Member Info for Scampthedog

been wondering the same thing myself. But you know better than I it will only take a walkout by the union though...and...well. Enough said.

On the positive side, Royal Mail, industrial relations apart, are set to have a monster of a Christmas.

I personally believe it could be so massive that the RMG Planners might be miles out with their own estimates; they have already warned us to expect a massive upswing in volumes following Amazons announcement of "Prime Day" falling on the 13th-14th of October...I cannot imagine the amounts both outgoing and returning -- but it will be mighty!

In my depot we are inducting new agency staff every week that goes by. Christmas is going to come early this year...everyone can be certain of that. And if we get a national lockdown like we had earlier in the year...well...like I remarked previously -- even more off the scale!!

Apparently we are all getting another chat off the district manager again tonight...plus another little video show. I wonder if the drumming poet will put in another appearance?

No doubt you will get your update in due course...unless you have already had it.

Provides a bit of respite and light entertainment at the very least. Lol.

Judging by todays pattern displayed by the Google trading chart, BlackRock will more than likely show a further reduction again tomorrow.

BlackRock have reduced again. Short position now down to 1.81%.

I don't wish to put a damper on your positivity, JB (in fact I applaud it) ...but its not the way RMG sees the "Shorter Working Week " that matters here...it is how the CWU sees it that counts.

As far as the union are concerned, they have delivered all the savings that were required to be made to gain that extra hour (two hours in October) ...and have said as much on several occasions.

Furthermore, they do not see the "Four Pillars Agreement" as just vague talk regarding something or some other thing that might or might not take place in the future...they see it as having been brokered by a well respected ACAS mediator, something that was painstakingly thrashed out after much deliberation and protracted wrangling.

In effect: a honourably binding agreement.

This, I feel, not only is the biggest stumbling block to these talks...but also the biggest misunderstood part of this whole process as far as those who do not actually work as a postie.

To outsiders looking in it might seem a trivial thing...and may well be to many posties; I personally could not care less.

But that would not be the view of tens of thousands of other posties. And it is those "other" posties who aren't going to take it (regarding not getting at least an hour that is) lying down.

Problems coming? Looks like it.

Royal Mail planners believe volumes will increase 55% over the Christmas period...according to what I have been told that is.

As for the on going negotiations?

Judging by what I read last night...not good.

The update, pinned to the union notice board, dated the 21st, is quite comprehensive; the best way of describing the present situation, according to the details contained within it, would be, at best, cordial.

Personally I would sum it up by saying, that it is an absolute disgrace that after nearly two years of arguing, finger pointing, wrangling, threats and stalling talks...it has finally come down to this -- nothing!

It would seem that the only thing they can agree on is just that -- nothing!

The union insists, firstly, on a one year pay deal backdated to April of this year...with a further two year deal to follow. The company is adamant it will be a three year deal; In fact the update mentions that the company feels it might not be actually possible to award a pay rise in 2020. Oh dear!

Other things mentioned are the 600 grievances outstanding from local levels -- 600!? Also the "swiping in swiping out"; the union is concerned about all the data-capturing that will naturally follow on from this...like, for example: automatically deducting pay from people who are constantly late for work most days of the week. No ****! As if some of them don't deserve it: "de-humanizes people" is how the union puts it.

And, of course, there is the inevitable spectre of the two hour reduction that will be owed (shorter working week) in the following couple of weeks lurking in the background of it all.

A mess? Yes. And a right Royal mess at that! A deal struck in the next couple of weeks? No chance! Internal strife within the CWU? Probably. Boding well for future relations and a mutually benefitting working compromise? Like I commented on a couple of weeks ago: needs the wisdom of Solomon.

Well it was news to me at the very least. It would appear that Cartwright Group (based in Altrincham, Cheshire) has gone into administration.

Cartwright Group can trace its history back to 1952 and it has grown into one of the UK’s leading trailer and commercial vehicle body and conversion manufacturers.

RMG has lots of trailers that are manufactured by Cartwright Group.

Wonder how many, if in fact any, are leashed or taken out on a hire purchase agreement by
Royal mail?

Could be interesting if say half of Royal Mail's fleet were on a hire purchase agreement with Cartwright when the administrators start calling in any monies the now defunct company are still owed....like unpaid trailers for instance.

There again might present a unique opportunity for RMG. They might get a fleet of trailers at a once in a lifetime knockdown opportunity.

As "they" say: just as one door closes...another one always opens up.

trouble coming.

I would be very surprised myself if the posties accepted 3.9% over 3 years as a pay deal...and even more surprised to see them accept 1.7% for the first year.

Pullinger will want, at the very least, 5.2% over the next three years in my opinion.

Plus, an hour reduced off the working week would not be acceptable as part of any pay rise...the CWU see it as a separate issue entirely.

As for why the "Shorter Working week" is so important in delivery...you answered your own question. As further endorsed by OliGarch below.

And regarding the big trade: perhaps it was too late in the day for it to have been BlackRock selling. But two thing: 1; some big trades sometimes go through as reported sells...then are corrected at some later time, 2; some trades are reported later than they are actually executed.

Could it not have been BlackRock selling off the greater remainder of their borrowed stock? After all, they know full well the share price will open lower than at the present price on Monday morning...why not buy back then, after selling Friday, and then close their position?

Any way, at the end of the day...it is what it is. For better or worse. Night all!

Yes, I agree, JB, It will be important as to who dumped that large trade late on Friday afternoon.

If it is shorts selling to then reduce their short position down even further...then thats, obviously, good news; it could only be BlackRock I would have thought, if indeed it was someone actually closing a short position, due to the large single size of the trade.

But...if its Kretinsky taking profit...then...oh dear. Ah well, like you commented: "we will find out probably Mon/Tue".

As for yours comments regarding Pullinger's update...I have to confess I did not see it that way in the slightest.

To me, Pullinger looked and sounded quite rueful.

If you recall, on his closing note, he made comment, again, to the "Four Pillars Agreement"; specifically the "Shorter Working Week".

Do not think for one minute that any new agreement could not include at least an hours reduction...it would never get ratified by the membership. And whats more...the CWU leadership know it.

If people think that this dispute is primarily about pay...then they are sadly wrong.

For a great proportion of posties that reduction in the working week is of paramount importance...especially in delivery.

Without at least one of the two hours that will be owed come this October any proposed agreement would be dead in the water. Period!

And regarding pay. The union does not want a three year deal at present. It wants its members to be rewarded through a one year deal that takes into account the extra mile a lot of hardworking posties (yes there are still some) have gone this year; no doubt, at some later date, afterwards, an extra two year pay deal could then be thrashed out to be nailed on.

If I had to guess (and it is a guess) I would have to suggest that Pullinger wants at least a 2.7% pay rise this year alone plus a reduction of one hour in the working week; he may well also demand a £500.00 payment to all posties for giving up the extra hour for another twelve months to be then negotiated upon next year.

The chances of an agreement in my view? 1 in 3 at best -- at vey best!!

And you will only have to wait another three weeks at the very most to find out...perhaps not even that.

It has been obvious right from the very start, well, like I have said previously...obvious to anyone with half a brain that is, that RMG have been busily stalling, whilst trying to run the clock down, to therefore avert any possible strike during the Christmas period.

They, the Royal Mail board, have attempted to deceive and confuse right from the very start.

"Negotiations concluded by the end of July". So much for that!!

One would now presume, from the unions own perspective that is, that even this union is not stupid enough to keep talking for longer than the next three weeks.

Because that is all the time they have left if they want to strike at the start of the Christmas pressure.

And judging by those big "sells" today...then the markets are not too hopeful that a strike can be avoided.

Like Pullinger is fond of quoting: "it does not need the brains of Lloyd George to see what is going on."

No...and nor do the markets either.

Night all!

fail to see the significance.

Mind you...nothing new in that. I fail to see the significance of just about everything you comment on.

Your just bitter, Redceo, because you sold a big chunk of your former holding at a loss.

Guess it only goes to show that despite the fact you can trade a few shares up and down (particularly with this stock over the last 12 months or so) and make a couple of bob...it does not make you some sort of financial genius.

Especially when at the eleventh hour, due to a conceited, over proportionate sense of ****sure arrogance, you panicked and dumped a whole shed full of them.

Ouch! The pain! -- ohhhh! -- the pain!!

P.s I can feel another 48 hour ban coming on. Ha ha ha!!!

I would vote YES for ratification on just about any agreement...as long as it did not require me to happily take a pay cut.

And that includes not getting an extra hour off the "shorter working week".

I am just a little sceptical of any deal, this time around at least, that would include that extra hour being thrown in.

And if it was, it would come at a price...like a big reduction in the "grace break" for example.

I work for RMG...you don't.

Sums it all up I think.

You can have it anyway you want, MrNation...as far as I am concerned you are just a full time paid ramper.

And that is my latest "pearl of wisdom".

Quite right -- RMG is a slumbering giant!

Once those three hubs are ready to go (plus all the other parcel-sorting machines at the Mail Centres are installed) and after reaching their full processing capacity...then things will really start to speedily look up.

But it will take time to achieve all this. However, sometime in 2024 I could see these shares perhaps being back up around the £4.50 to £5.00 mark.

Although the parcel volumes will most certainly go stratospheric in the next few months it will not equate into a proportionate amount of profit.

Every night now for at least a month or so I see a group of different people being newly inducted (so as to be able to work over the coming few months leading up to Christmas) at my place of employment.

Couple this massive upswing in labour costs plus all the shy, lazy idlers that will take advantage of any situation to go on a protracted lay off due to "sickness"...then much of any profit will be taken up by all the aforementioned.

Profit? Yes! But nowhere as much as many people might imagine.

Automation is the key to the palace...but it will take time. Three years to be exact.

I don't see people on here being rude to you, MrNation?

What I do see is YOU trying to make it personal.

Even your latest offering is just something that is the first thing that comes up on the screen after you have entered "Royal Mail share price" into the google search engine.

Just another cut and paste...nothing original. In fact, I cannot recall one original or thought-provoking comment, that you yourself have made, regarding, on this thread least ways, Royal Mail's future prospects.

Feel free to cut and paste if I am wrong...I might have missed something. Doubt it though.

You obviously work full time at this...as "pumpedordumped" quite ably demonstrates.

P.s regarding pumpedordumped: every single bite of information is collected by artificial intelligence gathering...there is no human interaction in any way whatsoever.

So either you are being misrepresented by me and cutting-edge state of the art technology...or you are just that: a full time Ramper who hedges both ways.

Cheers!

MrNation (MrCutandPaste sounds more ideal) your ceaseless ramping is quite extraordinary in its "cut and paste" old news rinse and repeat style.

As far as I am concerned, anyone buying into RMG shares at present, at these prices, needs a whack on the side of the head.

Like I stated a couple of days ago: one sour, downbeat statement from the CWU will reverse this momentum in seconds...one confrontational one will send it plummeting.

On the bright side here is some "real news" that you will not find reported, as yet, in any form of the media: analysts at RMG believe parcel volumes will increase 50% (above the height of the pandemic) over the Christmas period.

Now that is news!

Everything now depends on the union.

And on a final note here is a bit of unsubstantiated gossip doing the rounds in my neck of the woods: the union is going to update us all regarding a one year pay deal and a further hour off the working week.

I don't buy in to this myself...but...who knows? Maybe?...perhaps?

cutting and pasting is a major trait of any ramper.

Care to comment?

Two points.

1. It would seem you are incapable of writing your own freely expressed and subjective comments when replying to my critiquing of your modus operandi?

2. According to pumpedordumpded.com (that has your good self at an admirable position number 31)

Quite right, Redceo. And before it was called Angard it was known as Reed Global.

In those days there were very few agency workers at Royal Mail. We would get a visit once a week on site from the nice old chap running the office. He would inquire of any problems, any questions...and then give us all a cheque.

In all fairness though, when I joined the agency, it was Angard all but in name; though still kept getting texts from Reed Global for shifts even after it changed to Angard. Reed Global is still a massive organisation of course.

P.s and your point?