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Dowise,
He has a personal 25% stake in Dutch Post.
GLS is also HQ'd in Amsterdam.
Anger can you please enlighten me to and tell me what shares DK has in the post and parcel sector I can’t seem to see any that he owns apart from RM I’m sure you will be able to tell me
If Rees Mogg is making the decision, he may also want to make a statement with this decision so early into his tenure. He may be the most right-wing tory in this government which makes a great deal of difference. However, he will be tough on the sale of businesses which are deemed important to national security and technology transfer. I don't think RMG fall into this category, and I think it absurd to believe Kretinsky would be viewed as a friend of Putin. He would be quite horrified at the suggestion, with an invading, murderous russian army a stones throw from his own country.
Oligarch, Kretinsky will have had people looking at all the rules and regs for a long time. He will already have anticipated every rule and regulation concerning what he can and cannot do re. business and union laws, and have a path through which he can navigate to buy the business as cheaply as possible, and then run the company at a profit. He will also have anticipated any conditions attached, particularly the USO, and will have his ducks all lined up, he is not a novice or a fool. Furthermore, any benefits shareholders may accrue will be secondary to his own, though hopefully they will align to make RMG more efficient, profitable, and clear goals which the union can see as being mutually beneficial. Change must come, particularly in this economic environment.
simx, I am in agreement that VESA will be given the nod but with terms and conditions applied especially regarding the USO which would fit in with a "levelling up" agenda.
Whether or not VESA like those terms and conditions.... who knows?
The Government, especially the Tories, certainly don't want to end up back in control of any public utilities as they have spent the best part of forty years ensuring that will be somebody else's problem. So no new reservoirs built since 1992, limited gas storage facilities, decommissioning power stations.....
I thought that the idea of Brexit was that the UK would have more control of its destiny.....lol
I'm leaning towards thinking the Govt. will allow selling RMG to Kretinsky. This appears to be a more right-wing , free market, version of the tories. They will look at RMG's problems and see the union as a big part of them, dictating to a business how the company should be ran, which is anathema to a business orientated government.
Conditions will be attached, particularly the USO.
Will Rees-Mogg with Truss' approval really sanction the selling of ROYAL Mail to a Czech with faint links to Putin when all our rumoured policies, NI cut, stamp duty cut, etc, seem to be just attempts to boost Tory support?
Oligarch you are correct it is ju The foreign to deal that is paying just over 5 billion for 3 seasons I was just pointing out that I didn’t think the money would be split evenly but I could be wrong. Most of the money from football goes to the players in wages . I think it was Simon Jordan said how do you get to be a billionaire in to a millionaire buy a football club which he did when he bought .Crystal Palace . The Best Buy I know of was Ken Bates he bought Chelsea for a pound in the eighties and sold to RA for 140 million Bates had to take the debt on which Chelsea were in when he bought but still what an investment that was
Dowsie, I believe that this is a foreign TV deal as opposed to Sky.
https://www-hammers-news.cdn.ampproject.org/v/s/www.hammers.news/columnist/opinion-the-500m-reason-daniel-kretinsky-is-at-west-ham/?amp=&_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16637009383346&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.hammers.news%2Fcolumnist%2Fopinion-the-500m-reason-daniel-kretinsky-is-at-west-ham%2F
Oligarch I don’t think every club gets 500 million you get prize money for where you finish in league so the champions get the most 2nd get the 2nd most all the way down to the team that comes bottom also you get money every time your game is on sky the home team get more then the away team .So the more your on sky the more money you will get that’s why the likes of Man City Liverpool Chelsea arsenal will get the majority of the 10 billion pound. Then you have the players wages to come out of that money . I’m not saying it was a bad investment but not as good as the one your portraying in your post .
I have also been reading about Kretinsky's 27% holding in West Ham United that cost £150m. Apparently he was in the know about Premier League TV rights of £10bn, so £500m per club leaving him with 27% of £500m (£135m) so his 27% holding effectively cost £15m.
AngerSharkz, thanks for the update.
Incidentally, it wasn't thinking about another investor ousting VESA but more in line with another mutually beneficial investor joining forces and taking RMG in a pincer movement thus bypassing the other shareholders and having a combined majority shareholding.
Anger you say my opinion is worthless to you a bit like your portfolio I would imagine. Pity you didn’t listen to my opinion and sold at 581 then you might be able to give some advice on investing. To think you said this could go 700 I hope no one listened to you you are to investing what king Herod was to babysitting that probably went over your head like most things do
AngerSharkz, many thanks for the reply.
My understanding is that if a take over bid is mounted, then the offer has to be equal to the bidders highest purchase over the preceding year or "fair value" (whatever that may be) and the shareholders get to vote.
But what if VESA were to hold 27% in a couple of months time when the review is completed and the SP is still potentially low (say 200p) and they then sit on the their hands. In the meantime another investor (or investors) then purchases a combined total of 24%+ so together their combined investment is 51%? That could be a very interesting scenario?
Anger
Consider if it does go tits up a buying opportunity…buy when others are selling…sell when others are buying…
So, as I read it, the rules in order for VESA to acquire a stake of 25% or more are that an NSI review has to take place. Once the Business Secretary has given the all clear it would then be possible for VESA to acquire enough shares to take them to, say, 27%. As I understand the situation, once the 30% figure is breached then an offer has to be made, which presumably would then go back to the shareholders at an EGM?
Am I correct so far?
How did you know that Djones's first name was Daley?
He’s very close to the coop as well…he lives around the corner and shops there Daley.
He's very close to Amazon. Watch this space.
You heard it here first.
RMG share is down : --6.66%.
Yip it's cursed.
anger..... BUY BUY BUY del said
Shorts starting to increase again. They will obviously look to gain on the current turmoil and negativity.
https://shorttracker.co.uk/company/GB00BDVZYZ77/
max... respect:-)
thanks to Mr. Thompson giving more to managers TO CROSS THE LINE. then our resolve is stronger than ever..... as Rodney said....SELL SELL SELL..... managers pay talks in October so He is trying to buy them....
Not the brightest bunch of investors on here. Spend all day long chatting garbage , whilst panicking like mad about their investments in a company that they clearly know jack about. ********imas thinks that we are all going to lose our jobs for some very strange reason, yet never actually explains why because he's a ******.
The USO protects the delivery of mail, if Royal Mail goes bust the government automatically steps in, all offices are running with large numbers of vacancies. The ones to lose jobs will be agency, management, and any area overstaffed.
When rail franchises reverted to government control , jobs weren't lost, so why would posties be different.
Now it seems like some of you simpletons on here struggle to grasp that , as you all also struggled to grasp what a **** job the board were doing when warned about it over a year ago , so I will leave you all to chat garbage all day long every day whilst your investments go down the pan. Bye