Royal Mail float

[jamesbrown]

Have you sold your shares at a massive profit yet?

Stakes limited to £750, let's see - massive £300 profit, that's a life changing situation!

Ultimately, it was rather a disappointment but, with the info. to hand a few days ago, it was unquestionably a smart move to get involved.

[AtW]

It's £300 for 10 minutes (and I'm being generous) work.

I like to have my money actually earned.

When you sell your shares then let me know what the real sell price is (less costs).

[AtW]

with the info. to hand a few days ago, it was unquestionably a smart move to get involved.

No, it wasn't.

[GazCol]

I like to have my money actually earned.

When you sell your shares then let me know what the real sell price is (less costs).

Oh, so now rather than being a bad move financially, you don't agree with the morals of it. Lovely.

[AtW]

Oh, so now rather than being a bad move financially, you don't agree with the morals of it. Lovely.

Have you sold them yet?

It's not profit until you get the money.

I certainly don't agree how this thing was handled - if there was indeed such high demand then IPO price should have been set at higher level to make sure the seller (taxpayers) gets the most money for the asset.

[gingerjedi]

Oh, so now rather than being a bad move financially, you don't agree with the morals of it. Lovely.

He can't help himself, he always has to have the last say...

[AtW]

He can't help himself, he always has to have the last say...

That's not true...

[jamesbrown]

No, it wasn't.

Evidence to the contrary. It was undervalued at IPO and that's precisely why it was a good buy. There was always going to be some margin, as they want sufficient interest in the shares. However, the Gov't misjudged the level of interest and wrongly decided not to re-price beyond the 260-330p range after the level of interest became clear. You need to re-read this thread, as the logic for the strong opening was clearly identified at the beginning.

I sold at ~450p, as I believe it's fully valued at that level and not worth retaining for 227 shares. Yes, it's only 250 quid profit after costs (a disappointment), but it was a good call nevertheless. Incidentally, had I received the full allocation requested, I would've held onto them for the medium-term (at least until they entered the FTSE and possibly until the first dividend).

[PEEL]

Evidence to the contrary. It was undervalued at IPO and that's precisely why it was a good buy. There was always going to be some margin, as they want sufficient interest in the shares. However, the Gov't misjudged the level of interest and wrongly decided not to re-price beyond the 260-330p range after the level of interest became clear. You need to re-read this thread, as the logic for the strong opening was clearly identified at the beginning.

+1

Profits from taking carefully measured financial risks are earnings.

[AtW]

Yes, it's only 250 quid profit after costs (a disappointment)

Not a lot, I've spent double the amount on new front tyres for my car last month.