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@ simx.
""""Everything that has happened thus far that is in the public realm is as he anticipated,""""
Would this include when he publicly stated that he had no intention of making a takeover bid for IDS? Shortly after he was allowed to up his stake beyond 25% with full agreement from NS & I?
His lies didn't last long, did they. And because of these lies, N S & I will not allow him or his affiliated companies, to take over IDS.
Just my opinion, and it certainly will not stop him from making another bid.
Isle, Kretinsky really wants to own IDS. Everything that has happened thus far that is in the public realm is as he anticipated, he hasn't given up, just playing his own game.
LDB, I think if Kretinsky was to pull a stunt like that the Govt. would take a serious look at his behaviour and question whether he is a fit and proper person, and if he can be trusted to own a company listed as being important for our National security.
You’re going in the green bin as I can’t understand you.
The current pension overflow that legally the owner of RM can take stands at 1.4 BILLION
If Mr K has or is in the process of obtaining 50% of the shares in the background, he can then buy all of RM shares at the current market value.
@ Simx.
Daniel may actually be waiting until the last minute, so the price drops, and he can be put in a higher bid than 320p, but lower than what he, and the board, actually value the company at.
I'll also assume that the OFCOM review will be released post 15th May. I cannot find a date for this. Daniel would not want this info released before he has made a further bid, surely? Assumptions again, but a man of his calibre, would surely have some sort of insight into this review.
Or maybe, he is quietly selling his shares. He's made his money here, unlike some.
I could be wrong on all counts though.
I'd love to know what Kretensky's been doing since his initial bid was rejected. The clocks running down and almost half of his allotted time has been used up. We know he will have done all due diligence before he made his offer. He's also extremely serious about owning IDS and has spent around £1 billion positioning himself and made his bid when:
IDS market valuation close to historical lows; GLS consistently profitable (£350 million p.a); R.M. becoming increasingly competitive; CWU far more compliant, finally realising strikes don't make the brutality of competition go away; R.M results will be good, market valuation of IDS will reflect this and will increase; U.K economic outlook improving , with interest rate cuts anticipated in the not too distant future.
Kretinsky knew all of these things at the outset of his offer, which he knew would be rejected. He also knew what his next offer would be and it was already financed when he made the first offer.
He will have been searching for allies amongst institutional investors, but this could be a game of brinksmanship that may go all the way to the wire.
To too two I have my pound land specs on not picking faults on spelling lol .Im just putting my view on I d s too this chatty board.Martin seidenberg seems too have a grip on the way forward at I d s after simone Thomson done a hatchet job on CWU And us at Royal mail it was brutal dragged screaming out the cave.Now seems too me that jobs almost complete Offcomm cwu and labour in the same room post man porche.
It’s not “too”, it’s “to”! Too means also.
Dig deep D k - vesa there (must) be a dark horse .BIG prize too be got surely I m o .Trust the board too do the right thing for shareholders. What ever happens 31/5 24 cannot see this below current value. Its game on folks last 6 months weather's been an online boom (uk) 💥
Not a chance ketchinsky just walks away here not in a million years a company on the turn going cheap and asset rich land owned and pension surpluses alone are astronomical
Once a bid is declared, is that allowed buying through third party
There is a strong possibility that he is buying more shares at this moment of time via a 3rd party.
Imho for him to walk away it be a slow process because of the volume of shares he owns and him keeping the share price up.
RM (just like the water companies did) have some real plum property assets. Compbinded with a good pension fund and that redundancies are always funded, thats why the CWU are running scared and gven in on saturday collections going. With everything sent by email these days, its only things like car registrations etc that need to go by mail. The question is will he up his offer or walk away before the 15th May?
Just got back from a round of golf with my ex manager at Royal Mail who still works there told him I’d bought 20k of shares last week on the strength of DK bid and I was expecting the result to be good next month. Now the only shares this manager has are the free ones he got at the IPO he said he new about DK bid but he said I don’t know what that means for the share price but I do know the results will be good because I’ve been told I will get my bonus. Now weather that means his office have hit there target or it’s nationwide I forgot to ask has was to busy concentrating on the golf .
Ironknut - I wouldn't go quite as far as wishing you dead but you are quite correct that your very particular and niche wishes and demands are irrelevant and not worth consideration... and a modern business shouldn't be expected to maintain an inefficient, costly and burdensome anachronism of a service obligation to accommodate your particular demands.
I've also been informed that another area where RM has hidden assets is a one billion pound surplus in its new pension fund. I have been told that Posties are fully aware of this vulnerability of a new owner coming in and taking this surplus. So Posties with shares probably won't be willing to take a small profit if they believe their pension pot could be taken, which has happened in other companies.
I've also been informed that another area where RM has hidden assets is a one billion pound surplus in its new pension fund. I have been told that Posties are fully aware of this vulnerability of a new owner coming in and taking this surplus. So Posties with shares probably won't be willing to take a small profit if they believe their pension pot could be taken, which has happened in other companies.
Take issue with mike1974.Many people value their postal delivery. Indeed i am angry that already the post where i live only gets delivered 4 or 5 days a week.. I receive magazines and Newspapers not deliverable locally. These now arrive several days late or indeed not at all. No doubt mike wishes people like me to be dead as we are not worth any consideration.
Meanwhile IDS continue to fail in their contractual responsibilities. Fewer letters and no profit in delivering them so make the service inept to discourage letters being sent.
I have asked about this, and from what I understand where RM has a large property portfolio still is not the sorting offices or hubs even though RM still owns some of these, but the delivery offices. These delivery offices needed to be local and numerous due to the use of bicycles. I have been led to believe a policy of building larger out of town delivery offices to combine the smaller ones that are/will be sold off. This, I believe, is happening now in Brighton. Some of these delivery offices are located in highly sought-after locations with high land value
Sid ‐ I'd guess the tories are attempting to appeal to the grey vote with their stubbornness to allow change and reform of RM and the USO.
If shows just how out of touch the tories are with reality.. most pensioners these days are up to speed with digital communication and couldn't care less about letter delivery, in fact pensioners are the biggest complainants when it comes to unsolicited junk mail.
Nicktims, sadly , the RM property portfolio is not what it was pre privatisation as some of the more lucrative property was either sold or sold and leased back by the business under Moya Greene's tenure although I would still expect it to be a sizable amount.
Thought this would be a bit perkier this morning, between news of Chuka Umunna being drafted in to lobby, and the unions giving in. Whichever way this goes now is good for IDS shareholders.
I assume it's just traders getting bored because they haven't made 20% in a weekend.