Well if people can afford to ignore a significant financial asset, then that is their loss. I do not know what "phantom share scheme" you are referring to but the RMG employee holdings is certainly not one of those. My postie is certainly well up to date with things RMG and takes a keen interest in both the dividends and the SP. Maybe the Scots are just more moneywise!
Most of the work force couldn't care less about the share price. Many are still expecting to get shafted over them like the phantom share scheme that unsurpringly turned out to be worthless.
As for the union behaving I wouldn't worry. The workers pay thier official wage but the bosses own them. Am expecting little or no payrise this year as a reflection of this. Interestingly I did hear a rumour that we may be offered 5% if we agree to ditch sick pay. Can't see that being a goer really as postmen are dropping like flies with the big increase in workload (all those letters that apparently don't exist!) Many have long term health problems and not all of them are skivers!
Maybe, but Jefferies have had a down on RMG from the get go and yesterdays note was just a reiteration of the same position (and target price). Lets see how much trouble CWU members really want to cause given that most of them now own a stake in the company and will see the sharp end of any disruption in a loss of value. For most RMG employees this is the only share they will own and it will focus the mind somewhat. Single company share ownership is a really lousy investment position in my view, but these giveaways and employee share schemes tend to favour such positions and disasters can ensue, as was the case for bank employees back in 2008.
They have kept quiet for 3 years and now they raise there ugly heads .You will see now how much they want the business to succeed in there approach to senior management about pay etc ,let us all wait and see
March 31st. Analysts at Jefferies remain bearish on Royal Mail Group (LON:RMG), arguing that pay demands from the Communication Workers Union (CWU) mean that the future looks uncertain for the postal services group. The blue-chip company is set to start formal negotiations with the CWU after an existing pay deal expired last night and problems are anticipated in agreeing terms for reforms to the pension scheme. target price 400p.
No idea at all. In fact I was just thinking that the lack of activity here is a good reflection of the defensive qualities of this stock now that the volatility in the SP post float has calmed down. This board is as dead as those for NG. and PHNX so almost a file and forget share.
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