Royal Mail privatisation... Would you?

xyz123

what do people think will be the best day to sell?

Doshwaster

xyz123 wrote: »

what do people think will be the best day to sell?

The day when the price is the highest?

For anything less than £200 instant profit I'll probably hold but above that level I think I'll cash in. Going on holiday at the end of next week so it would be useful beer money.

xyz123

Doshwaster wrote: »

The day when the price is the highest?

For anything less than £200 instant profit I'll probably hold but above that level I think I'll cash in. Going on holiday at the end of next week so it would be useful beer money.

£200 on £750 worth of shares?

KenC_3

bgbg wrote: »

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 !

That is normal for debit card purchases. If you can see your cleared balance that should reflect the debit. It should show on your actual balance as a debit today but will not be visible until tomorrow.

If you purchased in the evening, after the close of the banking day, it will be treated as a transaction for today so the above will move one day on accordingly.

Doshwaster

xyz123 wrote: »

£200 on £750 worth of shares?

I was thinking more like £200 on the £1000 I applied for. That would mean the share price rising to £4.00.

sebtomato

I ordered some shares yesterday morning through the official website and they haven't debited the amount either, nor showing on my cleared balance today.

abathingape

First post...

Does anyone know what the steps will be come next week to be able to sell your shares (presuming you get allocated them).

I purchased online direct from Royal Mail and chose NOT to have the certificate sent and use the Royal Mail Nominee Share Service.

I was wondering what happens next? Will we be emailed a link to some online functionality that we can then use to invoke a sale? How will we receive the proceeds? Anyone thought about this?

Cheers

Doshwaster

Just had a similar "what happens next" email from Hargreaves Lansdown.

2010

sebtomato wrote: »

According to today's newspapers, more than 100,000 small investors have applied for shares (30% of £2 billion of shares available, or £600m)...

Around 700,000 small investors have tried to apply for shares in the £3bn issue, with privatisation fever gripping Britain (well, the better-off bits, perhaps) in a way not seen since the 1990s. So what happens now?

http://www.theguardian.com/money/2013/oct/09/royal-mail-shares-trading



The numbers seem to be growing with each newspaper.

chinna

By Mark Kleinman, City Editor
The Government received well over half a million applications 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.

Vince Cable, the Business Secretary, told MPs on Wednesday that there had been 700,000 applications for shares, with the retail element of the initial public offering (IPO) seven times oversubscribed.

Tens of thousands of people are understood to have 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.

Ministers will make final decisions about the allocation of shares during the next 36 hours. The final number of applicants from members of the public is expected to be confirmed on Friday alongside the announcement of the price at which the shares will be sold.

The number of retail applicants for Royal Mail shares has been 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.

Analysts pointed out that this could partly be explained by the fact that there had been no mass advertising campaign to promote the sell-off in the style of the ‘Tell Sid’ initiatives that were commonplace 30 years ago.

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 £2,200 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.