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 sure that will have any effect on the outcome. As explained in a TV documentary recently, Royal Mail are now profitable (just) and need to compete with UPS, Fedex, TNT and others in a competitive parcel/package market. Letter volume has dwindled dramatically so Royal Mail has had to adapt. I'm sorry for those that have lost their jobs, but it makes the jobs of those that are left far more secure, imo.

Graeme Wearden‏@graemewearden31m
MPs grill Vince Cable over Royal Mail's (much over-subscribed) flotation: 5 key points

http://www.theguardian.com/business/2013/oct/09/us-debt-deadlock-keeps-gnawing-at-markets-live#block-525574d3e4b072f7f7f2a97c

Posted on Twitter.....

harry - i wonder if privatisation will lessen the incidence of theft and mail being opened en route

Are you taking part cynic???????.

Im not touching it with a barge pole.

Come wed and no ceiling agreed theyl fall like a lead weight.

Mr C., to be fair to my local Royal Mail they have performed really well, on time & very friendly over the last ten years. I have not had any cause to complain and they are the last and only service to get a Xmas tip from me. In the old days, the dustmen, coal merchants, milkman etc all got Xmas tips from my parents. The postman is the last of the neighbourhood services which has a human touch. Shame to see them go, imo, but that's progress and I think even these guys see that change has to happen as they are all a bit embarrassed at having to deliver junk mail in place of real letters.

I give an xmas tip to my window cleaner.

I hope he declares it! :-)

Skinny doesnt need to its a gift. See present Income tax Laws.

BBC have said 330p will be the float price.

And they reckon it could hit 400p on first day.

Daily Spread bet may be a good way to play this.

IG quoting 3950 - 4150.

ehhhhhhhhhh tight so and sos.

plan down the swanny.

Just moved - 3975.0 - 4175.

Is their a lock in for Hedge funds Skinny any idea?.

No idea - I've applied for 2 lots, but as I feared, it looks likely to be heavily scaled back.

Yep feared that.

Just wondering if the Hedgies will take a very fast buck given the probs in the US.

Over 4 on the bid now.

Just appeared on twitter.......

Robert Peston ‏@Peston 1h
If you applied for > £10k Royal Mail shares, you get 0. But if you went for min £750, you get £750. See update

http://www.bbc.co.uk/news/business-24470086

GF - read to the bottom :-

"I was told earlier that the decision to go for the cut off at £10,000 plus had been taken.

I have now been informed that the decision will in fact be taken in the coming hours.

It may turn out that my report of zero shares for those applying for more than £10,000 worth will be right. Or it may not.

Which leaves me feeling a little bit foolish, but that's not so unusual."




And who the hell is Mrs Miggins!!

God knows.

Peston seems to have got himself in a pickle, but to be fair it does say hes updating all along.