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Colleague shares worth anything?

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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Manjit
Posts: 1
Joined: 20 Dec 2024, 13:26
Gender: Male

Colleague shares worth anything?

Post by Manjit »

I’m a registered holder of:

408 CollegueShares issue1 2007
303 ColleagueShares issue2 2008
711 ColleagueShares Total holding.

Are these worth anything?
Valentina@1
Posts: 830
Joined: 13 Apr 2023, 16:48
Gender: Male

Re: Colleague shares worth anything?

Post by Valentina@1 »

I believe people who left business around that time got a payment,but now they’re worth nothing
RobertT
EX ROYAL MAIL
Posts: 6642
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: Colleague shares worth anything?

Post by RobertT »

Colleague Shares was just a glorified bonus scheme that failed to pay out what was promised to most people.
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NWpostie
Posts: 3596
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: Colleague shares worth anything?

Post by NWpostie »

I still have the certificate which might be a collectors item in the future along to with all my long service awards and various postal parpanalia accumulated over the years including the short lived Consignia items.
Six of Nine loves Seven of Nine, together in Electric Dreams.
pinstripe
Posts: 2464
Joined: 25 May 2007, 16:42
Gender: Male
Location: 2 left turns from reality

Re: Colleague shares worth anything?

Post by pinstripe »

Manjit wrote:
20 Dec 2024, 13:58
I’m a registered holder of:

408 CollegueShares issue1 2007
303 ColleagueShares issue2 2008
711 ColleagueShares Total holding.

Are these worth anything?
Isn’t that the reason we get an extra £100 (pro rata) paid at Christmas?

Shortly before we were due to be paid the Colleague Shares, RM announced they were worth nothing, and as they hadn’t been endorsed by the CWU, there was nothing they could do. They did however, ‘win’ the extra £100 included with the Christmas bonus.

Then again, I may have dreamt that, I am getting on a bit
sweepster70
Posts: 487
Joined: 24 Jul 2017, 23:16
Gender: Male

Re: Colleague shares worth anything?

Post by sweepster70 »

It wasn't a dream. You are correct.
world class male
Posts: 899
Joined: 03 Jul 2013, 15:29
Gender: Male

Re: Colleague shares worth anything?

Post by world class male »

a few at ours left just before they were deemed worthless and got a few thousand quid for them