Royal Mail Shares

grey_gym_sock

dickieg wrote: »

He might work the alternative pattern as i do, which is called a "1 in 6" which means you do 5 weeks of 6 days and then have the 6th week off. Or he might just be on holiday

that's far too reasonable an explanation! how dare posties fail to live down to the stereotypes we expect!

Rizsparky

Would someone be kind enough to explain what the 'Royal Mail Nominee Share Service' actually is?

custardy

sabretoothtigger wrote: »

I'd compare it to DLG last year but with a strike it's more likely to jump down then up. The reason to buy is its long term viability and it seems reasonable as a utility type share, ultimately boring but ticks over a nice return hopefully.
Its not going to be like BG, its not that exciting

Did you tell Sid?

gadgetmind

Rizsparky wrote: »

Would someone be kind enough to explain what the 'Royal Mail Nominee Share Service' actually is?

I guess it's like any other nominee account in that they hold shares electronically in your name but only RMG shares. No idea of costs.

Paulgti6

Basil74 wrote: »

In answer to the earlier question the nominee share service (Equiniti) charge 1% of the transaction. With a minimum of (I think) £17.50

Ive been trying to find out a bit more about the charges with Equiniti. I'm pretty sure its 1% or £17.50 but not sure where i read it! - Can anyone point me in the right direction?

I assume the service is:
http://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/Pages/Corporate-Sponsored-Nominee.aspx

And not and Investment account or ISA:
http://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/Pages/Buyandsellshares.aspx

NeilB

It doesnt cost anything to have the shares held in the royal mail nominee share service. It costs £10 if you then want to transfer them out or be issued with the actual certificate.

All the info you need is here :
https://royalmailshares.service.gov.uk/publichomepage/publicfaqs.aspx?FaqCategory=Application%20and%20payment%20(not%20through%20Intermediaries)

Corrected link

Paulgti6

NeilB wrote: »

It doesnt cost anything to have the shares held in the royal mail nominee share service. It costs £10 if you then want to transfer them out or be issued with the actual certificate.

All the info you need is here :
https://royalmailshares.service.gov.uk/publichomepage/publicfaqs.aspx?FaqCategory=Application%20and%20payment%20(not%20through%20Intermediaries)

Thanks, I found it in the end. Page 37 of the full Prospectus:


16.2 Dealing in Ordinary Shares held through the Royal Mail Nominee Share Service
Online at https://www.shareview.co.uk.
Shareholders!can access!the online share dealing facility, which will
provide real!time price quotes!for Shareholders!wishing to sell!some or all!of their Ordinary!Shares. Share dealing online will!be charged at one per cent. of the value of the transaction, subject to a
minimum charge of £17.50. The service is!available during market opening hours, from 8.00 a.m. to
4.30 p.m. (UK!time), Monday!to Friday, excluding UK!public!holidays.

Using the telephone helpline on 0845 268 0282 (when calling from!the UK) or!+44 121 415 0250
(when calling from!outside the UK). Shareholders!can call!the share dealing helpline, which will
provide real!time price quotes!for Shareholders!wishing to sell!some or all!of their Ordinary!Shares.
Share dealing using the telephone helpline will! be charged at one per cent. of the value of the
transaction, subject to a minimum charge of £25.00. The service is!available during market opening
hours, from 8.00 a.m. to 4.30 p.m. (UK!time), Monday!to Friday, excluding UK!public!holidays.

•! Through the Automated Telephone Instruction facility on 0845 268 8405 (when calling from!the
UK) or!+44 1133 697777 (when calling from!outside the UK). Shareholders!can sell!all!(but not
some only) of their Ordinary!Shares!through the Automated Telephone Instruction (“ATI”) facility. This
facility!will!only!be available to persons!holding Ordinary!Shares!in the Royal!Mail!Nominee Share
Service in the period from the date of Admission to 8 November 2013. The sale price for the Ordinary
Shares! will! not be quoted to a Shareholder at the time of confirming the sale transaction. Sale
instructions! from shareholders! using the ATI facility! will! be added together and sold at intervals.
Instructions!received before 9.00 a.m. (UK!time) on a Business Day!will!be added together and the
sales!will!normally!be processed by!11.00 a.m. (UK!time) on that Business Day. Instructions!received
between 9.00 a.m. and 1.00 p.m.(UK!time) on aBusiness Day!will!normally!be processed by!3.00 p.m.
(UK!time) on that Business Day. Instructions!received after 1.00 p.m. (UK!time) will!be added together
with instructions!received before 9.00 a.m. on the next Business Day. The charge for this!service will
be 0.75 per cent. of the value of the relevant transaction, subject to a minimum charge of £7.50. Calls
to this!helpline from within the UK!cost 8p per minute plus!network!extras. Lines!are open 24 hours.

•! By Post: Shareholders!wishing to sell!all!of their Ordinary!Shares!can use a postal!instruction. This
facility!will!be available from the date of Admission to 8 November 2013. Shareholders!can only!apply
to sell!their Ordinary!Shares!by!post using the postal!dealing form enclosed with their confirmation of
allocation or a postal! dealing form obtained from Equiniti! Financial! Services! Limited by! calling
0871 384 2656 (when calling from the UK) or +44 121 415 7086 (when calling from outside the UK).
Calls!to this!helpline from within the UK!cost 8p per minute plus!network!extras!and lines!are open
8.30 a.m. to 5.30 p.m. (UK!time), Monday!to Friday, excluding UK!public!holidays. The sale price for
the Ordinary!Shares!will!normally!be determined on the next Business Day!following which Equiniti
Financial!Services!Limited receives!the fully!completed postal!dealing form in the post. The charge for
this!service will!be 0.75 per cent. of the value of the relevant transaction, subject to a minimum charge
of £7.50.

Looks like selling by post is the cheapest, but you have to wait until November.....!

EDIT: I read that wrong, its a temporary service, available till November. I guess if you instruct to sell via post, you have no control over exactly when they are sold.

grey_gym_sock

there's rarely much advantage to these corporate nominee accounts.

i suppose the best thing is that they are unlikely to introduce charges for just having the account open, or inactivity charges. there are regular nominee accounts without those charges, but you can never be sure that they won't try introducing them later on.

dealing charges in corporate nominees tend to vary from very expensive to slightly expensive. £7.50 on a small holding is actually good. though there are regular nominee accounts charging a flat £5 or £6 (x-o, svs, iweb).

NeilB

Paulgti6, you could open an x-o.co.uk account, mine was opened same day and then you dont have to worry about transferring them or anything, you can just sell them when it reaches the price you want or keep them long term without being charged for holding them.

Mr_K

grey_gym_sock wrote: »

there's rarely much advantage to these corporate nominee accounts.

The main advantage is not having to look after a share certificate and not risk it getting lost in the post when you receive and sell it - as we all know how rubbish Royal Mail is. Militant posties will probably chuck them in the river rather than deliver Don't blame them.