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Your just not getting it - so let me explain - if you lose contracts because of strike action ( and you will ,because consumers don’t care who delivers as long as somebody does ie eBay ) then there will be no jobs to protect - what don’t you understand about that. You can have all the fight you like ,but once companies go to some other delivery firm ,and there are plenty, you’ll be fighting for nothing because you won’t have anything left to deliver. Last time I’m saying it.
No mad - Rico won’t pay - you will and we will - your jobs will go and we will lose money - You are not hurting Rico ( he doesn’t care how many jobs go )only yourselves and we would lose anyway if change didn’t happen - so you go right on ahead with your 70s backward thinking - Rico will still have his millions - you’ll be looking around at all the jobs lost and yodel,Hermes etc delivering your parcels.
Turkeys voting for Christmas springs to mind.
Contracts not contacts.
Mad - firstly there has never been an all out strike since RMG were privatised ( only local ones) so you have no idea what damage/job losses will result from that. Secondly , the CWU have literally opposed every change over the years ( see wiki for details) - they are just anti change everting whether good or bad. Thirdly - Rico WILL push through the changes , he will have the backing of the 74% RMG owned institutions for sure and yes the employees can strike ,but they will only cause job losses and why ? You yourself said - contacts will be lost - and lost contacts equal less work equal less employees. Lastly, the changes that have reluctantly been made are tweaks - have you not seen amazons operation - now that’s change - and look how well it’s done through the use of technology and productivity. I rest my case.
Rico does know what he’s doing mad. He was the boss of GLS - you know - the one that’s providing the group with most of its profit. He is running RMG not Terry pullinger ,who is there only to protect workers rights, not to tell the boss how the company should proceed. He’s an arrogant idiot who is going to cost jobs, the very thing he’s there to protect. Yes we as shareholders will suffer in the short/medium term, but I’m afraid Rico does know how to make a postal company profitable ,he’s already done it, he’s just held back by an arrogant living in the past ,I don’t like change idiot who will be absolutely fine on his wages and pension paid for by employees who will end up with nothing to deliver and hence no job.
Crossed post there Fruit, but obviously thinking along same lines re GLS.
Having watched a couple of podcasts of Mr Pullinger , I now think that Rico must take on this aggressive “living in the seventies “ union leader. It’s going to be painful for us shareholders, but needs to be done. The CWU are very much in debt so will struggle to support action and if prolonged strikes do happen then public support and contracts will be lost and RMG employees will ultimately lose their jobs. The long term profitability of RMG dictates that the company must move with the times and that means change, like it or not. I understand that the SP will be hammered but no pain no gain is where it is. If I was Rico,I would split GLS off ,our main contributor of profits, and let UKPIL survive in its new slimmed down format that will come from strike action. I know there are plenty of posties ( Wolvesposty, etc) who understand what needs to happen and appreciate what they have as employees so let the rest who don’t get made redundant, which they will when the contracts disappear.
And Thankyou to Asperger for running it !!!!!
Have now made contribution to just giving for a great charity in memory of Mr Meerkat.Must admit I had forgotten about it, so apologies for late payment. I still hold a lot of shares here but also on other boards as Im down more on those than here( but down all round). Hopefully,now we’re free of the EU shackles, the UKs fantastic companies and great opportunities will be appreciated share wise, and maybe maybe even the Biased broadcasting corporation can finally accept the outcome. Some chance .
Indeed Fruit, there was a interesting article in last weekends paper basically saying that Germany is very worried about U.K. departure. After Germany we are the second largest net contributor to the EU budget , so they lose a considerable chunk of cash ( once divorce money exhausted) on top of possible car sales drop if tariffs are not sorted. Not sure how GLS will be affected if we leave on WTO terms but obviously In the EUs interest as much as ours ( on balance more theirs) for a good trade deal. From what I’ve read the UK financial sector will prosper whatever the outcome.
Well here we are on Brexit day. I know it’s off topic but it’s a big day for some,me included. I understand that some people won’t be happy about it but I’m certainly going to raise a glass tonight for getting back our sovereignty. We were never consulted about Majors signing of the Masstricht treaty ,we only voted for the EEC ( common market) not for a European Union giving away most of our independence as a sovereign nation. But as said I won’t be gloating over it as I understand that people are split , even my own family is, so a quiet celebration for me. Would also be nice if RMG and other U.K. stocks recover a bit.
Have to start somewhere though Derek - in ten years time that figure will be much nearer the 48,000. The markets are acting a bit strangely atm - not sure if that’s all down to the virus and implications for China and global growth but positive updates are resulting in SP declines - a bit unnerving . Don’t know if anyone else has noticed but we’ve been getting a lot more “junk” mail last few weeks.
Put a sell price on your shares ( way above current SP) and then even if your broker lends out to shorters, they won’t be able to with yours. I’ve held for some time here and think that someone’s got a huge buy order to be filled and no better way to do that than crash the SP. All imo. I’ve been told that Centrica have a buyer for their share of spirit , but not sure how relevant that is to SP.
Been away for a bit so quick check through posts - firstly Redceo ,hope your wife has recovered from her traumatic incident- never easy to get over something like that. I’ve got 17,980 at average of 242 not including the 24.5 p of divis picked up and reinvested albeit now at a lower price than my broker (via me) paid for them. So a bit under but like others in for the long haul. Btw I’ve got Charlie one filter so not seen what he/she posts. Pleased to see you keep posting Fruit , please don’t stop !!
Good point Fruit , they haven’t issued any profit warning and also lets remember that Rico spent £700.000 of his own money on Dec 18th buying at 234. Now,I know he’s minted but even I wouldn’t waste a tenner on something I thought was likely to lose me some of it especially if I was working in that company.
It’s very clear Derek that parcels need to be automated as much as possible and also a more “think out of the box” sales team . If I was Rico I’d get some ambitious youngsters in the sales team & trial a few of their ideas. With 90,000 posties going to every house in U.K. there HAS to be opportunities there, just need some bright spark to come up with it. Also as other posters have said, the ridiculous sick rate needs to be addressed - we used to have that on BG - employees used to actually count it towards their holiday !! - That needs to be sorted.Legacy of nationalised companies sadly and old militants like mad.Also from a holders view I don’t know why mad etc keep banging on about the SP ALL the time - I’ve already repeatedly stated ,for many it’s irrelevant- it’s the dividend that matters and keeping it sustainable.
Not often I agree with you Arsenal , but totally agreed.
STD - for some of us ( includes some II funds) the actual SP is irrelevant- the dividend and maintaining the dividend is what is important. Compounding the dividend over time is what makes the real money. So to me ,as long as the dividend remains then so do I, I know there’s always a risk it will be cut but I’m basing it on Group profits and very low debt ( 300 mill) before the leasing accounting rules changed ( so now 1300 mill) and the automation plan decreasing costs ( in the long term) . I do not need the capital to necessarily increase as my shares are in a sipp but obviously that would be nice !
Oilgarch,Derek - I’m not saying that hybrid is going to end up being the best option ,just that atm there is insufficient grid and charging points for full EV. RMG will have substantial fuel savings in the future as they progress towards EV or hybrids but the technology is still very early and as we know manufacturers stated figures are not “real world” actual mpg figures. It will be interesting to see how much of saving over the whole fleet it would be. Also government are likely to legislate for more greener company vehicles and that affects all the yodel/ amazon etc delivery drivers who use their own ( often old) vehicles.
I do automatic dividend reinvestment .My broker charges 2% commission up to max £12.50. So depends on amount paid in divi whether it’s worthwhile to take the cash ( and choice when to buy or not) . RMG will certainly need to turn to EVs over time as like you say it’s what funds are looking at nowadays. The issue is charging overnight ,as the bus companies are finding the grid can’t cope so they install very expensive holding chargers. My own view is that hybrid is the way forward, small petrol engines charging “as you go” is much better than pure EVs. But alas Greta thinks otherwise.