Royal Mail Shares

lulu650

Now 436.00
http://www.livecharts.co.uk/share_prices/share_price/symbol-RMG

jamesd

spock007 wrote: »

it says the settle date is 16th Oct - what does this mean??

It's standard practice for settlement to be several business days after the deal is done. This gives a chance for the back end systems to get the paperwork done and money sorted out. It's not something specific to this offer, it's normal for share and fund trades.

You can trade with the money but they might not let you withdraw it until after settlement. That's in part because now is conditional trading time for this share issue and all deals could be reversed. Bit hard to reverse it when you already have the money in your bank account.

opinions4u

Bailed out at 440p.

£238 up after dealing costs.

I was going to hold longer term, but I can diversify better in other ways now.

AndyBSG

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?

Becuase Tuesday is the date the shares are officially listed on the stock exchange and hte company floats.

All of the 'conditional trading' taking place Today and Monday can be cancelled and the governent can call the whole thing off.

That's the advantage of buying through a broker, you can trade early on the volatile conditional market.

NeilB

Just in case anyone else has user ID or password issues with X-O, if you get it wrong 3 times, your account will be locked, but it doesn't say this online, it just says your details are incorrect. The guys on the telephone helpdesk are very good, they can sort it all out.

AndyBSG

opinions4u wrote: »

I was going to hold longer term, but I can diversify better in other ways now.

I'm hoping to bail at 4.40 when general trading opens on Tuesday. The plan is to cream off any profit I make then wait for the share price to drop in the next few weeks then re-invest my £750 at the low price for the long term

Nath4n

I know hindsight is a wonderful thing, but wishing I'd used an online broker to order instead of the gov website. I would have liked to have traded out conditionally at least a few of my 227 first thing this morning, waiting until Tuesday (and watching the price slowly slide down) is slightly torturous

Snorth

been tied up all morning and looks like ive missed a few quid

whats the concencus - sell now still at 3.35 or hold tight?

BarleyGB

I cant help wonder this sale was a political stunt, its clearly undervalued and all looks nicely targetted at the squeezed middlers.

I would love to see the demograhics for those bidding for less than £10k, im assuming those over 10k are in the most part conservative voters and unlikely to be swung by the governments decision to cut-off at £10k

tuk

Snorth wrote: »

whats the concencus - sell now still at 3.35 or hold tight?

Sell Now! ...to me & I'l give you 3.40