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More manipulation?... As soon as someone opens a short position the SP mysteriously and unexpectedly drops by 4.5pc based on nothing whatsoever.
mhudson - Well it's a good job not all posties are as bone idle and workshy as you are, or else you'll never see your hoped for 600p
Pottyafc - I think you'll find that things are ''not good'' across pretty much every sector of the economy right now with delays, shortages and reduced services mainly due to covid related staffing and supply issues.
I'm not sure why this is a particularly noteworthy issue for it also being the case with Royal Mail ?
Is RM supposed to somehow be immune to the staffing problems and issues effecting every aspect of the whole economy?
It's so funny when these amateurish attempts at driving the SP down with scare stories appear from our wannabe shorter friends.
How can trades, especially such big trades, go unrecorded as to whether they're a Buy or Sell?
Surely that must be against some form of market transparency regulations?
wow that is surprising, I agree it seems odd that such big purchases don't have any impact on the SP, as ever one can only assume its down to manipulation..
Won't that just have been the daily uncrossing trade?
Thought we might have nudged up a bit today before going ex-divi, but it seems RMG still remains unloved and ignored.
Even before all the covid nonsense RMG had a habit of always acting contrary to the ftse.
I'll show my arse in Woollies window if we see a 15pc rise on results day even if those results are fully in line with or even exceed expectations.
Who exactly is there who should (in theory at least) be in a position to investigate market ''irregularities'' such as this?
The FCA?
This has to be down to manipulation, I can only guess there are numerous undeclared short positions doing their thing.
Just one slight point of clarification to Fishcakes post... If the posties shares are sold early the tax liability transfers from the value of contributions made to the value of the shares at the time of sale, as I found out to my cost (although it still wouldn't have stopped me from leaving the business when I chose to)
Seems a very unfair practice to me, just a form of stealth CGT that only applies to people who partake in an employee share scheme but for reasons sometimes out of their control find they can't remain in the business for the required length of time.
Oli - shorters are getting involved because they know they can create a self fulfilling prophecy once they start colluding with one another and practicing their dark arts of share price manipulation.
The figure of £1000-£1,800 is complete nonsense, the average back pay will be closer to £300-£500 based on those who have already pursued this and received their pay outs.
It's absolutely ridiculous and quite bizarre if UBS really are basing any of their analyses on whatever they may have read on RM Chat.
The number of active and regular posters on RM Chat represent a tiny fraction of the whole workforce, but the vast majority of those that do post on there are the serial moaners and permanently disgruntled of which all businesses have an element of within their ranks, it's simply the case that with RM Chat they happen to have a very open and publicly viewable forum to express their negativity and pessimism.
I've been a postie for 22 years and the type of people who post on RM Chat and the opinions and attitudes expressed on there represent the feelings and sentiments of about 2pc of the workforce in my opinion.
Complete corrupt manipulation of this share... every other major broker has a hold/buy rating and valuations averaging over 600p, one single broker downgrades to a sell and the price immediately crashes to meet their sole valuation.
ebygum - The big MC's have long got away with working practices more akin to the days of Red Robbo in the 1970's, 3 men doing the work of 1 etc.
It's the delivery side of the business that has been pared to the bone and yet still gets relentlessly targeted for ever more efficiency savings.
Oli - I agree, 7 days for parcel deliveries makes perfect sense but still reducing the letters USO down to 5 days, or possibly even less, makes sense with the current uneven letter volumes.
Wasn't it any time now that the first part of the process for applying for reduction in the USO with OFCOM was supposed to be getting implemented?
I'm still amazed at how long these parcel hubs are in the making, 3-4 years just to throw up a big metal shed and install some already industry tried and tested parcel sorting machinery... I'm pretty sure Amazon etc wouldn't take a quarter of that time scale to get a similar operation up and running.