Royal Mail Shares

dealsearcher

fiat127 wrote: »

£10,000 + applicants will get zero. Greed comes before a fall?

Bank savings interest rates are generally down below 1% with a few specific accounts around 1.5%. Many pensioners and other people reliant on savings are getting a very poor return. It is not greedy to try to get a better return on what little savings people may have accrued after many years of work.

Maybe there are people out there who have asked for more shares than they can afford, on the assumption that they would be scaled back. That is greed.

Ologhai

dealsearcher wrote: »

Bank savings interest rates are generally down below 1% with a few specific accounts around 1.5%. Many pensioners and other people reliant on savings are getting a very poor return. It is not greedy to try to get a better return on what little savings people may have accrued after many years of work.

Maybe there are people out there who have asked for more shares than they can afford, on the assumption that they would be scaled back. That is greed.

I'm not sure that's greed either; it's just a strategy (although I'm not saying it's a sensible one) for trying to get the amount they really wanted.

I would only say that if people have applied for more shares than they can actually afford, then this is... perhaps less than wise.

dealsearcher

Ologhai wrote: »

I'm not sure that's greed either; it's just a strategy (although I'm not saying it's a sensible one) for trying to get the amount they really wanted.

I would only say that if people have applied for more shares than they can actually afford, then this is... perhaps less than wise.

Perhaps less than wise? I would say they should be careful what they wish for. If they got all they asked for they would be in a very personal form of boom and bust! Pretty stupid strategy, if you ask me.

[Deleted User]

Hi,

dealsearcher wrote: »

Maybe there are people out there who have asked for more shares than they can afford, on the assumption that they would be scaled back. That is greed.

Ologhai wrote: »

I would only say that if people have applied for more shares than they can actually afford, then this is... perhaps less than wise.

they've got to be able to put the money up front first, so must be able to afford it.

fiat127

I think the best strategy for the £10,000 + applicants is to bombard no:10 with emails saying how unfair it would be to get zero allocation.

Re: ROYAL MAIL 0930: Robert Peston Business editor
blogs: having previously been told that the government had decided not to allocate any shares to investors who had applied for more than £10,000, I have now been informed that the decision will in fact be taken in the coming hours.

Ologhai

[Deleted User] wrote:

Hi,
they've got to be able to put the money up front first, so must be able to afford it.

Just because they have the money doesn't mean they can afford to just buy RM shares with it.

MobileSaver

MyOpinion wrote: »

The latest on the BBC business blog is that the £10k decision hasn't yet been taken

I don't understand the logic of an arbitrary cut-off point.

Let's suppose that 10% of applicants asked for more than £10k; giving them nothing means maybe 70,000 voters are very angry.

If instead you scale back shares so that everyone gets say £750 instead of £800 then would anyone really be all that bothered?

fiat127

MobileSaver wrote: »

I don't understand the logic of an arbitrary cut-off point.

Let's suppose that 10% of applicants asked for more than £10k; giving them nothing means maybe 70,000 voters are very angry.

If instead you scale back shares so that everyone gets say £750 instead of £800 then would anyone really be all that bothered?

Mobile clearly lumped on

abathingape

What are the chances that the cheque for the difference between money taken from your debit card and the amount you are allocated will take weeks if not months to be sent to you.

I applied for £2000 worth and now expect £750. I don't expect to see the cheque for £1250 anytime soon.

Ologhai

fiat127 wrote: »

Mobile clearly lumped on

Can someone translate this into English for me?