Royal Mail Shares

latecomer

Buy direct from .gov website?

MoneySaver9999_2

Any guesses to how shares will be distributed to the retail investors as it is oversubscribed? I don't think anyone will get much more than the £750 minimum.

Assuming it's being valued at £3.3bn, about £2bn is being sold. 70% going to institutional investors and banks, leaves about £600m for the public.

Not sure what to estimate for the percentage of the public buying shares or the average amount they are buying, but assuming 1m people buy, that only means £600 worth of shares each.

BarleyGB

4m bought British Gas, 2m BT so 1m RM could be quite feasible.

Could be £750 +10-20% or something in that region? Thats my guess anyway.

With the demand it would be good to see the Institutional investors share reduced to max 50%. I guess theyve been promised some volume of shares on condition of underwrting the sale?

Rheumatoid

Had a couple of secure messages after applying through HL but no way of accessing them until a client ref is posted to me! Anyone any idea what they might contain?

sabretoothtigger

leaves about £600m for the public.

You forget the workers. They have priority all the way upto 10k
If they all took that up, no public buyer would get anything.
I doubt the average postie is going to buy that much but a fair few might do the 500 and they are first in the queue


Its feasible RM worker gets 600 or 700 allocated per application and the public gets half that. I'd be slightly surprised if public gets nothing but to be honest that would the ideal scenario as with pending strikes you want workers to be interested owners

2010

When is the earliest private investors can sell their shares?

General investors will be able to trade their shares from October 15. But those that applied for shares through brokers offering conditional dealing will be able to trade from Friday.

Party_Animal

"General investors will be able to trade their shares from October 15. But those that applied for shares through brokers offering conditional dealing will be able to trade from Friday."

Can anyone explain conditional dealing and whether Hargreaves, Lansdown allow this?
Thanks

gadgetmind

sabretoothtigger wrote: »

You forget the workers. They have priority all the way upto 10k

99% of RM workers took up the share offer.
But previously, 96% voted to say they didn't approve of the floatation.
99-4=95, so 95% of RM workers (at a minimum assuming all 4% of approvers took up offer) are hypocrites prepared to set aside their socialist principles for a few quid in their back pockets.

I *love* statistics.

custardy

gadgetmind wrote: »

99% of RM workers took up the share offer.
But previously, 96% voted to say they didn't approve of the floatation.
99-4=95, so 95% of RM workers (at a minimum assuming all 4% of approvers took up offer) are hypocrites prepared to set aside their socialist principles for a few quid in their back pockets.

I *love* statistics.

Do you have to be a socialist to disagree?

Gambler

Glen_Clark wrote: »

Under normal circumstances, I transfer funds into my X-O account with my debit card, it shows as funds available within an hour, and then I buy shares with it immediately. But that is the normal T+3 settlement (payment in 3 days). I guess its the same buying RM shares but am not certain.

Thanks for the clarification.

I'm guessing I've missed out hence the '2 day warning' on their website.

Don't think I fancy using more cash to buy direct.