Royal Mail Shares

weaver33

So if you go for a long term investment and want to re-invest the dividends, is that option available through the direct RM nominee sharedealing service?

If not, what is the cheapest option to buy RM shares via an ISA wrapper AND have option for dividend re-investment??

Paulgti6

NeilB wrote: »

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.

Thanks for the advice. I will check it out.

So whats the difference between using the RM nominee share service and an account like x-o? Apart from it being cheaper to sell using x-o

Once you've set up an account with x-o, how do you get the RM initial offer shares in to the account?

Reaper

Paulgti6 wrote: »

So whats the difference between using the RM nominee share service and an account like x-o? Apart from it being cheaper to sell using x-o

Nothing much. Unless you want to buy & sell shares in other companies too which you can do with a stock broker like this but can't do with RM.

Paulgti6 wrote: »

Once you've set up an account with x-o, how do you get the RM initial offer shares in to the account?

Apply for them through XO, not direct to RM. It won't cost you anything extra. Details on the front page of their web site.

Reaper

By the way I'm surprised nobody here has mentioned what TNT Post is up to. They are starting to do letter deliveries from major companies to peoples doors in Manchester and plan to spread to other cities. As this is the only place such deliveries are profitable and as Royal Mail is obliged to deliver everywhere they could end up in the unfortunate position of TNT cherry picking the few profitable bits and RM being stuck with loss making deliveries to Orkney.

I consider that a significant threat to RM's profitability and a reason not to hold on to the shares long term, unless the regulator intervenes.

Ifts

Reaper wrote: »

By the way I'm surprised nobody here has mentioned what TNT Post is up to.

I did read that the other day. Also the tie up between Ebay and Argos where Ebay customers can pick up their orders from their local Argos store (to begin with its only available to certain sellers on ebay).

Ifts

Reaper wrote: »

Apply for them through XO, not direct to RM. It won't cost you anything extra. Details on the front page of their web site.

Do bear in mind the share offer will close on October 8.

Anyone wanting to use X-O or one of the many companies acting as an intermediary in the Royal Mail IPO should act ASAP (if registering for a new account).

The offer closes on Tuesday 8th October so applications and cleared funds must be received by Jarvis by 5pm. - https://www.jarvisim.co.uk/x-o/promo/royalmail-index.html?submitButton=I+Accept

Paulgti6

Ifts wrote: »

Do bear in mind the share offer will close on October 8.

Anyone wanting to use X-O or one of the many companies acting as an intermediary in the Royal Mail IPO should act ASAP (if registering for a new account).

New XO account was pretty easy to setup, but loading the funds on to your XO account takes 2 days (via debit card) so worth bearing in mind.

It also says a Trading Pin will be sent to you in the post, i assume this will be for selling?

Ifts

Paulgti6 wrote: »

It also says a Trading Pin will be sent to you in the post, i assume this will be for selling?

With X-O the trading pin is required for any trade (buy or sell), but I would think if you are opting in to the RM IPO and opening the account at the same time it will be ok for you buy RM shares without the pin.

Sorry I am not applying for RM IPO through X-O so don't know if you require the trading pin, maybe check with them to be on the safe side.

Paulgti6

Ifts wrote: »

With X-O the trading pin is required for any trade (buy or sell), but I would think if you are opting in to the RM IPO and opening the account at the same time it will be ok for you buy RM shares without the pin.

Sorry I am not applying for RM IPO through X-O so don't know if you require the trading pin, maybe check with them to be on the safe side.

It didn't ask me for the trading pin on the RM IPO order form

MonkeyD

A pin would only be required if you want to sell your RM shares, they should be sending it first class anyway so hopefully you will get it well before trading opens.

Opening an account on any of these brokering platforms is straightforward, its the transfer of funds that is usually prone to problems (my online application did not go through at first so had to phone the company to open the account + apply for some RM shares.

I have registered with Hargreaves Lansdown and the process was fairly straight forward, just make sure you have funds in your accounts.

Also, for new memberships (like myself) it would be wise to get your shares in an ISA wrapper of sorts if you've not got one this year.

Good luck!