Royal Mail Shares

AndyBSG

Seems a lot of people really are confused so here's a few bullet points from my phone call on the helpline

- If you bought through the RM website you should have had an E-mail from [EMAIL="noreply@equiniti.com"]noreply@equiniti.com[/EMAIL] titled 'Thank you for applying in the royal mail share offer'

- It will have a 'share offer number' and an application amount confirming the amount you applied for.

- If you applied for less than £10,000 then you HAVE been awarded £750 of shares(227 shares) and you will be refunded any remaining money on Monday.

- You will also receive an E-mail on Monday with details of how to access your shares through the company who are administering it for the government

- You CANNOT officially sell those shares until Tuesday when the market opens. Those people who are buying and selling shares at present are doing so because they bought their shares through specialist brokers.

- Those people selling their shares now are only selling their shares under special conditions. This is not 'unfair', the conditional market is standard for any new company flotation where the company will allow insitutional brokers and selected private broker firms to trade early.

- This is done to get an indication of if the flotation is going to be successful and it is entirely conditional. For example if the shares flopped today and tomorrow to 50p a share it means the Royal Mail could realise it was a horrible mistake and cancel the share issue rather than risk selling their business for much less than it's worth.

- It is NOT unfair. Anyone could have researched who the brokers were that offer conditional trading and opened an account with them. If people didn't do that then it's their own fault.

There's a big difference between something being unfair and something being your own mistake.

pine77

sabretoothtigger wrote: »

Are they to flip them overnight or sell next week or this year even. Problem is we do need someone to actually hold these shares, tie up money for a decade maybe.
These and others are likely candidates to wave goodbye to the money for a while with the chance to take part in a company with a striking workforce

Thank them because this is why you can easily sell today

What planet do you inhabit? Most these royal families bought in big and sold today or will sell next week. They are not long term and are under no obligation to be long term. They prefer to keep their money in property, land, functioning business (hotels, etc) - not ex public companies like RM that strike every other week.

I put in £70,000 for shares in Royal Mail but was blocked by Vince Cable and got 0 because I am a 'Spiv' or 'greedy' and the other investors from city investment groups are..not?? :T

The Royal Families - /Singapore funds who were allowed to buy and sell do not dictate the market and whether they sell early or not, has no bearing because Royal Mail was under valued anyway and will always attract buyers of its shares because it is a MONOPOLY.

Irony is, Royal Mail was seen by many global royal families as shoe in and they were allowed to buy where as non royals were blocked by Vince Cable. It truly is a Royal Company.

tuk

Dangerous_Dave2k wrote: »

But the cheapest way to sell for most small shareholders with just the minimum allocation will be through a temporary telephone and postal dealing services, again run by Equiniti, where the charge will be 0.75% of the value of the transaction, subject to a minimum charge of £7.50.

The conditions on the £7.50 charge mean you could potentially end up paying a lot more than the £10 you saved.

AndyBSG

tuk wrote: »

The conditions on the £7.50 charge mean you could potentially end up paying a lot more than the £10 you saved.

Indeed you could but chances are you're going to be paying a LOT less unless you got more than £750 worth of shares or something spectacular happens to the share price!

TD Waterhouse for example charge a flat fee of £12.50, an annual account fee and a fee for closing your account so you could be looking at over £30 of charges if you opened an account with them purely for the RM share issue.

HL charge 11.95, plus 1% of the value and they also charge you a percentage annual fee based on your portfolio worth.

The fee's for the government one are very reasonable and are actually very cheap if you sell before November.

Rheumatoid

AndyBSG wrote: »

Indeed you could but chances are you're going to be paying a LOT less unless something spectactular happens to the share price!

TD Waterhouse for example charge a flat fee of £12.50, an annual account fee and a fee for closing your account.

HL charge 11.95, plus 1% of the value and they also charge you a percentage annual fee based on your portfolio worth.

The fee's for the government one are very reasonable and are actually very cheap if you sell before November

HL do not charge 11.95 +1%

Share dealing charges (per deal)
Online and mobile app
(shares, exchange traded funds
and investment trusts) Deals previous month Dealing charge
0 - 9 deals £11.95
10 - 19 deals £8.95
20 or more deals £5.95
The online share dealing charge is determined by the number of deals you placed in the previous calendar month. The tariff you pay in August, for example, will depend on the number of share deals you place in July, and we count deals placed across all the Vantage accounts held under the same client number.
Phone and post dealing 1% (£20 minimum, £50 maximum)
Please note: residual stocks, bonds, gilts, VCTs and PIBS can only be dealt over the phone.
Share dividend reinvestment 1% (£10 minimum, £50 maximum)
In each account, if you choose automatic reinvestment, any dividends you receive will be reinvested once they reach £200 per share holding.

ChopperST

We really need a sticky on the main site for how to do this.

If you sell on Tuesday online via Equiniti it will cost you £7.50 which is pretty much comparable to most of the online brokers anyway give or take a couple of quid either way.

It won't be long till those who bought via the Royal Mail share offer site start screaming they were "mis-sold" their shares as they couldn't sell them today like those who bought via brokers because they did a little more research and didn't purchase at the last minute.

pearl123

ChopperST wrote: »

We really need a sticky on the main site for how to do this.

If you sell on Tuesday online via Equiniti it will cost you £7.50 which is pretty much comparable to most of the online brokers anyway give or take a couple of quid either way.QUOTE]


There's an awful lot of newbies who have been asking for advice a sticky on the main site would be useful.
Please if someone could post something up.

Rheumatoid

"Placing a deal is easy. If you have registered for online access you can give us your dealing instruction by logging into your account with your username and Master Password."

They are clearly deluded:rotfl::rotfl::rotfl:

dealsearcher

Rheumatoid wrote: »

"Placing a deal is easy. If you have registered for online access you can give us your dealing instruction by logging into your account with your username and Master Password."

They are clearly deluded:rotfl::rotfl::rotfl:

I have to agree. When I have been able to log in, get through to the dealing page and eventually make a deal it always times out. I have tried about twenty times throughout the afternoon. Somebody is making trades, but it is not me. :cool:

Hermann

dealsearcher wrote: »

I have to agree. When I have been able to log in, get through to the dealing page and eventually make a deal it always times out. I have tried about twenty times throughout the afternoon. Somebody is making trades, but it is not me. :cool:

It just seems to be pot luck. If you keep trying you might eventually get lucky. Of course this just puts even more pressure on an already failed system. It's become self perpetuating.

Of course this means you can't really choose when to deal, you just end up keep trying and taking whatever worked. Far from ideal.

Thankfully for those trading Royal Mail shares the price is relatively stable coupled with small holdings means the price variations don't cost you a lot.

For anyone trading other shares though the lack of access today could have cost them a lot.