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nuri123a I know was just asking about his earlier statement that the business was having to make a massive investment in prepping time and thankfully we got to the bottom of it it was based on what his local postie told him so can leave it at that now.
JB Thistle - why you engage with Charlie is beyond me... his contribution spans talking to a post-man - hardly a helicopter view of the business. The man hasn't even read the half yearly report. He trades a few hundred or thousand in the hope of raising enough to have a holiday. Sad!
Charlie156 good to hear you are trying to do some proper research and I am sure your postie will have a good handle on what is going on in the business, so his delivery span has increased so either his prepping time must have reduced (keep in mind volumes are dropping) or he is actually doing work to fill his hours. So where is the massive investment in prepping I am still not understanding what you said in your original post, Of course there maybe a connection to his job to his knee op but I'm not a doctor/surgeon so not qualified to say. Doesn't bother me in the slightest that you think you have or actually do have a better understanding of RMG financials than myself I am sure there are plenty on here who can read and understand financial reports. Having worked in RMG Finance and with budgets etc so happy I have a good understanding of where we are. Of course I have an attachment to RMG but does it cloud my financial judgement absolutely not. Do I get emotional over an SP going up or down not at all I know the risks and follow the golden rules, Thankfully I don't need or want to trade. Please make sure you share any good info from your postie and I was delighted he was able to benefit from the very generous sick terms RMG have also remind him of the excellent EHS provided by the business.
Charlie, yes - let's base our knowledge on your talking to a postie whose journey has increased a few hours and he's getting a dodgy knee replacement. Great to know what's going on on the ground and extrapolating to 130,000 people firm. Your expertise is much appreciated, as is all your other non-sense on here. Good luck - keep talking to a few other posties... perhaps you'll find someone with a dodgy hip, or poor eyesight.
JB, I've taken ur advice and just had a chat with my postie. He said his delivery span has increased from 2-3 to 4-5 hrs in the last 3 years. He's also just come back after 2 months off for a knee op. Maybe there's a connection, whaddya think? I know it irks that a low level trader has a better understanding of RMG's financials than someone with a 38 year work record. Your a company man, I get that, methodical to ur boots, but ur emotional investment here is coloring ur financial one.
sorry Porschey :)
I tucked in too at £1.95.
Hey, don’t forget me Keith! I’m still here, bought some more this morning and I’m a retired Postie...
should be cheggers plays pop - doh
Good to see the band back together with Redceo, Fruitster, JB and Nuri. Still polishing off their greatest hits, but these days playing to an empty room.
Hey Charlie - did you know they once played live on Cheggers goes Pop !
Charlie156 yep a group of positive shareholders what's wrong with that, plus we are not playing to an empty room as you prove by commenting. Ask your postie about prepping time and delivery spans and let me know when you get some accurate information, plus how do you know we have an ageing workforce ? I don't think the ages are declared anywhere. Just another daft comment. If anything the average has probably had gone down with a lot of the older members of the teams accepting very generous redundancy terms. But similar to your statement that is also just a guess on my part. If you want to actually learn about the business I could probably arrange some visits for you as still in regular touch with colleagues.
Charlie - happy to align myself with other shareholders! Keep trading RMG, you might get to Bangor this year (either in Wales, or if you are really lucky with timing, Northern Ireland).
Good to see the band back together with Redceo, Fruitster, JB and Nuri. Still polishing off their greatest hits, but these days playing to an empty room.
And Uncle Doug - just to correct you - you were stating your opinion as though it was somehow fact - which it is clearly - based on the facts - inaccurate, misleading and FALSE!
Uncle Doug - it was a blip! Of course you are going to stick to your untruthful and misleading statement. Good luck! They've made a profit in each and every year over the last six years. So, yes, very disappointing that they have managed to pay dividends of c. £1.30 per share over the last six years... probably more, just haven't added them all up.... terribly disappointing performance that c. 66% of the current share price has been returned to share holders.
NET DEBT:
People made a big thing out of the net debt increasing to £1.3 billion. £1.17 billion is directly attributable to leases. Net debt has actually reduced and cash at hand has increased. So, this is one of the least indebted businesses on the FTSE 250!
Nuri - Just my opinion - no need to be so rude. I think it's good to get views of all kinds. That £6.31 was one off blip in a year that ended at £2.72 ... so a disappointing year in my opinion. Many would bite your arm off for a return to £2.72 , but that seems a long way off, if at all. Of course you can spin share price movements any way you see fit. Anyway, good luck with your multiple buys today.
Uncle_Doug - 6 straight years of disappointment - which is why it reached an all-time high of £6.31 less than two years ago. Very insightful and misleading comment! Negative engrained in every fibre of your body!
Very Risky. Very Volatile. Six straight years of disappointment. Who would want to own a piece of this chaos right now? There are other places to make money. AVOID. IMO.