Royal Mail Shares

Antimoron

Haha - I like that opinion!

Savvy/lucky by accident. We'll see tomorrow whether I'm pleased or !!!!ed.

buffman

I applied for my shares online using the government's website, paid by debit card and elected to use Equinity as custodian. I was wondering whether anyone who applied through the government's website have received their refund yet?

Yorksport

dealsearcher wrote: »

Price on the way up! Buy! Buy! Buy!

Sorry I had a little turn there.

Bye Bye.

Interesting to contemplate buying more rather than selling which most people on here seem to be thinking about. As individuals, we all got 227 but probably wanted a lot more given the likely income yield. My initial feel was that they wouldn't be worth more than £4.30 so I wouldn't buy beyond that price but I'm reflecting. See how it looks over the next few days although £12 looks pie in the sky.

latecomer

Think £12 is laughable but was considering buying more on friday when the price dropped to around £4.30 - now looking like it would have been a good idea. Still undecided whether to hold or sell. Also considering selling today and maybe buying back tomorrow. Indecisive as ever

Crater

bgbg wrote: »

Has anyone who purchased through gov website had their login details yet ??

Not us. And to be honest I am currently more obsessed with when they will refund the money for our non-allocation.

Hermann

Shamsan wrote: »

Not us. And to be honest I am currently more obsessed with when they will refund the money for our non-allocation.

By Monday 21st is it not?

dealsearcher

latecomer wrote: »

Think £12 is laughable but was considering buying more on friday when the price dropped to around £4.30 - now looking like it would have been a good idea. Still undecided whether to hold or sell. Also considering selling today and maybe buying back tomorrow. Indecisive as ever

To make you feel better I tried to buy in on Friday at £4.37 but the Hargreaves Lansdown site was down all day long. So you may not have been able to buy anyway.

Ologhai

MoneyWeek's latest thoughts on RM:

Should you sell your Royal Mail shares?

The short version:

I'd sell.

latecomer

dealsearcher wrote: »

To make you feel better I tried to buy in on Friday at £4.37 but the Hargreaves Lansdown site was down all day long. So you may not have been able to buy anyway.

I signed up using the Bank of Scotland sharedealer site and it was working fine on friday - only problem I encountered was my indecision

Crater

HardCoreProgrammer wrote: »

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.

Similar thoughts have definitely been forming around here! The small investor can't actually invest to any extent, just get a modest payoff if they are quick. Meanwhile the government hangs onto our overpaid money at zero interest.