Sold shares

deanozoff · Post by **deanozoff** » 26 Oct 2016, 09:34

I just got a £25 payment from Equinity this morning, anyone know what this could be?

brentford · Post by **brentford** » 26 Oct 2016, 11:03

deanozoff wrote:I just got a £25 payment from Equinity this morning, anyone know what this could be?

i hope it's not the remainder of your share money after your deductions and costs

Pharox · Post by **Pharox** » 26 Oct 2016, 12:06

deanozoff wrote:I just got a £25 payment from Equinity this morning, anyone know what this could be?

As far as I know, its the tax free proceeds from selling the shares above the £4.89 threshold. For example, if you sold at £5.00, you would get 11p per share tax free, that is transferred into your bank account. Each of the shares that are sold under £4.89 would be taxable. If 500 shares sold at £5.00 per share = £2500 total. £55 tax free, £2445 would be taxable. But please don't quote me on that.

Jambomatt1874 · Post by **Jambomatt1874** » 26 Oct 2016, 13:24

Definitely paid 4th Nov. Just phoned equinity as payroll said it was nothing to do with them. According to equinity they've already transferred money to Royal Mail and they been told that it will be added to wages next week.

Post by **Theghost** » 26 Oct 2016, 13:59

Jambomatt1874 wrote:Definitely paid 4th Nov. Just phoned equinity as payroll said it was nothing to do with them. According to equinity they've already transferred money to Royal Mail and they been told that it will be added to wages next week.

How can payroll say its nothing to do with them? They are the ones sorting tat and National insurance out,My share proceeds were sent to Royal Mail last wednesday,So no excuse for it not being in this weeks wage,If it is put in next weeks i want the interest they have earned on the 2 weeks they will have held it for,They will be making a small fortune if they hold on to all that money.

Andy_07 · Post by **Andy_07** » 26 Oct 2016, 14:06

I phoned Equinity too and was told 4th November

eddie5887 · Post by **eddie5887** » 26 Oct 2016, 15:54

Will soon see when wage slips come in tomorrow. If it isn't in this weeks wages then HR are going to be inundated with calls for another week.

Jhaigh82 · Post by **Jhaigh82** » 26 Oct 2016, 16:05

eddie5887 wrote:Will soon see when wage slips come in tomorrow. If it isn't in this weeks wages then HR are going to be inundated with calls for another week.

And rightly so the shower of ***** they've had the money since last Wednesday and people got told it would be in the following pay date, which would be this Friday. Utter shambles. Shouldn't be surprised like.

Edit: wouldn't be surprised either if wage slips are delayed till Friday

eddie5887 · Post by **eddie5887** » 26 Oct 2016, 16:27

Totally agree. I will be one of them making the phones constantly ring asking where the money is. Wouldn't be the first time my wage slip has taken a trip somewhere else, especially when o/time etc is owed

Post by **cobrakai** » 26 Oct 2016, 16:31

If it's millions of pounds,that are in the companies accounts doesn't that affect the value of the company too. It stinks

Post by **TrueBlueTerrier** » 26 Oct 2016, 16:32

Jhaigh82 wrote:
eddie5887 wrote:Will soon see when wage slips come in tomorrow. If it isn't in this weeks wages then HR are going to be inundated with calls for another week.

And rightly so the shower of ***** they've had the money since last Wednesday and people got told it would be in the following pay date, which would be this Friday. Utter shambles. Shouldn't be surprised like.

Edit: wouldn't be surprised either if wage slips are delayed till Friday

But don't forget that shower of ****** as you call them, are not responsible for the policy of Royal Mail. They like us when delivering, are only acting on dictates from above. If anyone really thinks that a call handler or HR staffer or wages clerk on the end of the phone is to blame, then they need their heads read.

Treat them with respect, just like you expect Customers to treat you.

Post by **TrueBlueTerrier** » 26 Oct 2016, 16:36

cobrakai wrote:If it's millions of pounds,that are in the companies accounts doesn't that affect the value of the company too. It stinks

No its a forecast debit and will be placed in separate accounting procedure. It will have NO effect on the value of Royal Mail at all. In fact the reverse is more likely, if they are seen as holding on to it for any reason then that may affect the share price because the rumour mill will start and nervous investors will put 2 and 2 together, come up with -5 and will bail on the shares. Perhaps leading to a run on selling.

Post by **cobrakai** » 26 Oct 2016, 16:39

TrueBlueTerrier wrote:
Jhaigh82 wrote:
eddie5887 wrote:Will soon see when wage slips come in tomorrow. If it isn't in this weeks wages then HR are going to be inundated with calls for another week.

And rightly so the shower of ***** they've had the money since last Wednesday and people got told it would be in the following pay date, which would be this Friday. Utter shambles. Shouldn't be surprised like.

Edit: wouldn't be surprised either if wage slips are delayed till Friday
But don't forget that shower of ****** as you call them, are not responsible for the policy of Royal Mail. They like us when delivering, are only acting on dictates from above. If anyone really thinks that a call handler or HR staffer or wages clerk on the end of the phone is to blame, then they need their heads read.

Treat them with respect, just like you expect Customers to treat you.

I agree it's not HR fault,they have obviously been told to hold on to the money. They are just people on the coalface like us while the fat cats pull the strings,I'm guessing some of them are in the same predicament.

eddie5887 · Post by **eddie5887** » 26 Oct 2016, 16:40

Agree that HR, Payroll etc are not the ones to blame, but surely if they are receiving high call volumes from staff etc regarding a particular question (ie) when will we receive money from the sale of shares, then surely they should be addressing this issue with a response from them above?

Post by **cobrakai** » 26 Oct 2016, 16:41

TrueBlueTerrier wrote:
cobrakai wrote:If it's millions of pounds,that are in the companies accounts doesn't that affect the value of the company too. It stinks

No its a forecast debit and will be placed in separate accounting procedure. It will have NO effect on the value of Royal Mail at all. In fact the reverse is more likely, if they are seen as holding on to it for any reason then that may affect the share price because the rumour mill will start and nervous investors will put 2 and 2 together, come up with -5 and will bail on the shares. Perhaps leading to a run on selling.

Cheers I don't understand it properly if I'm honest,i was just thinking out loud.