Should I sell my (handful of) Barclays shares?
Discussion
I inherited a small number of shares in Barclays a while back. There are 125 'ordinary shares' which the dividend letter claims to be worth 25p each. I'm not financially minded (as you can probably tell), but I presume that just equates to 125 x 25p = roughly 30 quid?
Is it worth hanging on to them or should I just cash them in for the value of a few rounds?
Is it worth hanging on to them or should I just cash them in for the value of a few rounds?
Barclay's shares are trading at about 295p at the moment, so your holding is worth somewhere nearer £370. The 25p bit is the nominal value they were initially issued at I believe.
As to whether you hold onto them or not is up to you. Do you need the £300-odd quid? From memory Barclay's shares dipped as low as 50p during the banking crisis, but prior to that had been about trading fairly consistenly above £5 and been as high as £8. Where they go from here is beyond my crystal ball.
As to whether you hold onto them or not is up to you. Do you need the £300-odd quid? From memory Barclay's shares dipped as low as 50p during the banking crisis, but prior to that had been about trading fairly consistenly above £5 and been as high as £8. Where they go from here is beyond my crystal ball.
Thanks.
I actually Googled 'Barclays share value' and saw they were at 295, but it didn't say 295 what exactly. I naively assumed it was some sort of abstract banking unit rather than pence.
Hmm, like you say, it becomes a crystal ball matter. With the recession still far from over I'm guessing it could be a while until they're worth significantly more than the current £2.95/share, and given I'm having my own mini financial crisis £370 or so would be rather handy. On the other hand, double that in a year's time - for sake of argument - would be even nicer.
What's involved in selling them back if I do decide to do it?
Deva Link said:
You weren;t joking when you said you didn't know anything!
Have they actually been transferred into your name?
I'm a journalist, not a stock broker... Have they actually been transferred into your name?
Yes, they've been transferred into my name. I suppose it's a fair point that the person who knew enough to transfer them correctly into my name would be a good first point of call for this question.
Deva Link said:
Chris71 said:
What's involved in selling them back if I do decide to do it?
You weren;t joking when you said you didn't know anything!Have they actually been transferred into your name?
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