Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oligarch, according to the latest corporate responsibility report Royal Mail has 43,000 delivery and collection vans, and 4,900 of them are now EVs (up from 2,000 in the previous reports). Replacing them all with EVs by the end of 2024 sounds a bit heroic, but unlikely.
Parcel volumes in the U.K. declined for the first time since 2013 according to the most recent Pitney Bowles index report. With same day and locker installations growing not too many of the reported trends are positive for IDS. Let’s hope the new CEO is better on the strategy front than predecessors.
https://postandparcel.info/153707/news/e-commerce/pitney-bowes-the-e-commerce-industry-is-not-immune-to-broader-economic-trends/?utm_source=Triangle+Management+Services&utm_campaign=221fd16245-P%26P_Weekly&utm_medium=email&utm_term=0_21ab6af013-221fd16245-76890173
Only if you are ridiculously paranoid. If you go into a Post Office and ask them to add a stamps to your letter or postage label to your parcel there is zero chance of you being implicated in forgery. If you aren’t prepared to buy postage from a Post Office or online it sounds like your only real option is to hand deliver yourself.
Get a grip.
IDS doesn’t own or operate Post Offices or the Horizon system , so what has that got to do with the Stamps on Line service.
As for forgeries being sold through Post Office branches, it comes as no surprise to anyone who has any knowledge of the retail world that there are people who have operated or worked in Post Offices who are dishonest. The same applies to almost every walk of life.
Over the years Royal Mail and the Post Office have spent a fortune trying to counter stamp fraud from all angles covering multiple use to every type of forgery. Barcoding is the latest attempt.
Buy your stamps from an official outlet, keep the receipts and calm down. There are bigger issues in life you can worry about.
You can always buy your stamps and postage online.
https://shop.royalmail.com/postage-and-packaging/first-and-second-class-stamps
In answer to the first question dividend declarations have historical been made in mid November and mid May.
Hopefully they won’t pay dividends for the foreseeable future but reinvest any profits to transform the business into a a long term success with a share price equivalent to those of some of the more successful peer group companies it used to rival but now trails badly.
Redceo I’ve seen you write some monumental tripe on this forum over the years but the suggestion that Thompson’s tenure was in some way a success is right up there with the biggest load of nonsense. In front of your eyes he was removed from post and let go to allow the business to get out of the hole he had dug.
I’ve decide to filter you and your new pal, so as to reduce the amount of tripe I see by over 90%.
Redceo, he was let go in a very public and humiliating way. Get real for once.
Would have thought a chunky loss on the RM business in revenue, profit and market share terms is anticipated, and that the market will be looking at the credibility of otherwise of forward looking post industrial action projections.
How the price goes tomorrow should hinge heavily on how GLS are doing, if growth has dropped off sharply in that part of the business it won’t be good news, if a decent growth path has resumed it will be a positive surprise.
Isle, yes that’s the way it was specified for addresses occupied by single households. The price was a long way below standard SD, hopefully they have got a reasonable margin off the back of TNT struggling to meet the specifications while they had the work.
Beatroot, the last time we pitched for the Passport contract it was a bespoke solution using the secure Special Delivery network to get the items to delivery offices in consignments which the registered lockers sorted and issued for a tracked delivery.
The reason why the full Special Delivery solution wasn’t needed is because the Passport Office don’t want thousands of people a day who live a safe addresses having while you were out cards delivered instead of a passport which could quite easily go through their letter box.
From what Isleworth says it appears that this is the solution that has been provided, and it would have been priced on a bespoke basis below normal Special Delivery pricing. There is no way RM would have won the contract at Special Delivery rates.
Oligarch “Derek, I thought that the reduced CSP opening hours had already been evaluated by the business and that falling footfall had sealed their fate.....a bit like railway station ticket offices?”
If the IDS senior team had a coherent understanding of what was happening in retail and e-commerce they would be making strategic investments in customer service point provision and capability instead of rendering them as useless as a DX pick up point on an industrial estate without parking or public transport.
They are driving away footfall, wasting a significant USP, and ignoring significant growth opportunities in areas like same day delivery and forward stock location.
Mary “I want a dividend and a doubling of the SP :)”
That’s why the share price is now less than the initial IPO instead of £10+.
The mindset of executives and board members finding it necessary to investors who want short term returns instead of a more invaluable company properly exploiting one of the best brands in existence has plagued Royal Mail. But I guess they aren’t alone in the U.K. Hence we never see a U.K. version of Amazon, Apple, and Alphabet emerge despite the creativity of British technology.
I don’t want a dividend. I want IDS to invest in securing its future, diversifying its offering into higher yield markets, and avoiding a repeat of what we have been through over the last 2 years. The pay back for long term shareholders would then be in the form of more valuable shares that stay that way.
Assuming the margins they will be making on this business is worth the effort and potential reputational risks (it was always a tight call on previous tenders) this is very good news because it provides a base load for a secure small package delivery proposition which is extendable to other areas previously dominated by DX and TNT in the financial services and medical and entertainment ticket areas.
This is however another area where significantly reducing customer service point opening times is unlikely to be a positive. If your passport is held at a delivery office when you need it to travel you are hardly likely to be best pleased to find that the relevant customer service point onky opened for 2 hours that morning. ditto for tickets to music and sporting events, documents that have to be signed to complete a house purchase etc etc.
The dramatic reduction in opening hours of customer service points won’t help RM retain their share of ASOS returns. Evri must be chuffed to bits.
Yes PP and the 2 pervious ballots had turn outs of 72% and 77%. So contrary to what Oligarch was saying there was nothing unusual or ominous about the turn out for the Yes vote to accept the agreement.
Oligarch, the turn out for the ballot which authorised strike action was 77.3% with 95.9% voting in favour strike action.
https://www.cwu.org/press_release/breaking-postal-workers-deliver-biggest-national-strike-vote-in-british-history/
Redceo I treated as a new account too but after today’s stream of inanity it’s now on filter. Life is too short.