How to sell some shares?
Discussion
My father has asked me to help him sell some shares and I have no idea what to do so thought I ask for your help.
He has some shares in Brew Dog and wants to sell them but he's told me that he can't sell them via his bank, all he knows is that they are worth £23.75 each.
I've, obviously, had a Goggle and it seems that you can't sell the shares but to be honest I don't understand much (anything!) about shares.
Full disclosure: He wants to sell them to give me and his stepson half each so he can enjoy us getting the money before he dies, so any help gratefully received!
He is retired and doesn't need the money, if he did there is no way I would take a penny from him!
Thanks in advance.
If anyone wants to buy them PM me!
He has some shares in Brew Dog and wants to sell them but he's told me that he can't sell them via his bank, all he knows is that they are worth £23.75 each.
I've, obviously, had a Goggle and it seems that you can't sell the shares but to be honest I don't understand much (anything!) about shares.
Full disclosure: He wants to sell them to give me and his stepson half each so he can enjoy us getting the money before he dies, so any help gratefully received!
He is retired and doesn't need the money, if he did there is no way I would take a penny from him!
Thanks in advance.
If anyone wants to buy them PM me!
Jon39 said:
The arrangements for Brewdog seem different from usual because - not on exchange.
To transfer quoted shares to family or other people, simply involves contacting the registrars. No need to sell.
When you 'registrars' do you mean at Brew Dog?To transfer quoted shares to family or other people, simply involves contacting the registrars. No need to sell.
I'm not sure that he would be happy just transferring them as he specifically said about seeing us enjoy the cash.
If you really can't sell them for cash what is the point of owning them? I thought you bought shares and if the value went up you could sell them for profit.
skeggysteve said:
When you 'registrars' do you mean at Brew Dog?
I'm not sure that he would be happy just transferring them as he specifically said about seeing us enjoy the cash.
If you really can't sell them for cash what is the point of owning them? I thought you bought shares and if the value went up you could sell them for profit.
The difference here is they are not listed on an exchange. So the same way if you owned e.g. a half share in a local shop, it is worth something but selling it is not as easy as selling e.g. BA shares. Of course Brewdog may list in the future. I'm not sure that he would be happy just transferring them as he specifically said about seeing us enjoy the cash.
If you really can't sell them for cash what is the point of owning them? I thought you bought shares and if the value went up you could sell them for profit.
I just spent time reading more about these shares and think I understand more about them.
They can be 'gifted' and Brew Dog has a link to a 'Stock transfer form' from Computershare Investor Services PLC.
One part of the form is about 'Consideration Money' which says that if the amount is over £1000 then stamp duty is payable.
How is this different to selling the shares?
I also see that they do a day when shareholders can trade their shares via Asset Match. The last one listed was for October 2016 where the share price was £47.50. So as the current price is £23.75 does that mean that the shares are falling in value or am I missing something obvious?
Again, many thanks in advance, as you can tell I'm well out of my depth with this!
They can be 'gifted' and Brew Dog has a link to a 'Stock transfer form' from Computershare Investor Services PLC.
One part of the form is about 'Consideration Money' which says that if the amount is over £1000 then stamp duty is payable.
How is this different to selling the shares?
I also see that they do a day when shareholders can trade their shares via Asset Match. The last one listed was for October 2016 where the share price was £47.50. So as the current price is £23.75 does that mean that the shares are falling in value or am I missing something obvious?
Again, many thanks in advance, as you can tell I'm well out of my depth with this!
Bit of stuff here
https://www.brewdog.com/lowdown/blog/agm-announcem...
"Our Equity Punks will be given the chance to realise some of their gains if they would like to do so. Equity Punks will be contacted next week with the opportunity to sell 15% of their shares (capped at 40 shares per investor) at the £1bn valuation."
So that ship has sailed for now but could only sell 40 shares anyway.
This would seem to be the most recent bit of news.
https://www.theguardian.com/business/2017/oct/20/p...
"But while BrewDog’s beer may flow freely, the market for its shares is less fluid....But Equity Punks who do sign up may only sell during annual windows decided by the company and founder-boss, James Watt, the largest shareholder with a 25% stake.
That means that while those who invested in the first of BrewDog’s five crowdfunding rounds may be sitting on a paper return of 2,765% – and some have happily cashed out – such a rise has yet to be tested under normal market conditions.
Like Fever-Tree, one route to crystallising BrewDog’s value is a stock market listing. Watt insists the company could only go public if it can protect its sacred cows, such as its 20% profit giveaway, with half shared among staff and half going to charity."
So in summary i would be looking to sell some in that annual window. Regarding the rest, I think you are stuck until and if they want to officially float the company on an exchange.
https://www.brewdog.com/lowdown/blog/agm-announcem...
"Our Equity Punks will be given the chance to realise some of their gains if they would like to do so. Equity Punks will be contacted next week with the opportunity to sell 15% of their shares (capped at 40 shares per investor) at the £1bn valuation."
So that ship has sailed for now but could only sell 40 shares anyway.
This would seem to be the most recent bit of news.
https://www.theguardian.com/business/2017/oct/20/p...
"But while BrewDog’s beer may flow freely, the market for its shares is less fluid....But Equity Punks who do sign up may only sell during annual windows decided by the company and founder-boss, James Watt, the largest shareholder with a 25% stake.
That means that while those who invested in the first of BrewDog’s five crowdfunding rounds may be sitting on a paper return of 2,765% – and some have happily cashed out – such a rise has yet to be tested under normal market conditions.
Like Fever-Tree, one route to crystallising BrewDog’s value is a stock market listing. Watt insists the company could only go public if it can protect its sacred cows, such as its 20% profit giveaway, with half shared among staff and half going to charity."
So in summary i would be looking to sell some in that annual window. Regarding the rest, I think you are stuck until and if they want to officially float the company on an exchange.
skeggysteve said:
They can be 'gifted' and Brew Dog has a link to a 'Stock transfer form' from Computershare Investor Services PLC.
One part of the form is about 'Consideration Money' which says that if the amount is over £1000 then stamp duty is payable.
How is this different to selling the shares?
In effect it sounds like you can transfer the shares from one person to another - but you can't actually turn them into cash. One part of the form is about 'Consideration Money' which says that if the amount is over £1000 then stamp duty is payable.
How is this different to selling the shares?
limpsfield said:
In effect it sounds like you can transfer the shares from one person to another - but you can't actually turn them into cash.
I see what you mean, I'd missed that bit - my brain was a bit fudged with all the reading!I've found another of their website FAQs:
http://brewdog.freshdesk.com/support/solutions/art...
Part of which says:
"private shareholders can sell shares if they can find buyers, but they cannot go to eTrade or Merrill Lynch, etc. to buy or sell shares."
So they can be sold but not via the usual route.
I've just spoken to my father and he has written to them to ask what he can do, trouble is that he gave the his email address, it told him to give that on the share certificate, I just hope that they don't email him back because he's most likely given the wrong email and he doesn't check it very often.
He's in his 90's and I don't think he's their target demographic!
Thanks for all the help, I'm off to get a beer!
skeggysteve said:
I also see that they do a day when shareholders can trade their shares via Asset Match. The last one listed was for October 2016 where the share price was £47.50. So as the current price is £23.75 does that mean that the shares are falling in value or am I missing something obvious?
There have been several stock splits, I *think* it was 10:1 in March, there were earlier ones too.As mentioned there are limited opportunities to sell them and the amounts are limited. If they were bought in rounds 1 or 2 there is a big gain on paper (how many does he own?!), but it will be a good few years before you will be able to fully exit and obviously anything can happen.
The discounts are I think 10% in the bars, 20% online (although the regular beers are usually cheaper retail).
Edited by Gareth79 on Friday 17th November 18:48
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