Royal Mail Shares

Doshwaster

Mr_K wrote: »

LOL Obviously all the Tory MP's have applied for more than £10K and have rung no.10 as soon as they heard the news.

I wonder how many Labour MPs have applied for shares? Just think embarrassing it would be if their names were leaked!

Ologhai

Mr_K wrote: »

I think i can pick out who has applied for more than £10K on this thread !

An easy thing to say, but, of course, unless you name names, we'll never know if you'd be correct.

MyOpinion

Doshwaster wrote: »

I wonder how many Labour MPs have applied for shares? Just think embarrassing it would be if their names were leaked!

Well their names will be on the shareholders register.

fiat127

Re: How many labour MPs buying RM shares
It would be easy to see the shares register

Knowing who was on the register is what undone Keith Best: ... During the privatisation of British Telecom, individuals were limited to a single allocation of shares. Best submitted many applications by using minor variations of his name. On 30 September 1987, he was sentenced to four months imprisonment for this fraud, and was fined £3,000. On 5 October 1987, the Court of Appeal ruled that his jail sentence was too harsh, and Best was released. His fine however was increased to £4,500.

ajbell

Taken from thisismoney website

Chief executive Moya Greene and 10 other directors have applied for a total of £500,000 of shares, according to the company’s prospectus.
Under the deal, they will pay the same price as other retail investors – between £2.60 and £3.30 per share – but will ‘receive priority on up to the first £10,000 of shares applied for’.

latecomer

I very much doubt the directors will be concerned about this - they will get plenty in bonus's and long term incentive plans etc. Oh and of course gold plated pensions and salaries to boot.

fiat127

All this hype about RM shares makes me think of 1984:

“The Lottery, with its weekly pay-out of enormous prizes, was the one public event to which the proles paid serious attention. It was probable that there were some millions of proles for whom the Lottery was the principal if not the only reason for remaining alive. It was their delight, their folly, their anodyne, their intellectual stimulant. Where the Lottery was concerned, even people who could barely read and write seemed capable of intricate calculations and staggering feats of memory. There was a whole tribe of men who made their living simply by selling systems, forecasts, and lucky amulets. Winston had nothing to do with the Lottery, which was managed by the Ministry of Plenty, but he was aware (indeed everyone in the party was aware) that the prizes were largely imaginary. Only small sums were actually paid out, the winners of the big prizes being nonexistent persons.”

Doshwaster

MyOpinion wrote: »

Well their names will be on the shareholders register.

Isn't that only if they buy directly? If you use a nominee account through a broker then I didn't think you appeared on the shareholder register.

Mr_K

Seems to be a disagreement in this shambles of a coalition. Vince Cable wants the £10K limit, the Tories and their mates don't (wonder why !). No doubt Clegg will be told to shut Vince up, which he'll run along and do like a good little doggy.

sabretoothtigger

Mathematics may be the arbiter I suspect