Member Info for IsleworthSpy

@ Anger.
This has reached me today.
I'm not certain if it has been cascaded before, so i thought i'd share it.
This isn't me making things up.

The last paragraph is my take on things.

@ jamtart1.
I wasnt invested when it was WET.
Can you elaborate on what happened in comparison to where we are now with ACP?

We have loads of graphite in the ground. Verified as battery grade and the tests, part paid for by CSIRO. (I still don't know why they done that).
Easy to extract, after what is being called a very cheap mine build.
An ESIA granted and mining license too. By the Tanzanian government.
I share your frustrations here, but what did WET proclaim to have in comparison to the above?

Over the last 3 months we have been losing 1M pounds per day. Costs in offices have not reduced quickly enough to match volume decline and we urgently need to respond.

We are therefore proceeding with an """emergency response""" revision programme. Our plan is to deploy 556 table-top revisions and 50 structural revisions. Table-top to be completed by October and structural by Q4.
Changes made to the revision process to simplify and enable them to be done more quickly.
346 DPR's into units that have been identified as depots as part of the revision process.

So, despite there being an agreement in place that no executive action will place, it is taking place again. The pathway to change is not worth the paper it is written on. I was under the impression that all future changes would be discussed, and then put to the members. Any agreed changes would have been agreed with the CWU hierarchy and put forward to the members with a recommendation to vote yes.
Well, that hasn't happened.

Strike 2!!!!

GLS has already started to use the alternative carrier in the UK which means that PFW will see a significant drop in volume and workload across all parts of the pipeline over the coming weeks.

So how does this work?

GLS charges 5 quid to get from the EU to an address in the UK, via PFW. RMG make a quid profit.
GLS then pays another company 3 quid to deliver this item. RMG lose 2 quid overall.
Thereby devaluing RMG, and in the process GLS.
Just random figures, but i'm sure the operating margins for these items is quite small.

@ Oli G.
Maybe the original request for an inflation-based pay rise when submitted, would have been the sensible thing to do.
Well ST didn't think so. And the great man has all the answers. So, we'll just have to accept he was right.
15% paid in January and backdated to April 2022. Plus, payback of any monies lost due to strike action.
I like the sound of that. Maybe i'll contact TP with this suggestion. Maybe i'll apply for TP's job?

Is now using an alternative carrier for its imported items to mitigate against the impending IA. PFW will be omitted in a temporary measure.
Feeding our competitors. What about all the agency staff?
At least we now know where this is leading.

And on another note: I've heard that the agency staff in place in certain areas are bringing back hundreds of items a day. I will have to check on that for corroboration.

@ bhargav.
If Monte Aguila decide to proceed with phase 2, will speak volumes to me.
While the cost is small fry to them, they obviously have seen something of interest.
I cannot remember a share where the sheer frustration with the share price, but also the elation that we have 2 of the biggest gold miners currently on board, is in equal measure. Roll on September. My fingers are crossed. Along with everything else.

@ Commonsense.
We have 5 agency staff coming into our office tomorrow, to view a video regarding the expectations of them regarding the delivery of "parcels". They are not allowed to touch letter deliveries.
They will be with us for ??? amount of time.
Apparently, this is in preparation for the strike.
How odd, that RMG cannot pay their "real staff" to clear their mail on a daily basis, but are willing to pay over the odds for agency staff. Maybe the savings made are facilitating this.
I'm not sure if this is my office only, but i believe that is not the case.
I'm sure, that the soon to be striking posties, will assist the agency staff. I certainly will! LMFAO.
But i'm absolutely certain that "those people who do not strike (YOU KNOW THE ONES)" , will do nothing to assist these workers. Once again, the carrot is dangled for non-union "people". They will be allowed to finish as early as possible. Thereby cutting their own throats on two counts.
For any shareholder here, that must be music to their ears. RMG are putting in place actions to mitigate the strike.
Well done, Simon. Strike dates to be announced very soon. I do hope that any action days do not fall on my days off. I'm looking forward to a 4 or maybe a 3 day week. Another 150 quid cash saved towards my strike fund. Now at £600. I think the overtime opportunity may fall away soon. It certainly should do.

In the words of a regular poster here: "What happens, happens".

@ Anger.
Ted Wainman is talking up the finances of RMG 2021-2022? I got that from the charts and his little circles. Do you think he is being negative on RMG?

From making millions and giving away millions, to losing millions in a few short months. Yet the market doesn't reflect this. Including ex-dividend day. If the 3 month update was as bad as some think, the share price wouldn't be where it is. IMO.

@ Ableton.
A great watch and thanks for posting.
It would appear that RMG are in a great financial position, going forward. It almost looks like 2% enforced pay rise was derisory.
How odd then that Simon doesn't see it this way.
Listen to Ted, Simon. It really is that simple.
Especially the tiny bit about industrial action.

@ Scampthedog
""""Not surprised every single postie at Peterborough depot yesterday turned their backs to Simon Thompson...I am told he was greatly embarrased and almost tripped over himself in his haste to get out.""""
I heard about this. Apparently, he was trying to engage with staff and shake their hands, and they turned their backs. He was also booed. He was then trying to deny anything untoward happened at Peterborough. I'm not sure what the great man expected. Thanks????
But it's only rumour.

@ DanInvestor
I'm as frustrated as the next person. Probably more.
I try to take heart from the fact that the ML was granted and the samples taken have been verified as battery grade by CSIRO.
It's not very nice watching my investment go down the pan, but i would be even more disappointed if i sold, took my punishment, and then missed out on any substantial re-rate.
I discussed my investment here with my son, a couple of weeks ago. He asked what my worst leaving price was. I told him 0p.
I may even buy some more. Nothing has changed since the ML was granted. Apart from the appointment of our new salaried, mine guru.

@ Commonsense.
"""Reality is Royal Mail is worth more than £1bn given £4bn of assets and GLS could be worth £4bn not £3bn.""""
Your post earlier.
£4bn + £4bn = £8bn. If i've read this incorrectly, forgive me. I know you broke everything down, but this is your closing statement.

@ JBT.
Thank you for checking up on me. it's nice to know somebody cares.
I haven't actually posted how bad things are in my office. If you ask me nicely, I will though.
I'm not actually interested in the share price. But you know that already.
The reason I post is to make investors know how the people that matter, the posties, feel about Thompsons ludicrous ideas. Absolutely nothing has been taken from his visits to delivery offices.
Posting on here has nothing to do with my interests. I'm not sure how that will change Thompsons mind.
I post here to give a reality check.
Just so that you are aware, i do not want IA, nor do any of my workmates.

As for my investment here. I had a 12 grand order placed at 110p. It never got filled. The lowest price was 119p. I could give you dates, but i'm sure you've already checked.
I also stated that i might place an order for the same at 100p. Of course, this price will only be achieved with IA.
Maybe i'll put in more, who knows? Then i will have a vested interest in the share price. But at the moment, nothing.

@ Maximas.
""""Your friend who’s heavily invested could be extremely smart….strike…company split…nice profit.
Pleeeese strike:-)"""""
Another ill-thought-out post. My mate. What's his average price?
Fools rush in, eh?

And it's Pleeease!!!
Even this lemming knows that!

@ Anger.
The market cap of this company, GLS included, is £2.8B.
That's all I need to know.
So, while your figures may be correct by whatever forecasts you use, these are not reflected by market sentiment.
I'll stick by the £2.8B valuation. That's what this company is worth, before IA. Regardless of Kretinsky, Director's wife or Blackrock.

A couple of questions for you, and anyone else who would care to answer. In your opinion, do you think Thompson will let this strike (and the next balloted one) go ahead, and why?
Why do you think he folded so tamely regarding the management strike?

@ Scampthedog.
In my limited knowledge.
If GLS is spun off as a separate entity, RMG will retain a holding in it. GLS will be apportioned a value, shares in issue, price etc. RMG holders will get shares in GLS. Of course, all of this will be determined by the current value of RMG.
If GLS is sold in it's entirety, then a different value will be apportioned to it. Whatever is paid. I do not know how this would affect the RMG price. But if these values that i'm reading here about GLS are a guideline, then RMG would be valued in minus figures. In line with the current market cap.

@ Maximas.
Another ill thought out and provocative post.
For your purpose only. I really don't care about the pay rise. But i do take umbrage to the dividend pay-out from last year. Management bonuses for not meeting targets. And the now the apparent collapse of the company in the past 3 months.
I will never back down from what Thompson has said what he wants. It's not about pride, it's about my life. And i don't care if the price goes up. How is that a win win for me?
Serious concessions have to be made, but i won't be making them.

And it's can't or cannot!!!!
Even this lemming knows that!

@ Anger.
I did mention Kretinsky in an earlier post, but in a different thread. I still don't get it.
The director's wife? I do hope that there is no inside knowledge there. Why would the director not buy?
And regarding "throwing everything you can" at RMG. It is just a comment based on your positivity regarding the apparent valuations of RMG and GLS.

Finally. "Threatening the shareholders to make my situation better?" Is that what you think i'm doing?
I'm putting a voice forward from somebody who is not financially involved. I'm telling you and anybody else who wants to read my constant drivel, how we feel in delivery. A workmate who is heavily invetsed here, has voted to strike. What does that tell you? You believe the narrative of the optimistic here, i'll believe what i know.
I'll say it again, if Thompson doesn't change his mind we will be on strike. On 2 counts.

@ Anger.
If you believe that, then you'd be throwing everything you can at this.
But so would everyone else. And they're not.
IA is around the corner, on two fronts. Make no mistake.
Should this be allowed to take place, the current price will be something to look forward too.

And regarding RGPosties excellent summary of what the new starters have signed up for, this is the only time i've heard that it is being implemented. All the "new starters" on these contracts in my office, work in line with the full time staff, and duty scheduling. A rolling day off. The same finish times. And no Sunday working.