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Imho for him to walk away it be a slow process because of the volume of shares he owns and him keeping the share price up.
RM (just like the water companies did) have some real plum property assets. Compbinded with a good pension fund and that redundancies are always funded, thats why the CWU are running scared and gven in on saturday collections going. With everything sent by email these days, its only things like car registrations etc that need to go by mail. The question is will he up his offer or walk away before the 15th May?
Just got back from a round of golf with my ex manager at Royal Mail who still works there told him I’d bought 20k of shares last week on the strength of DK bid and I was expecting the result to be good next month. Now the only shares this manager has are the free ones he got at the IPO he said he new about DK bid but he said I don’t know what that means for the share price but I do know the results will be good because I’ve been told I will get my bonus. Now weather that means his office have hit there target or it’s nationwide I forgot to ask has was to busy concentrating on the golf .
Ironknut - I wouldn't go quite as far as wishing you dead but you are quite correct that your very particular and niche wishes and demands are irrelevant and not worth consideration... and a modern business shouldn't be expected to maintain an inefficient, costly and burdensome anachronism of a service obligation to accommodate your particular demands.
I've also been informed that another area where RM has hidden assets is a one billion pound surplus in its new pension fund. I have been told that Posties are fully aware of this vulnerability of a new owner coming in and taking this surplus. So Posties with shares probably won't be willing to take a small profit if they believe their pension pot could be taken, which has happened in other companies.
I've also been informed that another area where RM has hidden assets is a one billion pound surplus in its new pension fund. I have been told that Posties are fully aware of this vulnerability of a new owner coming in and taking this surplus. So Posties with shares probably won't be willing to take a small profit if they believe their pension pot could be taken, which has happened in other companies.
Take issue with mike1974.Many people value their postal delivery. Indeed i am angry that already the post where i live only gets delivered 4 or 5 days a week.. I receive magazines and Newspapers not deliverable locally. These now arrive several days late or indeed not at all. No doubt mike wishes people like me to be dead as we are not worth any consideration.
Meanwhile IDS continue to fail in their contractual responsibilities. Fewer letters and no profit in delivering them so make the service inept to discourage letters being sent.
I have asked about this, and from what I understand where RM has a large property portfolio still is not the sorting offices or hubs even though RM still owns some of these, but the delivery offices. These delivery offices needed to be local and numerous due to the use of bicycles. I have been led to believe a policy of building larger out of town delivery offices to combine the smaller ones that are/will be sold off. This, I believe, is happening now in Brighton. Some of these delivery offices are located in highly sought-after locations with high land value
Sid ‐ I'd guess the tories are attempting to appeal to the grey vote with their stubbornness to allow change and reform of RM and the USO.
If shows just how out of touch the tories are with reality.. most pensioners these days are up to speed with digital communication and couldn't care less about letter delivery, in fact pensioners are the biggest complainants when it comes to unsolicited junk mail.
Nicktims, sadly , the RM property portfolio is not what it was pre privatisation as some of the more lucrative property was either sold or sold and leased back by the business under Moya Greene's tenure although I would still expect it to be a sizable amount.
Thought this would be a bit perkier this morning, between news of Chuka Umunna being drafted in to lobby, and the unions giving in. Whichever way this goes now is good for IDS shareholders.
I assume it's just traders getting bored because they haven't made 20% in a weekend.
Is their anyone whom has a realistic idea pertaining the value of property interests? I would expect this to be quite considerable, and, financially viable when sold off.
Sid. I think politicians are from a similar mold to be honest. Of course some are particularly Bolshi but generally they're all nose deep in the trough. In my younger days I was being groomed for a role and often invited for lunch at Westminster. Very nice no expense spared.
As for the the bid, who can tell. There was a fair number sold end of the week and I can't recall what his estimated average is. Who knows what skullduggery is afoot but we shall know soon enough. I shall sit back and enjoy watching it run it's course.
Red, Looks like Labour and the union , are more open to change than Tories..... before the election....
Cannot understand why Tories are so stubborn when it comes to RM...
Red what do you think his next bid will be?
Https://archive.ph/YQF3L
Article in full
"Royal Mail may cut deliveries after union gives in"
Thanks for that Sid. At last common sense prevails.
End of Saturday post? Royal Mail may cut deliveries after union gives in
CWU, which represents 110,000 postal workers, has signalled that it would back a change to universal service obligation rules — which could mean up to 9,000 daily rounds are stopped
Saturday April 27 2024, 6.00pm, The Sunday Times
Union leaders have conceded for the first time that they will accept an end to six-day-a-week letter deliveries, clearing the way for Royal Mail to enact historic cuts to postal services.
The Communication Workers Union (CWU), which represents 110,000 postal workers and brought services to a standstill with industrial action in 2022, has been one of the biggest hurdles to Royal Mail reducing its loss-making daily deliveries.
But it is now ready to back the company’s proposed reforms, admitting that the current service is “no longer financially viable”.
Royal Mail is pushing to reform the universal service obligation (USO) — legally binding rules that stipulate letters must be delivered to every UK household six days a week. It wants to shift to delivering second-class post
The deadline for another offer is the 15th of May
I think he was just saying that he received the message on Wednesday about the first offer. Several of my colleagues received the same email from shareview.
Andy McKenzie, I don't doubt your share provider or broker's information but I do find it difficult to get my head around why it takes so long to release any information as an RNS or for the media to release this? There were minor spikes on Thursday morning and afternoon but they soon collapsed. It also beggars belief that if that was the case I'm sure that the big boys would have been all over this on Thursday knowing that 320p wasn't going to cut the mustard so potentially something between 375p and 400p would be the next step?
I’ve had a message from my share provider saying there has been a takeover bid message received Wednesday 24 th .
Derek, given some of the comments posted in the past from certain contributors, it would be remiss to allow images? I would imagine that some would have hard drives as filthy as a Tory MPs persoal life.....lol
@Henky, you can’t post photos on the forum.
Probably a really good thing given some of the apparent preoccupations of certain contributors.
IsleworthSpy - ‘The desperation to convince not only others, but himself, is clearly evident.
How sad.’
Hahaha!
Weak as p*ss fella. Is that all you’ve got left?
I’ve not crushed you into a pitiful mess like OliGarch have I?