Royal Mail Shares

blinko

Basil74 wrote: »

Thank you for that chopper and blinko. I'm totally new to shares and started having a bit of panic that I was about to sign my holding over to some scammers for them to never be seen again!!

I would use XO for actually completing the trade but other sites such as hargreaves lansdown iii.co.uk cityam etc will be a good port of call for the actual research and graphs etc

Not that its a huge amount of difference between £10 - £6 but so far XO have provided a good service, handled my royal mail shares fine, my diverse income trust share placing went well, respond to questions quickly

downside is the website is pretty basic, although this is supposed to be overhauled in 2014

Yorksport

2010 wrote: »

This is exactly what I was trying to point out to the poster who said they couldn`t see any rise short term.

We'll see but I would expect that is already in the price.

2010

Yorksport wrote: »

We'll see but I would expect that is already in the price.

Current price 577p. @12-28

As you say we`ll see in Dec.

buglawton

mcscoty1973 wrote: »

Buglawton I did that, find email address in their FAQ on their main site and send them a mail with the value you want to transfer in. I put in bank details again for sanity check, got reply within an hour that it had been processed and money in bank 2 days later

Thanks. I also wish to transfer funds from X-O back to self.
On X-O's online user guide is talks about a BACS transfer to the account details they already hold on you. Now I don't recall sending acct details yet. Online user guide is mute on this point. So as you did, looks like one sends in account details by Email. This does not look like a terribly secure way to receive the dosh.

Northern_Light01

I missed out on the initial offer because I was unsure about share dealing. But over the last while I have read up a bit about the stock market and have even gone as far as opening a share dealing account.

Disappointed of course to have missed out on the big gains. But I see that certain experts (they've forgotten more than I'll ever know) have said that Royal Mail shares will soar above 600 pence each. I notice that they have peaked at 591.5p and now sit at 569p.

I know that if I were to buy now and they were to reach the magic 6 quid soon I would only show a profit of around 6%. But this is a much better return than the banks are offering at the moment. Should I invest a grand in this now and at least have a decent consolation prize?

Or should I wait until the government sell the rest of the shares? And when will this be?

Thrugelmir

Northern_Light01 wrote: »

I know that if I were to buy now and they were to reach the magic 6 quid soon I would only show a profit of around 6%. But this is a much better return than the banks are offering at the moment.

HSBC are a reasonable bet at the moment and offer a 4.28% yield.

Northern_Light01

Thrugelmir wrote: »

HSBC are a reasonable bet at the moment and offer a 4.28% yield.

I notice that many shares just now are hovering at or around their yearly high. HSBC is a big exception to this at the moment. Probably suffering a bit unfairly because of the ill feeling about the banking sector just now. This surely means good scope for a decent capital gain over time as well. Even if that means that the yield wouldn't be so good unless the dividend also increased in line with this

But the scope for a price rise definitely makes this one for the short list. Thanks for the heads up!

Thrugelmir

Northern_Light01 wrote: »

I notice that many shares just now are hovering at or around their yearly high. HSBC is a big exception to this at the moment. Probably suffering a bit unfairly because of the ill feeling about the banking sector just now. This surely means good scope for a decent capital gain over time as well. Even if that means that the yield wouldn't be so good unless the dividend also increased in line with this

But the scope for a price rise definitely makes this one for the short list. Thanks for the heads up!

One to follow. Though as is the case with the majority of the banking sector watch out for the bad news. As it still keeps on coming!

Northern_Light01

Thrugelmir wrote: »

One to follow. Though as is the case with the majority of the banking sector watch out for the bad news. As it still keeps on coming!

With the Lloyds TSB flotation to come next year, I'm sure many eyes will be trained on this sector! The success of the RM sale seems to have made IPOs highly fashionable again and the Government must want the sell off of Lloyds to include some element of gain for private shareholders to maintain interest.

If there is no further grim news from the banking sector and the Lloyds sale achieves both a decent price for the taxpayer and noticeable gain for the shareholder, then this would probably mean that HSBC shares are a little bit cheap at today's price. But like you say, the banking sector is a somewhat risky place to be right now!

dealsearcher

The difference between Lloyds and HSBC is that HSBC currently pay a dividend. With Lloyds now planning to start paying dividends next year their share price should rise. That would be good for the tax payer as we would like to get as much back as possible after the banking debacle of 2007 - 2008.

Reference the bad news surely they have forensically examined all of these banks by now? I would hope they are emerging as much better businesses than they ever were before. :undecided