Member Info for Charlie156

Back in with a £3.12 purchase.

You don't have to be Nostradamus to predict the direction of travel here. I've pencilled in a dividend cut/suspension, IA and UKPIL going nowhere for two years.

Better exit point!

The FTSE 100 is back at 1999 levels, if only BP was. Tomorrow will be grim, but BP say they can pay their dividend at $40 a boe, and I believe them.

No, just another day on the DS Smith rollercoaster. Mondi reporting tomorrow, probably more of the same.

This forum gives posters the opportunity to display their investor skills, and people skills. It seems to me that those who try hardest to do either, end up doing neither.

Just increased dividend, 7.5% yield. Probably will go lower, but couldn't resist a £4.28 buy today.

Arsenal, blessed are the peacemakers. Ever since Mother Theresa of Calcutta passed away, we've been waiting for someone to take her place.

Maybe it's the same moron who voted your post up.

After the CWU get backing in the ballot, a deal will be cobbled together of say, 7.5% over 3 years. Shareholders should be concerned, the UKPIL can will just be kicked further down the road. Dividend cut, an absolute given.

It was a dumb question the first time. Have you no self awareness?

DS Smith is developing a reputation for high volatility, which makes this share a trader's dream. I've lost count of the number of times I've traded it since May. I don't see anything inherently wrong with the company. It's well positioned in the sector to take advantage of the move away from plastic, the debt is coming down. At some point it will sail away far beyond these levels, but until then I'm enjoying the ride.

Lame response from PCS. Then again, this is the poster who not so long ago was talking about 3500 barrels of oil p/d. Using his lingo, he has zero crediblity

Oli, I recall you saying January letter numbers were poor. Have you a year on year comparison for the first 7 weeks of Q4.

Poached by William Hill. Leaving a £5 billion company for one valued at £1.5bn. Marsh never impressed me during the conference calls, and I questioned the dynamic between him and CEO Miles Roberts. Feels like there is more going on here.

Looney, today. 'We will drive returns and cash flow, not production volumes. And with that, you can expect oil and gas production to decline gradually over time'
I'm reading that as, with 20 billion boe in reserves, capex will fall in future, with shareholders benefitting.

What's he been found out about? Being cautious over RMG's near term future. Wolves, your like some wannabe Redcoat, who keeps failing the Butlins interview.

History shows these spats between RMG and the CWU are normally just handbags, but I don't see any other outcome this time except IA. A General Election was needed to resolve the Brexit impasse, IA will be needed to resolve this stand off, one way or the other. Both parties have laid down their red lines, which have been crossed, and the loser in this dispute will lose a lot of credibility. Rico undoubtedly has the backing of the board, and pushing through these changes in working practices with a pay freeze/derisory wage rise at the same time, is designed to provoke. Risky, a one day a week national strike, strategically positioned over different parts of the business on separate days, will cause carnage. Rico, on his wage and Swiss bunker can expect to be pilloried. I expect 2020 to be a tough year, but at some point RMG shares will be too cheap to resist.

Falkland, belated congratulations on your RMG intuition, and the manner in which you have conducted yourself over the last two years. Facing a daily onslaught on your financial acumen and character, you remained courteous and civil at all times. I salute your indefatigability.

Labour costs are 70% of total costs. That figure hasn't moved much since the IPO. When the last pay deal was being negotiated I visited the CWU website, and they were selling it to their membership as a 12% deal, a two year 7% pay increase with an accompanying yearly reduction of a 1 hour drop in the working week. As their productivity woes show, RMG couldn't afford that deal then, shareholders are feeling the pain today and employees are next in line.