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Royal Mail Stock

 
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Author Previous TopicReplies: 4 / Views: 1,507Next Topic  
Valued Member

United States
440 Posts
Posted 10/11/2013   12:21 pm  Show Profile Bookmark this topic Add vacuum man to your friends list Get a Link to this Message
Now that the Royal Mail is a publicly traded company anybody know what the stock certificate looks like?
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Pillar Of The Community
Germany
1714 Posts
Posted 10/11/2013   1:45 pm  Show Profile Bookmark this reply Add scotzm to your friends list  Get a Link to this Reply
Probably no one knows yet as the trading just now is done only between the BIG buyers and the official "everyone can buy and sell" happens next week. Then ordinary people wanting hard copy certificates will have to buy them for an additional fee (1.5 per cent of the value of share certificates).
Already there are rumblings that Royal Mail was sold off far too cheaply. Another rumbling involves the new Royal Mail wanting to "adjust" the universal service obligation which was meant to be written in stone.
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Edited by scotzm - 10/11/2013 1:48 pm
Pillar Of The Community
United Kingdom
1356 Posts
Posted 10/11/2013   2:22 pm  Show Profile Bookmark this reply Add stampgal to your friends list  Get a Link to this Reply
Of course the unoversal service obligation will go, the only question is how soon?
When the "original" Royal Mail was split into Post Office Ltd, Royal Mail and ParcelForce, we in the Highlands found ourselves faced with higher ParcelForce shipping costs. It won't be long now before Royal Mail follows suit. Who knows where it will end?
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Pillar Of The Community
United States
862 Posts
Posted 10/13/2013   11:26 am  Show Profile Bookmark this reply Add raywrio to your friends list  Get a Link to this Reply
So, in the UK mail is a private venture not a public one?
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Pillar Of The Community
Germany
1714 Posts
Posted 01/06/2014   10:37 am  Show Profile Bookmark this reply Add scotzm to your friends list  Get a Link to this Reply
Mostly private. The UK government retained some stock....possibly for a future sell-off at rock-bottom price to the banks. The two banks which advised the government on the sell-off price got around 16 million pounds for their advice. These banks later picked up a large proportion of the stock at rock-bottom price for their clients. No conflict of interest there then.
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