Royal Mail Shares

Freecall

2010 wrote: »

445p at the moment but seen it as high as 451p

£4.59 on opening but that was only for a few seconds. Most private investors who wanted to stag will have seen about £4.50

NeilB

Do X-O.co.uk allow conditional trading?
I still haven't received a trading PIN so cant anyway!

guitarman001

Freecall wrote: »

Correct.....

Damn, so I'd have to add money to my normal trading account. OK, thanks for the info.

I_have_spoken

I'll hold for the divi, then sell out when RM is packaged up to be sold to to one of the European postes or private equity fund.

SAHD_Jim

Starship9 wrote: »

I put in for £5K. Still something is better than nothing I guess.

You don't think the HL site outage is deliberate so they get higher fees from phone trades by any chance ?

They say usual internet rates will apply, so no.

However, it is ridiculous that their systems aren't geared up for something they have been pushing like there's no tomorrow

united4ever

could someone clarify, I want to sell as soon as possible. I did not choose nominee or share certificate and bought them on the website.

What's the cheapest way and when is the soonest I can sell. I believe it's tuesday.....but how do i go about selling on tuesday?

Thanks in advance:)

SAHD_Jim

guitarman001 wrote: »

Am I right in saying yuo can't buy them in an ISA until next week? I read that somewhere

VERY poor show from these brokers... they should compensate us!

The original IPO was available in ISAs and SIPPs and you can sell them now (I have), but while conditional trading is in place, you cannot buy in a tax efficient wrapper

Freecall

I_have_spoken wrote: »

I'll hold for the divi, then sell out when RM is packaged up to be sold to to one of the European postes or private equity fund.

A very interesting approach which may have some merit.

At £4.50 though the yield goes down to just over 4% which is in the range of a ‘typical’ FTSE100 equity. But RM is not ‘typical’ for all the reasons that others have pointed out.

It may still be good value to hold but it is highly speculative – well off my risk scale.

Glad I sold whatever happens.

Tombola591

SAHD_Jim wrote: »

They say usual internet rates will apply, so no.

However, it is ridiculous that their systems aren't geared up for something they have been pushing like there's no tomorrow

Did you get through by phone?

Perhaps Vince Cable is behind this as he didn't want people to sell immediately.....;)

murmeltier

We are now 45 minutes after the open, and there is still no access to the HL website, never mind access via phone.






This means I can't even deal in my other holdings!
Just one new listing shutting down one of the biggest retail brokers in the country? Hmm. Not sure how they would do if there was a big market event (think 2008).