I had quite sizable holding of Avanti Capital shares held in Comdirect nominee account before the share consolidation took place last Friday. Unfortunately, when the market open on Friday 24th Oct I was not able to sell my holding due to the fact that Comdirect has not been allocated the new shares in my account. Consequently I suffered as the bid price dropped from 1.75 to 1.45 when Comdirectly finally alotted the shares which enable me to sell.

Anyone out there suffer in the same way? If so, are you claiming compensation from Comdirect?

I suggest you get in touch with the Financial Ombudsman immediately.

The only complaint I have about comdirect is that if you transfer money into the account it takes 4 days to get there instead of 3, but worse than that is that after leaving comdirect account, it can take 5 days for cash to be returned to your bank account. (As I discovered, when I decided to move some money from my comdirect account via my bank account to another broker. The cheque was presented 2 days before the cash got there, dispite being posted to London just as the post strike started - after the transfer was made!) Cost me 30.00 & 4.00 in bank charges.........