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At 527p the FTSE 100 shares trade at a near 60 per cent premium to their 330p offer price. In the New Year Royal Mail effused as high as 617p, turning volatile briefly in a 560p to 605p range, then dropping from 560p to below 500p in April amid concerns the regulator Ofcom may get tougher on the firm with regards access rights for direct delivery.
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