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368 staff chose not to accept free shares

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
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clashcityrocker
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Location: strummerville

Re: 368 staff chose not to accept free shares

Post by clashcityrocker »

4everblue wrote:just a question,i'm not great at maths but if only 368 turned down the shares how many of the union reps(and the people on here for that matter) who now want you to back them have turned what everybody is describing as a con,bung,bribe etc etc.I accepted them and am not afraid to say so.Yes I understand the principle behind peoples objections but at least all including the union reps should at least be truthful about it
I don't think anyone has encouraged others to refuse to accept them.
Certainly the union's position was it should be a matter of personal choice.
There was no CWU backed boycott campaign, just 360 odd individual Quixotic gestures.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
fishtank
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Re: 368 staff chose not to accept free shares

Post by fishtank »

4everblue wrote:Yes I understand the principle behind peoples objections but at least all including the union reps should at least be truthful about it
I have only seen one definite and a couple of possible opt outs on the forum so I can't see anyone being dishonest about it.
4everblue wrote:how many of the union reps(and the people on here for that matter) who now want you to back them
The union isn't asking you to back them,the union is asking you to back you.
The secure terms and conditions are for you,the pay rise is for you,the pension is yours etc,etc..
good times, bad times you know I've had my share
barbario
MAIL CENTRES/PROCESSING
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Joined: 31 Jul 2007, 11:28

Re: 368 staff chose not to accept free shares

Post by barbario »

As i said on another thread.If our national Union had instructed all of us to return our free share's,i bet most of us would have done .
wandle
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Re: 368 staff chose not to accept free shares

Post by wandle »

barbario wrote:As i said on another thread.If our national Union had instructed all of us to return our free share's,i bet most of us would have done .
I think you are living in cloud cuckoo land.
Nobody wanted privatisation. But most people are realistic enough to see it was going to happen, and see the free shares as the price the ConDems had to pay to force it through.
aposter
EX ROYAL MAIL
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Re: 368 staff chose not to accept free shares

Post by aposter »

For the want of getting flamed, the shares are a no brainer, wish I had had more spare wonga atm and I would have bought my full £10k allocation, Who in their right mind would turn down a probable instant £4k?? A posty taking is full EPO is just denying the city boys a bit of profit and as no bearing on the privatisation, might as well get a few scraps out of the inevitable dissaster.

Having said that, I would not have and still wouldn't have voted to be privatised, and think the union where stupid not to bring a strike vote in a time frame that could have had some effect upon the decision.
clashcityrocker
Posts: 16482
Joined: 22 Sep 2009, 13:50
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Location: strummerville

Re: 368 staff chose not to accept free shares

Post by clashcityrocker »

aposter wrote:For the want of getting flamed, the shares are a no brainer, wish I had had more spare wonga atm and I would have bought my full £10k allocation, Who in their right mind would turn down a probable instant £4k?? A posty taking is full EPO is just denying the city boys a bit of profit and as no bearing on the privatisation, might as well get a few scraps out of the inevitable disaster.
This post doesn't make sense.
On the one hand you talk about denying the city boys anything yet on the other you talk about an instant 4k.
Who do you think is going to buy them? You won't have denied the city boys anything.
And since the title of the thread is about the 368 who refused their free allocation, there isn't an instant anything to be had from them.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
aposter
EX ROYAL MAIL
Posts: 205
Joined: 23 Feb 2013, 16:21
Gender: Male

Re: 368 staff chose not to accept free shares

Post by aposter »

clashcityrocker wrote: This post doesn't make sense.
On the one hand you talk about denying the city boys anything yet on the other you talk about an instant 4k.
Who do you think is going to buy them? You won't have denied the city boys anything.
Denied them buying the shares at £3.30, they are more than welcome to buy them off me at £4.00++ that's 70p per share profit denied.
windermeredave
EX ROYAL MAIL
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Re: 368 staff chose not to accept free shares

Post by windermeredave »

so when do we get them?
k979aaa
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Re: 368 staff chose not to accept free shares

Post by k979aaa »

windermeredave wrote:so when do we get them?
Three years + tax deduction
Five years and you don't pay any tax do you think you still be working in royal mail by then.
windermeredave
EX ROYAL MAIL
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Joined: 08 Mar 2010, 13:37
Gender: Male

Re: 368 staff chose not to accept free shares

Post by windermeredave »

k979aaa wrote:
windermeredave wrote:so when do we get them?
Three years + tax deduction
Five years and you don't pay any tax do you think you still be working in royal mail by then.
doubt it I retire in 3 years. I mean when do we actually get the shares?
k979aaa
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Joined: 03 Sep 2007, 19:14
Gender: Male
Location: THE NORTH

Re: 368 staff chose not to accept free shares

Post by k979aaa »

windermeredave wrote:
k979aaa wrote:
windermeredave wrote:so when do we get them?
Three years + tax deduction
Five years and you don't pay any tax do you think you still be working in royal mail by then.
doubt it I retire in 3 years. I mean when do we actually get the shares?
The shares go into a Share incentive Plan (SIP) You cannot touch them till 3 years unless you retire or are made redundant, transferred, IHR , If get sacked or leave you lose them just don't get sacked or leave you have more chance of getting them than me then.