Royal Mail Shares

Doshwaster

marvin wrote: »

to be pedantic £250.90 as 227 shares at £3.30 = £749.10

Fair point. I can now spend £250 and have enough left over for a bag of crisps.

Blackdog

At least we now the answer to how many we will be allocated even if it is a bit disappointing. The share price should rocket next week at this rate and I suspect most people will keep their £750 worth rather than selling some for a quick profit which they would have done with a larger allocation.

tuk

gt94sss2 wrote: »

The nominee service is likely to be more expensive when it comes to selling your shares. In fact, it may even be cheaper to pay the 'transfer out' charge the RM nominee will charge (£10) and use another broker then selling via the RM nominee (depends on the size of the holding)

Now we know the price, allocation & someone mentioned earlier you will be able to sell via Equiniti for £7.50 for a limited period ...will it be worth transferring?

2010

The people who asked for up to £9,999 will get half their allocation, is this how others read it?

Freecall

Doshwaster wrote: »

I applied for £1000 so if I'm getting £750 then I'm reasonably satisfied. I just need to decide what to spend my £250 refund on!

Those who applied for more will get an even bigger refund...

:beer:

Happy days!

.

marvin

2010 wrote: »

The people who asked for up to £9,999 will get half their allocation, is this how others read it?

No. Everyone gets 227 shares or nothing

Doshwaster

2010 wrote: »

The people who asked for up to £9,999 will get half their allocation, is this how others read it?

No, you get £750 or nothing.

http://www.bbc.co.uk/news/business-24480450

Business editor at the BBC Robert Peston said: "The allocation of shares turns out to be very simple. If you've applied for up to £10,000 of shares, you will get £750 worth of shares. It is no more complicated than that."

MoneySaver9999_2

2010 wrote: »

The people who asked for up to £9,999 will get half their allocation, is this how others read it?

No, everyone that asked for £10k or less, gets 227 shares

squawkbox

Sadly not, everyone got £749.10 worth (unless you ordered more than £10,000 - then you get none).

So if you ordered £5k worth, you get £749.10 worth.

Rheumatoid

2010 wrote: »

The people who asked for up to £9,999 will get half their allocation, is this how others read it?

No

"More than 270,000 applicants, (37% of applicants) will receive at least half of the shares they have applied for" is a bit confusing but just implies 37% applied for 1.5k or less