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?

Have you got a link?

At £3.30 the 20p per share yield works out at 6.06% gross.

If the shares kick off at £4.00, then the yield is still 5% gross.

At £4.50, the yield drops to 4.44% gross and IMHO, this isn't too bad a yield to buy for.

However, if RM's sales drop by 9%, then they lose £200m in revenue, and the ability to be paying out the dividend would then get to look a bit dodgy.

My bet would be, that it opens at around £4.40, wobbles and then begins to drop back to £4.20 with profit-taking.

Well whatever you get, the stock will start trading (conditionally) tomorrow from opening auction . Epic code: RMG

Mike

Interesting 'Daily' chart at:

http://www.ig.com/uk/ig-shares/royal-mail-market-cap-mn

I'm so disgusted that I won't be voting Conservative now.

Royal Mail IPO: ALL retail applications from £750 to £10000 get exactly the same allocation - 227 shares (at 330p)

Members of my family have applied for £750 worth of shares..

instant 30% profit and down the pub for a couple of beers.

Stan.

Nothing wrong with the tories, they are always helping the poor.

Bought 4 lots at £750 for my daughters, when I heard the rumpus in the jungle, just made it before the bell.

==

Just before the stalker posts, even a god is allowed to change sides.

Kept that quiet Fred. Nice one if you can multiply by 5. That is if you had £750 aswel.

"Stan.

Nothing wrong with the tories, they are always helping the poor."

More like "helping themselves" to the poor -):

You got to be a rich tory stan being able to invest more than £10,000 in RMG.....

And who exactly said I invested that much in RMG. BB?

What a bugger I ask for £10001 worth never mind ill wait for the NHS sale.

What a mess. Sold it too cheap. Pissed off a lot of their core supporters by handing the bulk to the big boys. I got my £750 fortunately only applied for £10k in my ISA and would have gone more, if I had been outside that, and got nothing.

What could have been a vote winner has dented their claims of economic competence.

What confidence in their ability to get LLoyds and maybe RBS away next?

NONE.

Martini

"Could have been a vote winner" LOL !!!!!!

What an absolute joke - I'm less than impressed with my allocation from Hargreaves Lansdown.

97 & 129 shares in two accounts.

what a waste of time this was then - very disappointing - still its a government run debacle so par for the course I suppose - heyho

im watching the tape and I never seen that busy exchange.wow

Hopeless if you want to sell atm.