Royal Mail float

[AtW]

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

Socialist is being political by definition, that can't be smart - also by definition.

The sale should have been handled 100% at-arms-length by entity that would maximise sale value - big asset is being sold on behalf of taxpayers, why should they be short changed?

By giving nothing to those who tried to buy more than £10k of shares Govt also pissed off people with the money who might not bid next time, so next sale might not be "oversubscribed".

Very short sighted, very very political and very very very socialist.

[BlueSharp]

Just had confirmation I have got a 227 shares in the RM. On the face of it it does appear to be a smart move by the government, will be interesting to see how the Institutional Investors over subscription is handled.

[AtW]

It's a fixed market.

And that's a bad thing for investors?

[lilelvis2000]

You will get £749.10

"Anyone who applied for amounts of between £750 and £10,000 will receive 227 shares at a cost of £749.10. Anyone who applied for over £10,000 will receive no shares."

Won't get much return on £750...I'd applied for over £5k worth. This is a serious bummer. But I suppose better than nothing.

Seems I'll just have to hold on and take what divis come along. sell up in a few years.

[AtW]

Won't get much return on £750...I'd applied for over £5k worth.

You dirty spekulant!!!

[Lumiere]

For those who bought via gov.uk website - "..applicants will be refunded any of their money not used to buy shares by 21 October"
nice one ..

[kal]

Took a punt on a 10k outlay as I had a feeling that that limit would come into play, a bit miffed at only £750 worth of shares but like people have said better than nothing, will hold onto em for a while which wouldn't have been the case if I was handing over the full 10K...

Oh and lesson learnt next time I am funding the missus, both sets of parents and my dead dog to invest in the 'minimum' :-)

[AtW]

Oh and lesson learnt next time I am funding the missus, both sets of parents and my dead dog to invest in the 'minimum' :-)

Don't be shy to ask the mistress as well

[mudskipper]

Started trading at 450 - 36% increase.

Tempted to pile in for a quick profit?

[mudskipper]

And the HL website has given up under the strain.