The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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JB the first priority of any government is to protect its citizens from threats, foreign...and domestic
Red, worth watching a few more of his videos.
Scary stuff for the middle classes if his bets pay off and he hasn't lost yet !!!!!!!
Darbo I also blame PP and that bloody cat. Good to hear the security and vetting is still as good as its always been.
Hmmm understood and cant disagree that a lot of people are quick to cash in on UK assets. Good to hear you are in profit as that's what we all invest for. The business doesn't owe me anything so in no desperate rush to cash in my remaining holding. I personally think the current bid undervalues the business and if it fails I am happy to continue to hold see what the future brings.
Brock, Interesting presentation.
' the community aspect of a dedicated local postie have been diluted and the infrastructure will in the main stay the same'
Jb, when postman pat retired in 2017 (on a gold plated pension)I took it as a major indicator that the old royal mail was history . Remember those 2 out of 50 letters that didn't arrive at all in that panorama? I reckon the intelligence agencies are/have been working overtime on security issues within this national infrastructure. You don't get to be an employee here without 'who do you think you are' standard vetting
Sid, I'm sure he has a very clear idea of the financial situation. He is a big man in the corridors of power which is a belief reinforced by the Boards backing of his offer.
He knows what this Company is capable of in the right hands.
NEWD. There you are, haven't heard your little voice for some time. To be honest I'm thinking of splashing the cash and can't convince myself that I desire anything material !
So rather than boats, motors or heaven forbid more stock it will be cheques for those that bring pleasure into my life on a daily basis.
Will I sell up completely though? I think the adrenalin rush has too much going for it. So who knows where we might meet in future 🤔
Mr Thistle,
The point of my my response was that the document you linked to wasn’t where you’d find reference to the potential ‘chronic’ risk associated with the takeover of a UK business by a foreign owner. The footnote were my personal thoughts - and I won’t be making the decision...
What bothers me most (apart from the people who can’t engage in a discussion without resorting to childish insults) is that UK PLC currently seems incapable of holding on to and profiting from fantastic world beating assets (not including Royal Mail in that btw) Where are our acquisitive Billionaires ?
This is not helped by a Govt who generally seem comfortable with selling to the highest bidder, regardless.
I’ve made a few quid trading in and out of IDS over recent years and sit on a decent profit now but I’d quite happily see this bid fail and the SP fall back, wiping out my paper profit, in the short term. Longer term I’m sure the returns will be greater.
Redceo, do you think DK has already had a look at the accounts for the year
Once you make a bid, are you able to ask for the accounts
@Red - yes i keep thinking what board are us reprobates going to congregate on after the sales, more importantly where will be taking our money next when DK pays us off?
Any recommendations anyone? only interested in FTSE 250 and 100 ;-) my call is OCADO, but im already in up to my eye balls there as its another tech giant that will benefit from the oncoming automation\robotics industrial wave.
Results due next week will make for interesting reading. Of course Mr Kretinsky has had sight of them and his mouth is watering at the thought of owning our Company.
Should he succeed and shower us investors with loadsa money what will we spend it on. I have decided to stop accumulating and spend, spend, spend 😉
Best wishes to you that have made it fun over the years.
Interesting guy, game keeper,turned poacher!
https://youtu.be/MSdhijZ7Uz4?si=oio-_yBhTCf6BU0C
Fantasy Shark, just see it as charity work on my part. I see a lot of folk struggling with loneliness in the community these days.
Only virtually guaranteeing the takeover unless the Government stop it for any reason?
They've all been "on board" for months, even years?
Fantasy Sharks having a breakdown.
Shouting into the void. Even his one and only friend has stopped recommending his posts.
Sad really!
'many are desperate to accept this offer'
because they were seduced by the share price climb during Covid.
Buying at 500-450, even now a lot are underwater or at break even. Factor in inflation and it's horrific for some. So I can completely understand why they want to big up the deal, take the money and run!
Perhaps worth highlighting one para, from The Guardian article,
KÅ™etÃnský’s £3.5bn bid, improved from an earlier £3.1bn offer, has given added significance to a long-planned meeting between Seidenberg and the business secretary, Kemi Badenoch, on Thursday. Sources said the pair had planned to discuss the potential USO reforms, but the bid will now also be on the agenda.
Twice Ive not put the attachment on,
https://www.theguardian.com/business/article/2024/may/16/royal-mail-reform-not-take-place-before-general-election-ofcom
Hurtsparrow I read the same message and its not like Ofcom to drag their feet and wait until they are virtually forced into a decision. Perhaps waiting to see if any change in government will alter the regulatory regimes. It did say due to report this summer but no reform introduced till after GE until at least late 2024 or even possibly 25 so will have an impact on any potential savings, although I did expect any surplus to be used for QoS improvements and staff retention initiatives.
Just like the opinions on here analysts and commentators will have differing views. Comments from a report by Ian King Sky Business News today.
"Hurdles to be cleared
He should succeed in avoiding further scrutiny under the National Security and Investment Act since, as long ago as October 2022, it was accepted that there was no problem in him being a shareholder in IDS - and by extension Royal Mail - on national security grounds.
But the commitments he has made to the board of IDS will doubtless be something Ofcom - and maybe even the Competition & Markets Authority - will wish to study carefully.
Many of IDS's long-suffering investors, meanwhile, will be delighted. IDS shares have only traded at or above the 360p-a-share offered by Mr Kretinsky for 16 of the last 67 months and the last time they did so was in April 2022.
Many will doubtless jump at the chance to accept this offer".
Hmmm thanks for your response. Parts that I partially agree with. Anything delivered manually Drivers Licences, Passports have always been at risk from theft, I personally think cyber security is a much greater risk to data. Your points on community and iconic infrastructure don't IMO feel like a chronic risk for the nation but of course you are entitled to your opinion. Certainly in other parts of the country the community aspect of a dedicated local postie have been diluted and the infrastructure will in the main stay the same particularly for delivery although of course frequency may/will change.
I'm not sure re your point 4, who holds all names and addresses? It will be interesting to see how it develops in coming weeks/months.
Cheers
Yes it is You.