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Save As You Earn scheme purchase of shares.

08 Sep 2017, 09:30

I suppose with the original SAYE scheme giving us the discounted price of £3.90 per share will fail big time now due to the share price being only £3.72 and falling.

Many postmen / Women will be glad of the little battle fund we have built up now to cash in for the oncoming industrial action.

Save As You Earn scheme purchase of shares.

08 Sep 2017, 10:09

Dammit i thought the option price was £3.60.Although that isn't going to make hardly any difference.

Save As You Earn scheme purchase of shares.

08 Sep 2017, 10:10

You can request to withdraw your money saved at any time.

The option price was £3.60 by the way. If the strike is resolved before December I think a return to £4.00-£4.20 a share is likely.

Remember you have 6 months from December in which to execute the option to buy shares as well, so could well improve in that time.

Save As You Earn scheme purchase of shares.

08 Sep 2017, 11:32

Could cash in December at £3.60 then buy shares which will probably cost less than £3.60 at the time. Keep the difference in lieu of strike days and then see a profit as the shares return to £4.20 a year from now. Also get many more shares than at £3.60 so more dividend in lieu of pension losses.

Save As You Earn scheme purchase of shares.

08 Sep 2017, 15:29

The £3.60 option price is fixed. So the price when you come to sell( assuming you buy) is the most important factor.

Assuming the current dispute is resolved to the markets satisfaction, I would expect the share price to rebound from its current lows.

Save As You Earn scheme purchase of shares.

08 Sep 2017, 16:30

I stand corrected... I have just checked and noticed it is £3.60 :oops:

Save As You Earn scheme purchase of shares.

08 Sep 2017, 17:46

The way the share price is going just now is rather concerning. Hopefully everything will be resolved and they will sky rocket! Thankfully, we do have those six months to decide though.

Save As You Earn scheme purchase of shares.

08 Sep 2017, 21:08

There was a great movie 'The Hudsucker Proxy', where the directors of Hudsucker Industries hatched a plan - after the CEO's suicide - to appoint an idiot as new CEO. They hoped to buy shares on the cheap and gain control of the company.
If Moya and co are trying the same, they should bear in mind the idiot invented the Hula Hoop toy, started a craze across the world, and the share price skyrocketed!!!

Save As You Earn scheme purchase of shares.

13 Sep 2017, 15:37

When does the SAYE become payable?

Save As You Earn scheme purchase of shares.

14 Sep 2017, 14:14

You can take your money out of your savings account at any time, but you can’t buy shares until December 2017.

All the details are here: https://www.myroyalmail.com/saye

Save As You Earn scheme purchase of shares.

14 Sep 2017, 14:45

Share price 3.72 at the moment.

Save As You Earn scheme purchase of shares.

15 Sep 2017, 17:15

RobertT wrote:You can take your money out of your savings account at any time, but you can’t buy shares until December 2017.

All the details are here: https://www.myroyalmail.com/saye

If it goes sub 360 I'll be taking mine out there's no point otherwise.

Save As You Earn scheme purchase of shares.

15 Sep 2017, 18:07

rambo1 wrote:
RobertT wrote:You can take your money out of your savings account at any time, but you can’t buy shares until December 2017.

All the details are here: https://www.myroyalmail.com/saye

If it goes sub 360 I'll be taking mine out there's no point otherwise.


Thats the last thing you should do . . . thats the time to buy more if anything!

Save As You Earn scheme purchase of shares.

15 Sep 2017, 19:17

I think it really depends on how long you intend on keeping your SAYE shares after you’ve bought them.

If the aim is to buy and then sell immediately or fairly soon afterwards, then a share price of near to or lower than £3.60 will mean making a loss. Don’t forget to factor in dealing costs aswell!

But if the aim is to buy and hold them for a while in the hope the price recovers, then it doesn’t really matter what the actual price is when you exercise your option to buy.

Plus, we will have 6 months to decide whether to buy or not, starting on 1st December.

Save As You Earn scheme purchase of shares.

16 Sep 2017, 18:22

RobertT wrote:Plus, we will have 6 months to decide whether to buy or not, starting on 1st December.


If you are correct, it would be good, because by the time we reach 1st June 2018, the pension issue WILL have been resolved, one way or another, because the current scheme IS closing, and there has to be something in place on April 1st to replace it. So the uncertainty weighing the share price down will have lifted.

In my opinion, if you truly believe the share price will be higher then than it is now, you really should convert your savings into shares on or around 1st December, not wait until late-May before deciding. Why? Well, the 'record date' to be eligible for the interim dividend (following the half-year results announcement) will follow within a week or so of 1st December, so if you convert to shares early, you'll get a dividend payment of 590 x 7.5p* [£44.25] that you won't get if you delay converting into shares.

Sell the shares you converted into in early July 2018, and you'll have been a shareholder on the 'record date' for eligibility / entitlement to the full-year dividend too, likely to be at least 15.7p*

That's a total of 23.2p in a little over 7 months on shares acquired for 360p

Show me where you can get a 6.44% tax-free return on the high street, and I'll happily withdraw my savings to park them there !

The share price would have to be below 342p for you to have 'lost out' compared to just taking your savings as cash, when you consider the 2 dividend payments, and a dealing cost of say £25.

*assumes maximum amount paid-in (£14.75/week) and only a modest increase from this financial year's dividend payments

Save As You Earn scheme purchase of shares.

16 Sep 2017, 19:09

wandle wrote:
RobertT wrote:Plus, we will have 6 months to decide whether to buy or not, starting on 1st December.


If you are correct, it would be good

Taken from the SAYE booklet:
When can I buy my shares?

You can buy your shares (exercise your option) within six months of the end of the savings term. The savings term will normally end on 1 December 2017, if you have not taken any payment holidays. Your opportunity to buy shares at the option price will automatically end if you do not choose to buy your shares within six months of your savings term ending. Equiniti will write to you with full details when your savings term is due to end.

Save As You Earn scheme purchase of shares.

16 Sep 2017, 20:14

I'll be buying asap. If they go below 360p I doubt I'll bother cashing in and then buying for the sake of a few £ but the sooner the 2 years to avoid tax is up the better.

Save As You Earn scheme purchase of shares.

17 Sep 2017, 12:45

Spedley, there is no 2-year wait to avoid tax on SAYE scheme shares. You can convert savings into shares and sell them the next morning

Save As You Earn scheme purchase of shares.

17 Sep 2017, 15:50

wandle wrote:
RobertT wrote:Plus, we will have 6 months to decide whether to buy or not, starting on 1st December.


If you are correct, it would be good, because by the time we reach 1st June 2018, the pension issue WILL have been resolved, one way or another, because the current scheme IS closing, and there has to be something in place on April 1st to replace it. So the uncertainty weighing the share price down will have lifted.

In my opinion, if you truly believe the share price will be higher then than it is now, you really should convert your savings into shares on or around 1st December, not wait until late-May before deciding. Why? Well, the 'record date' to be eligible for the interim dividend (following the half-year results announcement) will follow within a week or so of 1st December, so if you convert to shares early, you'll get a dividend payment of 590 x 7.5p* [£44.25] that you won't get if you delay converting into shares.

Sell the shares you converted into in early July 2018, and you'll have been a shareholder on the 'record date' for eligibility / entitlement to the full-year dividend too, likely to be at least 15.7p*

That's a total of 23.2p in a little over 7 months on shares acquired for 360p

Show me where you can get a 6.44% tax-free return on the high street, and I'll happily withdraw my savings to park them there !

The share price would have to be below 342p for you to have 'lost out' compared to just taking your savings as cash, when you consider the 2 dividend payments, and a dealing cost of say £25.

*assumes maximum amount paid-in (£14.75/week) and only a modest increase from this financial year's dividend payments




You've made some good points here regarding dividends. I bought RM shares privately when they floated. I also took advantage of the EPO, buying at a discount. I will purchase more shares and intend to have the share certificate posted to me. I'll then transfer the shares into my share account. The future dividends will build up more quickly, therefore buying more shares. I'm intend to use this as an enhancement to my lump sum from the RM NRA60 pension when I retire in just under 10 years.

Save As You Earn scheme purchase of shares.

18 Sep 2017, 21:13

good boy :nana :nana :wave :wave

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