Royal Mail to be floated on stock exchange

Goldy · 3 Oct 2013 at 11:03

Sent my application and cheque for £2k worth of shares today. The process closes next Tuesday so get your applications sorted now!

I'm confident the Government will not get value for money selling off Royal Mail, never has done before when selling an asset so why should it now?

glenimp617 · 3 Oct 2013 at 11:38

I did a similar thing with BP Shares during the oil spill

Took out a loan, said it was for a new car, put it all on BP shares lol

mmmmmm, decisions, decisions

Bear · 3 Oct 2013 at 12:21

I bought a load under an ISA wrapper, will see how it goes.

Andrew_McP · 4 Oct 2013 at 11:38

I suspect this will be massively over-subscribed, because of the dividend yield and "reliability" of the business... in the medium term anyway. Millions of savers are struggling, and this is as close to a "safe bet" as you can get in these uncertain times (even if the share price falls back a bit after an initial pop).

It'll be interesting to see what proportion of the application amounts get accepted.

Django x2 · 4 Oct 2013 at 11:42

Bear said:
I bought a load under an ISA wrapper, will see how it goes.

Same. Should be reet

413x · 4 Oct 2013 at 12:11

I thought you had to buy sell, buy to do the isa thing in this case?

Andrew_McP · 4 Oct 2013 at 12:45

al4x said:
I thought you had to buy sell, buy to do the isa thing in this case?

Apparently not. I've used Selftrade's instructions to (maybe) buy via the Share ISA I have with them.

I'm not sure why I bother with the ISA though. If I'm ever in a position to draw more than 10k out of there in any one year (rather than the 10p which looks far more likely) I'll be gloriously happy to pay my tax! :->

Bear · 4 Oct 2013 at 18:59

al4x said:
I thought you had to buy sell, buy to do the isa thing in this case?

I may be wrong but as I understand it, if you have bought shares outside of an ISA you can bring them inside by selling them and buying them back again inside your ISA account. If you open an ISA account with a broker you can buy your shares within that ISA and get the tax benefits.

covenantuk · 7 Oct 2013 at 11:36

Bump to remind people - closing date for applying for shares is tomorrow.

kibblerok · 7 Oct 2013 at 15:09

Who are people using? The usual site I use (rarely) is not offering them.

B&W · 7 Oct 2013 at 15:18

kibblerok said:
Who are people using? The usual site I use (rarely) is not offering them.

I used royal mail website..

Vanilla · 7 Oct 2013 at 15:30

I'm using TDwaterhouse

kibblerok · 7 Oct 2013 at 15:44

Cheers.

Looking at https://royalmailshares.service.gov.uk/media/13617/Intermediaries.pdf www.shareprice.co.uk and www.x-o.co.uk seem cheap. Already have an account with shareprice so might go there, although nothing obvious on their website.

Direct through the Gov website looks easier, but expensive to sell.

Martynt74 · 7 Oct 2013 at 15:59

B&W said:
I used royal mail website..

Me to, although i only did it about an hour ago!

Vanilla · 7 Oct 2013 at 16:07

I have been caught off guard and my ISA is currently in use so i'm going to just buy some shares with my normal trading account.

Is there any reason why I can't apply for shares on their website AND through my broker? (half and half)

BubbySoup · 8 Oct 2013 at 12:32

I've never bought shares before.

Just looking at the royal mail website - when do they take the payment for the amount of shares you have applied for?

Martynt74 · 8 Oct 2013 at 12:34

Having a look at my bank it looks like they have taken it already, by which i mean its been deducted from my "Available Balance". I presume it gets refunded if i'm unsuccessful.

For reference i applied yesterday.

BubbySoup · 8 Oct 2013 at 12:39

Thanks, just moved some cash into my current account to cover it then.

feedtheram · 8 Oct 2013 at 12:40

Is there a tie in period for these shares? Do you have to keep them for a certain amount of time before selling?

Vanilla · 8 Oct 2013 at 13:25

BubbySoup said:
I've never bought shares before.

Just looking at the royal mail website - when do they take the payment for the amount of shares you have applied for?

I think if you use the website it's immediately but they refund money if you can't get the number of shares you ask for