Royal Mail to be floated on stock exchange

Tefal · 11 Oct 2013 at 02:53

groen said:
In UAE they have bikes that delivery KFC and mcdonalds and subway to your house because you can fill a tank for £12.

only costs me about £18 to fill the tank on an r6....

You'd easily fill a ped on £12.

Bear · 11 Oct 2013 at 08:06

Price has currently shot up 36% to £4.50 since trading has started !

Veco · 11 Oct 2013 at 08:19

Anyone got the Google finance link to actually follow the action? I can't for t the life of me actually find a graph.

Make · 11 Oct 2013 at 08:33

Veco said:
Anyone got the Google finance link to actually follow the action? I can't for t the life of me actually find a graph.

Royal Mail shares will not be listed on the Stock Exchange officially until next Tuesday.

But conditional trading - where City professionals can buy and sell shares between each other before official trading begins - starts on from Friday, giving an initial indication of the value of the shares.

Source: http://www.bbc.co.uk/news/business-24480450

Veco · 11 Oct 2013 at 08:39

Ahh right yes. The boys club gets first pickings.

My allocation for split between two investments it seems, so I'm going to have to pay the trading fee twice which is a bit of a pain. Still a healthy profit though so I can't be too irritated!

Goldy · 11 Oct 2013 at 08:54

My £2k cheque has been cashed but apparently we will only be getting about 220 shares.

At least I didn't go for the full £10k or I'd be getting nothing! Except a cheque back for £10k.

413x · 11 Oct 2013 at 08:58

Yep same for me. Shame city got so much

Tbh that amount of money is not really worth worrying about in stocks and shares I wouldn't usually invest less than 1000 pounds

Goldy · 11 Oct 2013 at 09:51

Im hoping that when the Government come to sell the other half of the business they give existing shareholders an option to buy first.

Vanilla · 11 Oct 2013 at 10:04

Asked for 20k and of course get nothing :/

Dr House · 11 Oct 2013 at 10:10

Its a bit of a slap in the face really. Hard working people that paid taxes and saved up more then 10k are shut out of this.

I think this is going to cost the conservatives quite a few votes. Its a very stupid move, they should have given this to the people and not the institutional investor

Andrew_McP · 11 Oct 2013 at 10:11

Goldy said:
At least I didn't go for the full £10k or I'd be getting nothing!

I liquidised all my cash assets and applied for, you guessed it, 10k's worth! It's the first time in my life as a rather frugal shelf filler in a supermarket that I've qualified as a fat cat. It took me 50 years but I finally hit the big time!

Oh well, back to the drawing board when it comes to finding a reliable core for a small personal pension. I was hoping the IPO bounce would provide a bit of a cushion while the share price settles down over the next couple of years.

Dr House · 11 Oct 2013 at 10:13

Goldy said:
Im hoping that when the Government come to sell the other half of the business they give existing shareholders an option to buy first.

I assume the other half will go at market rate.

Martynt74 · 11 Oct 2013 at 10:15

You'd assume so. However there may be a bit of a bonus share offer for existing shareholders.

Vanilla · 11 Oct 2013 at 10:31

I'm not giving up on RM, my intention of investing in them was not just the IPO but long term.

I'm going to wait a few months for all the profit taking to take place and the price to stabilise. Then i'll dip my toe in for the long term (talking 10-20 years).

Simon · 11 Oct 2013 at 10:33

Anyone who applied for £750 up to £10k got £750 worth. Anything over £10k got nothing.

Fair enough I say as it gives the 'little people' chance.

I applied for £1k and so got 227 shares (£749 worth)

Craterloads · 11 Oct 2013 at 10:44

Simon said:
Anyone who applied for £750 up to £10k got £750 worth. Anything over £10k got nothing.

Fair enough I say as it gives the 'little people' chance.

I applied for £1k and so got 227 shares (£749 worth)

Exact same here too.

City investors must be rolling in money right now.

Bear · 11 Oct 2013 at 11:01

Simon said:
Anyone who applied for £750 up to £10k got £750 worth. Anything over £10k got nothing.

Fair enough I say as it gives the 'little people' chance.

I applied for £1k and so got 227 shares (£749 worth)

Same here.

413x · 11 Oct 2013 at 11:03

So I'm guessing by the time this goes to standard market the share pricewill have jumped. And there will be no point in buying this over something else
For 750 iI may just sell immediately Tbh. A 50% loss or gain isn'tthat exciting

Wow. Already at 440p

rossk26 · 11 Oct 2013 at 11:18

£250 profit in a day!! Gutted I missed out on this.

I need to get more knowledgeable on shares...

Martynt74 · 11 Oct 2013 at 11:49

To be honest i have a feeling they'll crash come Tuesday when everyone is trying to cash out for a quick buck!