Royal Mail float

[gingerjedi]

I ordered less than £10k so will see how many I get tomorrow morning.

With my luck the price will fall through the floor. You'd want me to stay away from companies you have shares in...I buy share and price falls.

You will get £750, no doubt about it unless you had multiple applications.

[AtW]

They are following what happened in the 80s apparently.

"Those who don't know history are destined to repeat it"

[AtW]

You will get £749.10

No, he won't get £749.10

What he will get (and I quote): "will receive 227 shares at a cost of £749.10"

[gingerjedi]

"Those who don't know history are destined to repeat it"

I wager my 227 shares they I still make more money out of this than you.

[AtW]

I wager my 227 shares they I still make more money out of this than you.

And I'll match your wager with a A4 pack of white paper (500 sheets, 80g/m).

[gingerjedi]

And I'll match your wager with a A4 pack of white paper (500 sheets, 80g/m).

So you predict they're worthless... what about gold or oil?

[AtW]

So you predict they're worthless... what about gold or oil?

Diamonds are forever.

HTH

[SueEllen]

Diamonds are forever.

It's a fixed market.

[northernladuk]

Diamonds are forever.

HTH

That bugger will cost you a pretty penny to buy and your house, life and all your money over the long term. Only an investment to the person that is going to get it IMO

[Ticktock]

I think the limit was a pretty smart move. A bit socialist, a bit political, but smart.

They avoid accusations of helping the rich get richer, they were so oversubscribed that they don't have to worry about the demand not being there, they can trump handing the Mail over to "the people" (due to a large number of small investors) rather than the elite.

Those crying foul seem bitter that they can't pull further ahead of those who don't have thousands in disposable wealth. If you can afford to drop 10k plus on this then you are already comparatively very well off, now the government can talk about helping "the hard working man in the street".

This was a public sell off. In my mind there is some moral justification in making this a "social" sale rather than purely commercial. Yes, the price could have been higher, but if justifiable then I bet there would have been the same levels of demand if the minimum investment were left at £750.

Sucks to be Red Sauce though - didn't he cancel his £8k order at the last minute to raise it to over £10k?