with Q3 announcement in February im hanging on to the tail coat as the price is rising , I actually think the 609p price that rmg is now and my 1,000 shares are cheap as stamps price will keep going up and parcels prices etc will increase and therefore profits will increase after prices are worked out against costs, the price is over 600 p and heading now to 700 p the shares could easily be 800 p within 18 months , actually 10 pounds a share is not out of the question then onwards and upwards, also rmg has almost a monopoly on mail. once results come out the shares should really start to motor upwards.
I thought that the prospectus had been removed when I last looked and there in nothing on this Diary Tab. As far as I remember: the Financial Year Ends 24th April ; A.G.M. in July; Payment of dividend in August. Proposed dividend 15.19p. There was some indication somewhere that this amount could be increased dependant to results and somewhere Barclays forecast compound annual increases which I think were expected to result in over 30p. p.a. within three or four years In the future: payments of finals in July or August and interims in January or February.
Kevin you understand a lot more than most as Tory press like to keep us ignorant of the truth. Inflation well above 2% and pound losing value but easier to sleep with than a heady stockmarket. For me RMG is a limited investment and happier with BP and Royal Dutch Shell. If a market slump I will stick with these two. These hedge funds/asset strippers bother me. Good luck.
@ zenlike. I agree with your comments re the economy of this country, and this is a gov' and BOE created growth by cheap money supply, and schemes to inflate the property market, all done by gov and private debt which is not sustainable, but clearly done with the aim to get re-elected in 2015. God help us all after the election, no matter who gets in power, the day of reconning is coming. Higher taxes, higher interest rates, debt defaults. UK cost of borrowing going up, £50Bn of the current £100Bn buget deficit is currently spent on interest payments alone. However think the Ftse is a pretty safe bet for at least the next 9 or so months.
As for cash being safe: It is safe to say if you hold cash you will lose money! With inflation the value of cash is continually being eroded. Will have a look at RDS, ATVB.
HMG's Broker held on to the balance of my £10K for what seemed like a week or so whilst the price was rising and I made some stumbles in freeing up dosh from the sale of other shares. My average net cost was therefore higher than should have been possible at 539p, The price when you posted of 609.50p.seems to show a profit of 70,5p. per share. This equals a profit of over 13% per share or 5.2% per month. (Less sales brokerage.) I know you spent some time writing about loans and also on liquidating some money but you would have done much better if you had not bought SPQ which as I expected is down 26p./3.4%, and had repurchased RMG during the dip. My somewhat unreliable calculations which I recently posted show a higher yield than your quote and I consider the shares to be a buy until they reach my target of 660p. I hope to raise this long standing target after 24th Jan.
@ Stumbler. Thanks, will have a look at MRS. I believe in the Ftse, and RMG as a long term investment, just don't want to buy at the top of the share price. (dificulty is knowing where the top is though!) If can buy at a low/dip then long term has to be a good investment. I also believe now is the wrong time to sell unless ppl have a desperate need for the cash, but that is a daft situation for any one to have created for them selves, as it's always wise to keep a percentage of wealth in cash for any unexpected/predictable costs. ATB
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