Royal Mail Shares

John1993_2

Jogo_Bicho wrote: »

I for one are quite happy that we live in a society that has free trade unions. This doesn't mean I agree with them on everything, especially the more militant ones, but I'd rather put up with them than live in a dictatorship, of either the right or left, that banned free trade unions.

I don't think many people are takling about banning unions. What's generally talked about is giving employers the freedom to respond to staff not working by replacing them with people who will.

Basically, I think that it's the current laws which restrict freedoms. Workers should have the right to withdraw their labour, after giving the notice that their contract stipulates, and employers should have the same right, i.e. to replace workers at will, after giving the proper notice.

candjsmum

Be_Happy wrote: »

Back to the 'share certificate' topic. I'm really glad I opted for a certificate, otherwise I might have lost my nerve and decided to sell immediately.

I bought for a specific reason. My mother left each of her great-grandchildren £500 until they were 18 and my grandson's money has been lying in a savings account since then. Mum spent many happy years as a 'village postie' and I thought it would be nice to make the £500 up to £750 and be able to give him the share certificate when he's 18 in memory of his great-grandmother.

I've asked for the certificate designated with his initials and hopefully the shares will still be worth something in 2027. Meanwhile the dividends will be saved and should be more than the interest his savings were getting.

That is lovely and I sincerely hope it does well for you. We bought ours on the spur of the moment, didn't have a clue what we were doing, (still don't actually). Hubby was made redundant last November, we paid off mortgage, bought a new vehicle, put money into the kids accounts and the rest is sat doing Jack, (after topping up ISA's). He had found another job by January. He said last Tuesday how about having a dabble, not to make a quick £250/£300 but for the long haul . Here's hoping they do ok :beer:

abathingape

tuk wrote: »

But, the 'Posted Contract Note' received today states that in order for the money to be paid into my bank account, I have to send Equintini a 'blank cancelled cheque' which I don't have, so I have just called them and requested they send me a cheque instead which will be sent out on the 'settlement date'/Friday.

How do you know that the settlement date is Friday?? Does it take 3 working days from 'Date executed' or something??

pearl123

It looks like many of us opted for a certificate by accident. (I've not received an email, as yet)

So as a newbie to shares - how do sell using a certificate. I would ask on the phones but they super busy.

Someone did mention getting a form to transfer the certificate to a nominee account?

What is the cheapest way of going about selling with a certicate?
I really would appreciate advice. Thank you.

[Deleted User]

Hi,

abathingape wrote: »

How do you know that the settlement date is Friday?? Does it take 3 working days from 'Date executed' or something??

it's usually T+3, T=Trade, +3 working days.

Klambo

AlexMac wrote: »

Unsurprisingly, after peaking around £4.90 yesterday, then levelling off around £4.75, the price dropped by around 6p (or one shilling and tuppence in real money) today at 3pm when shares presumably flooded on to the market as we riff-raff lightweights sold...?

Given that the strikes have been announced the share price is holding up remarkably well at around £4.70, that's still 15 points higher than Friday's close.......and that was supposed to have been a good closing price!

mcscoty1973

Klambo.

It matters simply because some people who should have got an email yesterday could have elected to sell then, and make a slightly higher price that what it is today. If the price does not go back up, they have made a potential loss in theory. This is caused by the staggering of emails, and although the prospectus did say it could take up to two days, it never mentioned that some people would get a 24+ hour head start.

Klambo wrote: »

As for any financial "risk", have you not been following the markets for the past few days?
There is virtually no risk that the share will fall anywhere near the original £3.30 that you payed for them.

So whilst I can emphasis with your frustration on waiting for that elusive e-mail, I don't think you can keep harping on about things being "unfair".
Those that got no shares at all have a good case for "unfairness" though.

Northern_Mum

pearl123 wrote: »

If you try the Equniti telephone number it hangs ups within a minute! (And it's not done that twice to me)
Anyone got a number where I can call to request a form to transfer a certificate to a nominee account? This number hangs up on me. 0845 268 0282

This happened to me yesterday when calling the automated selling line. You have to let the automated voice finish giving you the options before pressing button 1, otherwise it cuts you off. HTH.

Klambo

mcscoty1973 wrote: »

Klambo.

It matters simply because some people who should have got an email yesterday could have elected to sell then, and make a slightly higher price that what it is today. If the price does not go back up, they have made a potential loss in theory. This is caused by the staggering of emails, and although the prospectus did say it could take up to two days, it never mentioned that some people would get a 24+ hour head start.

Yes but you miss my point, the sell off was NEVER intended for people to make a quick buck.
Sure some people could not sell at the best price, but then again some of us could sell at the best price but got nowhere near the best price.

Again had the intention of the sell off been designed purely so that every applicant could make a quick profit, then sure to make it fair then everyone should have been able to sell on the flotation date.......but since this was not the intention of the sell off then your claims of "unfairness" are unfounded.

tuk

abathingape wrote: »

How do you know that the settlement date is Friday?? Does it take 3 working days from 'Date executed' or something??

Just to add to FMDs reply ..the man who answered the phone at Equiniti said it was Friday.