Royal Mail float

[RedSauce]

When will we find out if our applications were successful?

[mudskipper]

When will we find out if our applications were successful?

11th I believe.

Edit: Explains it here http://www.hl.co.uk/royal-mail/share-offer

[RedSauce]

7 times oversubscribed

[mudskipper]

7 times oversubscribed

Hmmm, does that mean we can expect a seventh of what we applied for? Hardly worth bothering.

[SimonMac]

That's nothing, the city has over subscribed its allocation 10 times!

[amcdonald]

Investors who applied for more than £10,000 worth of shares will get none

[RedSauce]

Investors who applied for more than £10,000 worth of shares will get none

I applied for exactly £10,000, wonder if i get any. Would this only apply to people who applied directly?

[DimPrawn]

Who knows, you might be glad you didn't get any shares.

Bloody dirty spekulants!

[Jefferson]

So if you have bought through a broker such as HL then you should find out tomorrow morning how many shares you have received. Conditional trading starts at 8am and you can trade during that period until unconditional starts on Tuesday. What do people think will happen to the share price during the conditional trading period?

[gingerjedi]

Investors who applied for more than £10,000 worth of shares will get none

That's just one of many conflicting stories I've heard this morning, another source put it more like £40-50k.

On R4 this morning one city broker reportedly said they think its undervalued by as much as 80%!!