Selling shares in Monzo from crowdfunding round?


#141

Congrats on your purchase :sunglasses:


(Frank) #142

Are the third round shares tied to the second round at all? So could I sell round 2 and keep round 3?

Also any HMRC impacts I need to consider if selling?


(Frank) #143

Just emailed Crowdcube to get the ball rolling. :+1:t2:


#144

And what price are you looking at for your shares?

Feels like a market is starting up!


#145

You can sell whatever round you want, you are not forced to sell other rounds


#146

HMRC impacts come into play on shares which are eligible for, and you claimed for, EIS or SEIS relief under the HMRC forms provided by the crowdfunding company. I do not think Focus FS, Mondo or Monzo had such status for round 1, 2 or 3 shares.


(Frank) #147

Yeah pretty sure I said no to that. Though I don’t recall fully. Sure it can be confirmed though.


(Jolin) #148

It’s actually the exact opposite: that is looking extremely likely!

(I also seem to remember they recently hired someone to oversee the process.)


#149

Great news. It has always been highly restricted before, now more Monzo customers will stand a chance of getting their bids successful this time around :slight_smile:


(Dan) #150

Capital gains tax. Profit from the disposal of shares is usually taxable.

https://www.gov.uk/tax-sell-shares


(🤦‍♂️ abofm.club 🤦‍♂️) #151

I keep missing this. Anyone looking to sell shares, hit me up. I’m willing to talk prices above current value.


(Frank) #152

I have not been given approval yet but do wish to sell my 498 shares (and keep my block of 73). Though my target is at least £5 which I know means it’s not going to be a quick sale (for the record this has alway been my target even if they were on the open market).

@Christophorus I replied direct to your post but it’s not reflecting it :+1:t2:


(🤦‍♂️ abofm.club 🤦‍♂️) #153

Sadly, as it has to be all of them I can’t afford that amount :frowning:


(Michael) #154

Are they only sellable as one block?


(Frank) #155

Yeah it’s a single block from round 2 so cannot be split.


#156

Yes. Monzo only permit sale as a block on a per round basis and not a sale of part of your sales per block, so if you get 500 in round 2 you can’t sell 300 of them only 500, if you get 200 in round 1 and 300 in round 2 you can sell all from one round but keep those from another round as you are not forced to sell all rounds.


(Frank) #157

I would still like to be an investor otherwise I would have sold the smaller block.


(🤦‍♂️ abofm.club 🤦‍♂️) #158

I’ll catch one I can afford one day.


#159

If Monzo marketplace was up and running and able to advise on power companies, best saving rates etc, I wonder if it could prudently recommend purchase of unlisted shares in a start up fin tech?


#160

You never know the share price may be lower than £5 for the next funding round and hopefully we’ll all have a chance to grab some. Last share purchase was at £3.07 so £5 is a big mark up.

However saying that who know what we are valued at now.