank are only offering half of the value of 1000 shares as quoted on the stock market

[twix123]

The bank will be offering the market price for the shares. There may have been a capital re-organisation of the shares and your SIL now owns the equivalent of 500 shares. Without knowing the details of the underlying shares, it is impossible to advise as to their value.

[jolly geoff]

thanks Twixs123 for your answers the shares are for stagecoach the bus and train company and were purchased at least 10 years ago while my late brother inlaw worked for the company

[twix123]

Stagecoach carried out a capital reorganisation in 2007, returning a proportion of the capital to their shareholders and issuing 9 new shares for every 14 previously held. Therefore your SIL will now hold approximately 650 shares instead of 1000+, see the attached link:

http://tinyurl.com/357glfe

This is a rather lengthy document but will have been sent to each shareholder.

For further information I would suggest that your SIL contacts the company's registrars:

http://tinyurl.com/35j6bhk