Member Info for furrycoat

The markets had a really good day today and still RM closed down over 13%. God knows how much the price would have fallen on a bad day.

Think further significant falls ahead. Can’t see what will prop this share up at the moment.

After taking time to read and consider I am not at all convinced by these numbers. Following a big profit warning last year for RM to trim profit expectations again is not good news.

I sold all my holdings at the time of the PW and nearly bought back at £2.75 but decided to wait for a trading update. Now I have this I certainly won’t be buying anywhere above £2.25 as feel that is where we are heading.

I’m a fan of RM but the business has much work to do and there are far better opportunities elsewhere.

Sell.

The price could head south today....

Got in at 8.05am at 56.10. Quite confident about this one.

Had shares in ITE abour 20 years or so ago which I sold back in the mists of time.

Unlikely in my opinion. I've sold out at £7.69.

Little to lose if you are holding though IMO.

This is one of the few times that being a patient investor has not paid off. I was in here for the long term and decided not to sell at £8.40 a few months ago as I thought growth prospects were good and I was happy with the divis.

Now have to investigate new shares to the tune of 22k to reinvest.

On the bright side - no money lost, small profit of around 9.5% after costs...onwards and upwards!

GL all.

£7.82 is a dismal offer IMO.

My average is £6.99 and I was happy to hold long term.

Shocking stuff! Very disappointed.

...at the risk of sounding slightly contrary I'm also thinking that if there isn't an announcement by 4.30pm the an out of ours offer would make perfect sense. Give the markets the weekend to digest and all that....

I wouldn't rule out another extension. I think any entity looking to purchase a FTSE 250 company will want clarity on Brexit. As we don't have this at the moment I think there may be a further delay.

....around RMG at the moment, it will change though.

Current price is good value. Be VERY surprised indeed if it got to £2.50 but not impossible.

As a BA exec club member I would love IAG to buy Flybe. Tier points for flying regional / short haul routes from some smaller airports and there are some great logistical opportunities for linking say Birmingham or similar airports to the rest of the world on long haul.

Think Willie Walsh is too shrewd an operator to buy though, finances are a total mess. Virgin has already tried and failed with a UK domestic route so think it's a very high risk takeover.

...If I can get £2.75 today. Nothing too huge about 1000 or so shares. Think these will be good to tuck away.

GL all

REDRICHMOND. Wonderful post thanks for sharing. Shows superb self awareness which is often lacking from posters on message boards.

Learned a similar lesson about 14 years ago - best thing that ever happened to me and improved my decision making rationale significantly.

All the best and Good Luck FC

Today and yesterday and very confident in the future whatever the outcome next week. Have built up a substantial holding and I’m very optimistic.

In terms of quality Hermes and RMG are miles apart but the cost differences are negligible.

Next use Hermes, so I don't order on line from Next anymore.

The delivery company you use is an extension of your own company and represents your own service levels and also the respect in which you hold your customer.

RMG is head and shoulders above the competition and my business would not use anyone else.

I've just walked past a large Hermes truck which frequently visits the bloke down the road (large parcels in/out).

The driver was loudly decrying the ineptitude of his employer, something about manifests, lack of organisation and how he could never get his truck out on time. "Rubbish" was his final word on the company that pays his wages. ;@)

I also had a peak in the back of the truck....looked like a bomb had gone off, parcels and bags all over the place, nothing secured so everything was sliding all over the place.

Made me glad to be a loyal Royal Mail customer, despite of the current headwinds faced by the company.

Also note the market is being a little kinder to RMG today than the majority of the index (including all my shares which are getting a proper rogering) maybe I've been a little tough with my sub £3 prediction.

Still a sell for me at the moment until I have the latest trading info, may then re-appraise.

GL All!

Market very often gets it wrong!

I fancy a rise to 8.50 plus in days/weeks ahead.

Yes so it's a hold recommendation. Not a buy.

This guy Pearls is also spreading mis-information on the RMG board. I have filtered and suggest others do the same or at least be VERY wary and double check any info he/she commits to these pages.

All best FC