Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
This is bbc on the CWU strike ballot:
https://www.bbc.co.uk/news/business-62219565
Dave ward uses the profits of the whole group, including GLS, as the reason RMG can give a 'dignified' pay rise. Seems like he is prepared to live off the backs of GLS workers. After todays announcements he may be realising that isn't an option.
Dynamo. so are you saying that RMG can't be anymore efficient?
This is bad.RM losing £1m per day, demand falling. Fortunately GLs profit almost cancels this loss, and equally importantly taking steps to separate GLS and RM so there can be no cross subsidisation.
9-11% payrise, laughable. This does seem to be moving towards an existential crisis for RM as Thomson has been saying recently. Interesting to hear CWU's ideas on how to fund their pay rise.
Correction Angersharkz: BT s.p. tumbled on 15th JULY when strike dates were announced,
(Not not 15th June as I originally posted)
Angersharkz, I think the BT s.p. tumbled on 15th June when strike dates were announced, which was a few weeks after they voted for industrial action.
I see what you mean Isle. In that case I agree, this is when we find out that some things are more important than money.
Isle, is the next one when they choose trike dates?
Thompson has his work cut out to turn this around
citadels short position increased by .14% to .52% on 15th July, DK's latest investment in RM crossed reporting threshold on 14th July. I doubt this is coincidence.
JP do you think the ballot result be announced during trading?
Whilst DK has been buying this latest tranche of shares won't he have been countering the shorts attempts to lower the sp?
If his buying is now over this may now leave the door open for them.
Thanks JB, Dk's voting rights gone up by 1% to 22%, is approximately another 10m shares bought?
completely agree Angersharrkz, real time sp is 271.6, drop of 5.6p in opening half hour,big drop considering ranges it has traded in recently. Reported shorts (the ones we know about) are up, Q1 out tomorrow (have the big players got a heads up?), CWU strike ballot result today. Certainly conditions for turbulence and thus far market is responding.
Ollie I interpret that as :RM are too far ahead of their competitors because they provide the USO; they need to be temporarily hamstrung until their competitors catch up.
Ofcom justify their partiality to the competition with an implication that the playing field is tilted in RM's favour, that the USO is some bounty of benefits for RM. Due to this we aren't allowed to deploy a product which we have already developed. As Ofcom say, competition is a great thing to encourage, by definition it involves one gaining an advantage over another and then using that advantage to their and the postal users benefit. Unless it is RM .I cannot see the logic, or rationale in ofcom's reasoning or conclusions.
That would be my interpretation JB. The Universal service is a burden to RM, and a gift to our competitors who dump their mail onto us to deliver the very expensive last mile, where the majority of the workforce is employed. RM come up with a great idea, offer tracking on every product even 2nd class letters. This is really useful to us the public, keeping tabs on their letters and letting them see that yes, stamp prices did go up a few months ago, but there has been a tangible improvement in what is offered. Win Win.
For free tracking to be blocked is absurd; Ofcom fine us £50mfor poor service, and at the same time, penalise us for trying to make enhancements to quality... and all in the name of the universal service obligation . Is there a thing in business law that says you can't improve your product, make it better than your rivals product, and continue to sell it at the old price?
Arsenal, I know who you're talking about, but UNITE have also been intertwined. However, that's turned out to be a damp squib, sp didn't move. CWU are clearly the ones who could/will upset the applecart. Do you think the official announcement of a positive IA ballot result will affect the sp?
So is that it with UNITE then? Apart from us not knowing what it took for UNITE to halt IA. And the news is nothing happened!
I believe there is a press conference at 4pm and result will be announced during the conference.
Angersharkz, Is this recent news?
Sextuple quotes. Really?