Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I have traded in and out over the last week and am back in averaging around 3.65 now.
Not really too concerned how low they go at this stage.
Like all delivery companies they will not stand still,price rises in post and packages will surge negating some of any pay increase.
gssvejk - you may want to recalculate your figures. Even at the top end of your figures, 30 million a year is £3.60 a week for every RM employee. That's not even a 1% rise.
Last year RM's 'people costs' were over £6 billion. Just a 5% rise on this is an extra £300 million. Current inflation rate - closer to £500 million and that's not taking into account the changes in employers NI contributions etc.
Common, "More importantly I predict Putin is bulleted within a week"
One prediction that needs to come to fruition.
but RMG would be a bargain buy soon,
I think the main effect here is the FTSE drop-out. That's going to lead to selling from any FTSE trackers.
Regarding Liberum - it's just an opinion... I tend to only pay attention to the consensus average.
Liberum always produce ridiculous RMG valuations and should be disregarded.
I have bought again this week,although now in quite deep,and past my level I would normally go to,just carnt resist at these levels,and will continue into any more erosion to the share price,I will just forget about these for 18 months/2 years,then sell in chunks as the price recovers,thus dropping down to a level iam happy with.
Remember to make money you have to buy when everyone is selling,I did notice on one thread a fuel surcharge had been added to a customer,anyone shed any light on this.
of course if you want to be conspiratorial about this.... a mickey mouse broker downgrade is often the last leg of a short attack. When a heavily shorted Bab**** were floundering at about £2.00 a while back Barclays kindly issued a sell note with 1.47 as a target price...price today £3.35
The union / wage discussion is not new - in my view it is one of the reasons the share price came back from 525p recently. Everyone should have known this. The oil : petrol price being the other one. The two are connected. As I said before, look medium term and enjoy the fact the company are buying back BIG numbers of shares at low levels for ultimately bigger enhancement of earnings - well done the company keeping their powder dry at 500p plus. They bought 1.5m a day last few days. That tells us everything is fine.
Don’t forget the great line in the December RNS … ‘over two years they will move the balance sheet to nil net cash’ - younger analysts don’t seem to get the huge cash flow consequences of this - that means more return of excess cash - I predict end of March they go again with at least flagging another special divi and more buy backs. New automation comes on stream …
An amazing buy at these levels.
£3.6bn mkt cap. I think still £400m net cash maybe more. Operating profits of £600m even Liberum say to March 2023 - that will be too low.
More importantly I predict Putin is bulleted within a week which as well as fixing an atrocious situation obviously but inflation reduces, petrol prices reduce … etc. Neither of these outweigh the positive of stopping this terrible terrible war.
I don't really see how an unanticipated few % extra on the wage bill (say 20-30m a year) justifies the cratering of the share price in the context of current profit levels
"Big drop of more than 5% this morning, it could be funds dropping RMG if they’ve dropped out of the FTSE 100 perhaps?"
Unfortunately, all of the FTSE trackers will sell the share. That's a significant pressure. Then there's the downgrade by Liberum. Damn.
Bigstrke. Welcome to the board and thanks for the content of your first post.
This is my first post but I’m not new to share dealing. From the information on HL it’s confirmed RM has dropped out of the ftse 100.
We should get some good news in mid march from the ONS retail sales, I’m a postman and have seen an increase of parcel volume through February. Also the amount of LFT’s being delivered are higher than ever, this will bolster the end of year results offsetting the increase of fuel costs.
As long as it holds above 369p all is well, if not...... Don't know.
The previous two occasions RMG has been promoted to the 100 it has had no positive impact on the share price and there seems to be a correlation between getting promoted and the shorts targeting RMG as they've done it each time RMG has been promoted.
Ft 100 status is always nice,but I would think a temp demotion at this point wouldn’t do to much harm,with the top 100 under pressure I personally would not mind to much if it did drop out until the next time it’s looked at…I can see Royal Mail doing quite well over the coming months,hopefully things will have calmed down a little and promotion again nailed on.
Could be a good thing for a short while,take the pressure off the share price a little,not getting caught up with any selling pressure from funds if the ft goes tits up short term.
I think the big buyers will be holding to read the results...
Well….we do have username ‘Oligarch’ on this forum…
Has he spent the weekend off loading various RMG property assets before his private bank is cut off from the SWIFT banking system…..
Either that or he is doing overtime whilst it’s still on offer :)
Sorry, he's a Czech!
Doesn't a Russian guy own a large position here, will he be able to buy or sell with proposed sanctions?
1. If the short positions are closed by another half a percentage point...then the present short positions won't even show up on the "Short Interest Tracker" site.
2. With all the buying yesterday, as the shorts started closing their positions, it looks as though £3.70 (approx) is regarded as the absolute bottom for this moment in time. If it is...it will be the very first occasion I have called it right, regarding RMG, when buying at the absolute bottom. First time for everything.
3. Watch out for an RNS, hopefully, sometime next week announcing that Kretinsky has bought another large tranche of shares...he has not been lacking this far regarding buying opportunities as and when they have presented themselves.
Bottom line : hold onto your shares...even if the insane despot (which is Mr Putin that is) threatens Estonia, Latvia and Lithuania. If he does...you will be picking up this stock at £3-00 a pop. Or even less!
As for invading those former Eastern Bloc States (now countries in their own proud right and members of Nato)...don't give it a second thought. Because if it happens...the last thing you will all be worrying about is your portfolios.
Cheers. And long live democracy!!
Looking tidy.. There's lovely!!
Back upto support at £3.85…hopefully this will hold and start to pull away.