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Royal Mail Flotation
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
Now all the razzamatazz is out of the way and it's happened, did the Government set the price too low?
Isn't this how all the utilities ended up being owned by France or another country? Which country will end up with the Queen's Head?
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"£4.80 at one point today. £3.30 last week.
How can they not have been too cheap?"
Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process. |
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"
Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process."
No he just needs enough to throw a tax cut "bone" to the stupider members of the electorate just before the next election in order to buy 5 more years |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"
Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process.
No he just needs enough to throw a tax cut "bone" to the stupider members of the electorate just before the next election in order to buy 5 more years"
What's a billion here or there?
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By (user no longer on site)
over a year ago
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The only tax cut will be for those that have lost their child benefit.
Have to keep em sweet if they want to win the next election,without the aid of no Morals Cleggy. |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"the tory undervaluation of the royal mail shares has cost the taxpayer more in 3 days than benefit fraud will in 365 just a thought "
That is a thought but not one many will have.
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"
Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process.
No he just needs enough to throw a tax cut "bone" to the stupider members of the electorate just before the next election in order to buy 5 more years"
this.. |
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By *eavenNhellCouple
over a year ago
carrbrook stalybridge |
"the tory undervaluation of the royal mail shares has cost the taxpayer more in 3 days than benefit fraud will in 365 just a thought
That is a thought but not one many will have.
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of course they wont all they are interested in is there £300+ profit |
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I looked at applying and found it interesting that the minimum investment was set at £750 and only debit cards were acceptable. Nice obstacles to put in the way of the working man making money out of the share issue. |
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By (user no longer on site)
over a year ago
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It was obvious that the govt was going to sell cheap, every flotation this year has been "priced to go" so I stuck in an order (not to make a quick buck but to be a long term holder as the yield is excellent) and ended up with £750s worth which frankly isn't worth keeping so I'm probably going to sell and the shares. I've not doubt a lot of retail investors will feel the same and it would have made life much easier for everyone if the govt had said in the prospectus no one would get more than the minimum. A giant balls up all around, cost the tax payer £1.5bn, upset a whole bunch of traditional Tory voters (35,000 of them) who ended up with no shares at all. Not a good day for Dave and his mates! |
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By *icketysplits OP Woman
over a year ago
Way over Yonder, that's where I'm bound |
"It was obvious that the govt was going to sell cheap, every flotation this year has been "priced to go" so I stuck in an order (not to make a quick buck but to be a long term holder as the yield is excellent) and ended up with £750s worth which frankly isn't worth keeping so I'm probably going to sell and the shares. I've not doubt a lot of retail investors will feel the same and it would have made life much easier for everyone if the govt had said in the prospectus no one would get more than the minimum. A giant balls up all around, cost the tax payer £1.5bn, upset a whole bunch of traditional Tory voters (35,000 of them) who ended up with no shares at all. Not a good day for Dave and his mates!"
Hello stranger. Will it be remembered as a balls up in 2015 though? |
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By (user no longer on site)
over a year ago
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"It was obvious that the govt was going to sell cheap, every flotation this year has been "priced to go" so I stuck in an order (not to make a quick buck but to be a long term holder as the yield is excellent) and ended up with £750s worth which frankly isn't worth keeping so I'm probably going to sell and the shares. I've not doubt a lot of retail investors will feel the same and it would have made life much easier for everyone if the govt had said in the prospectus no one would get more than the minimum. A giant balls up all around, cost the tax payer £1.5bn, upset a whole bunch of traditional Tory voters (35,000 of them) who ended up with no shares at all. Not a good day for Dave and his mates!
Hello stranger. Will it be remembered as a balls up in 2015 though?"
All the trends suggest it should do well over the medium term. Still has a monopoly on letters and is dominant in parcels. Together with improved performance from cost savings and under pinned by a valuable property portfolio I would have it as a long term winner! I'm probably one of the few people who actually read the prospectus!!  |
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By (user no longer on site)
over a year ago
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"
Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process.
No he just needs enough to throw a tax cut "bone" to the stupider members of the electorate just before the next election in order to buy 5 more years"
Well said  |
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By (user no longer on site)
over a year ago
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The price of stamps will always go up.
Now its in private hands,its only a matter of time before "PRIVATE" users are priced out of sending letters.
Dave and his ilk will always sell the countries assets at MATES RATES. |
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By (user no longer on site)
over a year ago
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"Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process."
Government serves a 5 year term, they raised 1 billion today in exchange for paying back 20 billion over 20 years... Sale of the post office was the governments equivalent of taking a loan from Wonga, plan is to lose the election before anyone notices, then blame the other party for the debt. |
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By (user no longer on site)
over a year ago
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"Given how much has been invested (and essentially written off) to get to this flotation you'd think the Chancellor would want to see a good return on investment to maximise any profit from this process.
Government serves a 5 year term, they raised 1 billion today in exchange for paying back 20 billion over 20 years... Sale of the post office was the governments equivalent of taking a loan from Wonga, plan is to lose the election before anyone notices, then blame the other party for the debt."
Are you sure about those debt terms???  |
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hmmm just like to point out that its not the chancellors money, its ours. Which like the cunt of a tory he is he has made some big bucks for some of his friends.
politicians putting public money into private hands since............. |
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Didn't they already pull this shit 15 years ago and then backtracked as it failed?
They changed the name to something wank like Insignia or Consignia. Then after everyone laughed at them they changed it back to Royal mail and de-privatised it? |
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Start of the end of Royal Mail
all we get delivered is 100% shite advertising leaflets every week from virgin/ co op etc
Late deliverys now not in the morning like it used to be
Should stick to what they used to do best delivering mail not shite
And the woman in charge ran Canada's post office and her plan was to do away with deliveries and everyone pick there mail up from the sorting office which is now the case in Canada so I expect that soon over here
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By (user no longer on site)
over a year ago
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"Start of the end of Royal Mail
all we get delivered is 100% shite advertising leaflets every week from virgin/ co op etc
Late deliverys now not in the morning like it used to be
Should stick to what they used to do best delivering mail not shite
And the woman in charge ran Canada's post office and her plan was to do away with deliveries and everyone pick there mail up from the sorting office which is now the case in Canada so I expect that soon over here
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Can't happen under the universal delivery obligation which is enshrined in legislation.
This is more of what has been happening over the past few years which has turned the Royal Mail from a lumbering declining business losing £500m a year to a successful business today which has a wide share ownership and should boost all of our pensions.
Keep up the good work. |
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By (user no longer on site)
over a year ago
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As for the obligation enshrined in legislation an.obligation is not legally binding option.
Surely anyone with half a brain can forsee the day when those with shares want to increase profits further by cutting back on things and by reducing the obligation is one way of doing this.
Folk cannot really believe the government that sold off the last thing we had to sell off so cheap would actually do owt about it. They would not be able to renationalise it so the legislation is nothing more than sleight of hand to appease folk.
A shameful day in our history. |
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By (user no longer on site)
over a year ago
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"As for the obligation enshrined in legislation an.obligation is not legally binding option.
Surely anyone with half a brain can forsee the day when those with shares want to increase profits further by cutting back on things and by reducing the obligation is one way of doing this.
Folk cannot really believe the government that sold off the last thing we had to sell off so cheap would actually do owt about it. They would not be able to renationalise it so the legislation is nothing more than sleight of hand to appease folk.
A shameful day in our history. "
The Royal Mail Act 2011 sets out the minimum delivery requirements and can only be changed by Parliamentary ammendment to the law. Royal Mail was costing the tax payer billions, it is still 1/3 owned, will pay a bumper divident and no longer drains the public resources as it is now being properly run. Should the state continue to own assets like this? I don't think so. |
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and that's the end of my share dealing until another "bargain" comes along !! 
