Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Peakybinder
1000s of Redundancies?
You won't know this..... But in his "Last & Final offer ST offered no compulsory redundancies. Quite a step back when 2 weeks earlier he was threatening 10000.
Shows the Union are on the right track with their resistance to his cut throat approach.
Newdealz
I don't think anyone is gloating. Clearly some people have saved and have money invested, even posties. They still have a right to be treated fairly.
Anger talks about 2 years ago being in the past..... for day traders out for a quick buck yes. RM is a 500 year old business that employ over 100k people. They work hard, pay taxes and expect a business that made well over a £billion profit in the last 2 financial years to make sound investment decisions. Clearly this CEO and some predecessors failed and should be held accountable.
Very few Shareholders can be in profit in RM, and that is down to senior management also. Considering £1.9 Billion has been given to shareholders since privatisation and the business has a valuation way below its IPO price and at the time the government was accused of selling it on the cheap!
Ps the Institutional shareholders of RM are not the same pension funds that had to be bailed out.....if you're referring to the Bank of England intervention.
AngerSharkz
The last RNS clearly states potential for a final dividend may be paid from GLS earnings. Clearly the CEO cares more about trying to pay dividends than creating a profitable company.
Newdealz,
There a slight favorable term..... but as you have mentioned it, you must believe it is a lot better than the reality of it. Cost of selling through the company plan ate also higher than a standard trading account. I.e. HL
Failures in my office are mainly down to a vacancy rate of 20 full time positions which Management are not allowed to recruit for and a ban on overtime from senior management. Walks go uncovered every single day. Staff from other offices had to not do their deliveries to come and do ours as some walks had not been out in a week. Sad to say but RM deserve hefty fines. With so many late deliveries customer are claiming back so much money.
AngerSharkz
*I truly hope ST doesn't waste anymore money on dividends, even though i do hold.
‘Why should people who bought into "Royal Mail shares" expect a dividend from GLS profits and yet expect employees to accept a terrible pay offer when even the Royal Mail business (excluding GLS), made a large profit last year.’
There’s so much b*llocks in that statement that it’s difficult to know where to start.
Shareholders buy into what’s offered under the holding group……so that includes GLS. No where in the terms of employment does it state that workers are entitled to a penny of GLS profit…..it’s a separate company and none of the posties concern…..unless they’re shareholders.
*My point about dividend, was people expecting one despite a group loss. Having the expectation it will be paid from GLS profit.
As you have stated you buy into whats under the group.....so no dividends should be expected whilst the group is loss making.
However, how can you truly claim GLS to be a "Separate Company" it was purchased By Royal Mail, with profits from Royal Mail, achieved by hard working staff and also financed by RM taking a payments holiday from the pension fund. GLS Partners include Parcel Force, also another RM division (and before you say it, yes, now technically a Separate company). GLS has been built up with the support of RM..... but all that is besides the point.
No one is asking for GLS profits to be used in RM.
Royal mail made over £400 million profit.
Half those profits could have been used to support a 5% pay rise which would have resolved this dispute, and RM could get on with becoming the profitable business it should be.
‘made a large profit last year.’
If my auntie had b*llocks she’d be my uncle. That money has long gone. What’s profit made by the company two years ago got to do with the situation today?
*Not really 2yrs ago is it!
All those dividends have been paid within the last 12 months.
The situation today is a direct consequence of excessive dividends being paid, knowing there would be a post covid drop off. There are so many issues within Royal mail such as staff retention, unroadworthy vehicles etc that could have been invested in, which creates massive delivery failures that customers are claiming postage back left right and center for late delivery. The company is paying back ££Millions and the situation is only deteriorating. The list of failings by management is almost endless. But hey ho, as long as a dividend is maintained.
The CEO claims strike action has cost £100 million. That loss is a direct consequence of All those profits be given away.
Keep up the good work!
Last RNS stated a dividend may be paid from GLS profits. So there is still a possibility. Knowing Thompson, he will want to keep his City mates happy and pay one.
So when other on here talk about No cross subsidy, they probably never heard of GLS until recently. Why should people who bought into "Royal Mail shares" expect a dividend from GLS profits and yet expect employees to accept a terrible pay offer when even the Royal Mail business (excluding GLS), made a large profit last year.
Zumore..... Are you still here :-):-) Thought I would look in on the chat. Is Magic still around? Had a quick look through the chat but didn't see his name. Anyway, anyone in here and investing, or thinking of investing.....RUN :-) Bell is the worst!! Very Rich on Many others backs. I should have taken Magics advice all those years ago, but i didn't. Thankfully I made a little back on a cheeky, well timed investment a couple of yrs back; But never again! This really is an aim scam company. Good luck to anyone taking the plunge......but you have been warned. Zumore, i hope you have been making some good profits elsewhere? Sadly Ukraine has given us all another chance.
Most Sanctions will be lifted straight after the ceasefire. Russia will need to finance the compensation package for Ukraines rebuilding. Expect this share to double initially. Happy to add a little on any significant drops. Probably end the day Blue!
3.3 Billion loss to Russia. Bit more than pocket change.
Just been on BBC news.
Just announced EU will block all russian Steel and iron imports.
Though I see having a new partner confirmed and Harbour off into the sunset as great news, it still leaves the project in the same position. Comments in the RNS like 5yrs, taking a loan of Navitas at 8% are certainly not great. I'm sure Navitas are happy earning 8% with Rockhopper having no way of paying unless the project goes ahead....(with still one third dilution to take place or some alternative funding which won't be cheap) The sceptic in me sees Rockhopper going Bust within 3 years and Navitas getting the Whole on the cheap. But let's hope I'm wrong.
I think you are exactly right. If Sea Lion is sanctioned, BOR will rocket. However it would then take years for BOR to go into production in much the same way. Whilst the sp slowly drops. I just got over 100% on my wee investment and sold. Will wait for under 1p again. Only another 85 times to break even.
Alternatively taken media reports of 5.5% of the combined company if creditors accept cash offer, £8 billion is equal to 47.5p current value of PMO shares.
Is that 32p for the combined company? Or are you putting a current value on PMO? Per the RNS PMO shareholders will receive 23% of the new company. Would that not give our value 23% of 32p? Therefore you're suggesting PMO should currently be valued at 7.36p per share?
GZK Because Royal mail revenue is currently generated vastly more by letters than parcels, a 34% rise in parcels is easily offset by a 28% drop in letters.