Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
(Just saying - not arguing) Judging by wording Emergency motion E2 - efforts to improve productivity are in place. But that is 'way of looking & matter of opinion', I suppose, to the large SHs. DOW and S&P rose 12.5% during the last 6 months - that is a more appealing argument, IMHO. If the US stock indexes keep climbing the outflow is hardly possible to reverse.
But If (or when) there is a reversal then RMG SP skyrockets
I guess that SP might be affected also by the US stock movements in few coming days since monie leaving UK (see USD/GBP rate) to be invested in the US stock - DOW and SP are all times high (and the government's deficit as well).
Here is Terry Smith (the guy who argued with Hargreaves Lansdown regarding promoting Woodford fund) Fundsmith investment:
As at 28 Jun 2019, By Country of Listing %
US 64.3
UK 17.8
TOP 10 HOLDINGS
Paypal
Microsoft
Facebook
Amadeus
Idexx
Estée Lauder
Intuit
Philip Morris
Stryker
Novo Nordisk
https://www.fundsmith.co.uk/home/fund-factsheet
10 July 19 Delivering a first class future: Corporate Responsibility Report 2018-19
https://www.royalmailgroup.com/en/insights-innovation/responsibility/delivering-a-first-class-future-corporate-responsibility-report-2018-19/
£10.3bn - Gross Value added by our UKPIL business unit
£2.3bn - Spent on goods and services
7th - Largest contribution of any UK company to the UK economy
IMHO. Generally, the document is mild in conclusions and may be expressed as: 'we (CWU) understand the current environment but you (management) don't push (your way) that much'.
The document dated 8 May 2019, it seems a bit outdated. RMG management efforts for improving productivity are 'criticised' but at least we may get an idea of what they are. Two instances:
"- We will never accept dehumanised working environment where technology monitors and determines an
individual’s every move...:
-this Conference agrees that in the absence of agreed productivity measures and the local quality of service and resourcing audits (as detailed in the Agreement) failing to address the workplace issues, it is agreed that a national programme of workplace revisions will be instigated....'
The shorts start to warm up the process: another downgrade + Motley Fool 'usual piece of ***' + panic news.
Dazzag - good news, thanks
Scampthedog, very interesting again - thanks.
I know about the Unions a bit since I started to work in Far East region (not far from the Pacific ocean) of (then) the Soviet Union in 1989 being 'distributed' after graduating from college in Ukraine. Since then I work for privatised companies and the state one (mainly ports/sea terminals) with a heavy presence of the Unions to whom you also have to say 'please' - that is also the case in post-Soviet Ukraine.
Nonetheless, I see at RMG a bit different - the company has the infrastructure (you are saying that outdated - I take your word for that) and some part of the market (I am a customer and quite satisfied with the service) and that is solid for me - a treasure in itself and I see in the news either justification or correction for my point of view.
Anyway, now I see more clearly your points/concerns.
Scampthedog, quite interesting text to read - thanks. I appreciate when someone finds the time and makes efforts to write his own thoughts about the subject I am interested in.
What I noticed (not judgemental!) that you tend to see RMG things in a (slightly) negative way of looking (still not judgemental) even if the company (okay with the history/the union) does something right. Moreover when someone places a pitiful price tag on an industrial company with many competitors and many things to overcome and personnel who own shares and possibly dislike being value so little.
Scampthedog, completed - good! What is your opinion about RMG Financials - positive?
Redceo, I agree - RMG news are quite impressive (China service is the second to the one already announced a week ago).
DB (personal opinion) - it seems that is a part of a larger process in which banks can not earn 'traditional' money due to close to '0' rates set by Central Banks. Investors have to invest either in the stock market, particularly in the US, which already overinflated or junk bonds in seeking decent returns. DB is doing the same but the bank is smaller compared to Wall Street behemoths and the problem with profitability/bad debts are revealed earlier.
Royal Mail has launched a Tracked and Signed service to China, in collaboration with China Post.
Royal Mail aims to deliver to China within 5-7 days. As China Post is the official postal service in China, it delivers to every corner of the country, opening the market to UK SMEs and helping them take advantage of their exporting potential.
Royal Mail already has a well-established digital marketplace presence in China on the popular online marketplace Tmall, operated by Alibaba.
https://postandparcel.info/107946/news/e-commerce/royal-mail-partners-with-china-post-for-new-trackable-service/
Work is starting in Warrington on Royal Mail's new state-of-the-art parcel hub, which is one of three to be built in the UK.
The site will cover the equivalent of 4.5 football pitches and handle 600,000 items a day.
Royal Mail says it's a significant commitment to the "Northern Powerhouse" and it reflects the major role Royal Mail plays in the region; contributing around £1 billion to the economy.
The hubs forms part of an extension to Royal Mail's UK delivery network that will see the company introduce a second delivery for next day parcels and larger items.
https://www.itv.com/news/granada/2019-07-09/warrington-to-become-major-royal-mail-parcel-hub/
Scampthedog, it seems that you along with other 'guys' heavily overdo '...' - an indelible mark of perfection, I assume.
But you guys also easily spot on repeating the quote 175-180-185 in various applications - 'ex divi / brexit / good to buy / too cheap / etc.
Perhaps that would not be even 'shorting' on Ex Divi date but another 'settlements' between shareholders at a set price, though. Anyway, we got the idea about a possible SP.
Scampthedog,
We already got the idea that you planned another shorting on Ex-Divi date to induce a panic sale.
Don't forget to issue another Deutsche Bank downgrade. Oh, wait, maybe DB is not a good one.
Another case of 'Karma is a *****', huh?
Redceo, thank you for your kind words.
I am not a 'gentleman/nice guy' (of course - born in soviet Ukraine precludes that - no manner whatsoever) but I learnt with my own 'case of mistaken identity'.
Redceo,
Perhaps I am for him also the case of 'mistaken identity' in terms of 'average/profit statements'.
I wish Falkland well but filter him again.
Falkland, to whom you refer 'Eastern liar'?
Redceo, I filtered some of the members but your response included the word "Eastern" - I understood something has been said to me since I am the only one here from a country known only for HBO movie 'Chornobyl'.
Falkland (unfiltered for this occasion), my average 273, I am currently in paper loss and I never claimed that I am in profit, moreover, I always said that I am in a deep (shit) loss. Therefore, please, motivate the 'liar' description.