Royal Mail to be floated on stock exchange

Vanilla · 8 Oct 2013 at 13:26

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

No tie in but i don't believe they hit the market until the 15th october.

Remember they can go down just as easily as they can go up. There's no guaranteed quick buck

chipperhead · 8 Oct 2013 at 13:40

How much does it cost to trade these shares using the Governments website, I can't find the info anywhere?

Martynt74 · 8 Oct 2013 at 13:46

Vanilla said:
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

Yeah, makes sense as otherwise they have the drama of allocating shares and payments failing!

Rapier · 8 Oct 2013 at 13:58

Anyone buy through x-o? Applied for 5k worth yesterday but only received an on screen confirmation which I don't really trust to be honest.

Rapier · 8 Oct 2013 at 13:58

Double post.

chipperhead · 8 Oct 2013 at 14:10

x-o not taking any new customers for the Royal Mail shares. I've bought through the .gov site and will pay a transfer fee to x-o.

Rapier · 8 Oct 2013 at 14:19

chipperhead said:
x-o not taking any new customers for the Royal Mail shares. I've bought through the .gov site and will pay a transfer fee to x-o.

Where did you get that from? the offer still appears on their front page and still allows the application form to go through by the looks of it.

chipperhead · 8 Oct 2013 at 14:32

Rapier said:
Where did you get that from? the offer still appears on their front page and still allows the application form to go through by the looks of it.

On the x-o website, click the RM share offer link, accept the terms then near the bottom it says:

Unfortunately, due to the high volume of interest in the share offer, we have had to temporarily suspend the facility to open new accounts. Please accept our apologies for any inconvenience.

It does still allow you to sign up as a new customer which I did but the welcome email states:

Your application has been successful but will not be accepted for the Royal Mail offer. We will email you tomorrow with your new account details.

FeFiDoh · 8 Oct 2013 at 14:40

Is it possible to see a breakdown of RMs profits last year? Would love to see where they get that 400m from. RM have been selling off property and moving offices around, usually merging stuff together so I wonder how much that reflects in the profits they announced. I work for RM and our office is being moved to the big distribution center nearby to cut down on costs so not really sure how much of that 400m is actual profit from business practices.

Sony posted similar positive results for the financial year didn't they even though they aren't doing to well, they sold a huge building they owned for an insane amount of money and this helped balance their books.

Rapier · 8 Oct 2013 at 14:41

chipperhead said:
On the x-o website, click the RM share offer link, accept the terms then near the bottom it says:

Unfortunately, due to the high volume of interest in the share offer, we have had to temporarily suspend the facility to open new accounts. Please accept our apologies for any inconvenience.

It does still allow you to sign up as a new customer which I did but the welcome email states:

Your application has been successful but will not be accepted for the Royal Mail offer. We will email you tomorrow with your new account details.

Ah ok, I misunderstood. By the looks of it existing x-o users can still buy RM shares through them but anyone who has tried to open an account today is not eligible for them.

Vanilla · 8 Oct 2013 at 15:03

FeFiDoh said:
Is it possible to see a breakdown of RMs profits last year? Would love to see where they get that 400m from. RM have been selling off property and moving offices around, usually merging stuff together so I wonder how much that reflects in the profits they announced. I work for RM and our office is being moved to the big distribution center nearby to cut down on costs so not really sure how much of that 400m is actual profit from business practices.

Sony posted similar positive results for the financial year didn't they even though they aren't doing to well, they sold a huge building they owned for an insane amount of money and this helped balance their books.

You can get the prospectus here:

http://www.hl.co.uk/royal-mail/share-offer

Tazzfalcon · 8 Oct 2013 at 16:48

Snuck in before the deadline. Hopefully there's no 'throttling' for small investors, no first-come-first served BS if it's oversubscribed.

What are people's thoughts on the optimum time to hit 'sell'? What's the precedent for first day public offerings?

StonedPenguin · 8 Oct 2013 at 16:58

Tazzfalcon said:
What are people's thoughts on the optimum time to hit 'sell'?

Before the up-coming nationwide strikes in a few weeks

I think if any of you seen what goes on in Delivery office's or Mail centres, You'd think twice about investment as **** is about to hit the fan over the next few months

Even more-so once the initial 'agreement' runs out in a year or two.
The prospectus makes for interesting reading but doesnt cover half of 'what could' happen IME.

-postie

Tazzfalcon · 8 Oct 2013 at 17:01

I think I'm going to put my 'ba$tard speculator' hat on for Friday then. ;-P

413x · 8 Oct 2013 at 21:10

ive been with x-o for a few years, kind of glad they did what they have done with new customers.

My request went in thursday

I concluded that they will probably sell a lot of high value land off, they did make a profit last year, with employees taking share options hopefully they will have a vested interest after the inevitable round of sackings at some point and that even at the upper end of the share offer the company is undervalued

benskia · 8 Oct 2013 at 21:19

Hi folks,

Just a quick one. I applied for the shares, but along the way it asked me whether I wanted to use some nominated service or other of Royal Mail or to receive a share certificate. I chose to go with the nominated service since that was the default setting. Does that still make it easy to sell the shares if I need to when the time comes?

Cheers.

chipperhead · 8 Oct 2013 at 22:12

al4x said:
ive been with x-o for a few years, kind of glad they did what they have done with new customers.

Why?

413x · 8 Oct 2013 at 22:18

chipperhead said:
Why?

as i understand it they only get so many shares allocated to them from RM, the less people that get them the more likely i will get all i asked for

chipperhead · 8 Oct 2013 at 22:23

al4x said:
as i understand it they only get so many shares allocated to them from RM, the less people that get them the more likely i will get all i asked for

Oh right, I haven't heard of that method of allocation.

deanolfc · 8 Oct 2013 at 22:31

Just hope it all comes crashing down and goes bankrupt, A post office has already closed near me!!! filthy tory rats. Lets buy into something the people already OWN!