Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Brendyboy39, 20 Jun 2024 21:37
Last post: Redceo, Today 12:49
Letter delivery to homes and businesses has been achieved thus far on payment of postage stamps. However due to numerous reasons the Royal Mail has been running this service at a loss. It has also been fined for various reasons.
I. D. S. is a privately owned Company therefore this loss is borne by shareholders. The time has come to ensure the service is run efficiently and fully supported by postage fees which ensure its future.
The questions to be answered are :-
Is the current management capable of ensuring efficiency.
Are those who use the service prepared to pay for the changes needed.
Brendyboy, I presume by "mail" that you mean letters? So are you saying that nobody should or would be able to send a letter any more because none of the competition would be interested which would mean that there wouldn't be any letter deliveries if you had your way?.....
All these things are doing are just making it impossible for mail to be delivered get rid of mail and just do the profitable packets delivering mail costs almost £2million a day to the company it’s a joke
Started: OliGarch, 20 Jun 2024 20:41
Last post: DerekRocholl, 20 Jun 2024 20:54
Pretty sure this action will bite the dust on the basis that RM didn’t actually introduce the pricing structure in question. The more worrying case is Whistl’s.
I realise that this is a Guardian article, however it's out there......
https://www.theguardian.com/business/article/2024/jun/20/royal-mail-class-action-bulk-mail
Last post: Redceo, 20 Jun 2024 17:46
I will readily admit that this could go either way. However I have stated that I'm holding. I am in Profit here so could walk away with a smile.
My choice either way and I have chosen.
If you think you are getting £3.70 at share in a few months, remortgage your house and take a loan , 15 % profit in 6 months, go on back your confidence in the deal going through.
We could of course have an outcome where.
1. Government don't intervene.
2. The offer is voted down.
3. DK doesn't increase his offer.
Back to square one?
Think they both realised it was a waste of time!
Cannot work out personally Why price is not up to £3.40 minimum.
As this is not going to be stopped despite Unions and Staff grumblings......MONEY TALKS
Their dreams of Labour stopping the takeover really is clutching at straws they don't have the funds to stop the takeover and renationalise with all their other spending promises.
Simx, apologies...I meant to type Badenock.
Started: Brendyboy39, 12 Jun 2024 16:46
Last post: Brendyboy39, 12 Jun 2024 16:46
Red ceo spot on the sooner the better
Started: AirForce, 11 Jun 2024 19:12
Last post: DerekRocholl, 11 Jun 2024 21:45
Isle I don’t Whistl got compensation, Ofcom fined RM for anti competitive pricing proposals and the fine went to the Treasury.
As for competing on price with Whistl, RM would have to compete on the upstream price that Whistl add on to the DSA price they pay to Royal Mail Wholesale. For the largest letter contracts the upstream element is worth pennies with margins less than 1p per item. It wouldn’t be worth rebuilding the capability to do this.
@ mike1974
I'm sure that Whistl got some compensation a few years back. Clearly, in their solicitors eyes, it wasn't enough.
As for DSA, i still don't get it.
If Whistl can pick and process this mail so cheaply, why on earth can RM "NOT" do it cheaper. I think a poster here said RM make a profit on DSA. Well, why can't we make a bigger profit and take away Whistls collection and processing arm, by undercutting them? After all, it's competition. And that is what OFCOM want.
Absolutely insane that a business is allowed to operate as little more than a parasite and cherry pick the most profitable aspects of the mail delivery pipeline AND RM are then forced to offer them access to their delivery network on very generous terms under the DSA agreement... and yet that cherry picking parasite business can still try and claim they've been hard done to and treated unfairly!
10 June 2024 The Financial Times paper
Whistl boss warns Daniel Křetínský of its £600mn Royal Mail legal claim
Mail-sorting group’s case follows Ofcom’s findings of anti-competitive behaviour by the former state-run postal service.
Free to read it without the paywall
Click 'N' Read it---->>> https://archive.is/2024.06.11-050345/https://www.ft.com/content/11bf8c04-79c5-4c43-bb75-dc3505d36f65
https://www.ft.com/content/11bf8c04-79c5-4c43-bb75-dc3505d36f65
Started: Redceo, 10 Jun 2024 17:22
Last post: Redceo, 10 Jun 2024 17:22
Accepting whatever is in store for us? The realisation that there is little we can do to affect the outcome.
But that's how it has been for YEARS! Shorters or C.W.U etc.
Last post: Time2Kill, 8 Jun 2024 19:41
Do they have a choice given that DK as to make a bid later this month, the UK can't stop operating for a month whilst the election takes place.
I'm a bit confused. Apparently Badenock is meeting with Kretinsky this week to discuss his takeover plans however as Parliament has been dissolved then this would be at odds with protocol, unless the Tories are treating it as some kind of special event or emergency?
Started: Phunt73, 6 Jun 2024 17:37
Last post: Wolfbag2, 8 Jun 2024 18:21
Krish - You should be able to sell them whenever you want - Bidco have made an offer (380p equivalent all-in including 10p of divis) - that will need to be passed at an AGM and a date will then be set - this date will then be the final date - after which BIDCO will compulsoralily purchase everyones shares at the 380p set price and you will no longer be able to trade them. The share price will approach 380 and may exceed it if a better offer is made - or will probably get lower should the approach be rejected and BIDCO back out.
The message you got from investaccount was probably just to know what is going on.
Do NOT take anything I am saying as financial advice - refer to the any relevant RNSs (the last of which I think is https://www.lse.co.uk/rns/IDS/recommended-cash-offer-for-ids-plc-ycjimw7vyvavn6c.html ) and follow any further updates as they are publicised
360-390. Today I got a letter from invest account about you will receive 3.70 per every share. Is it means do I have to sell with deal or I can sell on my own? Can any one explain me regarding this, I am so confused. I want to sell them soon.
I want to sell my shares at
Bres1960, That's the way to do it, just let all your frustration out. At least you made a profit, there are others that will not.
sold out mine at £3.22 last month, and glad to be out of this abysmal **** of a company with a £22,600.00 profit.
the whole ids board are a bunch of corrupt paid up southern spivs, who have deliberately driven the company into to the ground, to then sell it off on the cheap at £3.60..
Started: Brendyboy39, 5 Jun 2024 19:28
Last post: DerekRocholl, 8 Jun 2024 12:35
JB I know, I used to work with the person who headed up the elections team, and a long while ago the person who had the job of vetting electoral address material was one of my team. I vividly remember the conversations he had with John Tyndall, which normally included the phrase “no you can’t” !
Redceo thanks for the article. As seems to be the case lots of links and major deals and sub companies etc etc. Always seems to be purposely confusing.
Typo derekR is correct it is....
Ispy apologies I thought you were talking about DSA not just poll cards. DerekR it is agreed nationally and a small team election control is usually set up to check delivery numbers, clearances etc as you can imagine it has quite a focus to ensure jiggery pokery and that all materials are delivered.
Ofcom that body that cant make a decision to save its self. I think they generally say the business should go away and try and make it work and improve service for the products covered under their remit. I am not sure of the wider view they have of the whole business. I think I would place more importance on the business views as now supported by CWU that change is needed.
I have seen hundreds of mangers do a decent job. Manage and get results.
Started: andybmckenzie, 7 Jun 2024 20:43
Last post: andybmckenzie, 7 Jun 2024 20:43
I wish everyone well with there there shares I’ve sold mine made 32per cent profit I’m outta here good luck.
Started: JBTHISTLE, 5 Jun 2024 17:08
Last post: Redceo, 7 Jun 2024 14:33
Quite a few volume sells going through. History repeating itself!
If the cameras aren't there, those that "play for the cameras" will probably be "otherwise engaged"
So many just like the sound of their own voices.
Let's just get it done and dusted!
DerekR I have read that the V meeting is being finalised now in a secret location in London with cameras and journalists outside lol. I believe the manifesto is due to be published next Thursday so not long to wait to see what reference if any is made to the potential deal.
SimX it’s pretty unlikely this issue is going to be done and dusted before 4 July, so DK is probably wasting his time with Badenoch (we can but hope !).
As for the Labour Party manifesto, it will be influenced heavily by the attendees at the Clause V meeting, and Ward will be wanting a pound of flesh for the support CWU give Labour. In addition to the cash CWU members are heavily represented in the activists who door knock and deliver leaflets to get the vote out. They are generally very good at it too.
Derek, would the possible takeover of IDS be important enough to get into the manifesto? Probably, but only because there are tens of thousands of CWU members working for them.
Also in the news is that kemi Badenoch has a meeting provisionally scheduled with Kretinsky in the middle of next week where they will hold talks.
Started: JBTHISTLE, 4 Jun 2024 18:13
Last post: JBTHISTLE, 6 Jun 2024 10:54
Time2Kill
I totally agree no one unless present knows what was said between DW/EP. Again I cant disagree that DW talks BS often but its kept him at the top of the CWU pyramid and he has done all right for himself. It obviously comes at a cost to members but some may argue that their money is being well spent. I recall looking at CWU accounts a while back and from memory was it something like £11m was spent on salaries and expenses. I am sure DW and the exec will be impressing on EP group how important the CWU are and need to work with them.
Problem is none of us know what DW said to EP in the meeting, he's talked a lot of bull in the past about RM senior management but still come to an agreement with them shafting most of it's employees.
Broch I never met Terry P but always thought he was trying to do good for the members as he saw it. I know he did have some health issues but I think his meeting with DK didn't go down well with the CWU exec and perhaps Terry could see the possible outcome and if they the CWU exec had followed his lead in opening up discussion with DK perhaps some pain could have been avoided and matters may have taken a different course. History now and hindsight but who knows.
Oli, having met Terry on a couple of occasions, I totally agree with what you say.
His work ethic and attention to detail combined with his pugnacious manner in dealing with senior management was the reason that the new pension scheme was pushed through. If it was left to RM they would just of opted for the basic workplace pension.
I'm sure there was a great sigh of relief from the board when it was announced that he had stood down due to health issues.
JB, Redceo, I totally agree with your statements. My own thoughts are that neither the CWU nor RM would be in their current positions if Terry Pullinger hadn't been taken I'll at the critical point of negotiations. In my opinion Dave Fraud is and will never be in the same league as Terry when it comes to negotiations.
Started: Brendyboy39, 5 Jun 2024 19:12
Last post: JBTHISTLE, 6 Jun 2024 10:28
Ispy most seem to accept that the current USO is an obstacle and in its current form is not commercially viable. Other than throwing even more resource at the National issue and making it even more loss making not sure what management can do. If you are talking about organisational things in your own office I cant comment.
@ simx
The biggest obstacle is not the USO, it's how it is implemented by the management.
Brendy, agreed, if he's knocked back by the II's he will probably bid higher. He's come too far to let a couple of hundred million £ derail things. An extra £200m would be enough to increase his bid to 400p, which would carry the vote. Still got to be vetted on National security grounds though.
If he is allowed to buy IDS the dynamic and who's calling the shots on the USO would change, and he could argue that the USO has to change because it is clearly putting the viability of the company in doubt. It would be impossible for ofcom to argue against that because it's evidently obvious the USO is the biggest obstacle to IDS making the profit it needs to in order to invest and modernise the company, which I believe he wants to do. I don't believe he wants to asset strip and make a fast buck, rather he wants RM to be making hundreds of million year on year to rival GLS. He's a smart guy, not a moron, got a foot in a dozen countries via GLS , and a successful business model with scope to scale up. He's a billionaire he's aiming to make more billions, and he see's GLS and RM as a big part of achieving that ambition.
Brendyboy, "he just bins the letters side of royal mail". What exactly do you mean? I realise that he is a ruthless billionaire but surely it wouldn't do his reputation any favours to make promises to the UK Government then go back on his word?
If he needs to bid higher surely he will and if he gets messed about with the USO surely he just bins the letters side of royal mail
Started: Brendyboy39, 5 Jun 2024 22:13
Last post: Brendyboy39, 5 Jun 2024 22:13
Simx spot on agree with you completely there
Last post: IsleworthSpy, 5 Jun 2024 21:40
@ Knoydarts.
Can you please post in English, instead of some made up slang.
Not all of us were brought up in Staines upon Thames. To reference your obvious hero, Ali G.
Heez loading up with massiff cash from institutions. It wont pass lol 😆. They will bottle out £ when heez found out. Chancer is binned ta ta .ofcom to play a card ? Won't happen for D K i believe hee is aware of this' its a game of poker face I m o
Started: Knoydarts, 5 Jun 2024 18:24
Last post: Knoydarts, 5 Jun 2024 18:24
Cannott see this going through .ofcom after election on u s o . D k ta ta chancer at 3.70 game changer in bound .Will be what it will be folks i m o.roll the 🎲
Well, for regulars on this board there is only one commentator.,..cue hounddog10
An interesting article from the Telegraph
https://www.telegraph.co.uk/business/2024/06/04/devastating-debt-bomb-lurking-inside-royal-mail-takeover/
Started: JBTHISTLE, 3 Jun 2024 09:58
Last post: Darbo, 3 Jun 2024 21:59
JB 'may be me getting tired '
Yes, I feel the exhaustion setting in here ... what a game soldiers!
Ispy maybe me getting tired but I truly don't get your first sentence "hence Qos would not be met"
Totally agree the government don't need to be involved with Ofcom decision but looks like me Ofcom are waiting for a steer. Mentioning the GE can only suggest a political implication IMO.
The business has said it would tackle improving service and for me that includes recruiting in the areas where it is most needed. Lets hope the service does improve.
Where is scamp? That dog was always my preferred voice from the front line
@ JBT
I assume OFCOM would like there to be no failures, as opposed to the constant ones in recent years. Hence, QoS would not be met.
If you read the proposal submitted by RM it clearly states that there would be no need to go to the government for approval. I have no idea why OFCOM have said after the GE.
It is well thought out. A six day service is provided at a uniform price. The vacancies will be filled through the reduction in routes, and not necessarily through recruitment. Meaning routes get bigger, thereby leading to as much failure in the USO as before. Unless of course, there is headroom to accomodate this growth in route size. I will remind you that RM have said that there will be between 7 & 9 thousand routes lost, with up to 1,000 VR packages.
Not forgetting, that everyone on delivery will have every other Saturday off. And, it protects my job, and all the other current employees in delivery. If i'm doing my time now and clearing, give me more, and i will fail.
Ispy surely that would make it even easier for Ofcom to make a decision if it was that clear that the proposals wouldn't make any difference to QoS. If it is purely Ofcom's decision why did they say they have to wait until after the GE if that has no impact/meaning. I am perhaps looking at this too simplistically. If the proposals are well thought out and intended to reduce spec and the business are committed to filling vacancies and improving QoS what is missing?
Perhaps you can see how it may work in your office but I dont get it.
Started: andybmckenzie, 3 Jun 2024 17:12
Last post: JBTHISTLE, 3 Jun 2024 21:56
Darbo the decision might be taken out of our hands. 11 years seems only like yesterday but hey ho whatever will be.....
Well..... I've now been around as a shareholder close to 11 years.. I am now 5p above my initial stake
Darbo have you taken the warning as it sounds like you don't want to be hanging around. I have said it is sensible to be careful at risky times like this.
JB - yes let's wait another 3 months for another false dawn as an ids shareholder.... Will the 2p dividend hold the attention of the market?
Darbo Yes
Last post: deshulme, 2 Jun 2024 17:32
Needs a 75% Yes vote.
Numnut, he only gets to buy if everyone agrees to the sale. Just say no when you get the vote.
Thanks for info. It seems a bit unfair to be forced to sell and be hit with a tax bill to boot. A billionair gets to buy shares at what seem to be a cheap price and 1000s of posties have to pay tax when they could have held for the long term! Cheers.
AbjectPerformer
Very broadly £30k of the £50k should be tax free. However, it appears that if some of it is in lieu of notice then that is subject to income tax and NI. See link below. I had remembered it as being somewhat simpler than that - a straight £30k allowance but perhaps the rules have changed.
There is also the matter of the £12,750 personal allowance. You should get a full year’s allowance even if not having worked for a full year. As the personal allowance in tax calculations for monthly salary payments assumes working for a full year (so is spread over 12 months) if you do no further work it is likely tax will have been overpaid on the £25k earned.
Can’t easily see you having to pay at 40%.
Just very general comments. Probably best to ask your HR department. They can do something useful for once.
https://www.gov.uk/redundancy-your-rights/tax-and-national-insurance
AbjectPerformer, I assume that you are asking as a RM employee?
If you have been paid £25k then this will be logged as earnings so far for the year by HMRC. If you are taking IHR then a certain amount of your payment may be tax free but you should get a breakdown from HR and it will give you your options. If it's a pension lump sum then RMSPS or RMPP will give you a breakdown and your options.
Started: IsleworthSpy, 1 Jun 2024 18:39
Last post: Redceo, 2 Jun 2024 12:23
In depth and interesting https://www.ft.com/content/a2ba075d-7160-4f8a-818b-8dd32f82aa5a
In depth and interesting https://www.ft.com/content/a2ba075d-7160-4f8a-818b-8dd32f82aa5a
'In a rare interview, with Bloomberg TV, Mr Kretinsky said: 'The rules for the universal service obligation in the UK are the most strict and the most rigid in the whole of Europe... that has created the situation where Royal Mail has started
to lag behind the competition.'
Pure business-speak.
Redceo - the biggest shareholder battle is yet to come(thanks Vince!)
Scroll down to the video
Started: Hounddog10, 2 Jun 2024 12:07
Last post: Hounddog10, 2 Jun 2024 12:07
Another Times article. Kretinsky clearly doing the press rounds. Not much new to say. Emphasis on the £400m investment for out-of-home. He is meeting Dave & Co next week and seems to think (or say) he is on the same page as them in terms of investing in the business. I fear he will be sorely disappointed. I am not sure he fully appreciates their visceral hatred of capitalism and shareholders. They will see investment in out-of-home as meaning less jobs which, in the longer term, is right. However, I don’t think posties need to be too worried because, short term, there are enough jobs to go around iand QoS needs to be improved. RM can largely downsize jobs through natural attrition which is at least 10% per year. However, for the CWU it will mean the loss of those vital subs.
One interesting point in the article is that in a survey by Retail Economics of those aged under 45 75% see a locker as their preferred choice for delivery or returning goods.
https://www.thetimes.co.uk/article/daniel-kretinsky-royal-mail-takeover-interview-c7v5w8wfh
PP. "Hi Red. I think £3.70 is far too cheap and will be voting NO"
Yes, we're in agreement there. We have fought too many battles here to be forced out by "moneybags" Of course he wants it all but it's no different to DW's mouthing off and threatening whatever.
The "Thin Red Line" is alive and kicking.
Hi Red. I think £3.70 is far too cheap and will be voting no.
Download Free App
IN A RUSH
FTSE 100 LIVE: THE LATEST UPDATES FROM THE CITY OF LONDON
THURSDAY 30 MAY 2024 9:00 AM
The City is underpricing how likely a Kretinsky-owned Royal Mail is
By:Andy Silvester
Share
British post for British doors, then, even if it arrives three days late? That certainly seems to be the Square Mile’s assumption, with shares in Royal Mail owner IDS only nibbling up 4 per cent or so yesterday despite news of a bid far north of its existing price. The working theory is that Daniel Kretinsky’s bid won’t get past regulators or government. We aren’t so sure.
The investment case at IDS is fairly straightforward. One part of its business, delivering parcels, makes a bucketload of money and is widely understood to be on its way to greater growth.
The second part of its business, Royal Mail, is obliged to drop off letters to 20-million plus households six days a week, just as letter volumes fall off a cliff. Unsurprisingly, the finances of this second bit are in notably less healthy shape.
Kretinsky’s bet is twofold: one, he can make the first bit more profitable, and two, that eventually regulators will release some of the grip it has on the Royal Mail, and allow it to turn into a business that whilst unlikely to rake it in for decades to come is at least not a dead-weight on IDS’ growth at large. The City is betting, seemingly, that he won’t get anywhere near either of those tables, and that government will block the deal.
Started: Knoydarts, 31 May 2024 16:56
Last post: Knoydarts, 31 May 2024 16:56
Very busy Derek and no election material as yet
Started: Brendyboy39, 31 May 2024 16:41
Last post: Brendyboy39, 31 May 2024 16:41
Delivery is indeed very busy no election material has come through as of yet but no doubt it will start next week tons of leaflets full of false promises lol 😂