RE: Trading update8 Sep 2019 15:08
Quin. It reads well.
And Royal Mail is undergoing significant restructuring to create a parcels-led business to capitalise on this trend, measures which are driving volume growth ahead of the broader market. The FTSE 250 firm has much more up its sleeve too, like new parcel hubs to improve delivery from large e-retailers at home, and scaling up its GLS arm to win greater business overseas.
Right now Royal Mail is dirt-cheap, trading on a forward P/E ratio of 9.5 times. And I think such a rating fails to reflect the exceptional long-term opportunities for its parcels business. Combine a whopping 7.2% dividend yield too, and I reckon itβs a white-hot income share to buy today