Royal Mail Shares

Basil74

CLAPTON wrote: »

somewhat fits the public sector stereotype : overpaid and with an entitlement complex.

That's right, you just let out all your bitterness and resentment, it will only eat you up if you try and contain it.

Surely you must have some sympathy for me?.. As a bone idle postie I'm in danger of losing all my wonderful Spanish practices that I currently enjoy, please don't begrudge me getting some small benefit from privatisation.

Mr_K

Gone a bit off topic this hasn't it ? Was supposed to be about the RM share offer, not another (yawn) attack on anybody who has the temerity to work in the public sector. There are hundreds of those threads, from the same people who opted not to work in public sector.

As has already been established RM pensions aren't part of RM any longer, so I don't see it as an issue

I've applied, but don't expect to get anything near what I've applied for. They look undervalued, for political reasons probably. They might make money in the short term but in the long term maybe more questionable.

Glen_Clark

Lets be frank about it, the gap between public and private pensions is huge and widening, so its bound to cause increasing resentment. This thread may be the wrong place for bitterness and resentment.
Nevertheless, pensions liability is still very relevant to the RM share offer because of its affect on profitability..Especially when their private competitors have far lower pensions costs.
Public opinion of the majority who don't have such a pension will also be relevant in any industrial action.
All in all, its a very mixed bag.

Mr_K

There aren't any pension costs, its been offloaded to the Govt.

Jevvers

Hi
I do not currently have a sharedealing account. Is there any advantage in applying via a broker for these over applying direct?

I realise that if I want to sell I will have to do that via a broker.

Thanks

grizzly1911

Mr_K wrote: »

There aren't any pension costs, its been offloaded to the Govt.

Isn't it the built up liabilities that have been off loaded?

Ongoing costs will continue to accrue to the new operator until such time as the reorganise the pay and rewards package.

Cue more performance related pay, failed targets, staff turnover, limited redundancy, apply for your own (slightly different) job with reduced terms and conditions and see if we want you back.

CLAPTON

Basil74 wrote: »

That's right, you just let out all your bitterness and resentment, it will only eat you up if you try and contain it.

Surely you must have some sympathy for me?.. As a bone idle postie I'm in danger of losing all my wonderful Spanish practices that I currently enjoy, please don't begrudge me getting some small benefit from privatisation.

I said it fits the public stereotype; you seem to agree.

Glen_Clark

Basil74 wrote: »

As a bone idle postie .......all my wonderful Spanish practices .....

By posting at 10.16am when you should be busy delivering mail you seem to be confirming that impression

grey_gym_sock

Jevvers wrote: »

I do not currently have a sharedealing account. Is there any advantage in applying via a broker for these over applying direct?

you might have trouble opening a broker account quickly enough for this offer, so perhaps better to apply direct.

you can always transfer certificated shares into a broker account later on, and this is almost always free.

this is assuming you don't want to stag the issue (i.e. sell for a very quick profit).

Jevvers

Thanks Grey Gym Sock, that's useful