Royal Mail Shares

IronWolf

It seems almost every retail investor is looking to flip them. I wonder what all that selling will do to the price on the first day of trading

SailorSam

Hey you know the way lots of companies give perks to their shareholders, i've just heard a rumour that RM will be giving all their shareholders a dozen 'free' 1st class stamps every Christmas.
Is this true, do you believe in Santa ?

2010

IronWolf wrote: »

It seems almost every retail investor is looking to flip them. I wonder what all that selling will do to the price on the first day of trading

Don`t you mean retail investor on here?

Tombola591

2010 wrote: »

I`ve asked around but no one seems to know if you can trade on a "when issued" basis.
ie: unconditional Friday and Monday.

If my allocated shares are showing in my dealing account on Friday/Monday then I assume they can be traded on a "when issued" basis.

I'm sure I read on Hargreaves Lansdown's website that they would allow people to do this - although isn't selling on a "when issued" basis a bit too risky for small investors?

2010

Tombola591 wrote: »

I'm sure I read on Hargreaves Lansdown's website that they would allow people to do this - although isn't selling on a "when issued" basis a bit too risky for small investors?

"When issued" I think refers to the fact that until 8am Tuesday RM is not listed on the LSE.
If for some reason it doesn`t list then all Fri/Mon trades are cancelled.

I don`t think your broker would let you trade unless they know you have the shares available and they too would warn you of the conditions regarding "when issued".

Tombola591

2010 wrote: »

"When issued" I think refers to the fact that until 8am Tuesday RM is not listed on the LSE.
If for some reason it doesn`t list then all Fri/Mon trades are cancelled.

I don`t think your broker would let you trade unless they know you have the shares available and they too would warn you of the conditions regarding "when issued".

Thanks for clarifying. So I suppose the safest thing to do if selling these shares during conditional trading is to keep aside the full amount received (so that it could be repaid to the buyer if the trade is cancelled).

I'm not sure what I'll do yet. I was thinking of selling immediately but I'm prepared to hold on to the shares in the short-term.

2010

Tombola591 wrote: »

Thanks for clarifying. So I suppose the safest thing to do if selling these shares during conditional trading is to keep aside the full amount received (so that it could be repaid to the buyer if the trade is cancelled).

I'm not sure what I'll do yet. I was thinking of selling immediately but I'm prepared to hold on to the shares in the short-term.

Have a read of this for more info.
Scroll down to "when issued".

http://www.halifax.co.uk/sharedealing/royal-mail-details/

Tombola591

2010 wrote: »

Have a read of this for more info.
Scroll down to "when issued".

That's really helpful - thank you.

blinko

I'm in for some royal mail shares!!! looking forward to that handsome dividend (if it does go ahead i think it will be the highest yielding stock on the market, which should push income funds to purchase)

tuk

2010 wrote: »

At this late hour the best you can do is buy from RM site, let them hold them in a nominee account and then sell through them straight away.
It will cost a minimum of £17-50 or 1% but at least it`s the fastest way.

This is exactly what I've just did, but can't seem to find any info how I get RM to sell the shares on my behalf? ...& is this something I can do on the first day of trading: 15 October 2013 ?