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Post Office shares - price and allocation announced

Well that was fairly predictable - priced at 3.30 and no one gets more than 750 of shares BBC News - Royal Mail shares priced ...

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    Should Get Out More Slowth's Avatar
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    Default Post Office shares - price and allocation announced

    Well that was fairly predictable - priced at 3.30 and no one gets more than 750 of shares

    BBC News - Royal Mail shares priced at 330p


    Wonder what they'll trade at initially - around 4 seems likely from what I've read.
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    Default Re: Post Office shares - price and allocation announced

    Depends. 4.04 I've heard mentioned if the stock market stays ok 2.50 to 2.70 if the US defaults and the stock market collapses.
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    Default Re: Post Office shares - price and allocation announced

    It'll be worth loads when they're charging 5 for a first class letter
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Slowth View Post
    Well that was fairly predictable - priced at 3.30 and no one gets more than 750 of shares
    What's wrong with that?
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    Default Re: Post Office shares - price and allocation announced

    I bid for more than 10k (from my pension fund) and I will be allocated the princely sum of 0. Nix.

    What an absolute fucking waste of time.

    In the meantime overseas sovereign wealth funds will cream off the profit.

    cuddly wuddly beary beary boos
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Jollyjack View Post
    What's wrong with that?
    I made no judgement of it. It was just easy to see it coming, which is why I only applied for a relatively small amount (wife's name too, naturally )

    As it happens I think it's probably the best way to proceed in the circumstances, and I prefer not to use the word "fair" as it's such a slippery little thing (and Gordon Brown used it a lot )
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Byker28i View Post
    Depends. 4.04 I've heard mentioned if the stock market stays ok 2.50 to 2.70 if the US defaults and the stock market collapses.

    If that happens then buy the market big time because it'll be back up as soon as they've stopped fucking around like petulant children
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    Default Re: Post Office shares - price and allocation announced

    Labour should be threatening to nationalise it ...with 0 recompense for share holders


    Somethings should not be in private hands and this is one of them
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Airtank View Post
    Labour should be threatening to nationalise it ...with 0 recompense for share holders


    Somethings should not be in private hands and this is one of them
    Why? there are alternative communication tools - internet (email), Skype, plenty of telcos. Wouldn't it be more ethical to say that clean water and gas/electic should be in public ownership as they seem to have no alternatives
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    Default Re: Post Office shares - price and allocation announced

    Trouble is it's hard to turn a profit though it should do OK because of everyone buying stuff from the internet and needing it delivered. But it's inefficient, has unions stopping change etc.
    It's no wonder it's not wanted but is worth something to try to pay off the debts Labour left the country in...
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Byker28i View Post
    Trouble is it's hard to turn a profit though it should do OK because of everyone buying stuff from the internet and needing it delivered. But it's inefficient, has unions stopping change etc.
    It's no wonder it's not wanted but is worth something to try to pay off the debts Labour left the country in...
    Not quite - it's a very viable business. The parcels business is very profitable and Royal mail isn't bad. The real drain on it was the Counters which has been handed back to the Govt as our dear old MPs refused to let it be quietly killed off. Everyone wants to keep them but no-one actually uses them. So how often do you use the counter (most of the money making stuff we do on line so they charge RM a fortune to sell stamps - wonder if now they're privatised they'll be willing to pay for it or whether we'll soon be posting our over the counter stuff at telco?)

    As for the unions - same unions as BT. They seem to cope okay. Once the Govt start having the vapours at the sniff of a strike the two parties will soon move into a grown up relationship without the brat as part of the trio
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Gem View Post
    The real drain on it was the Counters Everyone wants to keep them but no-one actually uses them.
    Not so.

    Down here most post office counters are in shops, and every time I use the shops there's a queue for the PO counter.
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Jollyjack View Post
    Not so.

    Down here most post office counters are in shops, and every time I use the shops there's a queue for the PO counter.
    Same here ....Mostly sending parcels to ebay customers
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    Default Re: Post Office shares - price and allocation announced

    Got my 227 shares. Irie they'll probably dip back to asking price after an hour or 2 so buy in then. Lots of people will be selling for a quick 20%.
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    Default Re: Post Office shares - price and allocation announced

    Quote Originally Posted by Jollyjack View Post
    Not so.

    Down here most post office counters are in shops, and every time I use the shops there's a queue for the PO counter.
    Got a big PO in the town centre here.It so busy you have to take a ticket and wait to be called! Try not to use themmyself as I no longer trust them after too may lost items. DPD all teh way here!
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