Member Info for mike1974

Oli - Yes obviously we all knew the USO was in place but I think it's fair to say that any rational person would recognise that in the face of drastically reduced mail volumes and mail becoming ever more irrelevant and anachronistic it would be entirely sensible to reform it.

The unfair penalization I was referring to was more regarding the various fines, vexatious and frivolous litigation and general disadvantageous anti-competitve business practices that RM has faced as a result of DSA.

Wirral boy - Not sure what point you're trying to make as you've answered your own question, for a long time the USO has been an anachronism and in need of reform in the face of obstinate intransigence from the government and regulator.

Oli - Is that a serious question?

Interference, intransigence and unfair penalization with regards to the USO and DSA to name just two issues.

It's remarkable this company is still viable at all with all the interference it faces from outside entities who have no right to try and dictate how it's run... from the press and public to the government, regulator and unions, all feeling they're somehow entitled to at the very least overstep their remit or interfere in something they have no say in whatsoever.

So you're suggesting DK doesn't have any real intention of buying the company and he's just acting in cahoots with the board in order to panic the government into reducing the USO?

Seems a bit too conspiratorial and far fetched to me but I suppose anything is possible!

Everyone seems to think that the share price will fall if DK's bid fails but I'm not so sure...

As many of us have said, this stock has been subject to blatant and persistent manipulation for a long time, the more I think about the more I think it could well have been DK that was one of those most responsible for that manipulation as it's in his interest to get the company for as cheap as possible.

If his bid fails he's still going to be left holding a hell of a lot of IDS shares, so assuming he's given up on his plans of taking the company over and wants to sell up he could then use his powers of manipulation to drive the price up prior to dumping his holding.

This is Money are reporting that the II's are set to reject the offer.

Good, I think it's well undervalued, prior to the bid everyone was firmly of the opinion that 400p would have to be the absolute minimum that could be considered for any bid and yet this disgrace of a board are willing to let it go on the cheap, a complete dereliction of their duty and a clear demonstration of their inability to perform their role.

If the bid fails I hope the shareholders can oust them ASAP.

Redceo - Yes it would be a win win for him to short the stock whilst at the same time having a long term plan to actually buy the company, small time private investors really don't stand a chance against the big boys that can manipulate the market at will.

Hounding, thank you for all that, very informative.

Cynical me is concerned that these "discussions" behind the scenes between the major Institutional Investors and DK could result in him making them an offer which allows them to make a nice little earner elsewhere in the market in return for accepting the 370 offer for IDS.

Cynical me is also starting to suspect that DK could have been responsible for much of the manipulation that this stock has clearly been subject to for a long time now as part of his long term plan to acquire the business on the cheap.

So if this offer is rejected by the shareholders can DK just increase it further?

Or does he have to make a fresh takeover bid all over again?

You'd think there would be an option for existing shareholders to be able to convert some or all of their current IDS holding into whatever the new business will be if his takeover is successful (DannyPost?) rather than just being forced to sell them now.

After all presumably shares are going to be available in the newly formed business at some point anyway?

But I'm guessing stock market rules don't permit that.

Aaaaw Derek, you actually believe that what we have in this country is "democracy"

That's so sweet, such child like naivety and innocence really is a beautiful thing.

Absolutely insane that a business is allowed to operate as little more than a parasite and cherry pick the most profitable aspects of the mail delivery pipeline AND RM are then forced to offer them access to their delivery network on very generous terms under the DSA agreement... and yet that cherry picking parasite business can still try and claim they've been hard done to and treated unfairly!

It is bizarre isn't it.

I don't think there's another share that attracts so much pointless, infantile and irrelevant chat and bickering on all of these discussion boards.

Even if the results are spectacular and a divi is announced the share price will register barely a flicker and any uptick will soon be driven back down again by the corrupt forces that have been manipulating this stock from day one.

Regardless of how good the results may be I'll bet the share price will barely flicker in response.

And even if it does register even a slight uptick it will be driven (manipulated) back down again almost immediately

RT003 - Aww bless, that's so sweet that don't believe individual stocks, in fact whole sectors of the market can be subject to manipulation, it must make life very simple for you to be blessed with such child like innocence and naivety.

I'm not sure why you asked the original question as you seem to already know all the answers.

No doubt part of the continued manipulation that this particular stock has been subject to from day one.

The fact that the price hasn't even risen close to the takeover offer of 320 shows just how much manipulation this stock is subject to.

Ironknut - I wouldn't go quite as far as wishing you dead but you are quite correct that your very particular and niche wishes and demands are irrelevant and not worth consideration... and a modern business shouldn't be expected to maintain an inefficient, costly and burdensome anachronism of a service obligation to accommodate your particular demands.

Sid ‐ I'd guess the tories are attempting to appeal to the grey vote with their stubbornness to allow change and reform of RM and the USO.

If shows just how out of touch the tories are with reality.. most pensioners these days are up to speed with digital communication and couldn't care less about letter delivery, in fact pensioners are the biggest complainants when it comes to unsolicited junk mail.