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Royal Mail parent surges on upgrade, investment platforms sink

On London's equity markets, International Distributions Services surged 11.6%, driven by a Bank of America upgrade.

The Royal Mail parent company received an upgrade from 'neutral' to 'buy' as Bank of America noted the steady progress in the company's recovery.

It said the progress followed a recent union deal on pay and conditions with the Communication Workers Union, which allowed the firm to regain volume share.

Bank of America also anticipated meaningful benefits to the profit and loss account starting from the fourth quarter of 2024, along with reduced pressure on the cost base as inflation eases.

Additionally, the bank predicted a 6% rise in 2025 adjusted earnings before interest and tax.

ND isn't the dividend dependent on the Xmas performance, and that we will only know in Feb.

THANKS TMS

1300 trades and it's not even midday

Could easily exceed 2k trades today

Very detailed article

https://www.telegraph.co.uk/business/2023/12/10/amazon-parcel-delivery-failing-royal-mail-christmas/

You can use https://12ft.io/ to bypass paywall

Https://www.telegraph.co.uk/business/2023/12/07/royal-mail-pays-26m-customers-complaints-surge/

In other countries do you need an act of parliament and law changing

Or is it just something a commission or regulator agrees with the postal service after a rigorous investigation

The problem with changes in the USO is Sunak's woes, the USO and RM will be the last thing on any conservative MP 's mind

It's the email age

Just renewed my insurance, all docs come by email

Https://www.reuters.com/markets/deals/qatar-sell-around-644-million-shares-barclays-2023-12-04/

I've been told that a big batch of Amazon parcels was not delivered on time last week, the parcels got sorted in the mail centre but just did not get delivered

Therefore Amazon has reduced the number of parcels that they have given to royal mail to deliver, and in this particular mail center they said that the parcels were down by 40% from Amazon

Is there any truth to this, anyone have any information on this

Market place like temu would only help volumes and revenue but wouldn't help profitability too much

THANKS TMS

Thanks TMS

Sorry another question

If the number of shares in circulation were the same

And RM did not exist in the IDS group

What reasonable divi amount would GLS profits support

3-4p divi in these circumstances makes sense , with last year loses...

Also spoke to a postie

Not as busy as COVID, expected

But a lot busier than last year expected

He did say they are a lot busier even though the mail already comes sorted , I'm assuming sorted at one of the super hubs

That would mean volumes should be high

Do we get a full year results in Feb or do we get a Xmas update as well

Sorry about spelling mistakes,

I think GLS made 150 milk this half, so can we expect maybe 300 mill for trh full year

Can GLS support 10p or 13p divi, if RM breaks even or slight loss under 50 mill

ND what divi amount are you expecting in Feb

Is the performance linked to the share price 😁😁😁

Talking about productivity

I know someone who works at RM mail centre , through agency, and usually through the summer he has been offered 1 4 hour shift a week, 2 if he's lucky...he's a student so he's been happy with that

Now he says about the belt speed at RM is usually very slow , meaning 3-5 speed level

And if the mangers speed up the belt , the workers slow it back down , when they are not about, especially night shift because less management around

Plus there is a agreement in place between RM and union where they cannot have speeds above certain levels

In addition sometimes they can run out of work 30 - 60 minutes before the shift finishes...this would never happen in amazon

At RM you can listen to music, make receive calls, headphones, earbuds allowed, go for casual works lol

In the new place where he works, the belt is very fast, no music , no phones , and you never run out of work, and if you step out of line, you get shouted out by the line managers

I think a change to USO would help, but RM management and operations need to be much better

Lastly RM mail centre has been very busy since 20th November

They are calling more agency staff compared to before, offering agency staff 5/6 shifts a week now

The shifts are longer 6, 8 12 hours

Plus they have Xmas temps working as wekk

So it's very busy there

Let's see what figures we get next in the next trading update

Https://theconversation.com/why-royal-mail-is-struggling-to-deliver-217954

Oli, recently I've ordered a lot of items through eBay, Black's clothings website, eBay....

I've not had a single item delivered by RM.

Is RM failing to win back customers lost due to Strikes, is RM loosing market share

Could the negativity regarding late letters delivery be effecting the parcel delivery business..

On my Google I get loads of recommended readings , and on RM it's always local or national newspapers with complaints of locals not receiving post....could this be effecting the parcel business

https://www.bbc.co.uk/news/uk-england-essex-67514732.amp