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Just like the last time we got promoted to the ftse100 the SP crashes once again, contrary to what it was predicted and expected to do.
It won't be long before the shorters are circling.
How does a share price lose 10 percent in a couple of weeks when there's been no bad news from the business, no downgrades from the brokers (in fact there's been just opposite).
Absolute joke
Just the usual rmg yo yo scenario. Been like this since the launch.
If you'd been inside an RM delivery office, you'd better understand why Royal Mail can be relied on to disappoint.
The business is a shambles. Management can have all the good intentions and plans in the world, but all of the mail traffic is forced to go through a local delivery office for the final mile delivery.
These places are mostly archaic with an ageing, sulky workforce who hold intransigence dear to their hearts and still behave as though they're working for a state owned monopoly.
The UK business made a profit last year solely because of the black swan event of the pandemic which resulted in total lockdown, otherwise it was forecast to make a loss.
As the saying goes: even a bad business can make money in a good market; step forward Royal Mail.
Royal Mail is massively hindered by weak management, an ageing workforce who oppose change at every opportunity and the fact that it ceded far too much influence to the union to get it's current 2 year deal over the line.
Pauly sounds just like a previous poster.
I think Royal Mail will think the average holiday agreement is bad news. Surely that will add up to millions of back pay
Pauly, don't hold back, just let us know what you really think....lol
Haha. Nice one @OliGarch.
I'm sick of the place
I hope Keith Williams gets his way with changing the USO and the dropping of Saturday(?) letter deliveries means voluntary redundancies for which I will be an eager candidate ??
Got my voluntary redundancy 6 years ago pauly best thing I ever did.Do you still get the 30 grand payment for redundancy or have they done away with that
No Evr's on delivery . With the number of workers now confirming permanently working from home , it's boom time for royal mail. Deliveries and collections.
I agree, zero chance of redundancies on deliveries even if the USO does get reduced, most offices are sill relying on agency staff.
I handed my notice in a couple of months back after 21 years in the job, don't miss it or regret one bit.
Henky, Mike, you lucky bu¶¶e®$. I have served 42 years of my sentence and my manager told me a couple of years ago that there would not be any VR on the table going forward.
They actually gave me my 25 years redundancy money plus 30 thousand and then asked me if I would finnish 3 months early and they would give me full pay for the 3 months scary stuff sort of let's you know why I took it
"scary stuff sort of let's you know why I took it"
Good to know shareholder funds are being sensibly utilised :-((((
Why do you think the board want to change the USO at all if there's no savings in it?
If they had no intention of reducing headcount surely they would just leave it as it is.
If they drop letter deliveries on a Saturday, there is no need for group/floater/link posties any more.
They will probably only be delivering tracked and specials on a Sat' which will only require a skeleton crew working full shifts.
I'm absolutely certain there will be some vr's if the USO is changed, plus there are the revisions to consider too.
'Boom time' haha. You sound like Terry Pullinger.
That must be why we're lapsing a walk in our office and there's revisions taking place nationwide.
Nice one @Henky. I'm glad you're enjoying life.
I don't think you still get a £30000 supplement. I'm sure I would have heard of that! You lucky sod you.
Your 'no regrets' on leaving is echoed by every one I know who left Royal Mail. No one ever misses it haha.
Redceo, "scary stuff sort of let's you know why I took it"
Good to know shareholder funds are being sensibly utilised :-((((".
Unfortunately, the culture of treating RMG as though it is/was a government agency with endless funds didn't end when it was privatised. Far from it. There was a project called World Class Mail that must have cost hundreds of millions of pounds per annum, at its peak in 2015. The CWU requested a cost figure in 2012, pre privatisation, but by the time the Freedom of Information request was processed, the business was sold off and therefore didn't have to answer the request.
I would suggest that the RM BoD are not particularly interested in what happens to the SP as that is up to the investors and will continue on with their business plan regardless.
@Pauly70 - A reduction in the USO may well lead to a reduction in the workforce, but it won't require redundancies to achieve that reduction, it can easily be achieved through natural wastage, there are already 8,000-10,000 staff leave the business every year, simply by not replacing them they can achieve the required reduction in staff numbers.
@Henky - I'm sorry but I don't believe a word of that if you were in delivery.
I've not heard of any level of VR being offered in deliveries for years now let alone a package as ridiculously generous as you're claiming you received.
A shareholder should recognise that for the business to grow it benefits from a cooperative workforce which must be receiving adequate remuneration. However the figures quoted here are ridiculous. I'm not suggesting they are untrue, unfortunately.
Mike 1974 I can assure you that is 100 percent what happened 2 of us left at the same time and both got the same deal .There was 2 the year before and they also got the exact same package I have no reason to lie .My final package including my free shares was just under 56 thousand up to you if you want to believe it but that's the truth
Meant to say that was 6 years ago with 23 years service
You really are clueless Pauly and todays figures prove that. We have been lapsing for years in the summer. The revisions will save Royal Mail millions . This is a share forum for people interested in buying and selling shares not a forum for moaning farts to air grievances against Royal Mail. Each time you post you make a bigger fool of yourself ,as you are clearly ill informed at work and are clueless when it comes to business. You also post exactly like a certain Yam Yam.
Oooh...someones rattled haha. @ Dynanofc
Are you a CWU rep by any chance?
I think you'll find what was briefed regarding redundancies was that there will be no *compulsory* redundancies for the length of the current 2 year deal. Maybe your head was so far up your arse that you misheard?
As for todays figures: you mean the ones that state letter volumes are down 18% on 2019 -2020 and that parcels have decreased 13% in the last quarter despite the millions of NHS test kits that are going through the system?
The market doesn't seem impressed either does it?
I said months ago that the share price was going down from just under £6 when others were mentioning 8 and £10 price targets and that's what's happened so if I've helped anyone on that score with my 'moaning' then good stuff ??
I've been trading equities for over 16 years and CFD's for 4.5 years; 'clueless' I aint as my portfolio performance testifies.
I've also run my own business, so am aware what that entails.
Can't wait to see the figures for the next two quarters after 'freedom day' and how the governments plan to have every adult double vaccinated by October will inevitably reduce the NHS test kit revenue stream to a mere trickle by year end.
Just one last insight into RMG for the outsider.
Since the pandemic, posties have not been allowed to work two to a van (even with masks on)because of heath and safety. The same two posties who would normally share a van,*have* however been allowed to work right by each other for 1 -3 hours every morning in a full office. Farcical.
Even now posties are not required to go back in shared vans if they don't want to and even if they are double vaxxed(which most are)
In Royal Mail, the tail(CWU) wags the dog.
P.S No idea who Yam Yam is, but they sound like someone I should check out :)
Either you didn't sell at over £6 or you are spending a lot of time shouting in the wind on a board in which you have no skin. Either way, you'd be better off using your time ore productively.