Sunday Telegraph2 Dec 2019 10:43
Must read for all RMG shareholders, trolls and rampers. It centres on the unfortunate timing of the RMG IPO. Whereas Deutschepost is recognised as a successful transition to public ownership, the fact that it was able to make the required structural changes while the business volumes were stable, underpinned it. Compare with RMG, where the IPO coincided with the freefall decline of the letters market, which is continuing to undermine its business model.