Royal Mail Shares

Doshwaster

Party_Animal wrote: »

you can sell conditionally

Conditionally on being able to log on to the HL site

Hermann

Tombola591 wrote: »

I'm in the same boat. But if and when people manage to get through to trade via HL today, should they be entitled to a refund of trading fees?

I would hope so. I doubt you can get any compensation if you end up selling lower than you would have done.

However you're paying them to provide a dealing service, and that service is clearly not being provided in a way that you reasonably expect it too. So that element of cost certainly should be refunded.

Suspect this day should have been their best ever, and it just turned into their worst ever!

spock007

Sold at 441p.

AndyBSG

spock007 wrote: »

OK my sale went through but it says the settle date is 16th Oct - what does this mean?? The money appears to be in my account so...?

Because you're selling them conditionally, before the market opens on Tuesday, you've technically not 'sold' them yet, they can still cancel any of the buys/sells until Tuesday(it would take some sort of catastrophe for that to happen though).

So, your shares will actually settle on Tuesday when the market opens.

Look at it like paying for something on your debit card, the money goes straight away but it takes three days to appear on your statement.

hadders93

Having bought shares and asked for certificates, is there any way I can contact Equiniti and ask to have them transferred into their nominee sharing scheme instead (to sell them more easily)?

Starship9

I think I've managed to net £265 from the glimpses I had of my HL account balance before it threw me out.

I was thinking of buying some HL shares in case they did well today and those bumped up. Glad I didn't now

spock007

Thanks, Andy!

Antimoron

ChopperST wrote: »

You cannot sell until Tuesday.

Out of curiosity - why is it so?

It is not as though everyone will receive their certificates on Tuesday - could be Wed or Thurs!

Genuine question - Why don't they allow sales to be made conditionally at the current price pending when the certificate can be sent in?

Is there a particular reason for this?

dealsearcher

Starship9 wrote: »

I think I've managed to net £265 from the glimpses I had of my HL account balance before it threw me out.

I was thinking of buying some HL shares in case they did well today and those bumped up. Glad I didn't now

Everyone will have the same gain - or nothing. We all received £750 worth of shares if you asked for £10,000 or less.

I managed to log in to HL but I would be careful in attempting a trade at present as their system is clearly failing today. I hope they get it sorted soon or I shall not be using them anymore.

From the demand for these shares I would have thought they could have removed the institutions from the IPO and just kept the private investors. After all we owned the Royal Mail anyway. Many of the institutions are abroad in Singapore, Kuwait, etc.. Surely it would be better to keep the investors in Britain as we have an interest in the Royal Mail being a success? Just a thought.

ChopperST

Antimoron wrote: »

Out of curiosity - why is it so?

It is not as though everyone will receive their certificates on Tuesday - could be Wed or Thurs!

Genuine question - Why don't they allow sales to be made conditionally at the current price pending when the certificate can be sent in?

Is there a particular reason for this?

1. Because those were the terms for buying from the .GOV website - if you intended to sell immediately, choosing to buy through a stockbroker would have been preferential.

2. Because you have opted to hold the shares in paper form - the stock market has moved on to trading shares in a digital world. You don't physically hold the certificate yet to prove ownership of the shares to sell in the first place. What you describe is exactly the benefit of holding shares in an online stockbroker. You can set a price you want to sell at and if the shares hit that point - your broker will sell at that price on your behalf. That is why you generally will pay a trading or holding fee.