Royal Mail Shares

drabux

498 is the closing price

squawkbox

Can anyone highlight why the prices are different?

Slighly related to this, can someone explain 'Negotiated' trades?

For example, here is the trades after 1630 this evening for RMG:

Time/Date	        Price	Volume	Trade value(£)	Type
16:55:14 21-Oct-2013	508.90	912,482	4,643,620.90	Negotiated Trade
16:54:35 21-Oct-2013	504.89	491,924	2,483,675.08	Negotiated Trade
16:46:54 21-Oct-2013	500.19	250,000	1,250,472.30	OTC Trade Immediate Publication
16:40:43 21-Oct-2013	521.61	118,392	617,542.14	Negotiated Trade
16:40:42 21-Oct-2013	511.54	255,013	1,304,505.49	Negotiated Trade
16:35:57 21-Oct-2013	514.96	227	1,168.96	Cancelled
16:35:26 21-Oct-2013	498.00	8,392	41,792.16	Automatic Trade
16:35:22 21-Oct-2013	498.00	1,608	8,007.84	Automatic Trade
16:35:15 21-Oct-2013	498.00	892	4,442.16	Automatic Trade
16:35:15 21-Oct-2013	498.00	20,000	99,600.00	Automatic Trade
16:35:07 21-Oct-2013	498.00	368,038	1,832,829.24	Uncrossed Trade

The FAQ on the LSE says:

What is a negotiated trade?

A negotiated trade is a trade conducted in an EU regulated market security that is not subject to pre-trade transparency on our markets and which is on terms that are no worse than those that could be achieved on the relevant Exchange order or quote book, (or where the share is not traded continuously, and is on terms that are no worse than those that could be achieved on a relevant venue with continuous trading), after taking into account any relevant trading, settlement and clearing costs.

However, it isn't 100% clear. Can anyone explain it better?

2010

After 4-30pm dealers can still trade amongst themselves and agree a different price between each other and put trades through.
The same applies before opening at 8am.

gr7ace

2010 wrote: »

After 4-30pm dealers can still trade amongst themselves and agree a different price between each other and put trades through.
The same applies before opening at 8am.

Does that usually have an affect on the next days trading?

2010

gr7ace wrote: »

Does that usually have an affect on the next days trading?

Of course it will.
Market makers have to trade before and after official hours because they have to make a market.
That`s what they do.

ps2659

ps2659 wrote: »

I bought through XO nominee account, placed a sell this morning at £5.35 note they hit £5.38 just want to know if my deal went through as it is showing pending.

can anyone tell me the best sell price on RMG today please.

sabretoothtigger

iii lists this kind of thing, jolly decent of them

I see the last big trades before close of about 500p. I think this is an important price, Im expecting some kind of bounce from that level and we'll see from that reaction how likely it can go higher or fail to hold and sink further.

My opinion looking earlier was RMG continues to be bullish, volume today was not significant enough to fell it just yet

next days trading

any big company will trade all over the place. Think of a betting book, anyone can give odds or a price and do business on that. They'll be ex pats in Australia taking a price on RMG in the early hours.

The reason the price probably wont move much is most trading is done in hours. It is a UK company and most owners are here in UK(?) and most of all we were asleep and not that much happened over night. A jump on any news is possible and normal I think, the strike didnt seem to do that much cant think of much else

France royal mail, was trading 6pm

abathingape wrote: »

Really... that is ridiculous, if they are able to send the invoice the next day then why not cheque?!?

Shares are not cash, its like they have to wait themselves for a cheque in order to write yours. Usually about 3 days from time of sale to complete I think.

placed a sell this morning at £5.35 note they hit £5.38

I'd guess 525 or above should have sold today, higher then that becomes inversely less likely. Im not seeing 5.35

Amarone

I have a share certificate. I'm in no rush but need to decide where to save it. I note many people are trading through x-o and Hargreaves Lansdown but I may open a stocks and shares account with my bank , First Direct. No one appears to mention doing this?

From there I can trade if I want or put in a stocks and shares ISA as i'm a 40% tax payer but realise you have to hit over £10000 before you get hit with capital gains tax.

A bit of advice on where to send my share certificate would be appreciated as this is the first time I have purchased shares and I may continue when I learn more. I'm intending to be in this for the long run.

papi34

With over 101 pages on this thread I wish I had the time to read it all to consider my options now I have my non-requested share certificate. The current price of over £5 suits me and for the percieved hassle of transferring over I may go through Equniniti. However when I have gone to their share dealing page, It keeps crashing....
With that being said, if anyone can signpost me to previous posting about other options for selling, it would be appreciated not just by me.

Thanks

abathingape

Did anyone get there cheque this morning?

Sold on Tuesday morning via Shareview website and still not got anything despite my invoice suggesting I should have it by now.