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Royal Mail to be privatised "within weeks"


CliveH

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12 Sep 2013 | 07:49

 

Nick Paler - Investment Week

 

Categories: Equities Topics: Equities

 

The Royal Mail is to be privatised within weeks, giving every person in the country a chance to take a

stake in the business.

 

The government has given formal notice to the stock exchange that it plans to privatise the Royal Mail "in the coming weeks", although no definite timescale has been given, reports say.

 

It has not decided exactly how much of the service it will sell, but has said it will be the majority.

While employees will be given 10% of the shares, the rest are being offered to institutional investors and members of the public, with the minimum amount members of the public can apply for set at £750.

 

The government has said it will decide how much of the Royal Mail to sell depending on market conditions and how much demand there is for the shares.

 

The Post Office, which was separated from Royal Mail in 2012, is not for sale.

 

...................................

 

Could be a "nice little earner".

 

 

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Be careful what you wish for...didn't folk think the same when the "utilities" got flogged off and shares were "given" out...?

 

..from a ordinary "customer" point of view I don't like this privatisation lark..

 

In terms of the post...In our experience of "private" companies delivering to us, most of the packages we get are just dumped on the door step(in full view of passers by,so readily nicked!)..at least the RM would leave a card to rearrange the delivery(or giving the option of picking up from sorting office)and even some of the tracked/secure mail that we have delivered(Tickets etc) have been a farce!..with on many occasions the tracking systems showing "failed" deliveries, when actually we'd stayed in especially to receive them..

 

The one major problem is, that once "privatised", they usually just cut their costs by employing owner drivers...and all they want to do is get their stuff off-loaded, so they'll get paid..who can blame 'em.

 

We waited in for the OH's new Windows phone to be delivered by a "private" company earlier in the week...only to find that it had been sat out in the rain all day, on a door step several houses away,up the lane?... 8o|

 

As I said..We should be carful what we wish for...

 

 

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Guest pelmetman

Living out in the sticks as we do, I suspect our service will get worse than it is now *-)..............with no deliveries for days on end............then all of a sudden loads :-|

 

For example a letter posted 2nd class last Friday from 20 mins up the road...........arrived yesterday 8-)

 

Don't get me started on couriers and their so called state of the art tracking systems >:-( ................

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What on earth are you all moaning at!!!

 

Look at how successful privatising the railways has been! B-) (Sarc is on)

 

And of course privatising water so that the monopoly still exists but huge profits are made was an enormous success for those in charge of the new companies.

 

And of course utility companies look after us so well! 8-)

 

 

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Guest Peter James
CliveH - 2013-09-12 8:31 AM

The Royal Mail is to be privatised within weeks, giving every person in the country a chance to take a

stake in the business.

He has got that the wrong way round surely?

Every person in the country already has a stake in the business because its publicly owned.

By selling it off only those who can afford to buy shares can have a stake in the business.

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Peter James - 2013-09-12 9:38 PM

 

CliveH - 2013-09-12 8:31 AM

The Royal Mail is to be privatised within weeks, giving every person in the country a chance to take a

stake in the business.

He has got that the wrong way round surely?

Every person in the country already has a stake in the business because its publicly owned.

By selling it off only those who can afford to buy shares can have a stake in the business.

 

No, he has not. If a Company is publicly owned then the public have no say in how it is run, that is done by a quango of Government hangers on. Plus you never get to sell or buy a stake. You never get a share of any profit made, but you will pay any losses. If any profit is made, then it is removed for general tax funds. Basically that means you pay all the costs and get nothing back. If it goes belly up then you usually pay all the costs through taxes. Some will argue you are getting a service, but the actual costs of that service are never made clear, so you do not actually know what you are paying for.

 

If you own shares in a private Company then you do have a say, even if it is a small one, and you get the chance to stand up at the AGM and tell them what you think. Plus you can sell the shares if you think fit. That may either make you a profit, or a loss. If it pays a dividend then you get some annual income. If it goes belly up you lose your stake but if it is important enough you will end up paying the costs through taxes as above.

 

Of course both systems have extremes and can suffer from corruption, but personally I prefer to use my money on things where I have a say rather than giving it (or having it taken) by someone whom invariably has no idea of hat they are doing, except filling in their own expenses claims.

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