I am interested to hear any opinions about the proposed Royal Mail floatation. Will it remain a croc and sink or will it open at a premium and fly?

not at all but it is necessary to take the "reptiles" on occasionally.

Getting back to the share price. What a good end to the week. I expected to see a drop from £5 but it powered through with the Big Boys seemingly intent on mopping up the PI sells.

I suppose a probable entrance into the FT100 is driving the trackers to buy early also the property portfolio and some time down the road a possible bid by the likes of DT must also be in play.

The strike? Who cares if my junk post, final demands and speeding tickets arrive a little later!

Hal.

Let them float away on the breeze.

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Martini,

I have a gut feeling that the price will drop over next few months.

May revisit when all the shouting has settled.

Also, have bet that market will drop on Monday.

But it was a nice little earner.

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But the government miss-priced it IPO.

It was a Balls up.

fred screeching from the roof top as usual, but there have been a couple of interesting articles in the last few days re this pricing issue ..... fred should go away and read them before being so predictably, and not necessarily accurately judgmental

fred - as you are so often keen on saying, DYOR!

Manuel,

I can see that you are blinded by allegiance to your conning leaders. (Or, maybe, something else.)

The tories are incompetent and yet they tell you they are the party for business.

I wonder what was sold to the Chinese.

Bye the way have a look at below and DYOH about their Chinese management techniques in these areas.







Mind the sums are small compared with the their probable cost of colonisation of London especially and in England.

Far from a balls up as you say Fred . If the shares were £10 you would have blamed DC or someone in the government. DC tried to increase the offer price but the institutions objected and would not have it.

Nightmare.

No, wouldn't have bought them.

And I don't think it should have been sold.

Bugger the city, you may enjoy it.

The coalition is trying to bluster itself out of its mistakes with a blister defence.

I fed up with "denationalised" and "private industry" being cap in hand and bleating to the government to be bailed out when the have scraped the barrel and paying themselves exorbitant "management fees" and failing at what they are said to be good at.

There is a large group off people paying for the incompetence of this government and a small group profiting by their policies.

Also, fed up with this government providing larger and larger troughs to its friends and bleating on about inherited woes.

To have a bloody minded cantankerous minister cost a the country £500000, when anybody in their right mind would have realised he had overstepped the mark and apologise, with the probability that both sides would have laughed and the incident forgotten, shows the arrogance of the present administration and its dissociation with the public.

Well it could not carry on in the state it was in. Where was the injected investment badly needed going to come from ? China lol .It will be will have to stand on its own two feet now and investors will invest if the management turn it around.

Nightmares,

Bullshit.


Firstly, I think the company was and had turned itself around and was/is profitable

Secondly, if the UK can afford and unnecessary aircraft carrier, I am sure that the state it could if wished sort out require upgrading of plant and systems of the Mail to make it an efficient system.

What it needed was better management and probably a more pragmatic work force.

One of the steps to doing that may have been Shareholding by employees with built in selling period restrictions and a consistent approach by management and work force.

Royal Mail's £10bn pension deficit ? lol

Ps.

It seems to many that Georgie boy and cohorts are doing, is flogging off more of the silver to cover up the increasing UK debt and at the same time is pilfering some of the proceeds for mate in the city.

I can see the same approach is going to happen within the Health Service with of course the beneficial effect of Lansley's costly reorganisation and the effect of The Hunt's magical touch.

On the pension deficit - can you argue with this? Tax payers will pick up the pension deficit.

Chuka Umunna, Labour’s Shadow Business Secretary, said it amounted to “nationalising its debts and privatising its profits”.

The past has been far from rosy as I said.

Reported Post Office/Royal Mail Group net profits/losses, 1981-2010

The plunge into losses for 1999-2000 was the result of a £571m write-off on the compromised automation project ('Horizon') for Post Office Counters. The further decline in 2001-2 took account of exceptional losses of £1.1bn at the start of the Three Year Renewal Plan launched in 2002. Private-sector competitors were given legal access to the whole of the UK postal market at the start of 2006.
Reported Post Office net profits losses 1981-2010 (PDF, 55KB)

so tell us fred, why don't you emigrate to somewhere more in line with your socialist ideals? ..... i think even you would fing north korea a bit too tough a regime, but perhaps france with its 75% top rate tax regime would suit

Cynic,

Are you on the bottle, or something stronger?

I don't like living in a thiefdom, whether it is said to be whether is run by those with a “said” allegiance to a "communist" , "fascist", "national front", of the "modern day conservative" party.

Often, as appears to me now, the hierarchy of these parties has an allegiance only to their own selves and those who own them.

This country seems to many to be degenerating under the "present regime" run by Cameron and Osborne, who I would label con artists and appear to be deceiving many of their own followers.

It is leaning the tory farther and farther to the right and it doctrine is becoming more and more divorced from the public, which it is supposed to represent.

You may be to be deluded enough and self centred enough to believe in their policies, that is your right.

By the way, you often chunter on about having the right to and using it to vote for whatever bunch suits, or support your whimsical life, but part of Democracy is not only having the right to vote for the leadership and policy appeals to you, but also the right to criticise and object to the policies and action of a Democratic government.

In some ways, the latter rights are more important than the former.

Now go back to bed and try the other side, if you can get out of it again.

If you are successful in doing this, engage your residual grey matter and think.


But have a nice day!

Bye the way, in case you have missed.

Is one of these you?

Or is it a case of being a wannabe?

Fred bring back Tony Blair all is forgiven?

Or, bring back Gordon Brown who was surely one of our worst Prime Ministers - ever. Horrible guy - at least Blair had an element of charm about him.

More to the point here is that Vince Cable is getting it in the neck now for ignoring some advice he was given about this float.

I didn't know he was dead.

Horrah!

I think he should be digging graves in Iraq.

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Gordon Brown, was everybody pet, (other than Blair's) until 2008, and was pleaded with by the now con artists and the city to relax controls on the financial service and city and not to tighten up on the "city".

For many in the 97-2008 they were living the life of Riley, with the cash cows of glorified money lenders.

By the way he may have "allowed" the collapse, but who orchestrated it?

Another thing I would like to see the mess this present mob leaves when it departs and what the debt, deficit and GDP will be.

Interesting to see, but I wouldn't employ the "accountants" they are using at the moment to do the books.

====

I must admit surprised by VC's decision, if it was his to take?

Sloppy!

no fred, but i most certainly get very bored indeed with your incessant whinging and whining and griping and grizzling .... that is why i am sure you'ld be much happier living in a staunch socialist country, and then you won't have to put up with the plethora of things that you find so dreadful in this country .... you won't even have to get your snout dirty truffling around for profits for privatisation issues either