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I just received my letter from HSBC saying they will transfer the shares into my name on Aug 19th as they are not trading on any recognised stock exchange. Not sure what to do with them tbh
correction Accustem worth around 25p/share
Thanks Wolfbag2. No much appreciated!
Saints - it really depends on a number of things and the question isn't as simple as it seems
Broadly speaking it is going to depend on your own personal circumstances but depends on
i) how much your Accustem shares are actually worth ( I think they are about 0.25pence/share) so do the math
ii) whether you have US and/or UK shareholdings
If your shareholding in Accustem is worth around £700 or less - it will probably be simply best to get HSBC to sell your shares and credit your HSBC account with the proceeds (indeed this may or may not be their default option if you do nothing ! - I suggest you find out what they propose to do if you indeed "do nothing") - be aware that a number of brokers aren't planning on trading Accustem shares in one or both markets at this time anyway - indeed Trading212 took the easy option with my US allocation there and simply sold them at the earliest opportunity and credited my account - this is likely to be the case with many of the cheap trading brokerages
If your shares are of minimal value then you may ultimately incur dealing charges which will means that it may not really be worth the hassle of holding on to them
I'd probably try to get HSBC to recommend a broker but I doubt they will actually do this ! and also see if they are able to SELL your shares
Please dont take this as financial advice - DYOR - wish you the best whatever decision you make !
Hargreaves Lansdown will do, you'll need to complete a form to enable you to trade on American markets.
Others will do it too.
So I'll be honest I'm a complete novice at this. Got a letter from HSBC saying I have to move my accustem shares to a different broker but I have no idea which ones will allow me to trade Accustem. Any advice gratefully received!