This mornings muses.17 Jul 2019 11:23
Firstly, ARSENAL17, is quite correct in his assertion concerning Royal Mail: no, it could not have survived all these long years without vast amounts of public money; point being --it was never intended too! Even when Henry VIII first conceived the idea of a national mail courier it was not intended to make a profit. He, Henry, was a very able administrator and understood the necessity for a national network to speedily deliver and improve upon all aspects of daily commerce; this in turn created more revenues ...and thus, more money for the kings coffers - lovely!! As for JP Morgans former contention regarding Royal mails true flotation value: obviously -- plain wrong!!! Again, I have stated, on here, all this before. In the Royal Mail, and this is the one same mistake a lot of people make, you are not dealing with any "normal", "run-of-the-mill" company: THIS WAS NOT CONCEIVED AS A PROFIT MAKING ENTITY!!!! Get the point folks? Why would any person think that a massive, sprawling, nationalized company heavily subsidized by public taxation can suddenly, in several short years, turnaround and start making masses of profit? Totally unreasonable. And anyone who thinks that investing in the Royal Mail is going to give them mountains of cash over the next several years is also totally unreasonable -- and also totally stupid!!!