Member Info for mike1974

@Pauly70 - A reduction in the USO may well lead to a reduction in the workforce, but it won't require redundancies to achieve that reduction, it can easily be achieved through natural wastage, there are already 8,000-10,000 staff leave the business every year, simply by not replacing them they can achieve the required reduction in staff numbers.

@Henky - I'm sorry but I don't believe a word of that if you were in delivery.
I've not heard of any level of VR being offered in deliveries for years now let alone a package as ridiculously generous as you're claiming you received.

I agree, zero chance of redundancies on deliveries even if the USO does get reduced, most offices are sill relying on agency staff.
I handed my notice in a couple of months back after 21 years in the job, don't miss it or regret one bit.

Just like the last time we got promoted to the ftse100 the SP crashes once again, contrary to what it was predicted and expected to do.
It won't be long before the shorters are circling.
How does a share price lose 10 percent in a couple of weeks when there's been no bad news from the business, no downgrades from the brokers (in fact there's been just opposite).
Absolute joke

Had a self styled social media star in my old delivery office, all quite sad if you ask me.

Regarded all his customers as his personal friends and spent more time posting on facebook about what a wonderful job he did for them all than the time he actually spends delivering to them, constantly fishing for praise and those oh so precious 'likes'

In reality he was no more conscientious than your average postie, he was just an attention seeker and a master of self promotion.

I called it too soon and bough back in at 575 on Tuesday after selling for 595.

Oli, I have bough back in at 574p, only really doing it for the 10p divi, I'll be pretty gutted if it does now drop to 550p before it goes ex-divi at the end of he month!
In what way do you think the govt further handling of the pandemic could dramatically effect the business plan and investor sentiment?
Obviously another full lockdown would be good for business, but I can't really see what the govt could do from here on that could dramatically effect the business plan or investor sentiment in a negative way?

After selling some of my RMG at 595p I'm tempted to now buy them back again at 575p before the ex-divi date, can anybody see them going much lower than 575p this month?

OLI - RMG doing what it's always done and stubbornly refusing to respond to positive news.

Revenue and profits well up, a raft of broker upgrades, promotion to the ftse 100.... aaaand the share price slides.

Oli - It is weird isn't it , there are these serial CEO's who, no matter how badly they performed in their previous roles are guaranteed another position in the same or sometimes a completely different sector regardless.

Some eye watering figures there Red... and to think, as a humble postie who has recently left the business a little sooner than I intended meaning I've not held my Partnership and Matching shares for the full term, I've had to pay a whopping £2,800 in tax and N.I. on shares worth £5,100.
I'd hazard a guess that none of the people you've mentioned have had such high liabilities to pay on their remuneration packages when leaving the business.

Masses of consumer goods in perfect condition get destroyed every day, by both online and bricks and mortar retailers, often just unsold stock that they don't want to sell off cheaply and reduce the perceived value of the product.

So just like the last time we go promoted it appears to have resulted in no uplift to the SP whatsoever, in fact the SP has fallen since promotion, despite all the talk of the big funds having to buy in once we got into the 100.
I'm guessing any that did buy in did so prior to the actual promotion and it was 'priced in'?

Still hardly any reduction in parcels in our office from the height of lockdown 1 last year and mail volumes are higher than they've been for at least 5 years.
I'm pretty certain that broker's technical analysis of the company and valuations of the RMG share price are based on a bit more than a few posties claiming they're getting finished 20 minutes early at the moment.
The impending efficiencies brought about by increased automation with the parcel hubs, a probable reduction in the USO, a further streamlining of the workforce are all the kind of factors that are leading the current valuations.

Every RM delivery office is different, some do have achievable rounds and workloads whilst others are hammered every day.
Levels of parcels and pkts in my office are barely any lower than this time last year and still massively above pre-pandemic levels.
Mail volumes in my office are also probably higher than they've been at any point in at least the last 5 years.

Weren't they another of the Big Shorters not so long ago?

I don't think anyone is expecting the parcel volumes of the last year or so to become the ''new normal'' but it is likely they will stay considerably higher than pre-pandemic levels due all the new converts to online shopping.

Going forward it's more about RM becoming more efficient with the automated parcel hubs, reducing the cost base with a likely reduction in the USO and also hopefully our competitors becoming a bit less competitive with the long overdue action which finally appears to be being taken on the gig economy work practices which most of them rely on to undercut us.

@beatrootjuice - Parcels certainly haven dropped everywhere, in my office parcel volumes are still very much as high as they've been at any point since lockdown 1

I think I'm right in saying the 2 most recent significant drops have both been immediately after DK has made another large purchase? Which seems a bit at odds with what you would usually expect to happen.
Perhaps its just coincidence or perhaps the market is a bit nervous about his motives?

Back to the employee Partnership and Matching, I'd been buying the maximum from the start and for once in my life I seem to have made the right call as I stopped my contributions in July 2020, more by good luck than good judgement I bought all the way throughout the dip and stopped buying just before they turned upward.

I'm not even sure Wolves is a genuine postie, he's so unremittingly negative about the company, the workforce, the share price.
I wouldn't be surprised if he's just the very last of the shorters (remember them?) having long since missed the boat and desperately trying to drive the price back down