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AngerSharkz, "RE: been watching This. Fri 20:52
IsleworthSpy - Ultimately it’s Simon Thompson’s call, he’s the CEO, however I have no doubt there will be plenty of influence from other directors and the board. I think this is the stance the company has decided to take".
I would definitely agree with you on this point. My take is that the BoD think that they have a great opportunity to take on the CWU and the cost of living crisis will help them achieve this aim. As CEO, Simon Thompson is by far the most vocal of the BoD members and ultimately if it doesn't work then it's bye bye Simon, no doubt with a golden handshake.
The good news is that there are plenty of CEOs on the money-go-round.....lol
You agreed not to talk, with yourself. Don't put words in my mouth.
So you think every postie should leave their job because of the derisory pay offer? That's why we are going on strike!!
Should all train drivers leave their jobs?
Nurses? Doctors? Barristers?
You really do come out with a load of nonsense.
Unless our Simon eats s**t, we will be on strike. Your investment at 500p+ is quickly being eroded. And this is just because of the pay rise.
When the next vote comes around, and it will, there will be financial carnage for any holders here. Unless of course, and i'll say it again, Mr Thompson relents.
One other thing. You commented that i said i was irreplaceable. Can you post where i said that? I don't recall it. You didn't answer last time i asked this.
So not only does Redceo think mental health is a laughing matter, he’s a misogynist also…..yet he has the Gaul to question other peoples character lol. What an absolute weapon this guy is.
Ha Ha isle. Thought we agreed not to talk until this is over. I suspect you are having me on. I asumed wrongly that your Male. It's now obvious your menopausal. Take your hormone pills and try to sleep dear.
@ Redceo. 18.42.
Probably the most ill thought out post i've had the misfortune to read.
Very entertaining though, because of it's sheer stupidity. It did make me laugh.
You must be drunk!
Nobody could post this garbage if they were sober.
Drowning your sorrows Redceo, because you're losing your life savings?
HH. OK, retiring soon but assuming you have been there a while why have you stayed? I hear often "worked through Covid" you did your job as did many others well done.
Also hear shareholders this that and the other. Shareholders take risks often with their life savings. Some here may already have lost a good percentage of their investment.
Remember many are ordinary working men and women who are just trying to provide for their old age.
You put in a day's work for an agreed sum. When you accepted the position you knew what the salary was. You now want more than the Company are prepared to pay. If you don't consider it sufficient move on. Surely another Company will pay you what your worth, won't they????
You may think that if you all did that RMG would collapse. If they did it's not your problem your already in that better paid job.
Redco, personally I'll be retiring soon so that's why I've not left don't want to start another job. Think royal mail can afford a decent pay rise why go through the next few months with uncertainty and basically just annoying everyone, we all worked through covid when many were scared to leave there houses, luckily all in my office came through it all tho a few nearly died from it...rm have paid out loads to shareholders and bought back loads of shares so there was money then but not for the postman
Thinking again about "the price will go through the floor."
Why do the the Company not buy loads more as buyback?they stipulated when the period would close and its got over two weeks yet? Can't be bothered to check my figures but recall they hadn't reached the volume that was discussed.
HH. Sounds exactly right "a good group" Maybe a job that's meant for physically fit people. There are many such jobs so it's not that RMG are exceptional in those requirements.
It's not a question either of what RMG can afford after all how many large companies look at the bank statement and increase salaries accordingly.
If you were asked in a private conversation, all things considered has your salary and terms increased reasonably over the years. Of course you may answer No! because most employees want more but honestly???
If the answer is No! It begs the question why are you and your mates still there? Why have you accepted less than you "know" your worth over these past years.?
My vote is in and I back the union, can only give my opinion of my office and work load, I'd say we all work very well everything gets done every day and generally a good group of postman, however the demands on us are more n more every year and most postman are either fit as a butchers dog or totally knackered at the end of the round and good for nothing except rest till the next day
"If we strike, the price will go through the floor. IMO"
Not everyone would see a rock bottom SP as a bad thing.
Many will relish this scenario. They load to the gunnels, DK could easily increase his holding, shorts get closed etc.
Shorts closing en masse also have a desirable effect, in that SP rises. Then of course whatever the outcome the strike is over, we have clarity, SP rises maybe as last time around when it moved up very quickly, approx 124p - 600p
IsleworthSpy - Ultimately it’s Simon Thompson’s call, he’s the CEO, however I have no doubt there will be plenty of influence from other directors and the board. I think this is the stance the company has decided to take.
As a shareholder, we can’t say that Simon Thompson hasn’t been committed to seeing shareholder returns, we received huge returns from the profits made during the covid windfall, £400m…….
I think the share price is inevitably going to head south once the result of the ballot comes through. I think it will present a good buying opportunity here for those who believe in the long term business fundamentals here…
All very odd. I've been sent some dialogue about Thompsons posts on workplace.
He thinks the vote turnout will be a high yes. But it won't change a thing as he believes these proposals are needed. And apparently we will see when the results of the AGM are published.
So shareholders voting to screw up the lives of posties, to make a few quid. That's how i read it.
He's definitely an odd one. It seems he welcomes IA. It seems he doesn't care about the employees. It seems he doesn't care about the company. And more importantly, it seems he doesn't care about the shareholders. The very people, who he should be looking after, as CEO.
If we strike, the price will go through the floor. IMO. And Thompson won't have much longer in his current role.
Tygra, I’m pretty sure their will be overwhelming support for strike action if the CWU call for a mandate through a ballot. Not sure I would base too many conclusions on a survey of opinions in Liverpool. IIRC at one point in a history a single Royal Mail Delivery Office in Kirby Liverpool accounted for nearly 20% of all the industrial action in Royal Mail in the course of year, at a time when Royal Mail accounted for most of the industrial action across all U.K. industries !
The only area that matched Liverpool for militancy was South East London where the Delivery Offices used to take it in turn to strike.
IsleworthSpy - I think the companies attempts to change working conditions AND negotiate a pay deal was a massive mistake by the company. I don’t know who thought this would be a good idea but they’ve just added fuel to the fire.
The pay should have been negotiated and agreed upon first, if the company wanted to make changes to working conditions it should have been handled after the pay deal.
Pushing the 2% through before discussions have been concluded is another very strange move…..as you say is this an attempted carrott dangled in front of the workers in an attempt to resolve the situation?
July 18th can’t come soon enough for me as a shareholder. I want the cards firmly on the table and the situation to be our in the markets so they can react accordingly.
This ballot is about the fantastic pay rise, that has been forced upon us.
Talks are on-going regarding working conditions that RMG want. There will be another ballot for this.
2% is pathetic and the fact it was forced through does not help the situation. Thompson thinks that when we see the money in our baks, we will be happier. Not the case. Definite vote for strike.
And regarding Sunday working, later starts, annualised hours etc, it's a definite no from the workforce. And a definite yes for IA.
Two ballots in short succession. We will definitely be on strike. Unless the CEO backs down.
Just for information, I was at a BBQ and two of the people there are posties here in Liverpool. I asked them about the 'strike' etc and basically from the conversations I had there's no way this ballot is going to be anything other than a massive 95% plus vote to strike (from their offices at least). They both work at different ends of the city and both give me the same response, the main issue for them was something about Sunday working and not specifically the offer of a 2% increase (if that's actually what has been offered officially/unofficially).
I also spoke to another postie who lives in the next road to mine as I see her walking the dog quite a bit. She's been 'off sick' for about 4 months so whatever the reason, there's one less postie on the beat but still being paid and I've noticed 3 new posties who I've never seen before delivering in my area.
As I said, just for information but from what I can gather, the posties in at least 2 offices in Liverpool are actually looking forward to a 'fight' over pay and conditions.
All the best
Crystal. I have absolutely no desire to spend here currently. It only needs CWU to confirm a high turnout for striking if that's the case. Last time around though the high turnout was beaten in court by RMG arguing there were irregularities. I don't get any indication that the Leopards are changing their spots so history repeats itself.
On balance I believe more chance of a drop in near future. Just ensure you keep connected. She has the ability to move quite quickly for a 500 year old girl.
yeah, the other thing i've been watching is dividend drops, take GKP for example, their fall off todays ex-divi date is way over the divi payout, and even over that plus the special dividend that goes ex next month, so I may sit on the fence getting splinters till the ex-divi date and see what happens.
Swings and roundabouts mate , I'm sure it will go the other way for you at some point .
that's a fair point redco, and to be honest, probably not, so, the question is, have we reached the bottom of the slide, or close to it, and will any further fluctuations potentially just be the eb and flow of the market, obviously i'd be looking longer term holding again like in the past, I'd set a sort of reminder to revisit closer to 260, and she dipped into those the other other day, hence my renewed interest. On concern is the unions, as I said in my other post, the BT SP has dropped a bit based on the CWU vote for strike action, and that sort of thing has a knock on effect, and before you know it union bosses are emboldened and start rattling their membership
yeah, i've been hedging some things, like top up on IAG, missed the bottom yesterday I think, but sold PREM to cover that top up, and missed a spike there this morning Doh!
Also hedged on BT and it dropped on the CWU ballot results (fecking unions!)
so i've not been doing well lately !
I was in exactly the same position crystal. This time I decide to hedge and I've got in with half my investment @270 with a long term mindset incase things do go south, and saved the other half for when/if things do go south. Its a win win really. If they increase I'm happy , if they bomb its no biggie , just more investment and other chunk of dividend . Far less stressful this time round.
Hi Crystal welcome back.
Your decision of course but do you really believe that news here is going to improve short term.
since i sold, and can never quite make up my mind where to get back in!! every time I think ok, that's not too bad, down she goes some more, did this last time and ended up circa 30% down fairly quickly