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Author Topic: Halifax Share Dealing Account  (Read 965 times)

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tunnie

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Halifax Share Dealing Account
« on: 24 February 2014, 16:10:42 »

Anyone have one? Any Experiences?

http://www.halifax.co.uk/sharedealing/our-accounts/share-dealing-account/

Prices look low for commission, of course others out there may be lower. However, I already have my bank account and mortgage with them, so be nice to have it all in one place & easy to transfer funds.

Looking at getting one as the BSkyB share price is going a bit nuts in the past 2 weeks, looking at putting a little extra in.

I've got a work share save scheme, but looking to go a bit more instant, as I think there is a bit of £££ to be made  :)
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Varche

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Re: Halifax Share Dealing Account
« Reply #1 on: 24 February 2014, 16:24:23 »

Funnily enough I have one and the prices for dealing are cheap. I honestly don't know if there are better deals about.

When we opened our accounts years ago the person on the other end of the phone said "get ready for an avalanche of paperwork". Never paid much attention at the time but they were right. The paperwork you receive is tremendous(in volume) . Just explanaoty notes, info to tell you about changes and terms conditions etc.

Having said all that it works well enough for us.

Good luck with any dealing you end up doing. Don't forget that shares can and do go down as well as up!!

PS Glad to see you are in the company sharesave scheme - to the maximum monthly amount permissible I hope.
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tunnie

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Re: Halifax Share Dealing Account
« Reply #2 on: 24 February 2014, 16:54:56 »

Good luck with any dealing you end up doing. Don't forget that shares can and do go down as well as up!!

Glad to see you are in the company sharesave scheme - to the maximum monthly amount permissible I hope.

Yes, even more so with Sky due to rights deals, they went as low as £7.00 share when we lost UEFA, now they are £9.40! In a very short space of time too.... One plan would be to sell just before a rights deal is announced, such as Premier rights, then buy again to get more shares but at lower price. I'm in it for the long haul

Not full amount yet, I'm staggering it so that I get a regular amount back, they do 3 or 5 year deals. £250 total per month, so far I have three at £50 a pop. The aim being in 2 years, I will have one mature each year, will take out another £50/m one this year. I'll have some spare, once I have one set to finish once a year, I'll do another just for good measure.

But looking to top it up anyway, as I've been watching it over past few years.

Should have done it earlier, my first scheme has share price of £5.02  :o
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aaronjb

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Re: Halifax Share Dealing Account
« Reply #3 on: 24 February 2014, 16:57:52 »

Bear in mind if you have insider knowledge of something that may make a material difference to the share value (e.g. losing broadcast rights) then I'd be surprised if there wasn't a company ban on you trading shares in that period .. otherwise I believe that's called insider trading (which is illegal).

Certainly that's the case at F5 - if I were in a position to be privy to the information we release in our quarterly investor statements prior to the statement being made then there's an exclusion period that begins once the information is known internally and ends some time after (24hrs, I think?) it is made public..

Fortunately I'm not in a position to be privy to anything like that, so it's never been an issue.. the thing that normally makes our share price go up seems to be me selling mine :lol:
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tunnie

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Re: Halifax Share Dealing Account
« Reply #4 on: 24 February 2014, 16:59:54 »

Bear in mind if you have insider knowledge of something that may make a material difference to the share value (e.g. losing broadcast rights) then I'd be surprised if there wasn't a company ban on you trading shares in that period .. otherwise I believe that's called insider trading (which is illegal).

Certainly that's the case at F5 - if I were in a position to be privy to the information we release in our quarterly investor statements prior to the statement being made then there's an exclusion period that begins once the information is known internally and ends some time after (24hrs, I think?) it is made public..

Fortunately I'm not in a position to be privy to anything like that, so it's never been an issue.. the thing that normally makes our share price go up seems to be me selling mine :lol:

Neither am I, just a humble bod in the chain. I would go only on the date of the announcement of the rights, perhaps even a month or so before.

I don't get any insider info, so no concerns for me either.

That said, my boss is meeting Uncle Rupert and Co tomorrow, wondering if I can find out anything   ::)  ;D
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Varche

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Re: Halifax Share Dealing Account
« Reply #5 on: 24 February 2014, 17:04:23 »

That is a good way of doing it - staggering. You even out the share price and get your dosh(and any increase) back regularly.

Don't you know anyone in Marketing dept or better new product launch and testing. ? Don't answer that as it might be construed as insider dealing! If you don't go and ask if you can test new products.

Then when they announce a tie up with Vodaphone to stream TV content to mobile apps (for example) then you can sell and reinvest your profit .
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pscocoa

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Re: Halifax Share Dealing Account
« Reply #6 on: 24 February 2014, 17:15:04 »

If the price is high you need to think twice - are you buying at top of market??

This happens to people a lot and depends why you are investing and how much you can afford to lose.

If you have a long term view then fine...it is said that there are no bad deals  .. it is always a question of time i.e. if you wait long enough something will probably come right.

If you are picking shares and spending time on it then ok.
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