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?

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.

Is that Miggins or Muggins?

Currently 4075.0 - 4275.0

Looks like I might get 2 lots of £753 - 228 shares.

How many Royal Mail shares could you get?

IG‏@IGcom2m
Guess the #RoyalMail IPO price at 9am tomorrow. Closest wins an IG tshirt! Use #IGRoyalMail. Entries in by 7.45am

https://twitter.com/IGcom/status/388325878670712832/photo/1

Beat you skinny!

Based on the government upping the retail selling from 30% to 33%, I think I'm getting two lots of 250 shares costing £825.

;-)

Not fair... I didn't get any.

what a pathetic waste of time!

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.