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HH. "Redco don't just blame the workers for the slide in price"
Seems you misunderstood my recent post and concluded the exact opposite of my thoughts.
I was in fact reiterating an observation I have stated many times. There are many reasons for price movement. As diverse as management and CWU at loggerheads or financial institutions playing their games.
I am not at all surprised to see the drop from recent highs which is as I suggested many times. Also the reason for reducing my holding considerably.
Redco don't just blame the workers for the slide in price ... management thinking lastyears bumper parcel frenzy was going to continue is and was a big problem... packages parcels etc fallen dramatically yet they gone out on a big spending spree.... postman I know are very committed to doing a good job everyday and whatever amount I there...management I've seen over more than 20 years hasn't really improved much...
Yes! Blockfire. Watch it rise ??.
Sadly that was said in jest. We know from past experience that there are are countless elements that come into play here.
That said, workforce commitment is one of them.
Well Oli, If you are in agreement I will take that as a positive.
Redceo, I totally agree. I joined this forum as both an employee and investor, hoping to learn more about what drives this share, however after three years I am none the wiser really. Sure there have been some insightful investors that have studied the charts but they rarely coincide with what I see before me in my office on a daily basis.
Incidentally, Simon Thompson and the CWU collaborated on an internal survey called the "Big Trust Survey" earlier this year. It looks like ST believes that a happy workforce is a productive workforce so the survey included a mix of questions regarding both local management and national management. The results were fairly predictable but interestingly enough it seems that the manager bonus is now linked to the survey results.
This is a forum where investors of all levels are able to read/discuss information that could influence the share price.
Surely this should include employee satisfaction etc? I don't necessarily agree with all comments but I recognise their right to make them.
blockfire, one of the annoying things about Royal Mail is that it is classed as a "communication" business but one area where it fails badly is communicating with it's employees.
Rico Back definitely wanted to cut all communication between management and workers but it seems that Simon Thompson is trying to rebuild some of the bridges..
BomberHarris, you are spot on with your assessment. We have many employees that have previously been employed at a much higher level and are highly educated quite often to degree level, but for whatever reason life has thrown them a curve ball and they now want a stress free job. Only Royal Mail could offer employment in to such a diverse range of employees and this is something to celebrate.
Going forward the BoD will need to have an excellent plan. Get it right and RMG will be unbeatable.
Get it wrong and the business will flounder.
First post on this thread and maybe the last...been working for RM for 15 yrs,,first ten were bearable ,last five i have been wishing my life away, i am 53 and planned to leave at 55 anyway due to a previous private pension pot...any way i have had an unexpected winfall which has cleared my mortgage...handed in my notice 3 days ago to the DOM , i have had one line manager bother to speak to me since ...the company treats its workers like ****.....good luck to the rest of you...
Everything Paul 70 said in his post about being in a delivery office is, in my opinion, absolutely spot on. There’s a lot of brilliant and I mean brilliant people, of all grades, that work for Royal Mail but have become despondent over time. The opg on the IPS that sorts box after box of mail while the blokes sitting next to him sort virtually nothing in comparison but the same pay. ‘Weak’ and ‘rubbish’ managers that have been ground down over a period of time and found out the hard way their efforts are ultimately futile. Rico the companies ex ceo never cosied up to the unions and look what happened to him, what chance do DLMs, DOMs or OMs have?
Haha. 'Failure in life', love it.
I've got a nice house, car and lifestyle. Certainly not bitter at life at all. Just massively frustrated at RMG not being allowed to thrive and prosper as it should and could be for the reasons I've already outlined(and agreed upon by every manager I've ever spoken too)
@Mike1974 all kinds of people work for Royal Mail(including many tradespeople) and in some areas the 'comparatively poorly paid job' provides a decent living and if you're part time, the ability to pursue many other projects too.
I never said I hated the job. It's one of the most bearable I've had and pays the bills nicely.
Also anyone who's traded equities for any length of time knows about their cyclical nature and the inherent pitfalls, but yeah, I 'm pretty pleased with my performance over time.
Cheers all
Yam er I mean Pauly.
Mike. I think that Pauly's failure in life is the reason why he is so bitter with it. Only a clown would stick with a job he hated so much. I post with the knowledge I have at my finger tips. Pauly posts from planet zog . Up to now being wrong on nearly everything he has posted. He is even unable to digest todays statement from Royal Mail. He would make a good politician. For some very strange reason he thinks I'm Terry pullinger or a union rep. My colleagues will love that Yam Yam.
I agree 100 % with what @Loutro said.
After what happened in 2018 nothing surprises me about this share price anymore.
A 20 % rise in 8 days from 4.95 to 6.11 immediately followed by a similar move in the opposite direction over the last couple of weeks is actually in line with what most of the RMG employees past and present and LTH's have been posting on here in recent months.
I still think the Q2 RNS in October will be the big one for all the LTH and it's anyone's guess what will happen between now and then, especially with how incompetent the UK Government have been in handling the pandemic.
Strange that someone who has the experience and ability to run their own business and who has spent 16 years successfully
trading equities and CFD's chooses to now be stuck doing a comparatively poorly paid job which they hate.
Either you didn't sell at over £6 or you are spending a lot of time shouting in the wind on a board in which you have no skin. Either way, you'd be better off using your time ore productively.
P.S No idea who Yam Yam is, but they sound like someone I should check out :)
Oooh...someones rattled haha. @ Dynanofc
Are you a CWU rep by any chance?
I think you'll find what was briefed regarding redundancies was that there will be no *compulsory* redundancies for the length of the current 2 year deal. Maybe your head was so far up your arse that you misheard?
As for todays figures: you mean the ones that state letter volumes are down 18% on 2019 -2020 and that parcels have decreased 13% in the last quarter despite the millions of NHS test kits that are going through the system?
The market doesn't seem impressed either does it?
I said months ago that the share price was going down from just under £6 when others were mentioning 8 and £10 price targets and that's what's happened so if I've helped anyone on that score with my 'moaning' then good stuff ??
I've been trading equities for over 16 years and CFD's for 4.5 years; 'clueless' I aint as my portfolio performance testifies.
I've also run my own business, so am aware what that entails.
Can't wait to see the figures for the next two quarters after 'freedom day' and how the governments plan to have every adult double vaccinated by October will inevitably reduce the NHS test kit revenue stream to a mere trickle by year end.
Just one last insight into RMG for the outsider.
Since the pandemic, posties have not been allowed to work two to a van (even with masks on)because of heath and safety. The same two posties who would normally share a van,*have* however been allowed to work right by each other for 1 -3 hours every morning in a full office. Farcical.
Even now posties are not required to go back in shared vans if they don't want to and even if they are double vaxxed(which most are)
In Royal Mail, the tail(CWU) wags the dog.
You really are clueless Pauly and todays figures prove that. We have been lapsing for years in the summer. The revisions will save Royal Mail millions . This is a share forum for people interested in buying and selling shares not a forum for moaning farts to air grievances against Royal Mail. Each time you post you make a bigger fool of yourself ,as you are clearly ill informed at work and are clueless when it comes to business. You also post exactly like a certain Yam Yam.
Meant to say that was 6 years ago with 23 years service
Mike 1974 I can assure you that is 100 percent what happened 2 of us left at the same time and both got the same deal .There was 2 the year before and they also got the exact same package I have no reason to lie .My final package including my free shares was just under 56 thousand up to you if you want to believe it but that's the truth
A shareholder should recognise that for the business to grow it benefits from a cooperative workforce which must be receiving adequate remuneration. However the figures quoted here are ridiculous. I'm not suggesting they are untrue, unfortunately.
@Pauly70 - A reduction in the USO may well lead to a reduction in the workforce, but it won't require redundancies to achieve that reduction, it can easily be achieved through natural wastage, there are already 8,000-10,000 staff leave the business every year, simply by not replacing them they can achieve the required reduction in staff numbers.
@Henky - I'm sorry but I don't believe a word of that if you were in delivery.
I've not heard of any level of VR being offered in deliveries for years now let alone a package as ridiculously generous as you're claiming you received.
Redceo, "scary stuff sort of let's you know why I took it"
Good to know shareholder funds are being sensibly utilised :-((((".
Unfortunately, the culture of treating RMG as though it is/was a government agency with endless funds didn't end when it was privatised. Far from it. There was a project called World Class Mail that must have cost hundreds of millions of pounds per annum, at its peak in 2015. The CWU requested a cost figure in 2012, pre privatisation, but by the time the Freedom of Information request was processed, the business was sold off and therefore didn't have to answer the request.
I would suggest that the RM BoD are not particularly interested in what happens to the SP as that is up to the investors and will continue on with their business plan regardless.
Nice one @Henky. I'm glad you're enjoying life.
I don't think you still get a £30000 supplement. I'm sure I would have heard of that! You lucky sod you.
Your 'no regrets' on leaving is echoed by every one I know who left Royal Mail. No one ever misses it haha.
'Boom time' haha. You sound like Terry Pullinger.
That must be why we're lapsing a walk in our office and there's revisions taking place nationwide.