Royal Mail sell-off : Fri Oct 11, 2013 9:31 am  

Any thoughts on this? It looks to be well undersold, but Vince says this is froth The shares were sold at 330p and are trading at 450p Hindsight is a wonderful thing, but .........

Any thoughts on this? It looks to be well undersold, but Vince says this is froth The shares were sold at 330p and are trading at 450p Hindsight is a wonderful thing, but .........

Re: Royal Mail sell-off : Fri Oct 11, 2013 9:38 am  

The market knows best.

Re: Royal Mail sell-off : Fri Oct 11, 2013 9:49 am  

I cant wait to get home and find out how many I managed to get (applied for a grands worth)
Maybe then a quick sale, and out on the lash...
(on the other hand, maybe not)

Re: Royal Mail sell-off : Fri Oct 11, 2013 9:57 am  

tedglen wrote:

I cant wait to get home and find out how many I managed to get (applied for a grands worth)
Maybe then a quick sale, and out on the lash...
(on the other hand, maybe not)

You'll get £750 quid's worth at the start price at least that's how I read it.

Vince used to have all the answers about how to stop the city exploiting us all, even down to how much pension Fred Goodwin was entitled to. He seems much more pragmatic these days though!

Re: Royal Mail sell-off : Fri Oct 11, 2013 10:29 am  

tedglen wrote:

I cant wait to get home and find out how many I managed to get (applied for a grands worth)
Maybe then a quick sale, and out on the lash...
(on the other hand, maybe not)

you will have 227 shares bought at £750, and they are currently worth about £1000.

Re: Royal Mail sell-off : Fri Oct 11, 2013 10:30 am  

Keith wrote:

You'll get £750 quid's worth at the start price at least that's how I read it.

Vince used to have all the answers about how to stop the city exploiting us all, even down to how much pension Fred Goodwin was entitled to. He seems much more pragmatic these days though!

Yes but that was when he thought that he never had a cat in hells chance of ever having to prove any of the things he talked about.

Re: Royal Mail sell-off : Wed Nov 13, 2013 2:39 pm  

Today's Private Eye states that, by 30 October 2013, Goldman Sachs owned 21.5 million shares in Royal Mail. This can't be the same respected and trustworthy Goldman Sachs company(*) that HMG asked to handle the sell-off for them? Nah, can't be ... I mean, that would be a conflict of interest, wouldn't it? I must be mistaken. (*) Or the Goldman Sachs whose tax avoidance scheme was ruled out by HMRC as illegal but were let off £10m interest by the much-missed Dave Hartnett(**). http://www.theguardian.com/business/201 ... -avoidance (**) The Dave Hartnett who knew which side his bread was buttered and did "sweetheart" deals letting off Vodafone and Starbucks from the billions in tax that they should have paid. He left HMRC to join Deloitte ... but not to advise on tax avoidance, no sirree, absolutely not.

Today's Private Eye states that, by 30 October 2013, Goldman Sachs owned 21.5 million shares in Royal Mail. This can't be the same respected and trustworthy Goldman Sachs company(*) that HMG asked to handle the sell-off for them? Nah, can't be ... I mean, that would be a conflict of interest, wouldn't it? I must be mistaken. (*) Or the Goldman Sachs whose tax avoidance scheme was ruled out by HMRC as illegal but were let off £10m interest by the much-missed Dave Hartnett(**). http://www.theguardian.com/business/201 ... -avoidance (**) The Dave Hartnett who knew which side his bread was buttered and did "sweetheart" deals letting off Vodafone and Starbucks from the billions in tax that they should have paid. He left HMRC to join Deloitte ... but not to advise on tax avoidance, no sirree, absolutely not.

Re: Royal Mail sell-off : Wed Nov 13, 2013 3:56 pm  

Or the same Goldman Sachs that effed up the accounting for Greece's entry to the euro?

Re: Royal Mail sell-off : Thu Nov 14, 2013 8:58 am  

Apparently HMG can revoke 0.3% of the IPO value from Goldman Sachs' fees if the valuation is considered to have been not accurate enough.
I shan't be holding my breath, as that "discretionary" payment will also depend upon various subjective bits of bollox, such as the "success" of the IPO, and Vince Cable's puny grip on the situation.

Re: Royal Mail sell-off : Thu Nov 14, 2013 1:01 pm  

El Barbudo wrote:

Apparently HMG can revoke 0.3% of the IPO value from Goldman Sachs' fees if the valuation is considered to have been not accurate enough.
I shan't be holding my breath, as that "discretionary" payment will also depend upon various subjective bits of bollox, such as the "success" of the IPO, and Vince Cable's puny grip on the situation.

And whether, in 'real life', they actually give a toss.