In for £7k though don’t expect to get near that. They cost £3.30 and will be around £4 on Friday according to the spread betting firms so it’s a standard Tory electoral bribe in my view but if you can’t beat em join em. If I get allocated all £7k and make £1.5k I’ll be over the moonPosted 4 years ago
. I’m with you mate as i’ma nearly ex postie getting medical retirement. makes me laugh how all these rushing to buy shares which could go horribly wrong very quickly, are probably the first to come on here whining on about how long it’s taken for their latest bike bit to come and that we’ve probably stolen it or lost it somehow….hope they all lose a packet.Posted 4 years ago
What many don’t realise is that RM’s profits look good because they have’nt given us the rise we should have had on April 1st and they’ve sold a lot of buildings plus not replacing staff that have left. Offices. Are now running on a shoestring helped by the lower volume of mail in the summer months, that’s changing now with Xmas approaching and they won’t cope much longer. Glad I’m getting out.Posted 4 years agowobbliscottMember
Not invested myself but would have if I had some spare cash around. Funnily enough Parcelforce have just lost some roof bars I returned to the vendor I bought them off. Was supposed to be Parcelforce 48, but its currently Parcelforce 72 and counting. I hope the insurance cover comes good or i’m £100 out of pocket, but either way its a real faff. To be fair its the first time they’ve failed me, but i’ve only used them a handful of times, but if they keep that up the shares might not come to much.
Also I’ve just used the Collect+ service with Wiggle recently. I bought some shorts, they were the wrong size, returned them and received another pair at the correct size. Got to say its brilliant. This is the sort of thing that we need for modern lifestyles rather than the card dropped through your letter box for you to go and collect your parcel at a time completely inconvenient to you. Hopefully the privatised RM will get with modern times and start thinking about providing a service that suits peoples modern lives. But not losing peoples parcels would be a good start.Posted 4 years agoninfanMember
Also I’ve just used the Collect+ service with Wiggle recently. I bought some shorts, they were the wrong size, returned them and received another pair at the correct size. Got to say its brilliant. This is the sort of thing that we need for modern lifestyles rather than the card dropped through your letter box for you to go and collect your parcel at a time completely inconvenient to you.
Yes, It does seem very peculiar that over the past few years they’ve forced us to go across town at increasingly restrictive times of day to collect from the sorting depot as a matter of course, when they have a (post office counters) presence on every high street…Posted 4 years agobigphilblackpoolMember
Itl all go pete tong imo lads at work scratting about to buy shares. Is there no “holding” term where you cant sell for a certain time? I owned shares in my old firm. Media hype floated went plc all that bullshit and we all lost a fortune!!! Firm crashed and went to kpmg and they were a mahoooosive firm.Posted 4 years ago
7x over subscribed. Looks like anyone bidding for more than £750 will be severely scaled back.
Funny how RM won’t let it’s employees sell for 3 yrs. I’ guessing they’ll be worthless like the last lot they gave us.
That’s pretty sensible, gives you a stake in your own success / failure…..Posted 4 years ago
Can anyone tell me why, given the somewhat questionable justifications for privatising it in the first place, that with it massively oversubscribed, why 70% of the shares are reserved for ‘institutional investors’?
Seems to me like the same old thing as every other privatisation. Hand over a monopoly to our mates to make a quick killing on, and do the bare minimum to maintain the ludicrous charade that the public will somehow benefit in the long termPosted 4 years ago
But if everyone is now only going to get £750 worth of shares, then all they can expect to make is enough to pay for a night in a B&B in the lakes
You don’t have to be comparing it to BAE Saudi Arms deal slush funds to think that, as bribes go, this is a really, really crap one! Mind you…. following on from the £3 a week marriage tax break…..
Meanwhile the usual suspects will make an absolute killing! How much have Goldman Sachs charged in fees?Posted 4 years agoernie_lynchMember
given the somewhat questionable justifications for privatising it in the first place
You mean like the fact that neither the Tories nor the LibDems have any mandate whatsoever to privatise the 500 year old institution, and that overwhelming majority of the public are opposed to it ?
The democratic wishes of the British people are clearly very low down the list of priorities for the Tories and LibDems.Posted 4 years agoacidchunksMember
Selling the royal mail is wrong, like selling council houses was. Having some principles, I’m out.
Chalk and cheese. The problem with the sale of council houses was that they didn’t use the funds raised to build new ones.
why 70% of the shares are reserved for ‘institutional investors’?
Because “we’re all in it together”? 🙄
The split will now be 67:33 according to Peston: http://www.bbc.co.uk/news/business-24471622Posted 4 years agogonefishinMember
Was that a good thing or a bad thing ??
Selling of state assets at well below their market value? I’m going to go with bad. Remember that before the “Right to Buy” tennants had the right to buy their council house, they just had to pay the market rate. When anyone says “I couldn’t have gotten on the housing ladder without this scheme” what they are actually saying is “I couldn’t have gotten on the housing ladder without a massive handout from the government”.Posted 4 years ago
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