Royal Mail Shares

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  • Polly
    Polly Posts: 898 Forumite
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    I hope this is the right place for my question as you all sound very knowledgeable. I want to sell my 227 Royal Mail shares (paper certificate) and have opened an online account with Equiniti. However, it appears that they will take a fee of £45 and I'm just wondering if this is reasonable? I have no other holdings and am new to share dealing. This transaction will be a one-off. Grateful for any advice.
  • Buzby
    Buzby Posts: 8,275 Forumite
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    Reasonable (for them) but not if you are simply bailing out. As I recall the RM Registrars were offering an execution-only sell-off for shareholders who wish to cash up - £25 rings a bell. Ask them.
  • Polly
    Polly Posts: 898 Forumite
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    Thanks for the reply. Would you have a link or contact no? £25 sounds much better.
  • hethmar
    hethmar Posts: 10,678 Forumite
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    edited 10 December 2013 at 7:19PM
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    I sold mine through them and Im pretty sure it was only £7.50? A special deal for these shares? Have a look on your emails from Royal Mail I think it tells you there.or on the equiniti site? Or give equiniti a ring and ask. They are very helpful as I wanted to sell my on the automated phone deal and couldnt find my account ref no.

    I sold mine at £5.96 :)
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
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    Sign up to x-o (Jarvis) £5.95 per trade no ongoing commitment.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • Polly
    Polly Posts: 898 Forumite
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    I think the £7.50 rate was only for those with shares held online. I managed to get a paper certificate though I'm certain I opted for online only.
  • NewBoy12
    NewBoy12 Posts: 43 Forumite
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    RM joining the ftse 100 on 23-12-13 - any idea what effect this has on the share price?
  • sabretoothtigger
    sabretoothtigger Posts: 10,035 Forumite
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    none automatically. They'll buy before it actually enters, already have I think
  • Old_Slaphead
    Old_Slaphead Posts: 2,748 Forumite
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    NewBoy12 wrote: »
    RM joining the ftse 100 on 23-12-13 - any idea what effect this has on the share price?
    Negligible.
    At near 6 quid they look fully valued.
  • sabretoothtigger
    sabretoothtigger Posts: 10,035 Forumite
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    Canada to scrap national mail delivery. Sounds like every avenue would have a central post

    http://www.cnn.com/video/data/2.0/video/bestoftv/2013/12/12/canada-stops-mail-romans-newday.cnn.html
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