Royal Mail Shares

dealsearcher

ps2659 wrote: »

Does anyone know the grey market price for Royal Mail shares tomorrow looking to sell before Tuesday.

It closed at £4.55. Will it spike up? Or down?

£4.55 is high compared to the IPO price so there may be selling as many could not sell on Friday. Or it could spike up if there are many who could not buy on Friday and want to get in before it becomes unconditional on Tuesday. Now where did I leave my crystal ball? .....

ChrisProth

Does anyone who missed out plan on buying shares first thing tomorrow? I'm considering buying at 4.55. From what I gathered the price is due to go up again tomorrow.

ps2659

dealsearcher wrote: »

It closed at £4.55. Will it spike up? Or down?

£4.55 is high compared to the IPO price so there may be selling as many could not sell on Friday. Or it could spike up if there are many who could not buy on Friday and want to get in before it becomes unconditional on Tuesday. Now where did I leave my crystal ball? .....

Thanks for your comment, just asked if anyone knew grey market price for the shares hope you find your crystal ball.

Hermann

ps2659 wrote: »

Thanks for your comment, just asked if anyone knew grey market price for the shares hope you find your crystal ball.

The markets closed, no one can tell you what the price will be when the market opens again. The price is going to be constantly changing whenever the market is open.

Once the market is open ask for a quote, you'll then be told a price and have a few seconds to decide whether to accept.

HardCoreProgrammer

I could not sell on Friday, not because of the problems with Hargreaves Lansdown, but because I was too busy working to put in an order!

So I got the standard allocation, and made about 250 pounds on paper - just enough to pay the rent for 2 weeks or so. It does not make a massive difference to my finance.

70% of the shares were allocated to Tory party donors, sorry "institutional shareholders". While they have made an absolutely killing (and the taxpayers got shafted big stylee), we are left arguing over whether we will make more than 250 pounds or less if we hold on to the shares.

I just cannot but see the funny side of all this - throw the hoi polloi a few crumbs and watch them scrap over them. Sorry if you think it is a cheap shot.

Nick_C

marvin wrote: »

If RMG is worth £5.50 Resolution at £3.25 is a bargain, bigger potential dividend (assuming it is not cut) at 6.5% and I think Resoloution is a risk share where there is potential for capital loss just as I think there is for RMG.

If Resolution is valued at £3.25 with a 6.5% divi then £3.30 is about where RMG should be, shouldn't it?

If you look at a range of shares in the FTSE250, there is no correlation between price and dividend. I wouldn't buy RSL today at £3.25, but I did buy less than a year ago at £2.13 with a dividend of 9.9%. With that level of return, I considered it high risk, and have been amazed at the 50% increase in price.

tuk

ps2659 wrote: »

Does anyone know the grey market price for Royal Mail shares tomorrow looking to sell before Tuesday.

This is a bit like asking for next weeks lottery numbers, the best you can do is look at the Friday's closing price & guess from there.

dealsearcher

HardCoreProgrammer wrote: »

70% of the shares were allocated to Tory party donors, sorry "institutional shareholders". While they have made an absolutely killing (and the taxpayers got shafted big stylee), we are left arguing over whether we will make more than 250 pounds or less if we hold on to the shares.

I just cannot but see the funny side of all this - throw the hoi polloi a few crumbs and watch them scrap over them. Sorry if you think it is a cheap shot.

Not far wrong. But it's even worse than that. Many institutional investors are based overseas (Singapore, Kuwait, etc.). Private investors had to be based in Britain to buy. To favour them would have meant British people having money to boost the British economy.

And the main protagonist of this seems to be Vince Cable, the well known Liberal Democrat.

This IPO may help the British economy a bit but not half as much as it could have done.

2010

No one knows which way the price will move tomorrow.
My own guess is down.
On Friday for most of the day they traded between 435p to 450p.
It was only an end of trading there was a frenzy that saw it reach 455p at close.

Looking after the 4-30pm close there were some massive sells and these were going at about 10p below the closing price.
One went through to sell 2,200,000 at 443.76p.
Another for 500,000 went through at 440.86p.
The very last trade was a sell at 442p for 26,000 shares.

Kinda makes the thousands of "227"`s look a bit minor.
A massive 239 MILLION shares were traded.

Glen_Clark

Royal Mail are a waste of time

In the past month all ive had is gas bills and JUNK from the likes of sky and virgin media

Whenever i get anything worth receiving - like a new blow-up doll, a bottle of liquid fluoxetine or an expensive American self-help DVD on how to pick up women - then its always delivered by another courier