By Chris Bailey of Financial Orbit | Friday 20 June 2014
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Despite the inevitable national torpor following events in Brazil yesterday it is time to pull yourself out of the depths of misery and think about shares. Well today one share in particular: the Royal Mail (RMG). Now you probably remember trading this one late last year (or early this year) and selling your IPO allocation somewhere either side of the 6 quid level if you were clever, lucky or both. Have you checked the share price recently? No longer a ‘6’ in front of it. Not even a ‘5’…but a ‘4’. The low 480s to be precise at the time of writing.
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