Royal Mail Stock Holding – What to Do?

granta

I've not received any dividend yet. However, I've only just noticed that my shares have been removed from my platform. I accepted the offer so presume it's related to that?

I was looking to transfer out my other holdings to another provider but presume I am now stuck holding IDS here until the deal completes?

scoops82

Hi - My mum has shares but no certificate (yet inherited my Dads shares and was able to sell them without one). SHe is wanting to sell her shares now and didnt respond to the letter in the thread. Is it to late to do anything?

DUBVENDOR

You can still buy and sell shares in IDS (RM) at market value or take up the offer likely to happen early next year .

Upwind

Anyone had another letter reference the EP UK Bidco Limited along with a Form of Acceptance...?  

thriftytwosome

Yes I have had a letter along with the acceptance form. I cant find any previous correspondence about this offer and its not clear anywhere how much is offered for the shares.

Perhaps I've missed something.

wmb194

thriftytwosome said:

Yes I have had a letter along with the acceptance form. I cant find any previous correspondence about this offer and its not clear anywhere how much is offered for the shares.

Perhaps I've missed something.

See upthread, it's about the takeover. 370p per share including a dividend, IIRC 360p excluding. Trading for 365.2p as I type on the LSE.

Now that everything is moving forward, it looks like the would be buyer is trying to hoover up some more acceptances before the end of the month.

If you don't accept and >90% of shares overall don't accept the offer, your shares won't be compulsorily purchased and you could end up owning shares in an unlisted company.

https://www.londonstockexchange.com/news-article/market-news/acceptance-level-update/16972134

where_are_we

Today I have received an email from x-o (Jarvis) requesting completion of a form of acceptance for the takeover of IDS at a total value of 370p per share made up of 360p cash consideration plus final dividend of 2p plus special dividend of 8p conditional on Aquisition becoming Unconditional.

As a Royal Mail employee I was able to acquire a large amount of Royal Mail shares when first offered which I sold quickly at over 600p a share. However I kept my free shares. There is some suggestion that DK (EP group) will not obtain the required percentage of acceptances for his offer and that he might have to come back with a better offer.

It all depends on what the institutions (who hold most of the IDS shares) do.

I am thinking of accepting the offer because it is a simpler outcome than holding on to the shares.

where_are_we

IDS shares today are about 365p a share - would the 10p total dividend per share in addition indicate that the 370p EP offer may not be enough.

wmb194

where_are_we said:

IDS shares today are about 365p a share - would the 10p total dividend per share in addition indicate that the 370p EP offer may not be enough.

Tight discounts to offer prices often indicate that the market thinks it’s a done deal. Who else is going to offer any more?

Lifes_Grand_Plan

wmb194 said:

where_are_we said:

IDS shares today are about 365p a share - would the 10p total dividend per share in addition indicate that the 370p EP offer may not be enough.

Tight discounts to offer prices often indicate that the market thinks it’s a done deal. Who else is going to offer any more?

Or not...

Why would he / they offer more than they thought necessary to get the deal over the line? You don't get mega-rich by overpaying for things.

Even if he doesn't succeed in the takeover and has to come back and offer more later to some of the big institutional investors, every buy he can make now at this price is money saved.