Member Info for IsleworthSpy

@ Commonsense.
I don't agree.
FWIW I've been invested in a company that has had a subsidiary spun off. Albeit, not on the level we are talking about here. Did it increase value? No!
You are putting an £8B valuation on RMG. When all I can see is £2.8B.
There are many more knowledgeable people out there. Kretinsky being one.
However, the wider market clearly does not buy into your thought process.
I'll also tell you what the market didn't buy into. The recent horror story that RMG were losing £1M a day.
Why is that? Or are you, the investors about to see a significant re-rate?

@ Anger.
So Berenberg are valuing GLS at 390p? Is that correct?
Are you saying, then, that post spin off (sell off), that that is the price that will be achieved?
When i say you, i mean Berenberg, that you clearly believe.
If spin off (sell off) happens at 390p, how do you get shares in the new GLS? How many shares would you need to hold in RMG to acquire 1 GLS share?
You have to bear in mind the current market cap. Berenberg's valuation of GLS is 390p. RMG valuation inclusive of GLS is £2.8 Billion, 290p per share.
Something doesn't add up.
And this market cap is before the guaranteed days, weeks, months of IA.
I think too many posters are holding onto the coat tails of GLS performance and valuation, as well as that investment guru Kretinsky.
The market cap is £2.8 billion. Including GLS. It's that valuation for a reason.

@ Commonsense.
So 400p for both?
If GLS is spun off, in your opinion, what do you think would be the new price for each company?

@ RGPostie.
Excellent post, that shows what the new starters are expected to do.
In my office, we have had several new starters in the past two years, some are still with us. Not one of these has been held to their contract. If these staff were to be moved around to facilitate Sunday deliveries, the daily failures would be even worse.
If that's what you have signed up for, then i'd say you're duty bound. I, however, am not. And nor are the majority of my workmates.

@ Commonsense.
"""Scenario 1. Unions strike - GLS gets spun off - share price rallies - probably 400p min"""
Is this the price that you think RMG would be at if GLS is spun off? If so, what price are you putting on GLS?
Or is this a combined price for both?

@ Anger.
I have to get up in a few hours, so this is my last post. Early morning o/t for the strike fund.
What if they decided to change your contract in "X" weeks time. To something that would be extremely detrimental to your life and that of your family? That's where i am.

So. We'll be on strike. Thompson ain't giving and nor are we. I hope your investment here does well. After all it ain't your fault.
And FWIW, GLS is under the RMG umbrella. RMG is valued at 290 million? So please don't think that if GLS is sold or spun off, you will suddenly be rich. RMG will depreciate by the same. You will have shares in both companies, if spun off.

@ Oli G.
You're getting good at this. LOL.
Maybe when you get sacked, as many here have alluded to, you should try stand-up comedy. I would suggest a keyboard as a prop. Something that you can hide behind. You warrior! LOL

@ Anger.
So, something you signed up for, and paid overtime!!!!
Wow. The very things RMG are trying to take away from us.
Another scenario which may align you to my way of thinking, regarding new t's and c's.
If your company decided that you had to work different hours, days nights, and it impacted on your daily life, and those of your children, would you meekly follow?

@ Anger..
"""which includes the pay offer and changes the company have proposed.""" The pay increase has been implemented, through force, the other 3.5% will not and cannot be factored in. We won't get it.

And not IF but WHEN IA takes place. RMG have put into place their plan for mitigating strike action. As i said, at least double the staff for delivery. How much will they be paid?
I think the powers that be are looking at a short strike. I'm looking beyond christmas.

@ Anger.
Thanks for that.
You forgot to mention the £120 Million dividend. Never mind though. I'm sure that this can be cancelled. Ex dividend day is the 29th. Can anybody confirm. I can't be bothered looking.

And going back to a different thread: Would you go back to 11am-7pm including Sundays, that some of your work colleagues are doing, if you were forced to? Or would you fight it?

@ Oli G.
I agree.
But the hysteria surrounding these losses is mental.
We must have had about 10% of our packets covid related. RMG knew months ago that this wasn't going to be around in the future.
Maybe our Si, had this in his mind long ago.
After all, we are only posties. We don't think, just push bits of paper through letterboxes.
Thanks for backing up my thoughts. I'm sure if we were both wrong, somebody would tell us.

@ Maximas.
I think the gist of your post is that all the posties, the CWU, should accept what RMG are trying to implement.
Well. As a postie i think that RMG should see sense.
Otherwise, it will be a bloodbath.
I have saved £450 for my strike fund. Paid for by RMG.
And why do you think within 2 years a lot will be even more missable? I don't know what that means, but why do you think that?

@ Oli G.
You will never get any direct answers to those questions.
If ST (aye) had his way, all changes would be implemented. Then the people whose idea it was, could walk away, take their salary and feel justified. Thompson included.
You only need to look at revisions. Their purpose is served, and move on to the next one.

Can anyone shed any light on RMG's statement about 92-million-pound adjusted operating loss?
The market clearly thinks that this statement isn't bad.
My take on it, is that it's a like for like comparison with the first quarter last year.
So, while not ideal, not nearly as bad as ST would have you believe.
Look at the price, investors.
One knowledgeable poster here predicted 250p. Well, the current price is about an 18% upside to that prediction. Is the market right or our poster?
And the dividend is still going to be paid. Why, oh why, would the dividend be paid if the company has done so badly? Unbelievable!!!
Is that coffee can smell?

News from Workplace:
Word reaches me that our great leader, Simon, doesn't understand why there is going to be a second ballot for IA.
Pop down to any office Si, i'm sure you'll get a reasonable response.
If you get there early enough, after Q & A's maybe you could go out on delivery. To help clear up the mess you and the hierarchy are creating. Any office will do.

@ Scampthedog.
When you say "our consent" you cannot include what you think.
You have clearly set your stall out, and you agree with everything that RMG are trying to enforce.

You obviously have some sort of insight into Kretinsky, the way you speak about his intentions.
So, i bow to your greater knowledge.

The strike is dead in the water? What, because you say so? I'm striking, you're not! That's one on each side.

Bring on Kretinsky!!!!!
I know you love DK, as do all investors here, but what on earth is he going to do to us posties?

@ Anger.
You're missing the point here.
I didn't ask what you did.
What would happen if your life of Reilly was flipped on it's head?
Would you readily accept these changes, going back to 11am-7pm, without some sort of a fight?

@ Anger.
We are not. That's why we have voted for IA regarding pay. And that's why we will voting on these new ways of working. Or the fact that RMG won't engage.
The share price will go down if we are allowed to strike. The very person who should be looking after shareholders will be letting you down. IMO.

@ Anger.
That was your post a few days ago.

""""JB - ‘It could be useful if the new recruits are signing up knowing it will include Sunday working which may mean reduced numbers of existing staff being required to cover Sundays.’

I understand the logic in this but we do the exact same thing in my company. New starters work lates (11-7) and weekends and those that have been there a while live the life of Reilly Mon-Fri finishing at 3 most days. It causes a lot of conflict and gives the managers a permanent headache. It doesn’t really solve the problem or change the culture it just moves it somewhere else.

It could be an option though, especially when the company are between a rock and a hard place.""""

Are you one of the employees who is living the life of reilly, and would you change so readily?
Or do you dictate your work times and preach to the lower level employees? And if you do, would you accept the 11-7 and weekends that are bestowed upon the new starters?