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Easiest way to sell shares Kerry group

  • 19-01-2012 11:22pm
    #1
    Gun Shy
    Registered Users Posts: 207 ✭✭


    Hi all
    Firstly not experienced in any way so welcome advice on this.
    Elderly relative inherited some shares in Kerry coop (not a lot i might add) last October or so some of them got converted into Kerry Group shares so they now have circa 120 Kerry plc shares which are worth circa €28 each.
    They want to sell them to do some home improvements, I want to help them as much as I can by pointing them in the right direction. It's not easy for them to get around but they can get to their local bank (small town)
    What's the easiest way for them to go about it, they are banking with BoI can they do it through them I can't seem to find anything online though in relation to that.
    AIB can sell the shares but somebody said to me that they were expensive also when I rang them up they said the person would have to have a bank account with them.

    Is there an easy way for them to do It or is AIB the only easy option and take he hit on the higher commission.
    I'm also aware that capital gains may be an issue for them and have explained that but considering the sum is smallish I'm presuming it will be a small amount payable after you take the first €1200 or so out of it.

    They just want to sell all shares quick as possible with the least fuss.

    Any ideas
    Thanks


Comments

  • #2
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    Gun Shy wrote: »
    Hi all
    Firstly not experienced in any way so welcome advice on this.
    Elderly relative inherited some shares in Kerry coop (not a lot i might add) last October or so some of them got converted into Kerry Group shares so they now have circa 120 Kerry plc shares which are worth circa €28 each.
    They want to sell them to do some home improvements, I want to help them as much as I can by pointing them in the right direction. It's not easy for them to get around but they can get to their local bank (small town)
    What's the easiest way for them to go about it, they are banking with BoI can they do it through them I can't seem to find anything online though in relation to that.
    AIB can sell the shares but somebody said to me that they were expensive also when I rang them up they said the person would have to have a bank account with them.

    Is there an easy way for them to do It or is AIB the only easy option and take he hit on the higher commission.
    I'm also aware that capital gains may be an issue for them and have explained that but considering the sum is smallish I'm presuming it will be a small amount payable after you take the first €1200 or so out of it.

    They just want to sell all shares quick as possible with the least fuss.

    Any ideas
    Thanks

    if it was me , id hold on to them , kerry is a great company with a bright future in a very healthy sector of the economy , if however your relative just wants to be rid of them , sign up with a stockbroker


  • #3
    brucewedders
    Registered Users Posts: 10 ✭brucewedders


    irishh_bob wrote: »
    Gun Shy wrote: »
    Hi all
    Firstly not experienced in any way so welcome advice on this.
    Elderly relative inherited some shares in Kerry coop (not a lot i might add) last October or so some of them got converted into Kerry Group shares so they now have circa 120 Kerry plc shares which are worth circa €28 each.
    They want to sell them to do some home improvements, I want to help them as much as I can by pointing them in the right direction. It's not easy for them to get around but they can get to their local bank (small town)
    What's the easiest way for them to go about it, they are banking with BoI can they do it through them I can't seem to find anything online though in relation to that.
    AIB can sell the shares but somebody said to me that they were expensive also when I rang them up they said the person would have to have a bank account with them.

    Is there an easy way for them to do It or is AIB the only easy option and take he hit on the higher commission.
    I'm also aware that capital gains may be an issue for them and have explained that but considering the sum is smallish I'm presuming it will be a small amount payable after you take the first €1200 or so out of it.

    They just want to sell all shares quick as possible with the least fuss.

    Any ideas
    Thanks

    Hi, I'm just wondering if you managed to sell the shares and how did you go about it?


  • #4
    Nonoperational
    Registered Users Posts: 7,401 ✭✭✭Nonoperational


    Hopefully they didn't...


  • #5
    brucewedders
    Registered Users Posts: 10 ✭brucewedders


    Why do you say that? I'm in a similar situation. Been left old Kerry co-op shares and would like to sell them just don't have a clue how to go about it.


  • #6
    Tombo2001
    Registered Users Posts: 6,464 ✭✭✭Tombo2001


    When you say you were 'left' these shares.....

    do you have share certificates?

    are they being held in an account on your behalf?

    who has custody of the shares?

    If they are being held in an account, for example a stockbroker account, on your behalf, then ask the broker to sell them.....(bearing in mind they will charge you a lot).

    A port of call for any Kerry folk might be Fexco. The company owns Goodbody Stockbrokers in Dublin.....Fexco might be able to put you in the right direction.


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  • #7
    Tombo2001
    Registered Users Posts: 6,464 ✭✭✭Tombo2001


    irishh_bob wrote: »
    if it was me , id hold on to them , kerry is a great company with a bright future in a very healthy sector of the economy , if however your relative just wants to be rid of them , sign up with a stockbroker


    exactly the reason to sell them.....

    (I'm being facetious here, but my point is that these things come and go in cycles......at the height of the technology boom, no one was interested in boring old food stocks and boring old Kerry Group.....)


  • #8
    Nonoperational
    Registered Users Posts: 7,401 ✭✭✭Nonoperational


    brucewedders wrote: »
    Why do you say that? I'm in a similar situation. Been left old Kerry co-op shares and would like to sell them just don't have a clue how to go about it.

    Because they are worth €38 a share now as opposed to €28 when they were thinking of selling! :)


  • #9
    brucewedders
    Registered Users Posts: 10 ✭brucewedders


    Cheers for that. Ya I inherited them and have the share certs for both old and new since they were transferred. Looking to cash them both in.


  • #10
    jacob1234
    Registered Users Posts: 1 ✭jacob1234


    Kerry group shares are now €51, who would have predicte d this when this was originally posted. supposedly the bank is the easiest place to sell shares and you can sell approx €2000 worth exempt from Cgt each year


  • #11
    moll3
    Registered Users Posts: 145 ✭✭moll3


    what do ye think about kerry plc shares now that their nearly a 100 euro..............sell?


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  • #12
    Rojomur
    Registered Users Posts: 62 ✭✭Rojomur


    I see they are falling at the moment again...€93 as of today...Anyone know is this usual trend coming up to the dividend payout? Or does anyone know for a reason for recent drop?


  • #13
    jhncrwly
    Registered Users Posts: 40 ✭jhncrwly


    Rojomur wrote: »
    I see they are falling at the moment again...€93 as of today...Anyone know is this usual trend coming up to the dividend payout? Or does anyone know for a reason for recent drop?

    There is usually a bit of a drop off prior to the ex dividend date for sure as some investors fear poorer than expected results, also the uncertainty around Brexit is a factor in the relative volatility of Kerry's price. I expect this to continue for the year ahead at least. They are a very strong company in a growing sector, they've put a lot of emphasis on growth through acquisition as opposed to generous divided payments. I have a few of these and would not like to sell.


  • #14
    Frogdog
    Registered Users Posts: 983 ✭✭✭Frogdog


    I sold some Kerry Co-Op shares recently.

    For anyone looking to buy or sell Kerry Co-Op shares, CQ Investments have some sort of agreement with Kerry to do so:

    https://brokersireland.ie/broker/c-q-investments-limited/


  • #15
    kerryjack
    Registered Users Posts: 1,556 ✭✭✭kerryjack


    How much are they making now if you dont mind me asking


  • #16
    Rojomur
    Registered Users Posts: 62 ✭✭Rojomur


    kerryjack wrote: »
    How much are they making now if you dont mind me asking

    Theyre dropping consistently the last 4 weeks from all time high of €98.80 to just over €90 as of today.


  • #17
    kerryjack
    Registered Users Posts: 1,556 ✭✭✭kerryjack


    Thats kerry group looking how much he got for kerry co op shares


  • #18
    Frogdog
    Registered Users Posts: 983 ✭✭✭Frogdog


    Can't remember the exact price, but something around €250 a share is stuck in my head. Could be wrong though.


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