Member Info for mike1974

I agree.

I suppose there will be a degree of profit taking, but under these circumstances you'd think the vast majority would be wanting to hold and plenty looking to buy in and yet the price hasn't even risen to match the derisory 320p that is believed to be his first bid.

As ever with this particular share it all comes down to manipulation... the same manipulation that saw it conveniently lose over 20% of its value in just a couple of months this year based on no bad news whatsoever, and then DK magically pops up with a bid.... Coincidence? I think not.

What a surprise, a couple of posters with no other history of posting on IDS suddenly pop up saying how a derisory 350p would be a good price that they'd be happy with.

Mates of Daniel are we fellas?

Yet again this stock manages to defy all market rationale.

It's understandable that there would be a degree of profit taking but under these circumstances you would expect there to be a far higher level of buyers looking to take advantage of a potential buy out.

The fact that the share price hasn't at least gone up to the rejected offer price of what is widely reported as being 320p once again defies all logic and yet again I can only find one word to account for it... manipulation

People being a bit harsh on Henky here... yes the market is down, around 1.7%.

But, of course, good old RMG/IDS can do a much better job of falling than the market manages to do... and is down 3.7%

Beatroot - That's your opinion on Royal Mail.

What's your opinion on IDS?

Darbo - And therein lies the problem with the USO in its current format, it's QoS requirements essentially don't differentiate between stamped/franked dated, time sensitive correspondence and junk mail that can be delivered as and when.

Oh Derek you really do tie yourself up in knots with your ideological nonsense and strange obsession with junk mail don't you.

On the one hand you're one of these conspiraloons who believes RM are deliberately destroying your precious letter delivery "public service" with unnecessary and excessive pricing... yet at the same time you're claiming direct (junk) mail is highly cost effective with a great ROI for the sender.

I'm afraid you can't have it both ways old boy.

A rather pointless article in the FT comparing Poste Italiane with Royal Mail.

I'm sure RM would be "bringing in the cash" if it was only delivering every other day and receiving a €1.4bn subsidy and still effectively held a monopoly for the whole postal network including offering financial services.

https://www.ft.com/content/31b01b82-8bda-40cf-ae70-f5c08a854df7

The current USO basically doesn't differentiate between an important first class stamped or franked letter and a Chums shoes catalogue which isn't time critical and in most cases the recipient doesn't want and gets thrown straight in the bin.

At least reforming the 6 day uso to only apply to first çlass letters mail is a step in the right direction to making it more efficient and cost effective.

Time 2 kill - But at least redeploying those staff to deliver parcels on the 6th and probably 7th day will be a lot more profitable than having them traipsing around delivering 1 letter to every 3rd or 4th house on a round.

It's nothing new at all with this share, from day one it's been subject to blatant manipulation with constant swings both up and down based on no news whatsoever.

I doubt there's any other ftse share has been subject to so much constant "volatility"

Absolutely normal for this share to rise or fall 10-20% based on no news whatsoever.

Pure manipulation from those who benefit from the constant price fluctuations that they themselves engineer.

Why this kind of blatant Manipulation isn't investigated and treated as seriously as other fraudulent and criminal stock market practices is a mystery to me.

Yes good point Redceo, I suppose the majority of the shares ever since the IPO have and are still being actively traded by professional manipulators rather than being held long term by more passive investors

Redceo - It's still frustrating that they're allowed to get away with such blatant manipulation and I've still never understood why RMG/IDS seems to be so susceptible to it, to my mind its no different to insider trading or boiler room pump n dump scamming.

It's just doing what it's always done... being heavily manipulated by the MM's (Market Manipulators)

I've not watched it yet but the pushing the York around sounds like a variation on the old "York challenge"... A game where workers at the MC's would see how long they could spend just pushing an empty York around the Mail Centre without any managers noticing or questioning what they were doing.

Apparently some were able to achieve a win by spending their entire shift doing it.

The ironic thing is there is far more justification for renationalising rail and utilities, both are far more essential services than letters mail and both are seeing ever increasing demand from users and consumers.

Where as letters mail is becoming an ever more anachronistic, unnecessary and irrelevant entity.

Perhaps Labour will also be looking to reintroduce Street Lamp lighters and night soil carters?

Derek - Please stop continually embarrassing yourself with your ever more desperate and delusional attempts to justify the USO remaining in place in its current form, it's truly cringeworthy.

The only posties who are really opposed to any reduction in the USO are the types who come on here... vociferous old timers, workshy Marxist union agitators.

They forlornly cling on to the delusion that RM can somehow revert back to being a "public service" and they can once again enjoy all their cushy little numbers and Spanish practices and be sat at home with their feet up at 10am whilst getting paid until 2pm.

I hate to break it to Broch and Derek and friends but those days are never coming back.

Well that was entirely as expected...

Whining members of the public with their exaggerated tails of woe, soon to be seen in the Daily Mail putting on their best sad face whilst pointing at their letterbox.

Vested interests in the form of a representative from some greeting card manufacturer association who seems to think RM should maintain a loss making network just so that their increasingly meaningless and irrelevant greeting cards industry can limp on.

Vested interest union leaders who don't want their membership subs gravy train to be reduced.

At least the final contributor the postie spoke a lot of sense and acknowledged that letter volumes have massively declined and its completely unfeasible to retain the current level of USO.