Selling BOI shares

S

savanna

New Member
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3
I have 134 Bank of Ireland shares which are valued at approx 1300 euro. Computershare won't sell them and I was advised to contact Goodbodys or Davys. This is the response from Goodbodys
'Unfortunately, Goodbody cannot facilitate the opening of accounts that do not meet the minimum initial investment requirement of EUR 5,000.00.'
I received no response from Davys. How can my right to sell a stock in a Company which is still trading just be taken away from me with no action from the Financial Regulator.
 
It's a tough one.

On the one hand, you should be able to sell your shares.

On the other, it's reasonable for a stockbroker to have a minimum value.

But maybe they should have a minimum transaction fee of €500 say, and then it would be worth their while selling your shares for you.
 
It seems reasonable to me that any company sets the terms and conditions that it will do business on. While it might limit their client base that's ultimately their choice.

After that it's up to potential customers to decide if they want to avail of those services under those very T&C's.

If you're not happy with their offering why not look elsewhere? At a minimum if follow up with Davy's again. Are you limited to just the two Irish brokers?

savanna said:
How can my right to sell a stock in a Company which is still trading just be taken away from me with no action from the Financial Regulator.
Click to expand...

What did the Regulator say when you contacted them?
 
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I intend to contact the regulator. Goodbody and Davy are the only options Computershare gave me when I contacted them. They didnt give me any other option to sell them. If anybody knows somewhere else I can sell them that would be great.
 
So as Clubman has pointed out, the shares are now in electronic form rather than paper form.

This should make it easier to move them to one of the online brokers who will sell them for you.
 
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