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1750mk1, IG will support me as much as possible, however they need the position closed as legally they cannot hold the shares beyond close today, hence their hands are somewhat tied, I have a premium account manager who to be fair has tried many different angles to get a good resolution, however basically impossible given the timeframe. Based upon the estimated time to transfer from AJ Bell of 6-8 weeks, think would have been scuppered whichever way I went. Shame but have had a good ride on CNEL, shame not to share in the ultimate spoils.
thinking about it ... probably not going to work even if you do get the account open as IG will likely not even start the transfer process straight away on request. Ideally should've been done a while ago when corporate action letters were sent out.
Think I'd wait for the share certificate in that scenario.
@cminhinnett ... for sure a transfer to be done in 1 day is not possible ... but if you can manage to get an account open on another platform online straight away then maybe you can action the transfer from IG today ... they would then take a few weeks to go through... but that is the same as holding on a platform that does handle the HKEX shares such as ii who still have to do the corss border transfer that will take a few weeks anyway.
2 issues / questions to ask...
1: can you get a new account open by applying online same day
2: will actioning the transfer be possible with the shares moving tomorrow
I think many already assumed that would be the case, I for one probably didn’t want to describe that as as you have described that is gutting. Sorry
Thanks 1750mk1 & scotlouie - Not ideal to say the least, unfortunately I believed that I would receive a share certificate, however found out today that is not possible :-( Have spoken to AJ Bell and one other and they have advised that a transfer in 1 day is impossible. Gutted
Without digging too deep I would consider actioning a transfer from IG to another platform today if possible ... obviously you would need another platform set up to transfer to so that may not be possible in time but worth ringing round a few to find out.
It might be messy due to you transferring AIM shares that will no longer be on AIM from tomorrow. Not an ideal scenario.
sorry cm, im with HL cant help.
Any experience of advice please?
Does anybody else currently hold their shares with IG? I have just been advised that they either have to transfer them out today or exit the trade as legally they are not able to hold the shares beyond the close of market today. Any ideas how to get a better solution?