Member Info for OliGarch

Should see a little upswing in the SP tomorrow?

Was it sent in a parcel?....lol

Sid, you post 77% as though it's a low figure?
Anyway of those 77%, only 50.01% are required to be yes votes in order to carry the motion.
I'm not entirely sure what point you are making?

I would imagine that the caller's offices may be closed, but then again they're probably closing for good soon, but why would the Post Offices not be open?

Many thanks for this document. I have not seen this in it's entirety before.

So, if you are due to start at midday on Thursday 16th and finish at 10pm on Thursday then you need to go into work.

It's from 12:30 on Thursday 16th of February for 24, hours.
If your shift starts before 12:30 then you finish your shift on Thursday as normal.

The loss of annual leave should be 0.11499 hours for every hour of strike action.
Therefore, 8 hours of strike action will result in a reduction of 0.91992 hours of annual leave which will be taken from the 2022/23 allowance or 2023/24 allowance if there is insufficient leave to cover this.

AngerSharkz, I believe that you were interested in knowing which external advisors IDS are using?
An extract from the letter sent by Simon Thompson to Darren Jones on the 26th of January 2023.

External advisers advising the company on the transformation of Royal Mail (Questions 33-35)

You asked which external consultancies are advising on the transformation of Royal Mail. Royal Mail has
worked with a range of advisers to inform its approach to managing the significant decline in letters and
ensure we can grow our parcels business in an intensely competitive market.
In the current financial year, we worked with Korn Ferry on the reorganisation of the operational
management structure, and Boston Consulting Group supported us with our strategy around growth and the
network. At the 2022-23 half year results, we set out a five-point plan to restore cash generation and
operating profitability for Royal Mail. While the work on the plan was led by Royal Mail, the team worked
with advisers at Alvarez & Marsal and Deloitte on our operational transformation and to stress test the
business plan.

Jbt, I believe that the USO only relates to the basic second class service for letters, large letters and small parcels, although I am happy to be corrected on this point.
Now, if the above is correct and OFCOM altered the specification for second class from two days to three and the Delivery to Specification programme was brought back then this could potentially be a game changer?

AngerSharkz, I suppose it depends upon how you look at a business "going under"?
Currently, IDS has GLS which is currently making a profit year on year so there's very little chance of the group as a whole currently becoming insolvent and therefore rendering the UK operation as unable to trade.
Now, if IDS split GLS off as a separate entity and we were issued with RM UK shares that may be a little different from a shareholder perspective as technically the UK operation could become insolvent however just as was the case with Northern Rock (yes, I too had a UK Government backed mortgage for a little while) and more recently Bulb Energy, the Business Secretary would, I believe, have no alternative but to place the UK operation into special measures in accordance with part 4 of the Postal Services Act which I believe is a favourite bedtime read for Maximus...lol
I would suggest that if GLS was spun off then we would probably not be holding RM UK shares anyway?

There's no point in getting rid of Thompson just yet but once a deal with the CWU has been struck then I suspect that he will be off with a "golden goodbye" and a commendation from the BoD "thanking him for his leadership during a difficult time".
Then the next CEO will be wheeled out with exactly the same mandate, the SP will rise on apparent optimism but come the next round of pay negotiations it will be exactly the same scenario.
Someone once said that "the stock market only looks forwards" and this may be true but with this stock it's usually a case of "rinse and repeat".

AngerSharkz, tonysilverman, what's all this nonsense about "curtains for Royal Mail"? It's not even close to Venetian blinds and is never going to happen or be allowed to happen - that's the beauty of this stock. The only thing you need to worry about is getting some at the lowest possible price and either holding or getting out on the next decent crest before looking for the next low.
It's truly the gift that keeps on giving.

It might have to come down to the UK Government subsidising the USO if it wants to keep it in it's present format as I would think that it fits the "levelling up agenda" quite nicely? Just a thought.

Thanks AS and JB. I hadn't seen this article before and it popped up on my Google feed under IDS.
The passage that I found most concerning was "Liberum raised IDS’ share price target from 115p to 135p" when the majority of broker ratings that come up are much higher.

Released on the 30th
https://www.proactiveinvestors.co.uk/companies/news/1004652/royal-mail-a-sell-as-pandemic-revenue-boost-ends-says-broker-1004652.html?rel=scroll

Dynamo dear boy, surely by now you should have learned that the dog must be seen to be wagging the tail and not the other way around? Can't have those ruffian militant union types trying to run the show can we?
I'm sure that very soon some level headed chap will be along to tell us that OFCOM will see the issue straight away and change the USO to suit.
Now hurry along and don't forget to doff your cap on the way out.....lol

The full year results 21/22 were issued on the 19th of May 2022 and included this passage....
"Whilst 886 table top revisions delivered 2.1% productivity, and 166 structural or major change revisions delivered 5.8% productivity, 203 structural revisions did not go well and had a negative productivity impact of 7.2%.

We have been working closely with CWU to understand lessons learnt into next year and beyond. There are three things that need to be in place to ensure revisions go well; the operation must be stable before deployment; leaders must be skilled at a revision and must involve the frontline in all of the change"

So why weren't the 203 structural revisions revisited or even backtracked if they had "a negative productivity impact of 7.2%"? It makes no sense?

Dynamo, "the conference calls are great to listen to, with one manager after another asking how they are supposed to get the mail delivered, when they don't have enough staff at the moment."
It looks as though Thompson is trying to "right size" the deliveries to prove that the number of posties required to deliver to 32 million addresses, 6 days a week is economically untenable so the more service failures the better proof? I'm not sure if OFCOM will buy into this though?

Broch, as an employee, I know where you are coming from and totally agree regarding the chaotic management of the business which many investors are unable to see from the outside, however it's all fairly irrelevant in the grand scheme of things?
As an employee and a shareholder, I try and keep things separate, so as a shareholder I'm not really interested in the running of the UK operation as I know that in it's current format that the it cannot go under (a bit like Northern Rock and Bulb Energy) and there are protections in place to prevent this happening plus currently GLS is propping things up so it's all good.
I was actually hoping for a little more turmoil to help lower the price and facilitate some more purchasing.
This stock must be an absolute gift for the day traders with it's nice little peaks and troughs?