Royal Mail Shares

Klambo

Doshwaster wrote: »

I was really planning on selling at 475p towards the close but I got distracted by a phone call. I just hope they don't fall tomorrow with all of the new sellers in the market.

I am hoping they take a big dip at some point, so that I can buy more,
there still seems an awful lot of buyers out there trying to get as many shares as they can regardless of price.
I knew there was a good chance the price might have risen today, but I never thought that the price would be steady as a rock all day.
Hindsight is a wonderful thing, but I sure would have not minded the extra £50 if I had waited to sell today.

Chippy99

I bought my shares via the government website (or at least I think I did, given that all I got was a paltry email telling me they had taken my £5,000 off me and sod all information since).

But please can someone tell me exactly *how* I can sell tomorrow these shares that I presume I now own?

I don't see any dealing section on the government website and I find it hard to believe one will just miraculously appear before 8:00 tomrrow. And how do I prove to anyone that I actually own any shares?

I would have expected as a bare minimum an email from the share offer people saying "OK you have been allocated 227 shares and here's your login details." But I have received no such info.

I am puzzled.

tuk

Chippy99 wrote: »

But please can someone tell me exactly *how* I can sell tomorrow these shares that I presume I now own?

If you went with the nominee service option....you won't be able to sell them until you get the email with the selling details.

metrobus

When can you sell if you went for the share
certificate option?

Klambo

Chippy99 wrote: »

But please can someone tell me exactly *how* I can sell tomorrow these shares that I presume I now own?

I don't see any dealing section on the government website and I find it hard to believe one will just miraculously appear before 8:00 tomrrow. And how do I prove to anyone that I actually own any shares?

The Government is using the broker Equiniti to deal with the Royal Mail shares.

equiniti.com

Contact them on 0871 384 2030 to check your details.

Taken from the Govt website:
"You will also be able to buy and sell Royal Mail shares through Equiniti’s online, telephone and postal dealing services. You will find the Terms and Conditions of the Royal Mail Nominee Share Service, and more information on Equiniti’s share dealing services, in the Prospectus."

Glen_Clark

Klambo wrote: »

You will find the Terms and Conditions of the Royal Mail Nominee Share Service, and more information on Equiniti’s share dealing services, in the Prospectus."

You surely don't expect any of them to read the prospectus :eek:

tuk

Klambo wrote: »

Contact them on 0871 384 2030 to check your details.

Only thing is, you won't be able to speak to anyone until tomorrow at least 30mins after the market has opened ...& if emails haven't been sent, good luck getting through on that number.

metrobus wrote: »

When can you sell if you went for the share
certificate option?

Share certificates or statements, and any refunds of surplus application money, will be sent out by Monday, 21 October.

MykMallett

Amazing shambles, no email.

Chippy99

tuk wrote: »

Only thing is, you won't be able to speak to anyone until tomorrow at least 30mins after the market has opened ...& if emails haven't been sent, good luck getting through on that number.

Quite!

The other thing is,

"You will also be able to buy and sell Royal Mail shares through Equiniti’s online, telephone and postal dealing services. You will find the Terms and Conditions of the Royal Mail Nominee Share Service, and more information on Equiniti’s share dealing services, in the Prospectus."

I note the word "also". So what's the alternative, the prime method, if Equiniti is an also?

tuk

Chippy99 wrote: »

I note the word "also". So what's the alternative, the prime method, if Equiniti is an also?

You can ask for a paper share certificate instead which will be posted to you by the 21st October ...you then have extra days on top, while you post that paper certificate to a broker, which they must receive and process, then hopefully you can sell sometime before November.

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It's amazing to think these are the same people that are running the country.