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In a multi hub network every hub has to run a full trunker service to every other hub. If the number of hubs is not reducing then transport costs increase considerably and efficiency plummits i.e unit cost increases.Every item(parcel) has to be sorted twice at the hubs. None of all this double handling and transporting adds any value.
Scampthedog, as I understand the situation, NWDC in Mill Street will be relocating to the new Warrington hub, however Warrington Mail Centre in Orion Boulevard is staying.
Can only assume what I have been told is wrong then, OliGarch. I was told by two people (one of them a union rep) that the plan is to shut several depots in the Northern part of England alone. I know for a fact that Warrington Mail Centre is shutting down...the land is to be sold off for housing development.
Sorting offices in Stockport and Manchester have already been told overtime will cease shortly,and due to the new hubs a lot of the work load will now be done by Warrington ect…streamlining well under way,those not working to hard will now be easily seen.
Marshall Wace LLP 0.91% 0.10% 2 Feb 2022
WorldQuant LLC 0.52% 0.03% 8 Feb 2022
Total 1.43%
Millenium back to 0.48%
Scampthedog, I read your posts on the new Warrington hub and was quite concerned when you mentioned "I believe staff from mail centres that are closing down in Preston, Chester and Manchester (those whom have not opted for V.R that is) will also be making up the numbers".
I have contacted a colleague in Preston this morning and he has assured me that neither Preston, Chester or Manchester Mail Centres will be closing and the new Warrington hub will be taking approximately eighteen percent of parcels from each of these Mail Centres in order to ease the load.
When the new hubs are up and running will the total number of hubs in the network be more, less or the same as now?
Thanks for the update Scouser and welcome.
I work at Warrington North West Hub the new parcel machine is ready to start up in april
If you are just looking at the operational advantages of any large Hub then the advantages speak for themselves regarding greatly reducing running costs and efficiency.
1,. Large concentrations of people in one building instead of several or several dozen dozen buildings...massive savings on utilities and keeping the buildings in a state of repair; also, some of those former Mail Centres will be sold off...millions upon millions of pounds of money going into RMG coffers.
2. Standardizing processing: the machine will dictate the speed at which the mail is processed...not the staff. Anyone who does not comply with the operational requirements when working as an operative on the processing can be expected to eventually be conducted. You will all be compelled to work at the same rate...whether you like it or not.
3. The obvious advantages of mechanization: items will be scanned and processed at a far faster rate.
4. Missort's will become almost completely eliminated.
As for Warrington Hub in itself.
1.Central to the whole country.
2. Easy access to many Motorways.
3. Warrington town squats right on the A49.
4. Main West coast rail line runs right into the Royal Mail's Warrington Rail Terminal.
5. Royal Mail's new Daventry Hub (could be operational by Christmas) has its own rail siding on the West coast line...obviously connecting the two Hubs...eventually this will be an added extra great advantage.
6. The West coast line will not only directly link Warrington and Daventry, but will provide a direct link all the way through from P.R.D.C -- Daventry -- Warrington -- Glasgow.
The main East coast rail line needs mentioning also. I believe Royal Mails Rail Terminal at Newcastle has been recently cleaned out and spruced up. Rumor has it that the First-Class Edinburgh mail, instead of going up to Glasgow with the Glasgow mail via Warrington, is going to be directed onto the East coast line...this make sense, as instead of hauling the Edinburgh/Aberdeen mail from Glasgow by road it could go directly up to Edinburgh, and then straight onto Aberdeen, on this East coast rail line.
Lots of things will be coming up for consideration regarding the network's pipeline over the next 12 months I suspect. Lots of new, exciting possibilities for RMG.
One other thing: Royal Mail uses electric trains...the more mail that they put onto the rail track...the greater they reduce their carbon footprint. The inner city toil charges are going to cost RMG millions in the very near future...that is why they are starting to invest so heavily in electric vehicles.
much under present price. As long as RMG keep buying back its own shares and trashing them then the s.p should trade within a certain range...as indeed it has done so over the last several weeks. Perhaps if the collective short position was increased to somewhere above 3%, then it may well be a case for concern...but not at present levels.
Let us also not forget the "joker-in-the-pack": Mr Kretinsky. It looks as if he is in this for the long-term...as I have always suspected. He will most likely buy on any weakness. And why not. If he keeps buying and RMG keep trashing...then his position just keeps increasing in strength. I have always believed that it was not totally out of the question that he may consider the idea of a takeover bid if the chance presents itself. If Royal Mail throw another two hundred million at buying back even more shares in the next financial year (as I myself hope they so do) it will in fact (as long as he, Kretinsky, keeps on buying,) just increase the odds he might just fancy a shot at doing just that. At the very least: if Royal Mail keep on buying back and he keeps on accumulating...it just further increases his already considerable grip upon the business. I can just imagine those emails arriving with increasing regularity: "Mr Kretinsky suggests...". Lol. In all seriousness...I am prepared to bet this is not much removed from actual reality.
Warrington Hub. Looks like the hub will be online come May. The machine is fully installed and just about ready to go...it is absolutely immense! I have stood on one of the central spanning bridges and looked down and over it -- quite incredible! There is one serious logistical problem (which I won't discuss here) ...but it will be resolved. The cross-docking operation is now in full swing with more and more mail being diverted there. The staff have been selected and in a couple of weeks from now the duties and shifts will be duly allocated; I believe staff from mail centres that are closing down in Preston, Chester and Manchester (those whom have not opted for V.R that is) will also be making up the numbers.
If the operation there does begin at the proposed start of May it should, when the final year's results are announced later that month, have a positive impact and help bolster up the share price. One could reasonably hope anyway.
I bought in at 424.10 yesterday
For WHEN! it rockets.
438.00 17/11/21
512.80 22/11/21
@CHRI55: "Also if @Cane is interested, she's a good un"
Yeah mate, I'm already in here, though only a small position - underwater atm and hanging back until I see the the shorts decrease or the downward trend broken.
I just bought the ones I sold at 444 back.
423.00 GBX -99.80 (-19.08%)year to date
16 Feb, 14:53
So what is your point? There could come a time when the SP drops to 124.00 as it did before.
The point is that it will also increase when it's ready to 580.00. Whatever your average you will be making money. Buy, sell, whatever. Just make your own decisions based on your personal circumstances. Don't allow yourselves to be intimidated by those who visit here to create fear.
the way is going i would be able to buy back at £4 soon , nice
Also, this is the largest so far another good sign.
15 February 2022 RMG purchased a total 1,390,824 of own shares
Oli. Thanks yes 0.49% good news indeed.
It looks like Millennium Capital have slipped below the 0.5% reporting threshold again. Hopefully this is a good omen?
Cheers so about £100 mill too go happy days
£200 Million just looked it up can we tallow much has been spent up until now ?
How many shares are they going to buy back can you remind me please
14 February 2022 it had purchased a total 1,267,735 of its ordinary shares, volume increasing. Better for us, worse for shorters. What a shame.