Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
U.K. debt is dwarfed by US debt (25 trillion and counting) debtclock.org and will become quadrillion before long - scary numbers but in reality will never be paid back. We live in a world of numbers which influence so much including Lloy SP. it will be interesting to see how this all pans out but my guess ( and hope) is that the U.K. banks and financial institutions will come good once fear is replaced by greed (confidence) - just another cycle all said and done.
So ScoutS you knew how to do it better did you ? Plenty of armchair know it alls with “hindsight “ wisdom think they have all the answers. The truth is this is a new virus that took us all by surprise and the gov have done the best they can but obviously made mistakes as errrr it’s a new virus affecting pretty much every country. None of us know what’s going to happen with the economy and hence our shares but would be nice if at least the media had some positivity rather than relentless gloom and doom .
You don’t need the certificate - all you need is a copy of your brokers statement to show you actually do have the minimum 100 shares. You can do this by taking a screenshot or copy and then email it at least three weeks before departure. Blank out any sensitive account details . I’m holding just the minimum here and quite surprised by the rebound . Never can work markets out - lost loads and gained loads when I think otherwise. Stay safe and well all.
I’m afraid everything is going down 3/4/5 % a day and mostly down to corona virus. The knock on effect on the global economy has spooked the markets big time. The thing is we don’t know when a vaccine will be made, we don’t know if it will be a pandemic and we don’t know how spooked the markets will get. Might be time to switch in to some healthcare companies or maybe just switch off the TV & iPad for 6 months. What you don’t know about can’t hurt - right ? And then all will be good again ........................... or not.
I think the regulators , ofcom in RMGs case and ofgem in utilities etc have a large proportion of blame to take in the way our UK companies have deteriorated. They seem to punish any profit they dare to make and open up competition in an unfair way. Centrica is another prime example where they’ve been squeezed so much that they now run at a near billion pound loss. Ofcom should ( but probably won’t) help RMG with the USO - it’s policies like these that contribute to companies struggling and yet media portrayals of being greedy . So not the case. RMG IPO at 330 - current SP 181 - nearly half price ?
Agreed Fruitster - sensible views from either outlook are welcome but abuse not. Ringo007 now filtered. And please Teslo keep posting. Nice to see a bit of a recovery but let’s see how the ballot goes.
Just shows the typical militant my view only ,type of person you are mad. Someone who is a postie comes on here with a sensible contribution and you resort to abuse. You need to have a word with yourself.
Yodel also use map tracking with numbered deliveries and what number you are. This is why Rico wants the modernisation plan underway right now. The competition will take business off RM ,be sure of that, if strikes disrupt deliveries. I despair of the attitude ( of some ,not all ) of RM employees being so desperate to take on RM board( twitter feed). They seem hellbent on destroying their own jobs - just unbelievable.
The TP clip is actually shocking. I’ve said all along he’s an aggressive idiot who has no interest in negotiating. I was myself a member of union when on BG and they work well when doing their job which is ensuring fairness in disputes with management etc. Posties do a difficult job for a very fair wage and T&Cs and agree that age doesn’t matter so long as you can do your job. But this is about transformation which will happen and would be far better with sensible union backing and overseeing, not threats and foul abuse from the likes of TP.
Agree with that Teslo. Rico May be unpopular amongst employees, but he made GLS what it is today, a profitable streamlined company . And wants to now do the same with UKPIL. He didn’t oversee the four pillars agreement , that was Moyas legacy. Rico knows what needs to be done for the company to survive , sometimes that’s unpopular actions, but better that than administration. It’s not nationalised any more Mad.
Mad - let’s address those points; firstly RMG are not the best according to several surveys inc the money saving experts survey of 7,700 people who use couriers - DPD were voted the best for the sixth year in a row ( so only your opinion I’m afraid). Secondly - other couriers will very quickly take your business , that is a fact. Thirdly - two years ago letter volumes were higher by some 17/18% than they are today and declining rapidly. Such letters help pay employees obviously. I’m fully aware that both sides have made mistakes and relations are at an all time low , but this is not all down to Rico. TP is unwilling to sensibly negotiate unless he gets only what he wants - not the way forward. You do what you have to mad but one things certain - I might lose ALL my money on RMG, but if I do ,then you would have definitely lost your job - fact.
Normal guy - it’s obviously sad that jobs will go but I’m afraid it’s a fact of life nowadays that you have to evolve and adapt to the market. 1 in 6 jobs may go but that at least protects the remaining 5. If the company doesn’t modernise then far more than 1 in 6 will go. The likes of Amazon logistical ,Hermes , yodel etc etc are waiting to pick up those contracts - just look at eBay sellers disgruntled with RMG now ,and will switch in an instant to another courier if needed. Automate and improve or flounder and crumple with much bigger job losses than 1 in 6.
Have a great holiday JB.
Some really well put posts today ( makes a nice change). I’m in full agreement that the five year plan and innovation must happen. I’m afraid the likes of mad ( and his posts of “begging bowl”) sum up the attitude of TP and that is no way to solve the issues. The realisation of posties losing their jobs if they strike ( for any prolonged period) is real as Teslo points out - the end user has spoken - Parcels/packets are the future not letters, and if strikes lose customers to competition ( which it will) then as stated jobs will be lost and change forced on what’s left of UKPIL . We as shareholders ultimately have GLS as “the diamond in the rough” as they say. Hopefully the likes of mad and his “brothers” will be out on their ear and posties that accept change fully behind making what’s left of the company profitable.
Yes it sums TP up - his aggressive tone has been seen on all the pod casts I’ve seen. It’s obvious he is not the sort of person to sit down over a cuppa and sift through the issues - it’s a his opinion only type of chat. Much as I don’t want to see my investment suffer , I also want Rico to take on the CWU and get through his plans, as after all he’s the boss and the one who knows the business inside out ( Look at GLS) . He may be overpaid which TP is very jealous about, but it’s people like him that transform companies. There’s a reason why they are rewarded so highly. I do hope he splits GLS from the group as that is imo how it should proceed. We see it happen many times where a profitable part of a group bails out the unprofitable part. And after all GLS were nothing to do with RMG prior to privatisation( as far as I know - correct me if wrong)
Hmmmmmm - another aggressive interview from Mr TP. He may well be right on some issues but with an attitude like that I’m afraid all I can see is loss of contracts and job losses - they go hand in hand and eventually a much slimmer streamlined business will emerge. Not good for anyone. My 2/3 year hold may now have to 5/6 .
So I find this odd - carnival ( cruise line) share price barely affected by the coronavirus and yet should have severe implications for bookings .....and yet RMG with a pretty much in line of expectations update gets hammered - how does that make sense ? I think there’s a lot of weight behind Fruirssters passive investment theory so it would seem it’s best to invest in vastly inflated SPs so long as they have sentiment behind them. So does that mean that fundamentals are worth diddly squat these days ?
Nuri - it’s the threat of IA and missed productivity imo. Hopefully the institutional funds will put pressure on the board to hive off GLS. Despite what some like mad etc say , IA will result in lost contacts and major job losses. This is not 1970 when RMG had a monopoly on post and as previously stated ( and in update) companies will go elsewhere. The posties will be basically giving themselves their p45s.
That figure of 1.3% productivity ( 2% target)and the 1% decline in letters are the main negatives for me and show even more why GLS should be split off from the group. As we shareholders have said ( and proved by some loss of volume when IA was threatened) the staff need to be very wary of IA as contracts will be lost. Overall it’s what I expected, but Rico needs to hive off GLS and let UKPIL survive on its own . That way the transformation will be forced through much quicker.
Oilgarch - I was deliberately being extreme to get the point across. I know that not all jobs would be lost. The train strike is different because commuters have no choice (bad traffic) whereas companies that use couriers do have a lot of choice who delivers their parcels. Consumers are very fickle and just want their orders delivered, the likes of eBay would soon swap couriers if a prolonged strike affected customers deliveries. If RMG lose contracts such as eBay ,they would be very difficult to get back and as we know letters are declining ,packets/parcels accelerating. Trust would be lost and RMG forced to cut labour as they lose parcel/ packet business. That’s the reality for RMG staff.