The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes true that BlackRock are covering their backs.
A buying opportunity but not for me just yet. As stated previously it's my belief that we haven't reached the bottom yet. I shall endeavour to time my buying correctly. Then count the pennies as they roll in.
Red…
I posted just what you have noticed a few weeks ago,black rock are covering there position,I love this personally as it makes a very good buying opportunity.
Dynamo, thanks for clearing that up. Since the start of this millennium (okay, it's only been twenty two years but it sounds longer...ha ha), my manager has had to reapply for his job on at least six occasions. He even lost his job as he was unsuccessful (about a decade ago) but was offered it back as the only other suitable candidate left to work for Amazon so I assumed that this was par for the course in management.
Mike 1974 - Agree to disagree as your views appear to be biased and baseless to say the least unless you were part of your local management team or structure where you operate from and have facts, generically there will always be employees and managers/supervisors in any industry worldwide so not sure where your info or views deem from , for investors we need positive commercial information from RM and that's not coming through from the CEO is my opinion.
BlackRock 0.61% 0.07% 2 Mar 2022
Citadel Advisors 0.52% 0.05% 29 Mar 2022
GLG Partners 0.52% 0.15% 4 Mar 2022 Marshall Wace 1.71% 0.03% 28 Mar 2022 Millennium Capital 0.54% 0.05% 24 Mar 2022
Total 3.90%
This dispute with management and their union has been rumbling on for a long time now so in theory should already be 'priced in' but as we've mentioned previously 'pricing in' only seems to apply to good news.
It really is a non-story as Dynamo has already pointed managers are already desperately trying to justify there mostly pointless and unnecessary positions and certainly wouldn't risk striking as it would only highlight just how unnecessary their roles are anyway.
My office functions just as well on the occasions we don't have any manager, yet some days we can have as many as 4 managers to look after 60 posties, utterly ridiculous!
Managers have virtually nothing to do once all the posties are out on delivery and usually go home early themselves by 11 a.m. at the latest, those that do stick around and try to look busy will be tidying up stray empty trays and Yorks... you could pay someone minimum wage to that!
Being devils advocate everyone loves a cost cutting exercise
Oli. All the managers that don't get EVR are being made to re apply for their own jobs, with a change to job description allowing Royal Mail to reduce the amount many are paid. Can't see many going on strike as lots of them are trying to climb the greasy poll , shafting each other on the way up. Also if they did go on strike, it would make very little difference, because most delivery offices run themselves . We have functioned many times without a manager.
Thanks AngerSharkz.
I can't see the managers going out on strike as the majority (certainly in my office) don't really believe in the union anyway.
AngerSharkz, could you post a link to the Evening Standard news article please?
As far as I am aware, there are no plans to fire and rehire any managers plus UNITE are fairly ineffective within Royal Mail otherwise the managers wouldn't still be on a 45 hour week, plus they had to rely on the CWU to sort the pension fund debacle out.....
Yes Oli, very nasty. They won't be getting a card this Christmas.
Thank you Redceo. Just sitting below the waterline...nasty.
So the true figure for the shorts is 4.32%.
Citadel and WorldQuant both sitting @ 0.47%
Oli. Shorters are a fact of life with this share it seems and history does indeed repeat itself. It obviously struggles within the 100 which creates a yoyo effect. Perhaps the waters of the 250 would be calmer.
I'm a firm believer in better times to come, however can't shake the thought that more drops will be experienced in the interim.
Slight increase.
BlackRock 0.61% 0.07% 2 Mar
GLG. 0.52% 0.15% 4 Mar
Marshall 1.71% 0.09% 28 Mar
Millennium 0.54 0.05% 24 Mar
Total 3.38%
I would also think that there are some more, such as Citadel, lurking below the 0.49% threshold so the true figure is probably a little higher?
In football terms, RMG would appear to be the Norwich City of the FTSE. It performs well in the FTSE 250 but seems to struggle in the FTSE 100. Perhaps (as far as the SP goes) it would be better off out of the limelight in the FTSE 250?
In the last 5 days RMG have had these broker ratings:
Deutsche 275
Berenberg 650
Barclays 640
RMG January 25th Q3 trading update Forecasts:
Royal mail £430 million adjusted operating profit
GLS 400 million euros
I think the teaboy must have done Deutsche's analysis. RMG are a screaming buy !!!
With the times article on Sunday,mentioning shorts and the bet against rm largest shareholder,then a ridiculous downgrade,anyone would think this was manipulated so some shorts could close…just a hunch.
but RMG recovered from this morning ,354p now
Maximas 1 - Exactly , it's just all one big game of corruption and manipulation, either that or they're utterly incompetent at analysing the value of a stock to have such a wild change in their opinion in such a short space of time despite no real change in market conditions or business fundamentals from 5 or 6 weeks ago.
Makes me laugh,5 weeks ago it was a buy off them.
The last time they did a downgrade like this the shares went on a steep rise after a quick fall. Deutsche Bank seem to like to manipulate things. Myself , I'm not worried as I have no desire to sell for a while and keep topping up at the lower prices. Afterall Royal Mail has not been in such a good position for donkeys years. With Special deliveries and Tracked holding up at pandemic lockdown levels ,and letters and d2ds up, it should be a very big profit and good dividend.
I think it's just like always, they're trying to drive the price down as low as possible, so they can accumulate.
Covid rates are actually increasing and I have been noticing workplaces putting previous safety restrictions back in place.
I am trading on the way down as well as accumulating along the way and no really too concerned how low it goes.
INCREASE
BlackRock 0.61% 0.07% 2 Mar
GLG. 0.52% 0.15% 4 Mar
Marshall 1.68% -0.02% 17 Mar
Millennium 0.54% 0.05% 24 Mar
Total 3.35%
Thanks
Just sold half @347 will freeroll the rest.