Royal Mail privatisation... Would you?

MrRee_2

They have taken my money a good week ago ....... quite a substantial amount too.

I'll be rather peeved if I don't get my 22,730 shares .... I'm rather looking forward to a £13,000 windfall

AdrianC

2010 wrote: »

Royal Mail is expected to deliver the Government’s highest sale price, with the historic share offer set to close 15 times over-subscribed.

Institutional and retail investors have reportedly requested £30bn worth of shares

So an average of £3k each for 100k investors. Doesn't seem to shoot that 100k figure out the water, given how much a relatively low proportion of £20k applications will skew the average.

We _know_ the average can't be £750, but that'd give a maximum of 400,000 investors if that £30m figure's true.

sebtomato

AdrianC wrote: »

So an average of £3k each for 100k investors. Doesn't seem to shoot that 100k figure out the water, given how much a relatively low proportion of £20k applications will skew the average.

No, only 30% of £2bn available to small investors, or £600m of shares divided between all small investors...

2010

The newspapers are just guessing and plucking figures out the blue.
No official data is out yet and until it is, it`s just gossip.

chinna

By Mark Kleinman, City Editor

Well over 100,000 members of the public applied to buy shares in Royal Mail ahead of last night's deadline, confirming the status of the £3.3bn sell-off as the biggest privatisation for decades.

Sky News understands that tens of thousands of people applied within the 48 hours prior to the cut-off point alone, encouraged by City speculation that the postal operator's shares could soar in the aftermath of its historic flotation.

One source said the final number of retail applicants could be as high as 200,000, although orders were still being counted on Wednesday morning ahead of ministers' decisions about the allocation of shares

The final number of retail applicants is expected to be confirmed on Friday but one source said the figure would be "well into six figures".

Even 150,000 retail applicants would mean that the distribution of Royal Mail shares was far narrower than some of the mega-privatisations of the 1980s, such as British Gas and BT, which saw stock sold to 1.5m and 750,000 small shareholders respectively.

Michael Fallon, the Business Minister overseeing the privatisation, has pledged that retail investors will receive their "fair share" of Royal Mail shares..

The political row over Royal Mail's privatisation has escalated in recent days, with Vince Cable, the Business Secretary, accusing his Labour shadow, Chuka Umunna, of "irresponsibility" for claiming that the shares will be significantly undervalued when they start trading next week.

Around 150,000 Royal Mail staff will receive about £2200 of free shares as part of the flotation, although they will have to hold onto them for up to five years to avoid triggering a tax liability on the sale.

BIS declined to comment on the number of applications it had received for shares from members of the public.

http://news.sky.com/story/1152188/royal-mail-more-than-100000-seek-shares

block10

100k is probably just the direct applicants, not including those who have applied via a broker.

chinna

block10 wrote: »

100k is probably just the direct applicants, not including those who have applied via a broker.

It's retail it includes brokers.

bgbg

I got royal mail shares last night from the gov website. However, the money still hasn't been taken out of my account. I'm getting a bit worried if I will get the shares now !

SnowMan

SnowMan wrote: »

I can't believe that as few as 100,000 applied. I think we are talking well over 1 million.

The Sky source that it is well into 6 figures seems to be as good as we have to go on at the moment.

But it does suggest that we could be looking at less than 1 million after all.

The real answers will be known come Friday.

Perelandra

I read the 100,000 as the number of small investors who took the plunge yesterday, rather than the total who'd applied?