Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I used to ask all my customers what they wanted with parcels when I met them, some posties provide a service and some just want back as soon as they can. At least most places now are making people work their hours as some of the ones with seniority had easy rounds so great if they have to stay and do the d2d while new guys are out with rounds 50% longer. Also depended on volume, on busy days you have to patch trying neighbours rather than fight for the overtime so was a case of managing your round. They are closing a lot of the smaller offices now which will make a difference and plenty more savings to be introduced and think they'll have to introduce Sunday parcel delivery and drop mail on Saturday apart from specials.
Dusterhater, the shares are bought in the market as redbaro states in the market on 15th of each month. I think posties put in £23.07 a week for maximum amount and they got 30 shares last month and possibly 28 are bought in the market and 2 free shares might come out of the small amount RMG hold but I'm guessing here. If there is £5.7m a month, that would amount to just over 2m shares a month at today's price or around 2.5% of the company a year which is a massive amount over the lifetime of the deal.
Was that your 9 million buy TS, granny off to a home now :-)
Looks like we need more of these as possibly and overhang from leaving the FT100.
Housing market is as crucial as retail to UK economy and Taylor Wimpey released a very upbeat trading statement this morning so I think that underpins the market for a while and just Brexit to sort now!
Tuesday 15th we have just over 1.5m shares purchased for share scheme, Wednesday 16th we have dividend in account and likely to be a fair bit of buying and update on trading on 29th.
That's really it until March when they give plans on cost savings etc so I'm already got a decent amount and added 7500 this morning and will look to go in heavy if 29th confirms there are no nasties.
There isn't a huge volume in RMG shares and probably why it can swing from +£6 to near £2.60 in no time. Today was a perfect example and another reason I'm bullish. Nothing is guaranteed you just look at the facts and try and make a cut up or down in the market, short term RMG look oversold, longer term they need to justify why they will go above £4.
Right 1.5 million shares bought next Tuesday for share scheme and a large lump of the dividend possibly reinvested Wednesday, could be a decent week if only it wasn't for Brexit vote!
Poll out in papers today that Corbyn further behind in polls. May will be dumped before next election and difficult to think of anyone who would be less popular than her other than possibly Boris and even that isn't a given. Whatever the issues are for this share, Corbyn isn't one if them.
Like what I seen here and picked a 1k shares up, thanks for all the informative posts. GLA
I worked in the Denny office and then had a year in the massive office at Cambuslang. Going forward there is no place for tiny offices like Denny like is a scene out of Butterfly's driveway each day as people move their vans to let people out. You had postman on best routes that took half the time of what they are paid for just due to them having the longest service. Meanwhile in Cambuslang I was a reserve sent on taxi 's up to £100 return to Dumbarton whilst being paid reading a book to do a 4 hour delivery. There are huge savings basing each route like amazon do via the PDA where posties are paid a decent wage to do a 5 or 6 hour delivery if they can sort the packages side as they are overloading posties with these. They must be able to look more at lockers in local shops or in town centres to dump a good proportion of these to streamline the walks.
Fall today was on low volume but need buying volume.
I'm an ex-postman and still read the website for posties.
Mail is down but high earning guarantee deliveries are way above last year and parcels are up. This is first year in a long time that weather has not hampered deliveries so no backlog accumulated.
I am aware of what a previous poster says about dropping mail off at home addresses for posties as what happens in Holland I think and more parcel sorting machines and labels are being introduced.
The USO is flawed as far as 6 day deliveries to farms that take 10 minutes for one letter and has to be reformed along with moving into the 21st century and having delivery lockers in town centres for parcels to be delivered to rather than an empty house.
That's the reason I have invested in royal mail, it is a shit run company living in the past but it was making decent return.
Don't listen to the press trying to save the high street that people want a day out eating shit food from some crappy pub. People want to buy stuff on a whim and know it'll be delivered to them and RMG have to ensure they change their working practices to meet this challenge.
I'm now up to just under 20k shares and well under water with just under £3 as breakeven but in no.hurry as confident it'll come good. Good luck all.
I used to argue on motley fool with someone who thought they were gods gift to oil and investing. My argument was oil would average out over the year what Opec and America need/want it to be and that was always the case and always will be. $75 give or take for 2019 Brent and happy to be corrected although if you're Bertee from TMF, you're view is not required. Picked up a few today and a few pence underwater for starters.
In my view positive, someone wanted out, they were hoover up over £2.80, get this US side show about the wall not being paid for and then upwards as there is no where that pays a return other than the market.
Seems to be reason for fall but if directors have been buying lately then RMG shouldn't be too far off projected profits.
https://uk.webfg.com/news/news-and-anno ... 58131.html
Shares in Royal Mail sank to a fresh low on Wednesday, after US parcel firm FedEx cut its full-year outlook and warned of weakness in Europe.
By 1330 GMT, Royal Mail was trading down 3% at 277p. Earlier in the session it had touched 274p, a joint record low.
Investors were unnerved by the latest numbers from FedEx, which is largely regarded as a bellwether US stock. It blamed slowing global trade as it downgraded the bottom end of its earnings guidance for 2019, by $1.70 a share to between $15.50 and $16.60 a share, and announced a raft of cost saving measures.
Chief executive Frederick Smith said: "While the US economy remains solid, our international business weakened during the quarter, especially in Europe. We are taking action to mitigate the impact of this trend through new cost-reduction initiatives."
Michael Hewson, chief markets analyst at CMC Markets, said: "Royal Mail shares have slipped to a new record lows on the back of the FedEx’s poor numbers last night after the close in the US.
"Europe was a particular weak spot and the weak outlook saw UPS shares also come under pressure in aftermarket trading."
Shares in fellow American parcel firm United Parcel Service fell 4% in pre-market trading on Wednesday, while FedEx tumbled
I don't think shorts are specific to RMG.
I suspect large funds are targetting anything connected to consumer spending and uk economy. We seem to follow housebuilders and retailers at moment but posties are still reporting things being busy enough.
Seems like catching a falling knife but picked 5k up at £2.95 and have a cash pile after selling my house earning nothing so looking to add once/if a floor appears.
100% ex-dividend this morning in case anyone in doubt as see someone posted on advfn that people buying for it before close today.
I'm not debating Brexit, I'm just saying another vote is great for RMG profits. House builders and royal mail doing well today, Looks like shorts closing out?
Bring on the people's vote to a straight all in or all out, if nothing else great for RMG and All the bumf that will be sent through the post. Are shares ex-dividend this morning?
Thanks all. Brexit direction will determine an entry point so important to me and also another vote would help RMG profits although logistics in the timescale available must be tight.
RMG also look a certainty now to lose their ftse100 place on 5th December so another reason to see selling but that shouldn't be a problem on a 1 year view if the sp climbs and they re-enter.
As an ex-postman I've always kept an eye on the shares and recently sold a property and sitting waiting on the ducks lining up to find my entry point.
I've been watching Rmg shares and reading the board for a while.
Negatives are Tories go onto meltdown and internal squabbles and labour win next election. In my view highly unlikely.
May's fudged brexit gets passed. Highly unlikely.
Positives
Another Brexit vote is coming. Basically a total out or status quo. Project fear will be like Scottish independence and people will vote to stay. Great for RMG and shares in general and to me the favourite.
I think smart money is short house builders and RMG as a hedge and decent plan.
I think we'll have a 2nd referendum, we'll stay in EU and RMG will get £4.50 on the back of this at some point in 2019.
A good 40% return with dividends makes this my number one share with decent downside protection if some of above doesn't go as planned.