Royal Mail

Royal Mail: The increasingly controversial privatisation of Royal Mail has no doubt played a role in encouraging people to join the stampede. Having been floated at 330p, its shares hit a high of 615p within a matter of weeks and are still trading above 550p leading to a political storm. From the investors point of view, however, and even with applicants getting only minimum allocations of shares, thats free money and whats not to like about that?, according to The Independent. Despite high investor demand, the bears have been savaging the float all week. The Daily Telegraph, whose readers have a similar demographic to Sagas customers, has been a notable sceptic. But its hardly alone. And spread better IGs grey market highly appropriate, this moniker indicates that if the shares are priced near the top of the range at 245p, there wont be much in the way of early profits for investors who buy in and Web-savvy over 50s, who use the company for everything from motor insurance to cruises to carers, still have until lunchtime today to sign up for the shares. But should they? Unfortunately, the private equity firms that own Saga arent likely to repeat the sort of mistake made by the Government. This sell-off will not be Royal Mail redux, nor anything like it. (news.financializer.com). As reported in the news.