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Easy to manipulate because the trade volumes are very very very low for such a large company.... Says alot about RM and confidence in it's management....
Share price is all over because a few trades is having a substantial effect on the SP
Red, Looks like Labour and the union , are more open to change than Tories..... before the election....
Cannot understand why Tories are so stubborn when it comes to RM...
Red what do you think his next bid will be?
End of Saturday post? Royal Mail may cut deliveries after union gives in
CWU, which represents 110,000 postal workers, has signalled that it would back a change to universal service obligation rules — which could mean up to 9,000 daily rounds are stopped
Saturday April 27 2024, 6.00pm, The Sunday Times
Union leaders have conceded for the first time that they will accept an end to six-day-a-week letter deliveries, clearing the way for Royal Mail to enact historic cuts to postal services.
The Communication Workers Union (CWU), which represents 110,000 postal workers and brought services to a standstill with industrial action in 2022, has been one of the biggest hurdles to Royal Mail reducing its loss-making daily deliveries.
But it is now ready to back the company’s proposed reforms, admitting that the current service is “no longer financially viable”.
Royal Mail is pushing to reform the universal service obligation (USO) — legally binding rules that stipulate letters must be delivered to every UK household six days a week. It wants to shift to delivering second-class post
Bad would it be if Royal Mail’s parent company, International Distributions Services (IDS), were to be taken over by the Czech billionaire Daniel Kretinsky? Our historic postal service is heavily lossmaking, struggling to maintain its universal delivery obligation and at war with its unions: a foreign owner would surely take an axe to it.
Kretinsky, who owns almost 28 per cent of stockmarket-listed IDS, has gone back on an assurance that he would not try to take the company private and has tabled a £3.1 billion offer – above the group’s current market value but well below what other shareholders think it is worth. He won’t win with this first gambit but he’s likely to be back with a higher one.
Ministers could use national security powers to stop Kretinsky if they deem him unsuitable to own vital infrastructure. Nicknamed the ‘Czech sphinx’ for his reluctance to talk to the media, he built a fortune in fossil fuels but also owns stakes in Sainsbury’s and West Ham United and controls Casino, the French supermarket chain. What he apparently hankers after in IDS is its profitable Netherlands-based parcels division, GLS; analysts see scope for a joint venture or merger with PostNL, which delivers across Benelux and of which Kretinsky also owns 30 per cent.
But what would he do to poor old Royal Mail? If he can’t reform it he’ll surely want to dump it – and few would want to take on its crippling obligations and militant workforce. Is there a scenario in which a Labour government might relieve Kretinsky of Royal Mail at a knock-down price, re-merge it with the Post Office and give us back a decent postal service? If Kretinsky could be the catalyst for that, let’s hear his best offer.
PRAGUE, April 25 (Reuters) - Energy companies controlled by Czech billionaire Daniel Kretinsky's EP Corporate Group on Thursday posted core profit (EBITDA) of 7.3 billion euros ($7.8 billion) for 2023.
Kretinsky, with a net worth of $9.2 billion according to Forbes, built his wealth in the energy sector and has been expanding into other investments across Europe in recent years, including holdings in Britain's Royal Mail, French retailer Casino and German wholesaler Metro.
3.85 will not be classed as a serious offer , and will be dismissed, just like the last bid
With ofcom review, lower interest rates, new management team... anything under 4.10 will be dismissed by the board...
Anything between 4.10 to 4.50 I think the board would have to consider because many institutional Investors would be happy with that , though I think the board would still put up a formidable defence to stay independent....
Over £4.50 it's all Mr K's , that's my take on it
TMS, the back and forth I think he will be doing now I reckon.....
Also any notion that the board will be sympathetic to him is out of the window....
Because the board is planning to put a formidable defence .....
So he will need to get a serious bid in...
I don't think he will be trying a opportunistic bid now, his next bid will be his serious and final bid...
So I reckon he will be speaking to investors now to gauge what is required to win them over...
So I wouldn't expect it any day now ...
I cannot see the board accept anything under 4.30 , as it simply wouldn't pass
Mr k owns 27, small investors own 18% (I think) that leaves 55% in the hands of other major institutions...
Cannot see them selling out cheaply...
April 21 (Reuters) - Fund manager Redwheel said in a statement on Sunday that it supported Royal-Mail owner IDS' board decision to unanimously reject a non-binding share bid from EP Group on 11 April.
Redwheel, the third-largest shareholder in IDS, said it was in full agreement with the board that EP Group's offer of 320 pence per share significantly undervalued IDS and its future prospects.
EP Group, owned by Czech billionaire Daniel Kretinsky, made the cash offer on April 9 for Royal Mail.
Kretinsky is working on improving his offer, a source with knowledge of the plans said last week, after his bid was rejected. (Reporting by Chandni Shah in Bengaluru; Editing by Hugh Lawson)
If GLS is worth 3.50, than a fxed RM should be worth £5 plus on its own....
I get the feeling Martin Seidenberg would prefer IDS to stay independent, and reep the benefits later....rather than be taken over cheaply...
Anything under £5 would be cheap.....