Just a quick question for you ? What if postman Porsche bought a lot of his portfolio ? Don't you have the same confidence as he has ,as he says they pay a good dividend and have made him a lot of money soon good luck to him ,is your position just holding free shares then or are you in the SAYE scheme ?
I'm hoping there'll be a concerted effort by management to encourage my fellow posties to keep their shares as I'm sure when the time comes when they can be sold our lovely MMs will drop the price like a stone. I encourage my workmates to keep them unless they desperately need the money. I also think Equiniti who hold the shares charge quite a bit to sell them. I'm a Manchester Postie and hold 13,000 shares.
Just to put you straight I have done my graft and excelled through it by doing well out of life good share portfolio and quality of life ,I'm afraid by calling someone who does not work now is not exactly correct because as stated above I've done mine and I don't sit in front of a computer all day ,I am probably younger than you so that says something about my hard work ethic .You sound very bitter and resentful about issues at RMG and shares so why not have a change of career and who knows you could be sat at home writing reviews and watching your money earn money Good Luck and keep it civil
Thanks for clarifying the "phantom share" issue. Clearly this was an unfortunate and misconceived plan and may in fact have been scuppered by the flotation, but it cannot be compared to owning a slice of the equity in a FTSE 100 company? The shares held in trust by the company cannot just disappear at the whim of management.
Grayling, it may well be that you Scots are a lot more 'careful' financially it might also be that the share money will go a lot further in Scotland than it will in London (2 months rent would probably wipe it out down south).
I'm not surprised you know nothing of the phantom share scheme as you like many other posters on this board gain your knowledge second hand and have opinions' based on only half the story!
So I will enlighten you and why the work force are not counting their chickens (or shares) before they are hatched. Several years ago there was an incentive scheme to encourage the work force. To make them more willing to accept changes to working practice that would be detrimental to their health/working life and low or zero pay rises. Workers were given a few phantom shares each year for three years. Each year they were told their value with the promise that at the end of the three year period they would be exchanged for a lump sum. Can't remember exactly the figures but each year they were between £1.50 and £1.80 each and would end up worth over £1000 dependent on their final valuation based on the value of the company. One week before we could cash them in RM deemed the value of the company as zero, the phantom shares worth nothing! Funnily enough one month later Moya Green was awarded a bonus based on the profitability of RM (they didn't even have the shame to try and hide this).
So Grayling perhaps you can understand now why many of us are more than a little sceptical when it come to these new shares. They have been issued to the workforce but are being held in 'trust' and will only officially become ours after each share allocation has been around for 3 years. Lot can happen in three years! ;)
Well strangely enough Arsenal the workforce are actually far more interested in getting a fair days work for a fair days pay. Obviously it's been a while since you had to do any hard graft so I guess you struggle to relate to this?!
By the time the workers actually get to cash in their shares (if nothing turns up to take them away in the meantime) it will work out something like £15 a week bonus on top of their wages over a five year period (at current share prices). Whoopee do an extra box and a half of cigarettes or 5 extra pints of beer a week. For this they are ending up with life changing injuries and health problems.
Money is only important to people that have nothing more important to worry about! For some of us health and a good work life balance comes first.
Why own them then? Just because they are not high priority for many posties doesn't mean they would turn away free money. Would you? You can sit at your computer all day long so I guess you can show more of an interest in shares. The rest of us have to work for a living.
Oh and before you say it I am off today because I had to use up my annual leave otherwise I'd be busy working while you sit at your desk counting your online shares!
Surely you can't expect any business to just take off and become a wonder price in 3 years it has increased 40% since IPO what are some people expecting ,Dividends as well obviously you are not in it for the long haul
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