Member Info for OliGarch

Thanks AngerSharkz.
I can't see the managers going out on strike as the majority (certainly in my office) don't really believe in the union anyway.

AngerSharkz, could you post a link to the Evening Standard news article please?
As far as I am aware, there are no plans to fire and rehire any managers plus UNITE are fairly ineffective within Royal Mail otherwise the managers wouldn't still be on a 45 hour week, plus they had to rely on the CWU to sort the pension fund debacle out.....

Thank you Redceo. Just sitting below the waterline...nasty.
So the true figure for the shorts is 4.32%.

Slight increase.
BlackRock 0.61% 0.07% 2 Mar
GLG. 0.52% 0.15% 4 Mar
Marshall 1.71% 0.09% 28 Mar
Millennium 0.54 0.05% 24 Mar
Total 3.38%
I would also think that there are some more, such as Citadel, lurking below the 0.49% threshold so the true figure is probably a little higher?
In football terms, RMG would appear to be the Norwich City of the FTSE. It performs well in the FTSE 250 but seems to struggle in the FTSE 100. Perhaps (as far as the SP goes) it would be better off out of the limelight in the FTSE 250?

Yet another increase in short interest.
BlackRock Investment Management (UK) Limited 0.61%
Citadel Advisors LLC 0.62%
GLG Partners LP 0.52%
Marshall Wace LLP 1.53%
Total 3.28%

Redceo, at a time like this, the prettiness of financial dealings are immaterial. Family and friends are what really matters and I hope the intervention of the international community are enough to bring this horrible series of events to a peaceful conclusion. Every day, I watch the news with disbelief at this situation knowing that I have grandchildren growing into this world whilst I am an old man who powerless to prevent current events. I know that you will do all that you can to keep your loved ones from harm and I prey for a peaceful solution.

https://www.facebook.com/TheCommunicationsUnion/videos/royal-mail-have-responded-to-our-letter-on-pay-and-it-is-simply-not-good-enough-/808496293461897/

Redceo, I would agree with you if the overtime multipliers were decent but the truth is that they are barely above basic rate for some grades and actually below basic rate for others. This is done to deliberately discourage overtime.
Overtime has traditionally been on offer as a way of providing the business with flexibility when necessary without the need to employ additional staff and/or agency staff.
On the subject of Sunday working, both the business and union are committed to providing a Sunday parcel delivery service (initially on a voluntary basis) but going forward this is a flawed business model as it would rely upon staff agreeing to perform overtime. The more obvious way would to make every day a working day and incorporate the Sunday duties into the working week but that would mean employing more staff so either way it's going to cost the business more to achieve this.

So, presumably the Stockport depot isn't operational on a Sunday?

SST, "staff being asked not to book overtime?"
Where did you get that from? It's certainly not the case in my office at the moment.
Anyway, I'm pretty sure that if staff aren't booking overtime then they are certainly not doing any extra hours as a charitable donation.....lol

hjkl, I think that you will find that both the RMSPS pension and RMPP pension funds are amongst the best managed in the country, especially as the RMSPS pension fund which deals with RM pensions up until March 2012 is effectively backed by the UK Government.

.....although there might not be much of a planet left if the Ukrainian situation isn't resolved amicably.......

mike, I don't follow your logic. Surely it would be the short seller that is buying the stock at a lower price in order to return it to the lender? If the company is also trying to purchase it's own shares at the lower price at the same time then I would expect to see the price rise due to the higher demand for the stock.

Ruxi, letter box collection mail is currently down although this is normal for January and February. DSA mail is, if anything, slightly increasing although this is also normal as we come to the end of the financial year and budgets need to be used.
As far as the projected recession goes;
My prediction is that there may be a slight drop in parcel volumes across all mail couriers however the last two years have changed purchasing habits forever. It's strange to note that many people and families still manage to make purchases through tough times despite the amount of food and energy poverty.

Apologies scampthedog as I may have got my wires crossed regarding Mill Lane.
I can't vouch for the parcel operation but I do know that there are definitely no plans currently that involve closing or moving any part of the letters operation although I can foresee this happening in the next few years, as I have previously posted.

blockfire, that is correct. Solystic make a fantastic small scale tilt and tip parcel machine and we know that the quality and reliability of the machinery is very good as we already use their equipment.
The issue for some of the smaller Mail Centres is that they have recently had to make way for additional Solystic sequencing machines as part of the Delivery to Specification project which has decreased the available space in the building not only for the extra machines but also additional storage space for the mail that has been held back.
The small Solystic parcel machine is small and can be configured in various ways but my understanding is that some of the inward sortation selections would still require a second break down (due to having a smaller machine and therefore less available selections) thus requiring more storage space and manual handling for the secondary sortation.
Additionally, not all buildings are suitable for expansion either because the site itself isn't big enough, the layout doesn't work or it is not economically viable.
The future development depends upon how long term the BoD and senior management are looking ahead. Personally, I would like to see the BoD splash the cash on some innovative solutions and new buildings but these people are more restrained than I am so I expect that the smaller Mail Centres will end up transferring part (or all) of their operation to their nearest large Mail Centre and potentially see some of the smallest Mail Centres close.
As a side note, in the '90s, one of the then rising stars in the business worked out that RMG would only require twenty six Mail Centres at strategic locations in the UK which was in line with the Dutch model of each office being ninety minutes away from each other by road. Perhaps this is the master plan? The rising star went on to work for ..... Amazon :-)

ebygum, absolutely correct. Unfortunately in the offices that don't have parcel sorting machines and are therefore still sorting manually the double (and sometimes treble handling), especially inward sortation can be very costly.
Ironically, it looks as though my office will need to relocate as the building is not able to house a parcel sorting machine and the associated manual operation. I queried this but our Mail Centre Manager assures me that a substantial manual operation will still be necessary.
Interesting to note that both the local Amazon and DPD depots only form of parcels automation appear to be basic conveyor systems.

Scampthedog, as I understand the situation, NWDC in Mill Street will be relocating to the new Warrington hub, however Warrington Mail Centre in Orion Boulevard is staying.

Scampthedog, I read your posts on the new Warrington hub and was quite concerned when you mentioned "I believe staff from mail centres that are closing down in Preston, Chester and Manchester (those whom have not opted for V.R that is) will also be making up the numbers".
I have contacted a colleague in Preston this morning and he has assured me that neither Preston, Chester or Manchester Mail Centres will be closing and the new Warrington hub will be taking approximately eighteen percent of parcels from each of these Mail Centres in order to ease the load.

It looks like Millennium Capital have slipped below the 0.5% reporting threshold again. Hopefully this is a good omen?