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"If DK keeps grabbing shares and gets to 30%, he will be obligated to make an offer to buy the company. In my view, when individuals start building a controlling stake in a company it can go 1 of 2 ways. They are collecting ammunition to use in the event of a competing offer (being a large individual holder means you have a major say in what gets voted through at AGM/EGMs).
Or they are gradually positioning themselves to buy the company while schmoozing other major holders in the background so that when they put the offer in it is voted through at the % required. Basically they want it sown up so that any votes against by management etc won't be enough to stop the takeover.
I personally believe he wants control of RMG either as an individual or by bringing in a collaborative group that he is the CEO of.
Time will tell."
Been saying this for quite some while...but not as eloquently as yourself.
Superbly encapsulated!
And if a protracted, drawn out strike does come...then I repeat what I wrote several weeks ago -- this company's as good as sold!!
over the next day or two/week or two.
Wouldn't want to have been a seller here though after today's fantastic news if a RNS suddenly appears tomorrow or next week or next month announcing Samsung have thrown in the towel and are looking to limit damages by making an out of court offer...or perhaps even a takeover bid?
What price this stock then you might wonder?
Certainly not 36p.
Your post: "Anticipated total profits – £664 million to £722million = £58 million.
Then deduct the quoted £200 million required for an acceptable pay rise."
Errrr...what???
Is there any semblance of a sort of relevant point you are attempting to make here? Because if so its lost on me.
I think my own previous post makes a lot more sense...has a direct, glaringly obvious logic and pertinent reasoning attached to it.
"So all eyes are on its full-year results on Thursday. Total profits – including at its international business – are expected to rise from £664million to £722million, according to Refinitiv data."
As well as the above I would also add that I agree with OliGarch regarding a pay deal offer: around about 5% no strings attached should indeed swing it; perhaps even a little less...say 4.75%?
I think that would work out at roughly £200 million. Leaves enough for the dividend plus the continued share buy back program."
Where as your aimless comment is just your usual inane dribble with no apparent reasoning attached.
"
"So all eyes are on its full-year results on Thursday. Total profits – including at its international business – are expected to rise from £664million to £722million, according to Refinitiv data."
As well as the above I would also add that I agree with OliGarch regarding a pay deal offer: around about 5% no strings attached should indeed swing it; perhaps even a little less...say 4.75%?
I think that would work out at roughly £200 million. Leaves enough for the dividend plus the continued share buy back program.
Dynamofc...the lad is obviously not very clever -- and as thick as a whale butty!
"Perception is also a factor some people may support a pay rise but most wouldn't care about changes to terms and conditions."
You are 100% wrong in that assertion. The terms and conditions, to just about every single postie, are probably more important than the actual pay rise...and you won't find many posties disagreeing with that I can assure you.
Erode those terms and conditions in the manner RMG would like to do...and even a 10% pay rise would leave us all worse off.
Anyway...here is the good news. There is a rumour going around that there is to be an imminent announcement. Might just be unfounded gossip but...does make some sense. They will certainly want something sorted before the 19th.
Big Tel and an A&Q session with Chris Webb.
Should be entertaining at the very least.
"How does the train work?
Class 319 passenger train which has been converted to a class 769.
Can run up to speeds of 100mph
It is now a bi-mode train with diesel engines which allows it to use both electrified and non-electrified rail.
Operates in formation of 4 so that’s 4/8/12 carriages.
Inside of the train has been fully re-fitted for logistics use, it can accommodate roll cages, pallets and other customer identified vessels or containers.
1 carriage can fit approximately the same amount of goods as 1 articulated lorry."
Points to consider (my words)
1. A maximum pull for an electric train is 12 brakes. On a Royal Mail electric train this would equate to a loading plan of: 58/66/56 yorks between three brakes; an average of 60 yorks per brake. This loading plan is repeated every 4th brake. Thus a 12 brake train can transport a maximum amount of 720 yorks.
For a single deck articulated lorry this means you would need at least 14 trailers!
For a Royal Mail double deck Lorry it would mean 8 trailers...7 if it was a 110 trailer.
As for the converted Orion trains: they are now delivering to Warrington Rail Terminal...and have done so for some time.
Yes...the future looks both bright and rosy.
Unfortunately...the CWU might not see it that way. And even more importantly...so might not the Royal Mail drivers!
Passenger trains converted to deliver parcels to city centres...
Region & Route: North West & Central - West Coast Mainline South.
High-speed parcel deliveries will soon be made by rail to satisfy a growing demand for faster freight.
Network Rail and distribution firm Orion have today (Wednesday 7 July) showed how the concept works at Euston station.
Former passenger trains are being converted to take goods directly into city centre stations.
As well as online retail, the flexible freight operation could transport other light goods needed in super-fast time by businesses.
Parcels would then see bicycle or van couriers take them for final delivery.
The trains can travel up to 100mph – twice the average speed as road traffic. As well as faster delivery times, the converted trains:
Are cleaner than air and road haulage
Can access city centres unlike larger scale rail freight or air
Can operate on electrified and non-electrified rail
Are easy to load and unload onto modes of transport for first and last mile of the journey*
Daniel Fredriksson, Network Rail customer relationship executive, said: “We’re excited to show what future uses rail has for distribution using Euston as a test site given its important history as a mail rail hub. While parcel trains are by no means a novel concept, more of us buying things online and efforts to get polluting vehicles off roads is revitalising rail as a cost effective and fast way to get goods to consumers and businesses quickly and efficiently.
“Network Rail has been working with Orion as it’s repurposing former passenger trains to serve this new purpose, while opening up the opportunities this has for economic growth as the country emerges from the coronavirus pandemic.”
Karl Watts, chief executive officer for Orion, said: “Orion High Speed Logistics represents a revolution in the way we deliver goods into city centres. Using converted, electrically powered passenger trains, Orion is able to deliver goods into terminal and other principal railway stations where electric road vehicles complete the final mile transportation into city centres.
“The shift from road to rail transportation delivers economic, environmental and social benefits. Each 8-car train removes 24 diesel powered vans from our roads thereby reducing congestion, lowering carbon emissions and improving inner city air quality.”
Rail Minister, Chris Heaton-Harris MP, said: “It is really positive to see companies exploring innovative methods like this to transport rail freight. Repurposing former passenger trains will allow light goods to travel to consumers in a faster and greener way, helping to decarbonise our railway, reduce congestion on our roads, and support growth in the rail freight market.
“Through our reforms in the Williams Shapps Plan for Rail we are committed to unlocking the economic and environmental benefits rail freight can deliver, as we look to level up the country and build back greener.
and its not only going to be greener...but a whole lot more quicker also.
Royal Mail to run more cross-Border trains in expansion of 192-year-old service.
Trains with parcels crossing the Border evoked by the classic film Night Mail are to be stepped up as part of a remarkable rail renaissance by the Royal Mail.
By Alastair Dalton
Saturday, 30th April 2022, 4:55 am
The service, which came back from closure 18 years ago, is to be increased to up to double its current frequency, The Scotsman has learned.
Three additional trains a day are to run to the Royal Mail’s depot at Shieldmuir, near Motherwell, when its giant new parcels centre opens next year at Daventry in Northamptonshire.
The news came in a presentation by Network Rail at the Rail Freight Group’s (RFG) Scottish conference in Edinburgh this week.
The extra services are expected to come on top of Royal Mail’s three trains a day between its depot at Willesden in north west London, Warrington and Shieldmuir which carry some 300,000 items a day.
They are operated by Royal Mail's dedicated fleet of 15 windowless, sealed trains which were specially designed to carry mail containers.
The four-carriage trains, which operate on the west coast main line, have already been upgraded by reducing the number of doors to increase their capacity by nearly one third.
The Royal Mail's latest expansion of the service is understood to be part of its planned transition to become an international business focusing on parcels.
The company has benefited from an online mail order boom fuelled by lockdown restrictions during the Covid pandemic.
The Royal Mail's new 78,000 square metre hub – the company’s biggest parcel centre – will be part of the third phase of the Daventry International Rail Freight Terminal.
Its automated sorting system will be capable of handling more than 1 million parcels a day.
Welcoming the expected new cross-Border trains, RFG director general Maggie Simpson said: “Moving post, parcels and packages by rail is a huge opportunity, making online retail cleaner and greener and keeping lorries off the roads.
We welcome the investment in new facilities to support this, and look forward to seeing new services starting in the coming months.
A Royal Mail spokesperson said: “We have no comment to make at present.”
I know several old timers who worked with the "chain conveyor systems" and speak with great enthusiasm about them...they also remember the mail trains which were starting to be phased out towards the end of the 80's; also, I think I am right in stating that the last TPO stopped running in 2004.
Like you obviously understand, OliGarch, it is good news indeed (well it is in my humble opinion) that we now have a CEO who understands and appreciates just how undervalued and unused the railways are in regards to transporting our mail.
How ironical when you consider that Royal Mail were first using the rail system to transport parcels and letters as far back as the Georgian period. As you remarked..."strange" how the World always seems to, ultimately, turn full circle.
One other thing of note about the UK's rail network is that we have more miles of track laid down than any other country in Europe...which is quite incredible when you consider France is several times bigger than Britain.
A fact that has obviously not escaped Simon Thompson. Let us hope he remains as keen as first appeared when speaking to me about his intentions regarding the rail track. He will certainly meet with more than a fair bit of resistance, and not just from the CWU, if he intends to fully implement his ideas.
This may turn out to be a very hot potato indeed!
Here is a brief summary of some of my thoughts.
1. I won't go into any great detail about the West/East coast main rail line loop from South to North, and back again, that is perfectly suited for Royal Mail trains because I have already done so in detail several months previous...but, obviously, the readily available advantages to Royal Mail are tremendous.
2. The reason, I believe, that this has not been more openly touted is the panic and distress it would create among Royal Mail's employee drivers: they will assume it is a direct attack on their jobs...this will then cause much consternation. Before you know it the union will be threatening all sorts of retribution unless the company gives out iron clad guarantees and so on and so forth; and all the hotly contested devilish detail that will arise out of it. An added headache Royal Mail has not needed over the last several months or so.
3. Trains will NOT lead to a loss in driver jobs...quite the opposite in fact: they will lead to an INCREASE in driver jobs. There will be less long distance driving...but a lot more local deliveries from the Hubs to nearby depots; plus a lot of driver jobs for people making deliveries in small vans to outlying parishes, villages and towns.
4. When Warrington Hub goes fully operational (October this year...Parcel Sorting Machine to start on low volumes come June this year) then sometime soon after (I would think) you can expect mail to start arriving by train at Royal Mail's Warrington Rail Terminal; one could reasonably assume that this would hopefully be the case at any rate...well, in the name of efficiency alone, at the very least, you could, quite rightfully assume that this is to happen. We shall see.
5. Once the Hub at Daventry is fully operational, I can envisage Royal Mail trains being used to transport mail ten fold times the amount of mail Royal Mail trains are transporting at this moment in time...again, this makes perfect economic sense.
6. The "Carbon Foot Print" factor: electric trains will help bring down Royal Mails carbon footprint dramatically.
And there is a lot more one could mention...but that can be left for a later date.
And there you have it. Just a few of my own personal thoughts that might be of some interest to you, AngerSharkz.
Let us hope R.M grasp this most important opportunity that now beckons.
Scampthedog is RIGHT again!!
From the Telegraph today:-
"Royal Mail is to at least treble transporting post by train in a move that will return to form the backbone of Britain’s postal network for the first time in more than half of a century...."
According to the article Simon Thompson wants less planes and lorries...but a lot more trains.
But everyone on here who bothers to read what I post already knows this of course.
I told you all several months ago that Simon Thompson told me himself that this was exactly what he planned to do.
So it should come as no surprise to any of you should it?
at the very, very least.
Or in the immortal words of Bomber Harris:- "their getting it!!"
You say I am not the mouthpiece of the CWU...and quite rightly so.
Everything that is being commented upon here by the posties regarding the wage negotiations is coming directly from the union. No one is acting as a "mouthpiece"...they are simply repeating what has been relayed by the union leadership.
Whether you like it or not.
What a peculiar, self-important sort of chap you are.
You surely must have been a manager or junior executive perhaps if you actually did at one time work for Royal Mail?
"Jessnozzy thanks for posting the accurate details of the initial offer."
Is this not exactly what I reported yesterday?
I await your apologies.
what on earth are you spouting on about?
What incomprehensible dribble!
The six points that I listed are FACTS.
The six points that you listed are your own biased, worthless (worthless concerning the oncoming negotiations at any rate) opinions.
The six points I listed are the points listed by the CWU union which represents 100,000 posties.
Your 6 points represent your own individual views.
And before you start harping on about how you represent thousands of likeminded investors just remember this: tens of thousands of posties are also shareholders...and every month invest millions of pounds of their own hard earned money back into this company.
A company which then turns quietly around and steps them straight in the back.
I thought RMG might offer 4% with no strings attached...a straight pay deal.
But what they are in fact offering is nothing more than mutually assured destruction.
I don't often agree with Pullinger but he is right about one thing: you cannot live under the threat of what Kretinsky might or might not do if he gains control of the company.
The board has to accept the fact that they have in recent times spent £400, 000, 000 on shareholders. Just half of that would pay for that 4% pay rise.