+ How long does it take to sell shares?
Provided that we have received all required documents, we will aim to sell the shares within 1-2 working days.
+ What are the costs associated with selling shares?
When you sell shares brokerage is charged to facilitate the sale.
This involves a minimum charge or a percentage value of the gross sale proceeds. Bellmont's brokerage charge is $82.50 or 0.825% including GST which can be explained by the below examples:
*Example 1: The sale of 1,000 shares of Telstra (TLS) at $4.50 Gross sale proceeds: $4,500 Less Bellmont’s fee: $82.50 (as the total sale is less than $10,000) Net proceeds to be credited to your bank account: $4,417.50.
*Example 2: The sale of 1,000 shares of Commonwealth Bank of Australia (CBA) at $85.00 Gross sale proceeds: $85,000 Less Bellmont’s fee: $701.25 ($85,000 x 0.825%) Net proceeds to be credited to your bank account: $84,298.75
+ What price will my shares be sold at?
The sale price will be determined by the market price of each particular stock at the time of sale. If you would like to set a price to sell your shares, please contact our dealing desk on 1300 368 295
+ When do i receive the sale proceeds
We settle the sale gross proceeds, less our brokerage fee directly to your nominated bank account within t+2 days.
+ What are issuer sponsored shares
Issuer sponsored shares are holdings that are not held through a broker, but rather directly with a particular share registry. Issuer sponsored shares can be identified on a holding or dividend statement, which will display a ten digit number starting with an 'I'.
+ What are CHESS or broker sponsored shares?
CHESS, or Broker sponsored shares are held with a stock broker (like commsec) rather than a share registry such as computershare or link market services. Broker or CHESS sponsored shares can be identified on holding or dividend statement, which will display a ten digit number starting with an 'X'.
+ Can I sell more than one company at a time?
Yes you can. Our sale form enables you to include as many shareholdings as you like.
+ What are the main share registries in Australia?
There are five main share registries in Australia:
Computershare Investor Services
T: 1300 850 505
Link Market Services
T: 1300 554 474
Advanced Share Registry
Automic Share Registry
+ How can i tell what share registry my shares belong to?
There are a few ways to determine where your shares are held:
- Check a dividend or holding statement, on the top right hand side you will see the name of the share registry - for example Computershare Investor Services
- Go to asx.com.au and search for your company. Under "Details" you will see what registry the company belongs to.
+ I live overseas, can you still assist?
Depending on your circumstance, we may be able to help you sell your shares, even if you are living overseas. Please call our desk on +61 2 8042 1990 or email our team at email@example.com