Royal Mail to be floated on stock exchange

Energize · 8 Oct 2013 at 23:20

Nexus said:
- Whenever I go the Post Office, I have to wait ages because there is always a massive queue of people, who are mostly there to do things which aren't postage.

That's true, seriously do all these people paying bills etc at the post office come from the past? :confused:

People buying the shares for this crappy company must be mad, who invests in a company that is in an unrecoverable downward spiral?

Vanilla · 9 Oct 2013 at 10:28

The Post Office and Royal Mail are two different things. The Post Office is not for sale.

tom_e · 9 Oct 2013 at 10:30

deanolfc said:
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!

Well that's nothing to do with the Royal Mail.

Efour · 9 Oct 2013 at 10:32

Energize said:
That's true, seriously do all these people paying bills etc at the post office come from the past?

People buying the shares for this crappy company must be mad, who invests in a company that is in an unrecoverable downward spiral?

Speculators that want to earn a quick profit on the first few hours of trading.

They say supply has been greatly outstripped by demand.

Price will go boom on the first day and collapse to normal after all the ***** have made their profit.

BombayMix · 10 Oct 2013 at 09:35

Way over subscribed, according to today's papers, nearly 700,000 private investors applied :eek:

Bound to get a lot less then you asked for.

izzop · 10 Oct 2013 at 09:48

BombayMix said:
Way over subscribed, according to today's papers, nearly 700,000 private investors applied Bound to get a lot less then you asked for.

Seems the less you asked for the better your chances: -

http://www.bbc.co.uk/news/business-24470086

Vanilla · 10 Oct 2013 at 10:13

izzop said:
Seems the less you asked for the better your chances: -

http://www.bbc.co.uk/news/business-24470086

God dammit :mad:

Martynt74 · 10 Oct 2013 at 10:21

I only went for £1500 so hopefully i'll get some.

ScottehBotteh · 10 Oct 2013 at 10:56

'David Jones, chief strategist at IG Index, said: “The last time we saw a grey market as popular as this in the UK was lastminute.com in 2000. It’s nearly as popular as Facebook 18 months ago.” '

And remind us what happened when facebook started trading Dave..

Tunney · 10 Oct 2013 at 11:08

We're selling off the Royal Mail for £3.5bn and taking on £10bn in pension liabilities.

Ideology over economic sense yet again.

Craterloads · 10 Oct 2013 at 11:14

When do we find out if we got the shares ordered? And when does is go live?

izzop · 10 Oct 2013 at 11:23

Trading starts Friday iirc.

Raumarik · 10 Oct 2013 at 11:27

Just curious, if someone applied shares, do they get them at the 330 price that they start trading at or at a higher/lower price (so more or less shares) depending on when the government allocates and lets them know?

It could dramatically affect the number of shares allocated to the smaller private investors.

ScottehBotteh · 10 Oct 2013 at 11:30

Craterloads said:
When do we find out if we got the shares ordered? And when does is go live?

Price and allocation tommorw the 11th.

Conditional trading ( institutions ) starts tomorrow the 11th

PI trading ( you ) starts on tuesday 15th

Good luck.

izzop · 10 Oct 2013 at 11:31

Halfmad said:
Just curious, if someone applied shares, do they get them at the 330 price that they start trading at or at a higher/lower price (so more or less shares) depending on when the government allocates and lets them know?

It could dramatically affect the number of shares allocated to the smaller private investors.

You get them at 330.

I might be wrong with that.....

Cosimo · 10 Oct 2013 at 11:35

izzop said:
Trading starts Friday iirc.

That will be for institutions only, full trading starts on the 15th.

Skull · 10 Oct 2013 at 11:54

Brokers all saying that these shares should be worth 599p to help incite a buying frenzy...

With the dismantling of the monopoly, vast reduction of letters being sent and an unhappy strike-prone workforce I don't think it's a long term hold.

MrBlobby · 10 Oct 2013 at 12:19

So I've read you wont get anything if you've applied for over £10K. I applied for £2K with X-o anyone know how many I'll get ?

izzop · 10 Oct 2013 at 12:24

MrBlobby said:
So I've read you wont get anything if you've applied for over £10K. I applied for £2K with X-o anyone know how many I'll get ?

You should find out tomorrow.

Rapier · 10 Oct 2013 at 12:26

MrBlobby said:
So I've read you wont get anything if you've applied for over £10K. I applied for £2K with X-o anyone know how many I'll get ?

Vince Cable favours a taper whereby anyone who applied for over 10k worth gets none but those who applied for £750 will get the full amount. That being said I can't see the tories and their mates agreeing to this.