Member Info for Charlie156

No, Mr D, you cost yourself 10 grand because you didn't have the cojones. See if you can find them over the B/H weekend.

Earnings Call Transcript Q4 2019, worth a read. Key points for me
For every 1% decline in letters revenue, twice as much parcel revenue is needed. The extra investment will address that, aiming for parity.
The productivity gains will kick in, the year after next.
In 5 years time, aim is for revenue of £12 bn, with a 70/30 parcel/letter split.
Rico and the CWU's Terry Pullinger are in the honeymoon phase of their relationship, with Rico coming over as somewhat naive.
Their will be a number of cash injections from London property deals over the next few months.
Analysts are highly sceptical of Rico's decline in letters figures after this years 5-7%. For 2020 onwards RMG have pencilled in 4-6%.

Sold 4996 at 2.105464.

I was expecting share purchases by the directors. Let's hope the rest of the board follow Rico's example.

When I woke up this morning I did not expect to end the day owning 5000 of these buggers. This share has been good to me in the past, but Rico has much to prove.

Board has the vibe of an AIM oil stock, with all the reprobates from outta town suddenly appearing.

Had another nibble 2530 at £1.9665.

Who did you borrow the 85 grand off, your parents!

You talked me into it Nuri. Purchased 2466 at 201.8. Expecting some meaty director buys. Don't let me down Rico!

I think Gringo Ringo has at last done the honorable thing. After years of crass and unsubtle ramping which has cost investors on here, he's decided to not post on here anymore.

Cash flow doesn't seem to get much of a mention on here.

On behalf of Ringo, Nuri and the rest of the gang, welcome back!

Falkland closed his short too soon.

I believe the CWU are proposing exactly the same arrangement!

Momentum, cash flow, dividend, direction of travel, this is a business in decline. Still in denial about letters. Projected letter decline 5-7% is unreal. Double digit decline would have been a more prudent position. They'll be rebasing the dividend again in the not too distant future.

Nuri, ur going to have those numbers on ur headstone. You should have listened to yourself and sold at 250.

With the CWU, I'm afraid it's not 'just business'. Shareholder returns are very low on their list of priorities.

Nuri, I've always wanted to know. For someone with such a declared aversion towards unions, why invest in RMG?

Do not cling to any lifeboat where SS is the captain. I'd rather take my chances with the sharks

With approaching £1 billion spent so far on transformation costs since the IPO, you would have thought RMG would have started to reap the productivity benefits by now. Yet, it is as big an issue today as ever, with a 2% pay rise and 3% reduction in the working week to factor in this year. London posties on 30k pa, with holiday and sick pay, competing against White Van Man on half that, without those rights. Posties spend 10 mins trying to deliver a parcel to neighbours, in which time WVM hurls three parcels at someone's front door. The market perceives the parcel stategy is flawed as well as RMG continually underestimating the letter decline taking place, which places serious doubts on management credibility.
Rico said in November they would be following a progressive dividend policy. We'll see!