Share price bid/ask spread?

[LeadFarmer]

I just went to buy some Greggs shares, just a small amount more for fun than anything, and I've heard they give out free Greggs food at their AGM

Anyway, when I went to deal using Halifax, the spread price was 1577p/1580p, which I thought meant the buy price was 1580p and the sell price being 1577p, but after I executed the purchase and looked at my statement it says I bought them at 1660p which is about £1 more???

Any idea why??

Edited by LeadFarmer on Tuesday 5th May 15:04

[egomeister]

Did you actually check what price the trade was going to execute at?

Where are you getting the buy price? Is it the trade confirmation, or are you looking at your account balance - perhaps it gives you an all in cost including dealing?

[T5SOR]

There were either in auction at the time or you bought a small number and that average includes your tradings fees.

[LeadFarmer]

egomeister said:

Where are you getting the buy price? Is it the trade confirmation, or are you looking at your account balance - perhaps it gives you an all in cost including dealing?

T5SOR said:

There were either in auction at the time or you bought a small number and that average includes your tradings fees.

I did only purchase a small number, so maybe thats what happened. My Halifax statement says I bought them at the higher price, so perhaps thats the average price when taking their £12.50 commission into consideration?

[HighwayStar]

LeadFarmer said:

egomeister said:

Where are you getting the buy price? Is it the trade confirmation, or are you looking at your account balance - perhaps it gives you an all in cost including dealing?

T5SOR said:

There were either in auction at the time or you bought a small number and that average includes your tradings fees.

I did only purchase a small number, so maybe thats what happened. My Halifax statement says I bought them at the higher price, so perhaps thats the average price when taking their £12.50 commission into consideration?

Yep, you got it. The total cost of the deal is factored in the price, per share.

[LeadFarmer]

HighwayStar said:

Yep, you got it. The total cost of the deal is factored in the price, per share.

Relief, thanks. I thought Greggs had overcharged me to the tune of a sausage roll per share!!!!

[anonymous-user]

Should be easy to work out, based on the number of shares you bought?

[egomeister]

If you look in your online account > valuation and statements > dealing history you should be able to pull up your trade confirmation which will break the purchase / charges down.

[LeadFarmer]

Thanks everyone, I feel a bit daft now!!

Anyway, since buying them earlier today my holding has gone up in value to the tune of two Greggs sausage rolls.
I wonder if they give discount cards to share holders, mmmmmmmmm...

[Simpo Two]

LeadFarmer said:

Anyway, since buying them earlier today my holding has gone up in value to the tune of two Greggs sausage rolls.
I wonder if they give discount cards to share holders, mmmmmmmmm...

I can see the option list now:

'Would you like dividends (a) reinvested (b) sent to your bank account (c) posted to you as sausage rolls?'

Right now I'm considering Genoa cake futures...

[LeadFarmer]

I just bough the shares via my Halifax share trading account

[Condi]

Also will include tax in that total.

Obviously, if you buy 100 shares your dealing cost per share is considerably less than if you buy 10 shares.

EDIT - Also they will be valued on your screen at the sell price, so even without the tax or dealing cost your share price will show a loss at the moment you buy.

Edited by Condi on Wednesday 6th May 15:32