The proof of posting is a very useful tool in many dealings and not just as a shareholder but as a good customer i think RMG should be charging for this with say 1p going to the receiving office and 1p to RMG. I'm sure the customer who really needs this extra paper, print and extra work would agree that a 2p charge would be fare?
Looked as if we will end the week in the 500s. What a great turnaround and this share has been a great performer over the last 6 months. Last 6 months + 16% Last 3 months ( to date ) + 18% Last month + 14%. They are some very impressive figures. Where now........................................................................... Well with a share portfolio of 10500, I am in until the divvy is paid, then its a re-think. I doubt whether I will bin the lot but looking at off loading 50%, I reckon. 525 + that is the question...................................... Hmmmm
Royal mail: defined disbenefits: The U.K.’s Royal Mail went to great lengths on Thursday to explain the impact of pensions on its profits. This was painfully boring — but, alas, excruciatingly important. Things could get worse. The end of a government tax rebate on pension contributions will add up to £75 million to Royal Mail’s payroll tax bill in 2016. This is significant, when the company had £595 million in operating profit last year. The scheme’s surplus will also be reassessed in 2018; broker Jefferies thinks pension costs could then rise by another £150 million. Royal Mail is working hard to cut costs amid a declining letter market and stiff competition in parcels. But without a more accommodating pension agreement with its unions in 2018, those efforts may deliver fewer benefits than shareholders expect
Results are above expectations. Could be bit like Vodafone, goodish results = price drops like a stone for one trading day then rebounds to end well above the pre-result SP. Anyway I am staying in as this share has been very good to me having taken the IPO, sold out at the high and got back in lower with more shares purely for the dividend yield.
The postal service, floated by the Government in 2013, has reported a fall in operating profits, but not one as bad as expected, as it demonstrated a tight grip on costs. While the company's revenue slipped last year, and pre-tax profits were down significantly, these results are better than the City had forecast. Moya Greene, Royal Mail's chief, says the market will remain "challenging
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