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Oh ever buys Royal mail, I hope they bleed it dry like Thames water.
I am sick to death of signing for parcel for less than £10.
Why can't they take a picture of it, like Amazon.
It’s the person who sent the item who wants it signed for as their proof it’s been received.
Steve, "Oh ever buys Royal mail, I hope they bleed it dry like Thames water."
That's a strange comment to make. So you would rather a foreign investor asset stripped yet another UK business and left it on it's knees for the UK taxpayer (that's you and me) to pick up the tab?..….Oh, and when the UK taxpayer has bailed it out it will then be sold to another foreign investor to rinse and repeat.
Oligarch that's quite a projection. So DK is investing billions in a business and will have to give assurances around infrastructure, jobs, service levels etc but you think he will asset strip? what do you have in mind, delivery offices? Mail Centres, machinery, vehicles? Then you see the business being gifted back to the tax payer, its rebuilt then privatised again. Wow. I cant see that personally. Having said that you are still happy to stay invested?
The UK taxpayer won't be picking up any tab, the letter industry will be gone within a few years.
Ofcom delay to implement modifications to the universal service is only speeding up its demise due to political control.
TMS I try to be rational and fair. I am quite happy to debate and either agree or not. I manage to wind up my wife and a few others so no need for me to do it to people I don't know or likely to meet, no matter how daft IMO their comments may be. It takes all sorts as I found in my nearly 40 years in the business.
When the banks utilities companies NHS and government including local move call ommunications to on line the letter part of RM will disappear. The NHs said they were moving communications to on line 4 years ago. Banks and utilities are down by two thirds.
TMS I would reject at this stage as I think it undervalues the business currently and I agree with you if DK get it at this price he will be well happy. I had £4 as my acceptable level. If it goes through I wont lose any sleep as I've said numerous times the business and my share holding here owes me nothing in the broader sense. I still have many good friends and ex colleagues in the business and want it to succeed whoever owns it.
I only hold a couple of other shares but think I will cash those in as well if this goes through and move on to other ventures.
GLS and Royal Mail will be split, Royal Mail will be allowed to fail until changes are made to USO. If no changes are made the company goes into administration with a view to asset stripping. Then the govt comes in and buys Royal Mail, subsidises the company or changes the USO requirements.
Of course the only real way to get any political change with regards to companies being asset stripped is for them to be kept in public ownership. And that only happens if people vote for a radical left or Marxist parties. If there’s one lesson I can take from history - only the real threat of radical change will make the centre ground of politics willing to implement changes which benefit the whole of society.
Sean,
La Poste in France is effectively 100% state owned and is a highly successful international business - including DPD which in my experience is the best parcel delivery business in the UK.
It doesn’t have to be radical or Marxist - it just requires a political will which the French have and successive British Governments don’t seem to.
Hmmm the last financial year Royal Mail was state owned it made over 300 million pounds profit which was over 10 years ago so privatisation isn’t always the answer. And the business was never being fined for not hitting it 1st class and 2nd class delivery
The privatisation of the water companies is showing how poor the decision to privatise actually was. I mean, when the bedrock of the whole system, the banks, require public money (communism for the banks, capitalism for everyone else) to stay afloat you know there’s something wrong. Alas, some people are blinkered into believing everything is better in private hands. And venture capitalists are the worst for tax avoidance and asset stripping.
TMS the letters may have halved but the parcels have gone through the roof I retired a year ago and I was at RM when it was privatised and when I left we were delivering 5 times the amount of parcels in 2023 then we were in 2013 and you being an investor in this stock will know parcels are where the money is and not the letters
JB, I think that you misread my post from 11:08. I was responding to a post from steve196 at 07:41 and was in total disagreement with steve196, so no, I don't think that DK will asset stripped the business as steve196 would like him to.....
"steve196. Posts: 2,062. Price: 322.00. No Opinion
Bleed DryToday 07:41
Oh ever buys Royal mail, I hope they bleed it dry like Thames water.
I am sick to death of signing for parcel for less than £10.
Why can't they take a picture of it, like Amazon."
Oligarch my apologies I have misread it and misinterpreted it. Sorry.
When the utilities were privatised, the great unwashed were told by the UK Government that privatisation would drive standards and quality up whilst the free market would drive costs down however when it comes to water you cannot choose your provider so you are fooked.
Didn't Cable say that about RM as well and now he is saying that the business has been mismanaged?.....lol
Sean989, I'm not sure what measures are in place to stop DK from asset stripping and splitting GLS off despite giving assurances that he wouldn't however one would hope that he wouldn't go down that route having parted with a considerable wedge?
@ Oli G.
Daniel also said a short while ago, that he would not be putting in a bid for IDS. And we know how that has panned out. Any assurances from Daniel, and i believe there have been some already regarding "job security", should fall on deaf ears. I don't believe him, nor should anyone within RM. The white collar workers must be shaking in their boots.
Or maybe, they'll give them all VR, and then re-employ them. A master stroke from our former leader, the Thompson Twit.
Royal mail is going backwards, not forward like Amazon.
Royal mail is old fashioned and until it's changed.
Depending on the workers, they will always go on strike if they change things.
Email has taken over, there no need for letters anymore.
As far as I'm concerned royal mail is finished.
steve196, you come across as a bitter with rm. is your average higher than 370p perchance?
so, what's to be done with the seven billion letters posted annually? that's a lot of shredding, recycling and landfill. incidentally, back of a *** packet calculation, seven billion letters for a population of seventy(ish) million people equates to a hundred letters per man, women and child in the uk annually and that doesn't include the door to door pizza flyers. which courier would you like the uk government to appoint to deliver these items? i'm not sure that amazon and dpd are really interested?
What letters, it's junk
Just advent.
Beside I'm not invested here.
I'm just frustrated by not receiving my parcels.
Steve" As far as I'm concerned royal mail is finished.
Well if DK gets hold of the Company your prediction may well come to fruition. TBH it's not likely that expressing such opinions here will change anything.
Hey Steve Just phone Amazon, give 'em your bank details and they will send you some.