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Probably obvious but will the RM share offer be open to children?

(8 Posts)
charleybarley Thu 12-Sep-13 12:00:37

Message withdrawn at poster's request.

charleybarley Thu 12-Sep-13 13:16:19

Message withdrawn at poster's request.

girlieg Fri 13-Sep-13 18:40:36

You can normally get free advice about this stuff from your bank/bank manager. Might be worth booking a meeting for professional advice.

amicissimma Mon 16-Sep-13 17:59:32

If you can find a bank person who can tell you anything about JISAs I would love to know about him/her!

evilkitten Tue 17-Sep-13 09:13:36

It's a question for your JISA provider. I suspect that unless they're a full-on stockbroker, the answer will be no though - it's likely to involve more effort for them than just buying shares on the open market.

The other question is why you'd want to buy the RM shares. Shares in an IPO are priced for the seller, not the buyer, and you don't have the natural balance shown on the open market. Expect a rapid change (positive or negative) immediately after launch as everything adjusts to what the market thinks Royal Mail is worth.

Personally, I'm not buying. I don't know much about postal logistics, I don't see any long term advantage the RM has over other post providers (although their unionised stance and unwillingness to adapt could well be a disadvantage), and it doesn't fit in well with the rest of my portfolio.

charleybarley Wed 18-Sep-13 14:41:18

Message withdrawn at poster's request.

evilkitten Fri 20-Sep-13 18:37:39

For public sales, generally they are. It would be an embarrassment to the government if people lost money immediately, and would be seen as a failure (despite the taxpayer benefitting). For a private sale, no. Last and Facebook spring to mind as a couple of high profile ones that have tanked.

evilkitten Fri 20-Sep-13 18:40:01

Oh, and yes, there are age limits. Shares can't be directly held by a minor, but this is easily worked around by either using a designated account or a bare trust.

HL will be able to arrange either for you.

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