Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Looks like the company are anticipating a SP increase. Circa 2,000,000 of stock purchased in two days at these LOW!!!! prices.
Personally think this is very good news.
First no more update.
Second the union on board with change.
Thirdly the next update should be more positive,with managers gone,staffing better,automization to be updated…gives breathing space.
Thanks Marty that is disappointing, I was hoping we would get more detail on Christmas performance also poor that they didn't take it off the investor page until today. At least we have started the week in positive territory.
The update for 10th Feb no longer shows on the RM investor news pages, looks like the update 2 weeks ago was the update and this was advanced to fit in with the 700 manager reduction which RM had to disclose once the decision had meet made.
Mike "It is peculiar how certain posters, both old friends and new, only contribute to the RMG discussion here when the shorts are active"
Mike, perhaps your question is answered by my earlier post ;-)
Sit back everyone, read their comments if you wish. Then allow yourselves a little smile that reinforces the realization that you know what their game is.
It is peculiar how certain posters, both old friends and new, only contribute to the RMG discussion here when the shorts are active...
Quality statement
Chris's no one cares about your opinion as you is stupid
On a lighter note. Anyone know if it will rain today. ?
Usually is the case that "least said soonest mended"
Sit back everyone, read their comments if you wish. Then allow yourselves a little smile that reinforces the realization that you know what their game is.
We shall return to the highs. At which point I will probably recommend caution again. Unless of course the figures are speaking for themselves and we are looking forward to new highs.
Yes, a feeling of having already experienced the present situation.
Not only the SP fluctuations but the tone of conversation and new members appearing with evidence of an agenda.
Keep calm everyone. No matter what turbulence the SP will return to previous highs.
Great to see a joint message going out about getting service levels back to where they should be. I would expect that the business has been in regular contact with Ofcom and and advised of sick levels and until we are back to more normal levels (if avge is 8% I would say anything above say 10% would be seen as an allowable) the likelihood of any fines up to that point are unlikely. IMO We also need to factor in that we have been delivering critical Covid items.
I cant imagine an internal communications from a COO to his/her troops saying lets get back to where we should be would be of much interest to the media. Of course we must get back to agreed levels of QoS and I am sure Ofcom will take cognisance of all these factors in their current review. Also good to see no further change to the fairly small level of shorts. Looking forward to the trading update.
AngerSharkz, it looks as though the statement from Ricky McAulay was internal and an accompanying video uploaded to Royal Mail Workplace. A similar video from Terry Pullinger has also been released on the CWU Facebook account so I don't think that it's "classified" information.
No mention of fines by the regulator.... Yet!
RMG COO (interim), Ricky McAulay released a joint statement with the CWU yesterday regarding the actions required of management at delivery service office level to ensure that public confidence would be restored in Royal Mail's quality of service, which the senior management have been concerned about for a while now.
I'm not sure that this is going to have a massive impact on the SP but poor QofS figures will certainly start to trigger fines from the regulator which isn't going to help.
Are we still getting an update on 10th ?
As I said yesterday, we should all be very pleased when the company buys another 1m shares back down at these levels. Well done the company. I am however very surprised how the price can fall so much when it is buying what looks like 1/3rd of total volume but probably a higher % as it is only day stock excluding closing auction they buy ! Anyway great news that they continue to buy in size. I repeat goodness knows who is selling !! Machines I hope !!
Apologies meant to add the link to RMG financial calendar still showing 10th Feb
https://www.royalmailgroup.com/en/investors/financial-calendar/
https://uk.finance.yahoo.com/news/could-royal-mail-share-price-071608873.html
AngerSharkz I am still expecting the update with more meat on the bone around Christmas volumes/revenue.
The fight with the shorts continue with Marshall Wace increasing yesterday.
https://www.shorttracker.co.uk/
This caused the drop initially :-
JPMorgan puts Royal Mail on 'Negative Catalyst Watch', shares slump
Fri, 14th Jan 2022 14:41
The bank said it was cutting its forecasts by around 6-7%. The modest reduction in its price to 768p from 777p is due to higher FY23 net debt in its calculation, it said.
At 1445 GMT, the shares were down 5.9% at 495.09p.
I just noticed that Stockopedia gave a very detailed writeup on RNG, with the 'investment club' opting to buy the shares. I expect that's going to bring in more investors, given the size of the Stocko user base.
I'm incredibly positive about RMG, except for the presence of the share-wrecking vampires in the shorts list. Having been victim of those companies several times, I'm reluctant to add any more myself until I see them willingly depart or get crushed by long interest.
Angersharkz - I've been in from the IPO so I'm all too familiar with our shorter friends, it just seemed strange timing that they only reappeared when the buy back was launched given there's been no bad news or bad forecasts to justify them taking a short position.
I also agree, the low buy back price is the one glimmer of positivity to take from this!
Although is it the buy back that's facilitating the shorts in the first place?
As it's giving them a guaranteed, large volume buyer to sell to?
The lower the price the better the buy back - we need to take a medium term view on this
Unfortunately the current shorts and their MM chums seem to be capable of negating any benefits gained from the buy back.