Member Info for OliGarch

It's interesting to note the differences between parcel volumes around the country. Some offices are reporting a slight increase whereas others a decrease. This may be down to more competition from smaller couriers in the more lucrative areas?
I'm not sure if RM have any fixed long term deals with fuel or utility companies, however an increase in fuel prices (for both vehicles and buildings) may well have an impact on the next set of results?
Incidentally, two of my children who work for a large fast food chain and large public house chain received pay increases of 7.7% and 9.2% this month and they didn't even need to ask!

https://m.facebook.com/TheCommunicationsUnion/videos/295261089307758/?extid=NS-UNK-UNK-UNK-IOS_GK0T-GK1C&ref=sharing

Redceo, thanks for sharing this. I didn't realise that sixteen large institutions had been given access to such a large chunk of the initial offering. I find this quite distasteful when so many private investors could not purchase their full allocation or any at all.
Cable's comment that " you have to leave something on the table for the investors" when asked why the initial offer price was low makes me wonder if the large investors left something in a brown envelope behind the radiator?
If it looks like a quango.....

https://fb.watch/cxay5zZTrL/

blockfire, "Maybe good news for the pay deal?"
That would be some heavy insider knowledge?

Yet BlackRock still maintain a 0.7% short?

This year's pay negotiations will be interesting. The union would like a one off, no strings pay deal that reflects inflation however I'm not sure if the shorter working week (each hour being the equivalent of 2.6% cost to the business) will be part of the negotiations?

Scampthedog, everyone by now will be fully aware that this is the annual/biannual ****ing contest between the union and management. I am led to believe that Ricky McAulay is dealing with pay negotiations this year so it should be an interesting battle. In the meantime, the shorters may be doing some of us (that have kept our powder dry) a favour? I believe that if negotiations are drawn out or go south then this stock could drop below 300p, however all in my opinion and certainly not professional advice.
Regarding your earlier post about. Kretinsky potentially making a play for RMG. It's certainly an interesting debate, however as you are fully aware changing or debasing employment terms and conditions to cause an all out strike wouldn't be the wisest move. I am sure that the UK Government would have concerns and The Regulator would certainly be concerned otherwise they wouldn't be doing their job properly. Of course RMG could temporarily employ secondary staff to cover potential industrial action however as Rico Back found out, it's expensive to hire staff in advance (only to then discover that the union have failed to hold a legitimate ballot) and then have to pay for extra employees for a month or more because the industrial action is called off.
In summary though, I am fairly confident that a solution will be found before the beginning of May because it's in everyone's interest however it may also provide some interesting purchasing opportunities ;-)

Scampthedog, I presume that your interpretation of "doing a hatchet job and wrecking the business" means selling off GLS and ParcelFarce?
Obviously this would be possible under private ownership, however, as you are no doubt aware, there are legal caveats currently in place that would mean that the UK operation would need to remain viable whilst meeting the demands of the USO.
I'm not saying that the UK operation couldn't thrive as a stand alone business, however it would make things a lot more challenging.

Maximas, if you are a Royal Mail employee then it might be worth putting a post on Workplace regarding this issue, or you could mention this on the employee survey?
This is just one of many areas where RMG could make savings. I have already highlighted the issue of lost revenue as a result of mail centres processing DSA using the wrong machine family (circa £6.5m per annum repaid to businesses plus we still deliver the mail) and the business even distributes a weekly spreadsheet to around 700 employees yet nothing changes.
There are many savings that RMG could make which are easy fixes, however there doesn't seem to be the will to do so.

It's obviously very important for RMG to update it's fleet although I suspect it will be another decade before the fleet is 90% electric as some of the more remote rural areas ( Highlands and Islands) will probably require hybrid technology or even current technology?
I have no idea what tax concessions that RMG have regarding fleet and electrification but it's probably not a good idea to put all your eggs in one basket when it comes to fuel choices at the moment?

Citadel have slightly increased whilst Millennium look to have dropped below the reporting threshold again?

AngerSharkz, confidence is everything here. You know as well as anyone that if the market isn't confident about a stock then the SP will drop regardless of the fundamentals.
What could totally throw a spanner in the works would be a ballot for IA by the CWU should pay negotiations break down. Conversely, should the next trading update look reasonable and the workforce are content then the SP should start to rise and the shorters start to disappear.
The question is, do you want a bit of discontent and therefore potentially a lower SP in order to increase your holding?

AngerSharkz, nobody has said that RMG is valued at £2.8bn and we know that the SP has never truly reflected the fundamentals, however, anyone who has been holding or following this stock since the beginning will verify that it has been the subject of some very heavy manipulation.

UNITE will not be holding a ballot. The managers are already running scared. I have it on very good authority from several sources that the ten newly appointment RODs (Regional Operating Directors) are already ripping into mail centre managers for poor key performance indicator figures. One in particular in south central was given a dressing down on the floor in front of the workforce.....brutal.

I have been informed that Ricky McAulay is handling the pay negotiations this year so unless Terry Pullinger has an ace up his sleeve...

I see Citadel and GLG have increased.
Shorts now at 4.05%.
https://www.shorttracker.co.uk/company/GB00BDVZYZ77/

Indeed Redceo. We have to be mindful that the likes of Citadel, GLG and Millennium lurk below the 0.5% threshold and briefly show themselves to cause unwarranted chaos.

The CWU are holding a two day meeting in Liverpool today and tomorrow. Terry Pullinger has released a statement an open letter to Simon Thompson regarding this year's pay award. By the looks of it, things aren't going too well so watch this space.

Dynamo, thanks for clearing that up. Since the start of this millennium (okay, it's only been twenty two years but it sounds longer...ha ha), my manager has had to reapply for his job on at least six occasions. He even lost his job as he was unsuccessful (about a decade ago) but was offered it back as the only other suitable candidate left to work for Amazon so I assumed that this was par for the course in management.