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Arsewipe are you going to tell us the price in really time or just do your normal bs and for someone who has made 600000 pounds in 20 years of investing why are you postting on here I thought you would be working for j p Morgan . And as for not knowing about investing read my history sold my RM shares at 5.81
Maximus everyone except the CWU still living in the past my friend not the Future
@Angersharkz when JPMorgan issue statements like this on the basis of nothing, i am always on the suspcious side that some big players want in. These statements give it a little push in the direction they want it and the algo's do the rest. Now we will see in a few days if there are any big buyers coming with TR1's i have a hunch this IA will get rectified soon.
This IA is not good but we were at 320 not so long back on the back of the same set of results, as you say not really justified this massive drop, imo just taking advantage of the negative cloud hanging over RM.
Typo that’s Dowsie or Dosser LOL
Dossier what you know about investing you could put on an expensive first class stamp stick to delivering the post mate LOL
Charlie mate I’ve got a massive portfolio in RR and have averaged down to around 82p so I’m comfortable with that as for RMG this could go drastically wrong in the future I hope not whilst I and others invest to get a return but if it did you and others will be in trouble because the business has to Modernise more and be cost effective so if that means job cuts etc then I suggest you think long and hard about all of these strikes as there will only be one winner and it won’t be the workforce
Best analogy I’ve seen on here, there is no understanding of the waste within this company.
Government uso
Vesa
Letters down
Parcels down
Union striking for more money
Change to survive needed
Company loosing money
Fined for not reaching targets
Things are coming to a head nicely,one thing is for sure,the government will be under pressure here,a change to the uso,
Delivering a few days a week to built up areas,once a week to rural,not taking on other companies mail for the last bit and being paid a pittance.
I can see the company being picked up on the cheap,I can see the uso being changed so the company makes money,I can see less vans needed to do the rounds,I can see less fuel being needed,I can see big redundancies in the work place,I can see the business being streamlined,can no one else see this coming at some point…
If it is read across from FedEx's poor results then they were mainly due to Asian concerns. RMG hasn't got any such operations in the Far East to my knowledge.
Government always protects this one with rises in the costs of stamps and postage.
An opportunity perhaps...
Dilly d the best post I’ve seen on here I was going to put something similar to answer Mike 1974 question but you pretty well nailed it
Charlie he will tell you when he is back in but the share price might be 220 on the day he tells you but he will say he got back in at 205 read his previous posts
Arsenal, you deserve a bit of luck after the wretched run you've been having with RR. We're all rooting for you on here .
"Royal Mail slumped 11% after being cut to 'neutral' from 'overweight' by JPMorgan."
looks like its being manipulated down to me with negative algo, no real news yet a 10% drop.... i did notice today though RM are having a problem on processing auction market place orders, i am unable to book RM parcel labels via the market place, some web booking platform issue?
Charlie don’t worry about my buying pattern mate as I said you can invest a good amount of cash and get a healthy return in days when your lucks in £1500 for a few days is a good return 3 weeks pay would you say for a postie with overtime ,not bad eh
Charlie justo for you I’m not invested yet as I think it may have a little more to fall with all the nonsense about future strikes but you will be the first to know when I’m in ,not for long as this does not appear to be going anywhere quick but profit is profit
DillyD. I think that is pretty much it. The other canary in the coal mine was ASOS warning a little while ago about reduced sales going forward.
Arsenal, are you going to tell us your buying price this time. It will give the inevitable profit you declare on here more credibility.
Does this come down to insane levels of uplift when we were in lock down. I remember reading Shipping ports being weeks behind due to bored people online shopping. Watch prices rocketed during covid etc.
Now have future company profit predictions been based on two years of covid. Now its over everyone is skint and stopped spending. Fuel costs through the roof. Companies getting no where near their estimated profits online. The high Street seeing returned footfall has probably seen improvements.
What is the FEDEX link here. Apologies I've been immersed in Cineworld for a month. My other stock that is doing great!
100% correct Casperdog ! But I do think at these prices there is money to be made short term
Don't think Rmg will ever be a successful delivery company till they get rid of all the dead wood and the union mentality that's plagued it from the start.
I would say this will soon be a good buying opportunity. However not yet. The shorters have their claws in and as a result it will probably drop south of £2, when in my opinion it will be a good long term hold. In terms of the present general downturn, few businesses are left unscathed. With consumers cutting back on online purchases, RMG could be seriously affected by reduced parcel and post volumes. Finally RMG needs modernising. Waste and inefficiencies are rife thanks to it still being highly unionised. It will, hopefully, eventually come good. Just think of the historic advantage it has. Only idiots could mess that up!!
shopping time it will not go down any more DYO
This is today's report from the ONS - https://www.ons.gov.uk/economy/economicoutputandproductivity/output/articles/ukeconomylatest/2021-01-25#retail
From that report - "Non-food stores sales volumes fell by 1.9% over the month and were 2.0% below their pre-coronavirus February 2020 level. Within this, other non-food stores such as sports equipment and toy stores reported a monthly fall in sales volumes of 2.8% in August 2022, while department stores fell by 2.7%.
The proportion of retail sales that took place online fell from 26.3% in July 2022 to 25.7% in August. Despite this fall, it remains above pre-coronavirus levels, where the proportion of online sales was 19.8% in February 2020."
Haha all them old fellas delivering letters keeping the company going.