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Redceo. Most in our office when faced with an absolute mess of a revision on their duty work even slower as there is literally no chance of ever coming remotely close to finishing on time or even half an hr late. Royal mail management are absolutely clueless. What gets me is whoever is planning these revisions would surely have reams of PDA actuals data if they wanted to do the job right. Instead they cut walks out and 'save' hrs. Except it isn't saving hrs if someone wants to complete, it's overtime, still has to be paid. The savings come from not delivering the USO. Something which will go on and on until the regulator gets a grip. Then one of two things will happen. Either the USO gets withdrawn or Royal Mail goes out of business. Honestly, if the USO was enforced like it used to be, royal mail would very soon go under. The only way they're keeping their head above water is by not delivering every day.
My rural hybrid has had a whole village added in place of the 1hr or so I used to have to do LAT pkts. It is now about 2hrs too big but I still get told to bundle bag and take it out, just to bring 2hrs wirth back, to have to prep in again the next day which makes it even less do able. It's an absolute joke. End up delivering every other day to each half of delivery.
What am I not seeing in these results?
And they are all ****ging Tony off on social media.
It's not a 3 yr deal. It's 2. We've already had yr one (and almost a month of yr two now).
Virtual no chance of it getting voted in, whatever that will mean. Only the thick as shxt Union could reject a £1500 lump sum in favour of a £500 lump sum with the same 8% over two yrs pay deal. Beyond a joke.
On my holding, but think I made the right decision (for me), to sell my rights and not put considerable new funds into this. If I get back to 50% loss in the coming yrs, I'll sell and take it as a lesson. It was always a risk after all. Just didn't pay off. If I'd took my rights up, I'd be kicking myself on today's SP. In fact, using my money from the sale of the rights, I could now by same amount for less than the bargain 40% discounted share price we were told.
Newdealz, yeah I'm with you on that one , most don't even know what their hourly rate is.
Well it's unusual to go to another meeting to advise reps on the next course of action as Ward said. Usually PEC would endorse it , union recommend it and put it to a vote . Could that course of action be industrial action? Who knows with this fiasco. Maybe they have just found another pallet of custard creams with a short sell by date that needs to be eaten.
With coffee and biscuits arranged for all the reps this Friday before we here any more about the deal. How much longer can these people drag this on for. Beyond a joke.
Would have been cheaper for everyone who stumped up considerable cash to buy their 'bargain discounted rights' to have just sold them and bought ordinary shares now.
before ex div date tomorrow . At least theres still confidence in the medium to long term with this. Great divi. even with the cut.
So if you managed to sell your rights early on when they were over £1 still, you could have used that money to buy ordinary shares now and only paid an extra £4.60 for them. RI are always tricky and invariably shaft the PI. Especially long term holders. All the talk of 'discounted shares ' is BS quite honestly.
Exactly, the only reason they aren't negotiating a deal for all those wanting to leave is because they'll be down on subs.
If we get to the dizzy heights of £500m profit its £800 each.
Can now sell rights on line if you can persevere and get a quote. Done mine. Should have sold last week but could only do so over the phone not live price, and never thought it'd drop this much. Whoever's has bought my rights has paid 40p and will have to pay another £4.85 to convert into full shares. So £5.25 as opposed to current SP £5.58. Decided not to plough any fresh money into this. Win some you loose some. Still got original holding, obviously very much in the red. Lessons learned. Check out the details of financial situation of the company. Any sniff of rights issue. SELL.
Now works out at a whopping 7% . Will there be any real incentive to plough huge amounts of more cash in right now to take up all your rights? Was billed as getting a super deal of a 39% discount.
Is now not. If you add the rights buy price to what you'd get to sell it isn't far off just buying ordinary shares. Some 39% discount. Thanks TUI. What a shambles.
Leepo01 just be aware, you mentioned you were with Halfax. They originally took the price to take up your rights as £4.01 which they have since corrected however THEY HAVE NOT CORRECTED the conversion for your rights purchase price. This is still showing in my account at least, the price it would be for £4.01 a share. You are likely gonna be charged about 20% more when they get around to correcting it. Shocking service from Halifax. I'm pretty convinced someone at their end typed in 4.55e instead of 5.55e.
Email and ask them Masaimara. I have . I await a reply. You can of course always amend your choice before end date. I doubt they will stick by the price quoted though.