Moving from Goodbody to DeGiro, and consolidating shareholdings

Geuze

I am planning on transferring the few shares I have from Goodbody to DeGiro, and I welcome any advice on my plan.

Background: ex-NIB customer, those customers transferred to Goodbody Online, where the account fee is 26 pa incl VAT.

Foolishly bought all 4 banks, approx 2,000-3,000 into each back in 2007/2008, now I'm left with
12 ptsb shares, at about 2.50 each
3 AIB shares at about 9.80 each
4,747 BoI shares, bought at various prices from 10 euro to 25 cent
Ryanair shares

I'm not sure why the holdings in ptsb and AIB are so low, I presume some sort of capital consolidation - can anybody advise??

The Goodbody fee has increased to 60 subject to VAT, which means approx 75 euro, so I want to leave for DeGiro, much lower fees, 2.50 pa fixed fee per exchange.

Goodbody charge 13 per share to transfer out, subject to a min of 40.

https://www.goodbody.ie/help.html

DeGiro charge 10 per position to transfer in/out.

https://www.degiro.ie/fees.html

Question - it seems sensible to sell AIB and PTSB, rather than transfer them over?

I will have to pay 25 + 25 fees on sales, then 40 to transfer out the remaining two shares as well as the 75 annual fee, maybe 165 in total.

Then 20 to transfer in to DeGiro, and 2.50 pa fixed fee.

Can anybody spot any problems with my plan?

Thanks.

newacc2015

Geuze wrote: »

I am planning on transferring the few shares I have from Goodbody to DeGiro, and I welcome any advice on my plan.

Background: ex-NIB customer, those customers transferred to Goodbody Online, where the account fee is 26 pa incl VAT.

Foolishly bought all 4 banks, approx 2,000-3,000 into each back in 2007/2008, now I'm left with
12 ptsb shares, at about 2.50 each
3 AIB shares at about 9.80 each
4,747 BoI shares, bought at various prices from 10 euro to 25 cent
Ryanair shares

I'm not sure why the holdings in ptsb and AIB are so low, I presume some sort of capital consolidation - can anybody advise??

The Goodbody fee has increased to 60 subject to VAT, which means approx 75 euro, so I want to leave for DeGiro, much lower fees, 2.50 pa fixed fee per exchange.

Goodbody charge 13 per share to transfer out, subject to a min of 40.

https://www.goodbody.ie/help.html

DeGiro charge 10 per position to transfer in/out.

https://www.degiro.ie/fees.html

Question - it seems sensible to sell AIB and PTSB, rather than transfer them over?

I will have to pay 25 + 25 fees on sales, then 40 to transfer out the remaining two shares as well as the 75 annual fee, maybe 165 in total.

Then 20 to transfer in to DeGiro, and 2.50 pa fixed fee.

Can anybody spot any problems with my plan?

Thanks.

It would be cheaper to have them all transferred out to Degiro. €40 fee to Goodbody and €40 fee to Degiro, grand total of €80.

It is cheaper than €40 to Goodbody for transferring out and €50 for the sale of the 2 sets of shares. Than another €20 to transfer in to Degiro. Which is €110

aidanki

how do you go about doing transfer

Geuze

newacc2015 wrote: »

It would be cheaper to have them all transferred out to Degiro. €40 fee to Goodbody and €40 fee to Degiro, grand total of €80.

It is cheaper than €40 to Goodbody for transferring out and €50 for the sale of the 2 sets of shares. Than another €20 to transfer in to Degiro. Which is €110

The Goodbody fee is 13 out, with a 40 min, so all four shares out would cost 52. So grand total of 92.

But I see your point.

The alternative is sell 2 banks, 50 euro, transfer out 40 euro, and transfer in 20 euro = 110 euro.

Thank you very much.