Royal Mail Shares

cashvoid121

I tried to sell mine at about 4:27 today. That's when it said 'we have collected your order' over the phone or whatever it was they said. It was the automated phone service for the nominee fund. My question is, how long after it said that will it likely have sold the shares?

jimjames

brasso wrote: »

Never invest or gamble what you can't afford to lose. There are no guarantees. As for "a few weeks", that's one thing, but most of the whiners on seem to have an investment horizon of about 5 minutes, and are even talking about taking legal action because they couldn't cash in their chips instantly.

I've invested in RM, and will stay invested in RM because I think they are a good long term investment, especially with dividends reinvested. It's human nature to want to make a fast buck, but it's almost never the most profitable long term plan.

Remember what Warren Buffett asked: "What's wrong with getting rich slowly?"

I'm an reasonably experienced investor but didnt invest as I'm not convinced about their long term future.

Anyone who expects to buy shares and turn a profit same day is heading for a fall - not every share jumps but 30% in the day. The comments about using spare cash are spot on, money on RM should not have been money you can't afford to lose.

cashvoid121

Have you checked your junk mail wolftastic? One of my emails from them at least went into the junk mail.

tuk

brasso wrote: »

Do you have a link for that research?

If you're talking about yourself, that's fine -- just say so.

It's an observation, based on this gov flotation & all the others that I took part in, its pretty obvious from this thread that most people will sell in the first few days...

So, I'm guessing you must be saying the opposite ..that most members of the public are holding onto their shares? ..do you have a link to your research? ...If you're talking about yourself, that's fine -- just say so.

Never invest or gamble what you can't afford to lose.

wow, that really deep, you must be like some kind of expert.

Illegal for publicly traded shares.

You say it's illegal, but thats exactly what the gov have done by staggering the emails ....& the government could make an extended exception if they really wanted seeing as they run the country, similarly its also illegal to carry a concealed firearm while walking through a city, but some people are allowed because the government says so...

The only whining seems to be from those who can't get to the payout window quick enough.

People have a right to be angry, especially if they want to sell quickly, the whole process has been a shambles ...who are you anyway to tell people what they should be thinking, you've already said your holding on to your shares, its none of your business if people want to sell early.

pauljoanss

Ok no emails from two applications, I now assume I ticked a box.
Seem to remember two boxes, about 11am on last night with 2 applications to make, was in a rush, skimmed box descriptions, first one something about nominee accounts, second one about paper copy so may have ticked first and expecting nominee account and associated the second box paper copy do do with certificate.

Yes, I cannot complain for my own actions but there are many here who have done the same so it would be valid to suggest the form could have been clearer. One box for Nominee, One box for certificate, one box for welcome pack paper copy. Its not that difficult. I assume they would test trial a form that is to be used by 100s of thousands, but maybe not under any type of stressful conditions. Even without the time pressure I know myself that when signing up to spend a large sum of money, my brain goes into some sort of "weird suspended animation" state and ceases to work completely normally.

Steve10086

Just phoned and apparently I asked for a share certificate. I know I didn't. I read forms very carefully and remember thinking "I don't want a certificate, I wouldn't have a clue what to do with it!'.

Now can't do anything until it arrives. Bit !!!!!! off but can't be bothered getting too irate. Hopefully the shares will still be at a decent price when I can finally sell, and I'm not gonna get too upset about a bit of extra hassle when it's otherwise been the easiest money I've ever made!

wolftastic_2

Dangerous_Dave2k wrote: »

Have you checked your junk mail wolftastic? One of my emails from them at least went into the junk mail.

Thanks DD I did look in there and only..ahem..an email about something a bit iffy, but no shares.

wolftastic_2

Steve10086 wrote: »

Just phoned and apparently I asked for a share certificate. I know I didn't. I read forms very carefully and remember thinking "I don't want a certificate, I wouldn't have a clue what to do with it!'.

Now can't do anything until it arrives. Bit !!!!!! off but can't be bothered getting too irate. Hopefully the shares will still be at a decent price when I can finally sell, and I'm not gonna get too upset about a bit of extra hassle when it's otherwise been the easiest money I've ever made!

Who do you phone Steve?

Jennifer_Jane

pauljoanss wrote: »

Ok no emails from two applications, I now assume I ticked a box.
Seem to remember two boxes, about 11am on last night with 2 applications to make, was in a rush, skimmed box descriptions, first one something about nominee accounts, second one about paper copy so may have ticked first and expecting nominee account and associated the second box paper copy do do with certificate.

Yes, I cannot complain for my own actions but there are many here who have done the same so it would be valid to suggest the form could have been clearer. One box for Nominee, One box for certificate, one box for welcome pack paper copy. Its not that difficult. I assume they would test trial a form that is to be used by 100s of thousands, but maybe not under any type of stressful conditions. Even without the time pressure I know myself that when signing up to spend a large sum of money, my brain goes into some sort of "weird suspended animation" state and ceases to work completely normally.

Yes, agree with you here. I did read the Prospectus, but I think my eyes glazed over after a bit.

But I am used to buying and selling shares, so when someone said that the £17.50 selling fee was a "scam", I had to wonder if they'd ever traded a share before: and if not, how could they be accusing Equiniti of a "scam". How do people think these sharedealers make money!

I agree that there were two boxes, and I know for definite that I ticked the nominee box because I spent time going very slowly and carefully through the form. The reason being that I didn't want the physical share, as that's like having cash floating about.

I was hoping that the share might have increased again today, but it's down a bit. Does anyone think that this is because of the planned strike, or just a normal calming down of things?

metrobus

Have you tried selling through the automated phone service?^^^^^^^^

In the email with the ref # it suggested you could sell straight away
even if you did apply for a certificate.

I've been told all you enter on the phone service is your
Ref # and just press 1 a couple of times to confirm a few
things.

I would imagine the certificate would just be voided then.