Royal Mail Shares

[Jayser100]

I purchased some from the government website but I still haven't received a share certificate. the clock is ticking to get the best selling prices and I'm feeling miffed about it. Just wondered if any other members also purchased shares (I'm sure some of you did) and whether you have got your certificates yet?

 

[Fred_the_frog]

Nope haven't got mine yet either. I think I read we should have it by 21st of this month. However I don't think the share price will drop down much by then.

£750 was taken from my bank but the shares were worth £749.10, so should I get a 90p refund? I know it sounds so small but if there are say 400,000 who paid £750, that's £360,000 that they owe us small investors!

 

[Bazza500]

I got an email today with my share number and what refund I am getting. The email also said that if the refund due is less than the price of 1 share then it will be given to charity by the secretary of state. I think this means you can kiss bye bye to your 90p

 

[Fred_the_frog]

I got an email today with my share number and what refund I am getting. The email also said that if the refund due is less than the price of 1 share then it will be given to charity by the secretary of state. I think this means you can kiss bye bye to your 90p

Ah man. Probably because it costs more in bank charges than the value of the refund >.<

 

[sanjiv]

Should've used a stock broker... Easier, cheaper and you could've traded during conditional dealing.

 

[Bazza500]

I bought mine simply online on the government website (took less than a minute), It cost nothing, and they are higher now than they were during the conditional trading.


You've lost me.....

 

[sanjiv]

I bought mine simply online on the government website (took less than a minute), It cost nothing, and they are higher now than they were during the conditional trading.


You've lost me.....

I was referring to the ability to trade during conditional trading. That doesn't just include selling.

Buying through the stock broker cost me nothing and selling will cost me less than through the government website and I can buy/sell/set limit orders at the click of a button.

I also opened an account for a friend with the broker I use (took less than 59 seconds). Probably asked the same questions that the government website did.

Oh and I can do it all (apart from buy in conditional trading) through an ISA (tax-free...)

 

[Jayser100]

I suspect there are so many share certificates to issue, they are probably sending them out in batches. I did read somewhere that the government are doing very nicely, thank you out of the interest earned on the money they need to pay back! I applied for £1,000 of shares so they owe me £250. No doubt they will be happy to leave it in the account with the rest, gathering interest for a few more days at least.

 

[Bazza500]

Refund is back in my account today.

 

[leemason]

Didn't even realise that paper share certificates were used any more. I thought it was all done through Crest. Going through a broker would have been better if you wanted to trade the shares straight away. It would all have been done electronically then. I did mine though Hargreaves Lansdown and could have traded the shares as soon as public trading was allowed. However if the valuation of Royal Mail is high enough they could get into the FTSE 100. When this happens trackers will have to buy shares. This will push up the price to a higher level. So it could be worth waiting until after the next quarterly review on 11th December!

 

[sanjiv]

Didn't even realise that paper share certificates were used any more. I thought it was all done through Crest. Going through a broker would have been better if you wanted to trade the shares straight away. It would all have been done electronically then. I did mine though Hargreaves Lansdown and could have traded the shares as soon as public trading was allowed. However if the valuation of Royal Mail is high enough they could get into the FTSE 100. When this happens trackers will have to buy shares. This will push up the price to a higher level. So it could be worth waiting until after the next quarterly review on 11th December!

Did the same as you and holding on for now for the same reason!

 

[Bazza500]

A colleague of mine bought his through the govt. website and sold his on Tuesday for £4.74 . All he needed was his cert number which was emailed to him on Monday.

 

[Jayser100]

I got my refund yesterday but they still haven't sent me my certificate number. Think I will ring them tomorrow morning. Incidentally they didn't keep the odd 90p - it was included in the refund.

 

[Bazza500]

It was only if 90p was all you were due then you didn't get it. If your refund was for more then you got it all back. So only the people who asked for £750 of shares lost the 90p.

 

[Matt1959]

we paid £3k so presumably will only get £750. No sign of a share certificate nor a refund. Should have bought 4 lots in the name of us and the kids doh. isnt it the case that every Government sell off is too cheap and that every time it happens, its a no brainer to buy?!

 

[Bazza500]

You will get 227 shares and a refund of £2250.90.

.......And yes I wish I had applied in different names as well but hindsight is always too late.

 

[Jayser100]

I advised my two members of staff, both of whom profess to having savings, to buy some. They didn't and they are regretting it. Sometimes I think it's the fear of putting those hard earned savings into something, even when it looks like a surefire winner - people still get nervous. I suppose as entrepreneurs we're a naturally slightly more adventurous bunch. For me it was an absolute no-brainer.

 

[Jayser100]

Incidentally, to update you on the original point of this thread, as someone said earlier postal certificates will be out by the 21st (Monday). I ordered mine online and was expecting an electronic certificate but, apparently, there was an option to choose a postal certificate in the online form and I must have chosen that (senior moment, I can't actually remember!). Anyway, the price is trying to reach £5.00 per share today so waiting isn't working out too badly!

 

[Fred_the_frog]

Incidentally, to update you on the original point of this thread, as someone said earlier postal certificates will be out by the 21st (Monday). I ordered mine online and was expecting an electronic certificate but, apparently, there was an option to choose a postal certificate in the online form and I must have chosen that (senior moment, I can't actually remember!). Anyway, the price is trying to reach £5.00 per share today so waiting isn't working out too badly!

It's got to £5 now! It's about £392 profit (excluding any fees) at the moment!

Bet everyone who sold their shares before Tuesday for ~£270 are kicking themselves.