Member Info for beatrootjuice

Me too, I was just referencing the situation of taking your RI cash if you don't take them up i.e sell them. As I understand it if that money comes to more than £6k it may be taxable. Or I may have read it wrong.

masaimara, what was the record date you had to still hold ordinary shares in order to still get the option to buy the rights?

Don't forget to look up the rather complex rules regarding letting your Rights shares sell and receiving the cash, if you have a sizable holding which qualified for rights and it's outside of an ISA. Especially as next week the CGT allowance goes down to £6k.

Frankfurt stock exchange. Look up TUI rights ticker. Trading at around 5.40-5.60 .

Trading for 5.50e in germany this morning.

My take is this. IDS BOD wanted this outcome for two reasons. Either they want to offload RM letters to the Govt to run or they want the govt to say no way were taking that on, here's your abolishment of the USO run it profitably yourself. Don't really think they are fussed which option comes to fruition now.

If I could sell my RI shares for £7 a pop when I get them issued I'll be hitting sell . Anyone got any ideas if you can actually manually sell them and what price they will be trading at. Looked on fse and not trading yet although the ticker is there.

Anger. Maybe in your office but as you know all things are very much not equal with Royal Mail. Never have been.

Aspers, Halifax not showing any rights issue shares in my account yet. Just that I am s shed load of money down! Think they were slow to credit the RI shares last time too.

The overtime attitude probably stems from when you start at royal mail on a 25hr contract and are put on a full time duty and feel as you are on trial that you can't say no. You therefore get used to it and when it's taken away, naturally miss it. It's a standing joke that royal mail runs on overtime........ until recently with the overtime bans at some offices. Then, the inevitable happens and a good proportion of the mail doesn't get delivered.

Must admit I thought about that name change thing. Easier to erase royal mail from IDS than it would have been from Royal Mail Group. You reckon that the mkt cap without royal mail will be higher? What about paying out redundancy?

Think I'll just let my RI shares sell. I am not in the mood to sink any more new cash into this. My existing shares will just sit at a considerable loss in my account until a time in the distant future they may recover but not anticipating they will ever be in profit again after the mega dilution. They are going to be about 75% down.

No.

CWU don't want the USO to go. Thats the problem. The 25-30,000 job losses would mean a £5million loss in revenue for the CWU in subs. That's the crux of the matter i think.

so, 2.66 RI shares for every 1 share you have, at subscription price of 5.55Euro . 39% discount on TERP. So Terp will be around 9.15Euro. There's a lot to take in however we kind knew it was inevitable, they took a BIG bailout from Govt post covid. Should make the business stronger however they really had no choice ,it was just a matter of how much and when. Now we know. To put more money in, or sell the rights? That is the question.....again.!

Just take a look at our fleet of 'vehicles' and make you own minds up as to how successful this business is. They are all bar a few, on their last legs, a bit like the posties. Nothing gets repaired, if so it's bare minimum and sometimes bodged with bumpers held on with zip ties and mirrors with laggy bands. 90% of the driver's seats aren't fit for purpose with no padding and bare metal showing. I would not at all be shocked if royal mail called in the administrators.

I really wouldn't bank on an upcoming dividend of 1.1% lifting this SP when it's dropped 14% in a week!

Ah bed and isa, i'm with you. Agree PSN seems cheap for the divi and debt and the fact we are short of housing in the uk. Let's see if the budget offers up some good news to shift this upwards again . Good luck Steve.

Also Steve, are you saying that you have already used your £12k CGT allowance this yr? It only drops to £6k next yr. If not, sell BP this yr and some more (not going above the £6k profit) and fund your isa with the proceeds up to £20k.

Just one thing Steve, if your broker is same as mine, Halifax, selling in account your proceeds are available almost immediately to re invest but if you want to move that money to another account it'll take up to 3 days from settlement for it to be available.