Member Info for Scampthedog

...and I am adequately happy with the outcome also.

Having said that though...a little disappointed with the £500.00. Would have preferred the £1500.00 and 2% myself...plus the proposed added 6% next year of course.

But...happy enough. However, don't fancy the rodgering.

or suffer absolute decimation; because thats roughly about how many posties will be quickly out of a job if this final offer is refused.

Anyone who thinks differently (and I mean - ANYONE!) nees a swift whack on the side of the head.

The Board and Kretinsky want that USO quickly modifying -- some chance! Not in the near future anyhow. However, there is more than just one way to skin a cat. If the posties refuse this offer (and worse!) and should then take part in
more strike action...the company will undoubtedly enter Administration at some point. This suits the Boards purpose just as well. The Administrator (the poor b.st.rd!) would have no choice (and the Board and Kretinsky are fully aware of this) to very quickly inform the Government -- that Royal Mail could no longer totally fufil the obligations of the USO. In effect, the Administrator would achieve, by the stark fact of having no other option and staring impending liquidation for the company right in the face, what the Board and Kretinsky (so far) have not (well...not legally at any rate) been able to achieve: a lessening of the restraints placed upon the efficiency of the day to day running and performance of the company when attempting to compete in a highly competitive and fast changing courier market.

So...to summarize: to vote against this offer would be worse than turkeys voting for Christmas. Why? Because, at the very worst, the turkeys would survive for at least 6 more months. Where as for many thousands of posties...they would be lucky to see out the next 6 weeks.

Take it or leave it, Brother Turkey. Personally...I couldn't give two hoots anymore.

Mind you...owls always did have a lot more of the old 'common' than turkeys.

Gobble, gobble!

P.s and don't think for one moment the Board are bluffing with the threat of administration. Its not a bluff...its the cold, harsh, inescapable reality of the situation that is hanging above the heads of all posties right now right at this very minute.

Period.

Thank ****! ...its finally f.ck.n over.

Good night all.

P.s All hail the Ice-Man...for the Ice-Man he now surely cometh.

Just checked the CWU Facebook page...can't see anything there.

Twitter perhaps?

And while we are at it: where has the so called 'final offer' been uploaded for public viewing? What is being discussed on here just seems to be the exact same offer the CWU leadership turned down a week ago?

make or break time for the CWU leadership. Will they overplay their hand?

They got me a good deal...good enough to vote on in my opinion. But as ever with the CWU...enough is never enough for these guys. They want the full piece -- and f..k the consequences!

Well the consequences are staring you right in the face now lads; and however much you think you can push back all the changes and compulsory redundancies that are coming, inevitably...you can't.

Make that deal boys...or the next time you sit down to negotiate...you might just shudder at whose sat opposite you calmly taking it all in.

The CWU leadership are not going to let the membership embarrass them. The latest offer would most certainly be turned down...but a big proportion would probably vote for it.

This would obviously split the union...and, obviously again, what union leadership would want or permit that?

Talks will have resumed by now...or if not...very, very soon.

Ward said last week, on the latest update, that talks would resume over the Easter weekend...or by Monday just gone at the latest.

One way or another the end game is now playing out. You will know in the next day or two whether we have a deal or not.

It has to be in the next several days...quite simply because there is just no more time left. And thats it: the situation in a nutshell.

If it wasn't for the fact that the medium term prospects for the s.p will be decided solely on the outcome of these, hopefully, ongoing talks (with the exception of Administration or a major intervention by Kretinsky of course) then I would have to say that looking at the chart over the last three or four weeks this would appear to be a 'W' shaped trading pattern; a 'W' shaped trading pattern is recognized as a 'Bullish' trading signal indicative of an approaching rise in the s.p. However, if the s.p falls back below £2.23 today...this might well invalidate this pattern.

But to continue, add to this the reduced 'Short' position for the stock...it would appear that many in the market now anticipate a rise in the stocks value: £2.36 is the next level of resistance. If we can get a settlement by the end of the week, there could be a quick re-rate here...anywhere approaching £2.58 would be my best guess.

All depends on these talks (obviously)...but Mr Market does seems convinced something is afoot.

good news imminent? Certainly beginning to look that way. Hopefully.

Should make compelling listening.

...there is no going back for him now.

Good luck everyone! for this game is finally well and truly afoot.

All hail the Ice-Man...for the Ice-Man he surely cometh.

Well...tomorrow it is then.

Do the Postal Executive call a strike ...or will common sense finally prevail here?

I have to agree with Newdealz on this one regarding the Board when factoring in all that has now gone before; this was carefully calculated a long time back...and I have always commented as such.

This situation would have been envisioned by the Board, and, undoubtedly, Kretinsky also (probably Kretinsky nudged the Board along here), many, many moons past.

It would not have needed the "brains of Llyod George" , as Mr P. is so fond of saying, to work this through to its present conclusion when considering, and thus putting themselves in a position to pre-empt each reaction the union was more than likely to make, what form their responses should take when they, the Board, embarked upon their present course 12 months ago.

Tomorrow is a massive day, not just for the CWU leadership...but much more importantly...for us posties ourselves.

This is it boys...its that final definitive and decisive apex-moment that all conflicts are eventually brought to.

This really is crunch time...and make no mistake about any of that either.

I think some people might not fully understand the difference between a 'Liquidator' or an 'Administrator' when applied to taking control of a company.

A liquidator is just that: someone who liquidates all of a company's assets to pay of debts to its creditors that it (the company) cannot fully meet. In this case...everything goes that the company actually owns.

An 'Administrator' (in business) is someone who comes into a company to undertake the day to day running of that company, which, although still just about solvent...to a greater or lesser degree, is an option that is typically utilised when there is a chance of saving a business which is currently experiencing high levels of financial or operational distress. Indeed, this might well be the situation here that Royal Mail (UK) may well soon find itself in.

No one is suggesting I.D.S or one of it subsidiaries (Royal Mail) is going bust. But rather, it now finds itself in a highly precarious postion...and if not quickly rectified...MAY well go bust.

1. Administration can act as a way to rescue a company by implementing an action plan for recovery. The company is protected by any legal action during the administration period.

2. The other two main objectives of an Administration are to offer returns of preferential or secured creditors; or to bring a better overall result than if the company was wound up.

We all know that if the present situation with Royal Mail goes on, then at best it faces an uncertain future; and if the CWU release the 'Dogs of War' ...then you WILL undoubtedly see, at some point if the conflict remains unresolved, the Administrator called in.

Either way the Board just cannot lose: the CWU come to a quick resolution...or the Board or the Administrator will unload at least 20,000 jobs...and in the process make a smaller, tighter, far more efficient Royal Mail out of what is left -- with or without the CWU's consensus!

Its now the CWU's call. Because whether its Kretinsky, the Board or the Administrator...it will all amount to the same thing at the end of play.

Make that deal tomorrow boys...before its too late for thousands of mainly decent, hard working people. Because now...you are really juggling with fire.

I received a video clip last night of some chap (unsure who he is...a higher up union official?...member of the Postal Executive perhaps?) confirming the rumours you mentioned earlier.

He reiterated what Dave Ward had said yesterday about the Executive meeting on Tuesday with a view to announcing further strike dates.

I don't know if you have seen the clip?...but the man's demeanour said it all: he looked visibly shocked and almost numb with disbelief when stating that the company was indeed in a dire financial state; he also mentioned the Administrator could be a very real possibility.

It would appear that although IDS and both its European and International business might be doing very well...R.M(UK) is close to imploding.

As shareholders of I.D.S we are fine as far as our investment in the company is concerned...nothing for anyone to worry about there I would say -- but as far as employees employed by R.M?...well thats another concern altogether.

A P&O scenario is now very much on the cards for many R.M employees. Perhaps this is why Kretinsky has been standing back, after getting the nod from the former Secretary of Indusry, for so long?

The company sells off many of its depots - gives up the lease on many others - returns much of the fleet that is on lease hire/contract hire (cabs and trailers) - abandons the USO - abandons many of the present walks - massively reduces its workforce - offers many remaining employees new contracts on reduced terms and conditions and lesser pay - annualized hours - more reliance on agency staff...and - much, much more of the same. Or is that much, much less?

A new Royal Mail without the hindrance of the USO; who the hell wants it anyway!? R.M can still use the post offices for collection points...as can now so do all its competitors.

This might also then be an opportunity for re-structuring the parcel delivery costs...something that is generations overdue.

All fanciful cr.p? Maybe. But not as fanciful as Big Dave's demands over the last 12 months...not by a long chalk its not.

...and I and many others here on this forum have discussed this on quite a few occasions over the last several years. Its inevitable...just a matter of the right timing dictated by a certain amount of political expediency; after all...it has to be sold to Joe Public in such a way that doesn't offend creaking and old Mr Harkaway living at Honeysuckle Cottage in the dreamy and ancient Chilterns.

What a joke! Just about every country in Europe has modified their own USO service over the last 15 years or so. But not sleepy, backward thinking England.

Those idiots in parliament need to get a grip and listen to what the Board are saying about the company...not a dyed in the wool Marxist like Dave Ward.

Dave Ward has been right about everything he has consistantly warned the posties about regarding the cost in jobs if the USO is modified in favour of parcels. And? So what -- does that make him right!?

For God's sake Dave...your a union leader. Your job is to MINIMIZE jobs loses and try and get the best (under any prevailing circumstances) terms and conditions for your members.

It is not your job to decide company policy -- the direction the company is to go in -- or even how the company identifies itself -- or even what it purports to be!

From a CWU member to the Postal Executive...here is a simple message: get this bl..dy awful mess sorted out right now today...or watch your union disintegrate into civil war and utter chaos.

Kretinsky must be laughing his rocks off. Beautifully played Mr Kretinsky sir...I might be about to be shafted as a postie...but as a shareholder I reckon I am going to be well in the money. One way or another this company is going to get sorted...and ultimately...it could be the CWU that may well choose to pay the ultimate price.

I.D.S won't be calling in the Administrators...just baseless rumours.

Kretinsky went into this with both eyes wide open...he won't lose.

Nor will the Board -- nor the shareholders -- nor even the CWU leadership.

Only one loser here if this cannot be resolved both amicably and quickly now...and thats the posties...whether CWU members or no.

If Ward and Co cannot find it within themselves to compromise...then Big D will do the job for them.

All hail the Ice-Man...for soon the Ice-Man he surely cometh.

Broker that deal boys...or thousands of us will be dropped right in the sh.t! And thats a fact.

No one should be surprised this company is not for turning.

CWU need to make a deal now...if they don't...then it will be the end for them. Simple as that.

There will only be one winner here if this is not resolved and resolved quickly...and it won't be the CWU.

Come to a quick agreement now boys...or thousands of jobs will very quickly go.

If these talks are going as badly as it would now appear, then tomorrow the s.p will be testing support, once again, at the £2.17 mark. If it doesn't hold there...then £2.04 is next support.

Let us all hope for a glimmer of encouragement tomorrow from both sides...but don't hold your breath on that one.

I truly hope we get a deal.

Ta-ra for now.

Crashes through £2.17...and it will definitely retreat back below £2.14.

That will then confirm it: no deal.

The next few hours should reveal all.

should fill their boots.

But if your wrong...£2.04. And on really bad news? Sub £2.00 without a doubt.