Tuesday, November 19th, 2013 - sellmyshares.com.au

Australian Investors Can Now Sell Shares Online Without a Share Trading Account


Website:  www.sellmyshares.com.au


One in three Australian directly own shares.  That equates to some 5.98 million or 34% of the population, one of the highest proportions in the world.

[Source: http://www.asx.com.au/documents/resources/asx-sos-2012.pdf]

A good portion of us ended up with at least some of our shares through the demutualisation of the big insurers such as NRMA (now IAG), AMP, NIB and so on.  In the demutualisation of NIB for example, 320,000 policy holders ended up with between 100 and 6,000 shares each, with the average allocation being about 1,450 shares, worth about $3,600 at today’s value.

[Source:  http://www.theaustralian.com.au/business/nib-prescribes-6000-shares-each-in-demutualisation-operation/story-e6frg8zx-1111113709802]

These ‘free’ shares are a welcome bonus to many, but the parcel size is often so small that the barrage of paperwork is not really worth the economic benefit of the shareholding. 

Big public floats like Telstra and Myer are also responsible for recruiting virgin shareholders.  Telstra alone has 1.4 million shareholders, with 48% of shareholders owning less than 1,000 shares each. 

[Source: Page 199 of http://www.telstra.com.au/abouttelstra/download/document/Telstra-Annual-Report-2013.pdf]

sellmyshares.com.au is the brainchild of Australia’s largest non-bank owned stockbroker, BBY Limited. 

[more about BBY at www.bby.com.au]

The one off share sale service allows shareholders to easily sell their shares using a secure online submission form, and uniquely, an online identity verification process.  All of this means the investor can turn their shares into cash with minimal time and fuss.

One off share sale specialist, David Beros stated “We saw a gap in the market for shareholders who didn’t want an ongoing relationship with a stockbroker; they just want to cash in their small share parcels quickly and easily, and move on”.

Data supplied by sellmyshares.com.au shows the top three most popular shares being sold through the service since launch of the service in September 2013.

Company

ASX Code

% off One Off Sales

Insurance Australia Group Ltd

IAG

28%

Tesltra Corporation Ltd

TLS

13%

AMP Ltd

AMP

10%

 

Video

Contact Profile

sellmyshares.com.au



 


Jason Davis
P: 1300 722 852
M: 0400640645
W: www.sellmyshares.com.au

Keywords

shares, investing, stocks, sharemarket, asx, sell shares, sell my shares, sell shares online

Categories

Newsrooms

Sharing

More Formats