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Can anyone explain why online retail and the associated parcel delivery services now seem to be getting absolutely slaughtered, compared to High Street bricks n mortar retailers which just seem to be bumbling along with seemingly no current bad news or future forecasts of doom and despair?
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."
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!!
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.
100% correct Casperdog ! But I do think at these prices there is money to be made short term
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.
Arsenal, are you going to tell us your buying price this time. It will give the inevitable profit you declare on here more credibility.
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.
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
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
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 .
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
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 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
Dossier what you know about investing you could put on an expensive first class stamp stick to delivering the post mate LOL
Typo that’s Dowsie or Dosser LOL
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
Dowsie stick to delivering the mail ,well done for selling your few shares at 5.81 I hope you were in the sharesave LOL
Arsenal it wasn’t a few it was 3030 which I paid 10k for in October 2013 at the initial ipo the general public we’re only allowed 750 pounds worth because it was over subscribed and at the time every analyst said it was undervalued it went up on its first day of trading by38% now I know 10k to you is chicken feed as you are probably a millionaire but for me has a Postie it was a good layout
Well done Dowsie a profit is a profit ,my question is have you ever invested since or was it just the intial IPO or more to the point don’t you see value in the business moving forward , we all get it wrong sometimes ,I have myself today as I bought back in at £2.28 thinking it could get cheaper but that’s sharedealing.
Arsenal no I bought back in at 4.29 unfortunately but only 1500 shares now in my opinion for this to start making profits everything needs to change the union need to lose this dispute and we have to adhere to new working practices the most important thing is the uso has to change I’m still confident it will return to the 4.29 and more but all those things need to happen . Now as a union member and a share holder I’m in a catch 22 situation I’m leaving in 9 months but I feel an obligation to my fellow workers to strike .Also when I say I think this Weill hit 4.29 and more you have to hope the war in Europe ends inflation comes down
Dowsie fair play to you I hope things do improve for your investment I’m only looking short term because of all the turmoil at present,I would expect you would understand both sides of the argument regarding the business only your union see it as a one way street ,you will probably be better off when you retire good luck