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Make that 4 of us….I bought more last Thu..
Well, Gentlemen that's three of us buying since yesterday. Probably caused the rise :-)))
My buy was just loose change as there are currently reasons to be ultra cautious.
Let's hope for future profit.
Hope so I used a good chunk of my isa today
thank you red, its nice to be welcomed, ive only just come back to LSE after a long break. I called the bottom wrong today and made a limit order buy @3.29, was thinking this was a bad buy first thing but has turned out to be OK. I think the next rise should be into the mid 350's, hopefully today has bottomed out. Happy to hold or add more if it drops.
Newdealz. A new face here I think if so welcome.
I wondered the same on Monday and thought to try a small buy. But got waylaid then of course the day started getting interesting yesterday so I made a small purchase and saw it rise and then drop.
Would be nice to see a turn around, time will tell.
I think Veteran10 must read the Express. RM change prices every year, always have done (in my 25 years anyway) and always will. It seems to come as a shock to some people. As Maximas pointed out, RM have reduced online prices but they've also reduced offline prices for some items by getting rid of the 1-2Kg band so a small parcel weighing between 1 and 2Kg now costs £3.95 whereas last week it was £5.07. A small parcel between 1 & 2 Kg sent Tracked24 has gone down from £7.80 to £5.45. (Figures from Tamebay - https://channelx.world/2022/03/reminder-royal-mail-price-update-from-monday).
And as for us being underpaid, downtrodden and abused etc., we're not. I had a stint outside RM for five years and it was terrible. I went back. the real world is a damn sight worse than working for RM.
btw those talking about short positions i would say that is already priced in...
im calling today as bounce day and turn around in the share price, charts are calling for it its heavily over sold by a way, nice big downwards spike today and finishing much closer to the starting price, may test 3.20 mark again tomorrow then hopefully up we go
We have FY results in May. I wonder where the SP will be in the following days ?Contributing to the movement. Some possibilities will no doubt include :-
Letter volumes which have fallen since their peak in 2004.
Profits from volumes which surged during the pandemic.
Ebygum - If you consider the Royal Mail workforce to be underpaid, poverty stricken and downtrodden with their current pay levels and T&C's then I can't imagine what your opinion must be of how the mostly gig economy and 'Self employed' workers are treated by other parcel delivery firms.
Royal Mail have just reduced there online parcel postage prices by 10%
Maybe the massive profits are made by the appalling way in which the underpaid, poverty stricken, abused down trodden workforce are treated by this company which forces them to work excessively long physically demanding hours which are injurous to their health.
Veteran . DPD, HERMES, TNT and Yodel have all put prices up. Are they all badly run. Not sure how you can have a badly run company making massive profits.
Veteran - Yet still Royal Mail has some of the cheapest postage rates in Europe, it might be best if you stick to a subject you're familiar with.
Just checked the FCA spreadsheet - INCREASE
Black Rock 0.7
Citadel 0.62
GLG 0.52
Marshall Wace 1.71
Millenium 0.5
Total 4.05%
https://www.fca.org.uk/publication/data/short-positions-daily-update.xlsx
What are RMG going to do next, put the price of a stamp up every 2 weeks? Or Just be done with it and up them to £5.
Badly run, greedy company.
I see Citadel and GLG have increased.
Shorts now at 4.05%.
https://www.shorttracker.co.uk/company/GB00BDVZYZ77/
Exactly Oli.
Some see the shorters and immediately cash in. Some merely sit back and wait .
Shorts showing themselves is designed to intimidate.
Remember last time around the shorts lowering the SP to approx 124p resulted in a substantial surge back to black.
Indeed Redceo. We have to be mindful that the likes of Citadel, GLG and Millennium lurk below the 0.5% threshold and briefly show themselves to cause unwarranted chaos.
A few changes but slight increase
BlackRock 0.70% 0.09% 31 Mar 2022
Citadel 0.52% 0.05% 29 Mar 2022
GLG Part 0.52% 0.15% 4 Mar 2022
Marshall. 1.71% 0.03% 28 Mar 2022
Millennium 0.50% 0.02% 1 Apr 2022
Total 3.95
Let's hope this is due to the efficiencies that will be delivered from the soon to be operational automated parcel hubs gaining a bigger share of the market.... a win for all concerned, customers and investors alike.
AngerZ it is clear you know very little about RMG’s capabilities and how they compare to the likes of UPS and Deutsche Post. I guess actually knowing anything about companies you invest isn’t essential so good luck with your gambles.
Just booked my parcels online and get this..
Prices dropped 10%….couldn’t believe it.
Chaps, to be honest i copied it from another board. Seems about right to me, but like said below, it's all short term noise. I'm buying more at 300p and lower if possible.. GLA
The truth is...nobody really cares. Well most of the posties won't.
The mail will still get through...as long as the posties don't come out in sympathy of course. And that I just cannot see.
There will be plenty of stand-in/deputy managers available to fill the gaps...they are still posties after all is said and done.
Not much chance of the CWU striking either. Plenty of noise and sabre rattling from the aforementioned (as is always the case) but strike? Doubt it.
They will settle for the two extra hours and 2-point-something percent...and everyone will be happy:-
The company will get a workable deal; the CWU will get what they want (35 hour working week) the shorters make a nice big wedge; Kretinsky will put some dough together (he is a little strapped at the moment) and further increase his stake...and we will be mopping up cheap shares alongside him as well.
Whats not to like?
Same old same old. Just like last time.
£3.30 or £2.30 who gives a f..k.
Just keep nibbling away...and DON'T get too greedy and you will be perfectly alright.
The Hubs will all be up and running in the next several years. The UK has the biggest ecommerce market in Europe and the third biggest in the World.
We might have to wait several years for the share price to hit £8.00 a share...but it will come.
And nobody will be laughing when you tell them that you were buying at these prices even it drops all the way down to £2.00 a share they won't.
And its really as simple as that. A no-brainer for anyone who can wait just a couple of short years. And of course the dividend...and, also, more than likely the continued buy-back plan.
Patience...that is all that is required. A little patience.