Royal Mail Shares

Crater

krispey wrote: »

Unable to do this, card must be registered to the address

Looks like I might have to right my money off, getting very worried, will the refund for wanting more than the minimum simply be refunded to the card or will it go by cheque ?

I'm going to make a wild guess that, if you gave them bank details for direct payment of dividends, it will go direct to your bank, and if (like me) you didn't, then it will go by cheque. Though it's just possible they can simply back-pay to the bank of everyone that paid by Debit Card, but I thought that only worked for whole payments, not part payments.

Hermann

Hargreaves Lansdown state...

Allocated shares and cash balances will be added to clients' accounts before the shares begin conditional trading at 8am on Friday 11 October.

tuk

abathingape wrote: »

Cant see anything in the prospectus to that effect.

Did you read the pages mentioned?

kissjenn

I've a Bank of Scotland account. It's website says...

Your application is being processed in time for conditional dealing commencing 8am on Friday 11th October. Any excess cash will be returned to your share dealing account(s) prior to this time.

Lovingthisboard

Shamsan wrote: »

I'm going to make a wild guess that, if you gave them bank details for direct payment of dividends, it will go direct to your bank, and if (like me) you didn't, then it will go by cheque. Though it's just possible they can simply back-pay to the bank of everyone that paid by Debit Card, but I thought that only worked for whole payments, not part payments.

From their original FAQ

If I don’t receive all the shares I applied for, how will you refund (some of) my money?

That will depend on how you applied.

• If you applied and paid online using this website, any refund will be paid electronically to the bank account connected to the debit card which you used to apply.
• If you applied using a paper application form, the refund will be sent to you by cheque at the address on the application form.

Ologhai

Is there any stamp duty for buying RM shares? I guess I imagined there would be, but it doesn't look as if I've been charged stamp duty as part of the trade (at least so far).

torbrex

Ologhai wrote: »

Is there any stamp duty for buying RM shares? I guess I imagined there would be, but it doesn't look as if I've been charged stamp duty as part of the trade (at least so far).

No

MobileSaver

lewis92 wrote: »

Feel absolutely conned.

They shall pay at the ballot box.

I agree, they've just ensured I will not be voting in the next election.

I'm sure they're quaking in their boots... although a couple of years ago the local election around here was literally decided by one vote.

Ologhai

torbrex wrote: »

No

Thanks!

It's not that I don't believe you or anything, but... do you have a link to where the no-stamp-duty thing is stated 'officially'?

2010

Ologhai wrote: »

Thanks!

It's not that I don't believe you or anything, but... do you have a link to where the no-stamp-duty thing is stated 'officially'?

You only pay stamp duty when buying shares through the stock market NOT an IPO, then it`s .5%.