Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Oli. I had assumed overtime rates were basic + premium.
As they say never ass-u-me.
Overtime rates are low so staff get a better basic pay and pay more into their pension.
Looking at the share it hit 368.50 twice in 2 days. Now on it's way up to over 600.00p by end of the year. A good investment here. Not like some of the terrible stocks in All Share. Stick with this .
Redceo, I would agree with you if the overtime multipliers were decent but the truth is that they are barely above basic rate for some grades and actually below basic rate for others. This is done to deliberately discourage overtime.
Overtime has traditionally been on offer as a way of providing the business with flexibility when necessary without the need to employ additional staff and/or agency staff.
On the subject of Sunday working, both the business and union are committed to providing a Sunday parcel delivery service (initially on a voluntary basis) but going forward this is a flawed business model as it would rely upon staff agreeing to perform overtime. The more obvious way would to make every day a working day and incorporate the Sunday duties into the working week but that would mean employing more staff so either way it's going to cost the business more to achieve this.
Oli…as I said,they have been given notice,all over time not to be booked,yes,open on a Sunday…I will ask next time iam in if the Sunday workings are to become part of the working week.
Running a Company on overtime rates isn't ideal either.
So, presumably the Stockport depot isn't operational on a Sunday?
How does no overtime work?
Is that employees just working to time and then cutting off ? What a way to run the company?
Oli.
No overtime to be booked is also about to come in at the Stockport depot…advance warning was given weeks ago.
SST, "staff being asked not to book overtime?"
Where did you get that from? It's certainly not the case in my office at the moment.
Anyway, I'm pretty sure that if staff aren't booking overtime then they are certainly not doing any extra hours as a charitable donation.....lol
It is possible these have hit the low. As for mail volumes etc , they are massive and staff being asked not to book overtime etc . Believe me this is only going up New Hubs nearly operational and Photo Capture on delivery will bring in even more business. Also getting rid of 700+ managers . Get some at this low. 4 pound by end of next week.
Im adding again at 350p.
Im looking at 1-2 year hold, so short term dips is great news for me... GLA
Unfortunately, plenty of time for it to drop more.
Don't think my 1000 share buy caused that spike tho!
Bought a few more myself at 369p.
I have added more on the way down
...bought at £3.70.
Can see it falling further...but will buy all the way down. And all the way back up again.
Good luck to every one. And a special good luck to those gutsy Ukrainians. Long live democracy!!
£350 is bargain of the year...
The only bounce is down. Can see £3 coming soon
Bought a few at £3.74.
Looks to have great prospects. lots of positives including the 3 hubs and a huge shareholder. Slight concern about fuel cost and wage rises but Im sure RM will manage these.
The No 1 Delivery company in the UK for £3.75.....
Good Luck all and hopefully peace soon for all in Ukraine...
Thought there would be a bounce at these levels, going to hold on for my top up..
Had a top up this morning .brings my average down
Horrific news. Thoughts with innocent men, women and children of Ukraine.
I bought some more today.
In terms of revenue (actual) as the test programme (free) is due to continue until the end of March then the full year results will show cash based on the full testing income, the drop will probably show in Q1 21/32 or half year results, don't know the exact number of tests and how much RM charged for these, however, this will imo be a significant amount, the impact should be explained in the details contained in the published results in May, unless a profit warning/announcement in made in advance of the full year results?
OliGarch, had a look and agree that the scheme is well funded. Can't have everything I suppose but I see that they forecast an annual slug of £400 m or so on an ongoing basis to the scheme. That's quite a big proportion of annual earnings but so be it. At least it's a well defined liability - so hopefully no Rumsfeld knowns / unknowns.