Royal Mail Shares

scott_lithgows

ChopperST wrote: »

I can't see the industrial action affecting things too dramatically, its already priced in. The post office needs to modernise and the unions are fighting a loosing battle I'm afraid. It is not a skilled workforce and in the current climate there are many others who would be willing to take their place, its the world we now live in unfortunately. Your local postie could well be Romainian / Bulgarian come January.

The value of the company will rise / fall depending on how well they modernise. Their current strength is their infrastructure, whilst dated it's second to none in terms of location and value in real estate terms. The cost of posting letters I would imagine will rise above inflation but this will not be the core business much longer. They need to become more competitive in the parcels market - if they win that battle then they've won the war.

Its how shareholders money that is spent from this sell off and the future sell off that will dictate the rise / fall of RMG...

We have already modernised,90% of the mail to the sorting office comes direct to the relevant walk.

Dispute is basically about pensions.RM like to pay little in but spend what the staff paid in,not them!

Antimoron

Just sold 87 shares at 5.307 for the profits. Got £451.71 after the dealing fee.

I'll hold the remaining 140 to see if it performs as hoped.

I have to admit that if I hadn't been given a certificate, I would have sold ages ago.

AMILLIONDOLLARS

A_Flock_Of_Sheep wrote: »

These are a buy to hold. Silly fools who sold in haste

That's what I'm doing!

AMD

planteria

i have sold this morning, at 535.50p.

Antimoron

planteria wrote: »

i have sold this morning, at 535.50p.

Good stuff - did you sell all?

digannio

I wonder if anyone can clarify a matter for me. I sold my shares on the automated line on Monday before 9am and according to the information supplied by Equiniti anything received by 9am would be sold by 11am.

My wife made the order to sell hers before 10am, which, according to Equiniti, meant they would be sold before 3pm.

When the cheques arrived today the sales were timed at 4.54pm and 4.55pm at virtually the lowest prices of the day and hours after the time they pledged to carry out the sales.

My question is are they just allowed to ignore the pledge they sent out around deadlines for sales and do I have a legitimate cause for a complaint. It just seems completely wrong they they just ignore their stated deadlines which we used to base our sales decisions on.

ChopperST

Instructions will be added together with those of other customers and sold at intervals:

Received on a business day by 9.00 a.m. - sale by 11.00 a.m
Received on a business day by 1.00 p.m. - sale by 3.00 p.m
Received after 1.00 p.m., sale by 11.00 a.m. on the next business day

Monday trade before 11 am would have been around the 513.78 mark
Monday trade before 3pm would have been around the 510.65 mark

This is assuming they were sold at those exact times.

Your shares would have sold at around the 508 mark at the times you quoted so assuming you sold your whole quota the differences are £11 and £6 due to the difference in trading times. I guess its worth asking the question of Equiniti and asking for an explanation...

digannio

The prices we were given were £5.08 and £5.04... both sold hours after Equiniti's promised deadlines. In fact the one with the sale ordered before 9am was the one that went through last at 4.55pm. Reading other posts on here it seems like a case of Equiniti..... !!!!-up, brewery etc.

ChopperST

The obvious question is have you spoke to them?

digannio

Yes, I've sent them an email spelling out the discrepancy. See what they have to say. I must admit I half exepected this after an earlier post about someone making an order to sell on the morning and it going through the following afternoon at a crap price. I guess it's probably fairly common and that they will say something along the lines of "Volume of business, refer to the minutiae hidden in our terms and conditions, blah, blah, blah."