Raising cash

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I am a hard up student and have windfall shares from Alliance & Leicester. How do I go about selling and what do you consider a good price? I have no certificates but do receive dividends with my account number on it. P.H., Stoke, Staffordshire

Justin Urquhart Stewart from Barclays Stockbrokers says: When Alliance & Leicester shares were floated, recipients were given the option to sell the shares or hold them. In your case it would appear your shares are held in Alliance & Leicester nominee name, hence you don't have the

certificates. You will need to contact the company to see if they have a special arrangement for windfall shares.

I am a hard up student and have windfall shares from Alliance & Leicester. How do I go about selling

In response to the fair value question, if you strip out short-term sentiment, the shares look undervalued at their current price and over the medium term a value of 750p doesn't look unrealistic.

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