Royal Mail Shares....

murph · Oct 9, 2013

monaghan said:
That's the Post Office - Royal Mail & Post Office Counters are different businesses, Royal Mail is the letters delivery business whereas the Post Office have the High St shops with all these fancy add-ons as well as the traditional books of stamps. I'm guessing if they are sold off then the sub £1 monopoly will go allowing other couriers to deliver letters making the market even more confusing.

Ah yes!!

Oh well, took a punt via HL for 2.5k. Seems we should get at least the guaranteed £750 and according to he Telegraph, if the city expectations are right that should see an instant £250 profit!

newguy · Oct 9, 2013

This is the sort of thing where if I do go for it, it will instantly plummet and if I don't it's easy money for all involved. For all of your sakes I won't tell you what decision I made this time around :-D.

monaghan · Oct 9, 2013

newguy said:
This is the sort of thing where if I do go for it, it will instantly plummet and if I don't it's easy money for all involved. For all of your sakes I won't tell you what decision I made this time around :-D.

Ha Ha, know what you mean, never get behind me in a supermarket queue if you are in a hurry. Best of luck to those who took a punt.

I'm an ex RM employee and I think it is wrong (especially considering that RM profits used to go back into the treasury - not sure if that's still the case), but those in power are determined to sell off everything we have and let control go to private companies outside the UK.

dashu1 · Oct 9, 2013

stender said:
It will no doubt end up being majority owned by a foreign company and then prices will go up and up as with other privatised companies. I daren't think how much a stamp is going to cost!
Worst thing to happen was privatising the energy companies.

It's just a big con isn't it - the public taxpayers money builds it, then it's privatised and we all get to pay more to use the service that our money built.

Worst thing with the RM is that their pension liabilities of several £Billion have been passed onto the public, and once it's off the balance sheet they make it private - so in essence we're all going to be paying the liabilities of a private company while that private company puts the prices up and we're even more out of pocket.

Double whammy.

eddieb · Oct 9, 2013

dashu1 said:
Double whammy.

Better make that a treble whammy - as RM have accumulated so many losses in the past (recent years excepted) they are not expected to have to pay any tax for between 6-10 years

stender · Oct 9, 2013

Will be outsourcing the police to india next!

monaghan · Oct 9, 2013

stender said:
Will be outsourcing the police to india next!

Don't give them ideas!

murph · Oct 12, 2013

Rob_F said:
Via Barclays Stockbrokers. - Rob

Kept yours or cashed in?? Nice that the city predictions came true.

Rob_F · Oct 12, 2013

murph said:
Kept yours or cashed in?? Nice that the city predictions came true.

Sold @ 455. I only ended up with £750 worth though. You?

- Rob

murph · Oct 12, 2013

Not yet, HL was having website technical difficulties forcing ppl to deal over phone. That costs £50 vs the £11.95 online price. Surprising that eh?

max99x · Oct 14, 2013

Got £750 as well, deciding what to do now

murph · Oct 14, 2013

max99x said:
Got £750 as well, deciding what to do now

Can't decide whether to sell or not! They went up first thing... Which surprised me I must say. Potential RM strikes as early as 23rd, that could drive price down..

mally · Nov 5, 2013

Dud you all keep or sell?

newguy · Nov 5, 2013

mally said:
Dud you all keep or sell?

I did decide to buy in the end. Still got mine. Heard it might be FTSE listed next month which could help up the share price more, though that is likely already factored in to some extent. No rush to sell right now, as the general trend appears to be upward. Dividend pays in July next year. Not huge of course for those with 227 shares, but worth having all the same.