The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
anger there is nothing new to say to you... as you are a small-time investor trying to make a few quid on others trying to fight for their living..... and to be fair you are not very good at it my little man....
i think Mr. Thompson has just blew his last chance to salvage an agreement before he walks away with his big fat bonus....
No progress made in todays meeting.
Earnings will drag this under £1.50 like I said
Probably because the job has become unrealistic in many ways. Posties take on more and more in less hours. No wonder it gets unreliable and patchy. Something has to give lol.
Time2kill, if the posties want to commit financial suicide let them get on with it. The service over the past couple of years in my part of the world has become unreliable and patchy so opening up the service to competitors to offer a better quality service might be a good thing for consumers....
The view from posties on RM chat is there's a good chance this weekend's strikes could be called off, if the talks are positive rather than Simon Thompson with no improved offers. There's no way RM can afford to loose all the Amazon etc deliveries generated by Black Friday.
The current Tory Government were all cabinet member's who in 2014; all supported the American Neo-Con's and NATO's involvement in the Ukraine and Kiev during the illegal coup. They also since 2014 both openly financed, armed and supported the Ukrainian military against the Donbass, Lughansk and the Russian Federation.
So yes they have caused the current economic mire the UK is currently in, as they couldn't keep their noses out of the UKraine. And once again the British public, are suffering from another of their now legendary unending ****-ups!!
From
The Communication Workers Union
"Royal Mail Group CEO Simon Thompson has responded to CWU General Secretary Dave Ward's letter offering talks. A meeting will now take place tomorrow. Dave Ward and Andy Furey will attend on behalf of the CWU.
We will of course update you on all developments but reps and members should continue preparations for strike action on Friday and Saturday #Stand By YourPost"
So you believe UK inflation is currently at 5%? It is not at 5% or 10%; it is currently around 15% when you take into account everyday item's including rent's, housing, labour, energy etc. You know all the item's that are not currently included in the Tory Plebs, so called UK 'headline Inflation rate.' 5%
5% UK inflation rate, f#cking hilirous.
Apparently city traders have a new nickname for Liz Truss. She is "Daggers" as it is two stops up from Barking! LOL
@Oligarch - wait for a double bottom ))
Newsflash - Bank of England invents new way to stabile markets without quantetive easing or interst rate rise..... you cant make this up haha
On the subject of bouncing back, I reckon that this may finish in the blue today? IMHO of course.....
It seems that there is no way back for the UK economy in general also, doesn't it? With UK inflation at over 15% and rising, UK worker's have a legal right under the law, not only to strike for better pay and conditions, also to maintain their current condition's.
It you want to blame anyone for this absolute fiasco blame the current Royal Mail board of director's who gave out a 20p special dividend in January? And also the current Tory Government Plebs who have decimated UK industry, both borrowed and printed money that is now fueling UK inflation of 15%?
And you no dought both supported RM boards divi spree, and the Tory Gob****es who have now driven the UK into the ground..
I have mentioned several times about having a plan…well last week r/m mentioned ACAS..I suggested it was another tick in the box of to do things to get where they want to be.
Now it does look like the union have dismissed the suggestion of going to ACAS.
In my opinion the fact that nnnn 19 strikes have been put forward….could it yet be another epic fail of the union…imagine r/m at some point,but not just yet…so as to push the strikes as further down the line as possible …so that k can finalise his finer details if/when he gets the nod…and all ducks are aligned…then go to court claiming that all avenues have not been exhausted…thus strikes cancelled,and probably if r/m times it correctly…till after Xmas…
By this time k and r/m should be ready to go into kill mode..just a thought:-)
you will be surprised how low a share can go and spring back, taylor wimpey went to 5p, i bought at 10p back then and have held them ever since, ive had some crazy divis in that time and its been as high as £2.40 since, RMG is solid company with to many big guns in it to fail, worst case it gets bought out at discount so i will buying more when i see bottom.
ATB ND
By my reckoning 30 working day review period of VESA under National security Investment act has got less than a fortnight to be completed. When Kretinsky set out on his stake building quest in RMG he will have had a target price for the 30% of the company he can buy on the market before he has to make an offer for the company. I believe he will get the go ahead and the current turmoil in the company means he is probably going to be able to buy the company more cheaply than he initially planned, giving him a contingency fund. He will target the expensive USO and reduce the number of mail delivery days per week. Declining letter volumes and CWU are creating the conditions to give him the leverage to make strong coherent arguments to reduce the USO. There will be a reduction in employees as he streamlines the business, probably through natural wastage, thereby reducing redundancy payments. The money he will save buying RMG compared to what he expected to have to pay will effectively insulate him financially from industrial unrest for a long period of time.
RMG is currently a basket case with huge potential and has invested a lot of cash in new parcel hubs but the work force needs to be placated and brought back on side. If he does buy RMG he will make an absolute killing and this chat board will be over.
Exactly @NEWDEALS.
I held one stock during the time of the financial crisis and it was a stock I only held because they were free shares given to me as an employee.
When I originally received them, I sold half of them @250 as it was effectively free money, only to watch them rise to @320. I have held them ever since, and subsequent to the financial crisis on 2009 they traded in the low @70's during the Euro crisis of 2011 to over @400 just before covid hit.
These type of boards are full of rampers / de-rampers and plant's from various institutions with the sole purpose of creating fear or FOMO.
Always DYOR and stand by your convictions because as I said earlier, lot's of people on here have called the drop down perfectly but very few have traded it.
Today I have my best trading day in a long-time and if the price dips into the 170's again and rises back to 188-190 I will effectively be b/e.
GLA I'm off to touch some grass.
BOE stepped in a few minutes ago by buying bonds
RMG will be back dont worry guys, having traded through 2008 financial crisis ive seen worse believe me, these shorts will close and it will spring back up in no time, as they say buy when 'fear' is in the market, fill your boots time ;-)
BOE needed to step in here, otherwise the Algo's were going to crash the market and economy in the process.
11am auction price action on level 2 was fierce.
Short - 188 - long - 178 was the market makers move today.
ABC.
I think it is really the end for Royal Mail. The unions are not helping and as mentioned these strikes could lose the company another £400 million on top of the £1 million they are losing each day. Absolute chaos
They will have to put something out. Not least on profit outlook. Last guidance was that RM would be “materially loss making”. Not sure that is harsh enough now. If the strikes cost £25m per day and there are 9 full strikes and ten mini ones I would imagine that could be £300m -£400m of extra losses if they go ahead. Some customers will go permanently.
In some ways it is good that the CWU are crystallising matters. Better to have the fight now rather than RM limp on with escalating losses.
Dropping like a stone. No way back for RMG IMHO By striking the workers have sealed their own fate.