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max.... what a great way to run a business......
max they are hemorrhaging money with casuals. Also budgets are not being adhered to by managers as they are only interested in getting mail out with o/t. as they lost their annual bonus for budgeting and there is no control from above....
you believe what you want... I am stating fact
Exactly…there not bothered…then when the time comes to let the market no …they will say we have no money…
Iam staying a fact.:-)
max even if K bought in you wouldn't be anywhere near breakeven... or would you?
sorry i had to change from no opinion to this.... in a few weeks it will be a strong buy
Savvy buyers carnt lose.
Posties win…share price may rise
Posties lose…share price may rise
K gets the nod…share price may rise
K then buys more shares share price may rise
K goes in to but out right ..keeerching.
You just have to take an educated gamble with your buying.
Either way its not looking to bad if you look out of the box.
Will be interesting in the morning that’s for sure
max they are hemorrhaging money with casuals. Also budgets are not being adhered to by managers as they are only interested in getting mail out with o/t. as they lost their annual bonus for budgeting and there is no control from above....
you believe what you want... I am stating fact
@ wolves.
His contingency plan is that staff will break the strike. And casuals. Plus blackmailing his managers, who are mainly on our side.
I could've f****d the company up just as well, and for less money.
What a twit!
sorry i had to change from no opinion to this.... in a few weeks it will be a strong buy
I don't think you get it. If the staff are unhappy, then application to do the job may slip. Does that make any sense to you?
It’s like a good film
Carry on postie..
Just my view but I think they have already priced in no profit this year,maybe next…no divi,no money..no pay rise,I don’t think there bothered now…short term pain long term gain…personally think they will just keep employing temps at what ever cost,more on with enforcing change,not give in and start again once it’s done and dusted…please keep up the good striking:-)
@ ispy... let's see the contingency plans that Mr. Thompson has in place now!!!!! what a mess he has now created.... shareholders need to unite like the CWU. and replace him
@ wolves.
Could this be the final days for Thompson?
He's punishing the very two groups of people he should be looking after.
And he gets paid handsomely for this. As well as raking in bonuses for not meeting targets.
I also understand that the 1K-1.5K payments for attendance by mangers up to the end of October, is in fact part of their target bonus for next year. That they will never meet.
Still. At least he has workplace to fall back on.
ispy... happy days and let's hope an agreement can be made and we flourish as a company for the future generation...
@ Maximas1.
I don't think you get it. If the staff are unhappy, then application to do the job may slip. Does that make any sense to you?
no max... I'll be in buying with my pay rise. I'll wait for £1 per share or is it $1. due to our impudent government...
@ wolves.
That's a lot of averaging down from 450p!!!
At least this shows that the CWU are serious. I just hope the members take this all on board.
That's a hell of a lot of casuals they need to employ. I hope it's worth it Si.
great news max... you can buy on the way down and shorten your average...pmsl
Good grief,you still don’t get it…the cheaper the company becomes the more chance of it being bought and then things become more difficult for you..lol
I watched the live session and too much to comment on. DW very keen to get ST in the room to thrash out a deal....
CWU have announced a further 19 days of action including full network on some days and functional units on other days. Means 9 days for most individuals. Vesa featured very heavily including the meetings TP had with VESA some months ago. Perhaps best to watch for yourselves and form your opinions.
Maximas1 its is not easy to find people to do the posties job to replace them. most of posties are over 55 and they will leave the job if the terms and conditions are changed. we will see what will happen over the next few months. If you correct I be the first one to say to you that you were correct all along but if Royal mail back down to the union than please appear here and post that you were wrong.
No idea if I will be right or wrong…but my views are only there reading how the company has approached the problems…
Maximas1 its is not easy to find people to do the posties job to replace them. most of posties are over 55 and they will leave the job if the terms and conditions are changed. we will see what will happen over the next few months. If you correct I be the first one to say to you that you were correct all along but if Royal mail back down to the union than please appear here and post that you were wrong.
great news max... you can buy on the way down and shorten your average...pmsl
Excellent news….hoping to buy a few tomorrow…although it would not surprise me if the share price rose as it would be taken by some as a mail in the coffin for the posties…change forced on them quicker and decisions made:-)
CWU have announced 19 days of strike from 14 OCT to 2nd December. Royal Mail need to get rid Simon as soon as possible.
ALL DEPARTMENTS over october and black friday, cyber monday and later... rolling days of strikes from different parts of the group to maximize disruption.... sharp drop in the sp tomorrow i guess...
Royal Mail PLC (LSE:RMG) has received a near 70% downgrade to its profits forecast from UBS, though the Swiss Bank suggests all the bad news might all now be priced in.
UBS sees downside given the UK division's low historical margins, challenging environment for growth and difficult relationship with its main union, the CWU.
Kwasi Kwarteng’s mini-Budget might also keep inflationary pressures higher for longer, while overseas business GLS is also facing pressure on volumes due to the impact of the cost of living crisis across Europe.
The bank’s underlying profit forecasts for the three years through March 2023 -2025 have been slashed by respectively 97%, 85% and 39% with UBS also predicting no dividend this year,
UBS has chopped its price target to 205p from 280p, though the investment rating remains at 'neutral' given the possibility that all of the headwinds are priced in.
Shares rose 0.7% to 197.3p.
anger you quote"If all of the huge corporations in the UK paid 1-2% more in tax it would contribute significantly more than taxing high net worth individuals 5% less…" initially on current book value it would... but then less investment , job losses. and the losses down the ladder from feeder companies, meaning more and more job losses= less tax paid from employment, more universal credit paid by govt to unemployed etc etc.... get my drift.. those that pay 45% tax on 160k a year with the help of an accountant to pay almost peanuts!. i am sure will be ok...
AngerSharkz, I believe that it's perfectly acceptable for an individual to pay 45% on earnings above £162,500. Quite often those who have a personal income in excess of this amount also employ accountants (which can be offset against tax) to reduce their tax burden anyway.
I also believe that the entry level of taxation needs to be raised to £15,000 to help and encourage low wage earners.