Member Info for teslo

With Liz Truss in power and / or a conservative government it also bodes well for DK,

The CWU is proposing to re-ballot, BT Workers including an overtime ban.

Let see if Dawe Ward has the cajones for that, I think he would find that the strike will end very quickly if an overtime ban is implemented.

Unfortunately for all parties involved he seems both distracted and fixated upon pining his hopes on a nationwide national strike across all the unions and all the various striking sectors which are currently in dispute in the hope it forces the current government to collapse resulting in a general elections with Labour being voted in and re-nationalisation across the board.

Liz Truss saving grace at this stage could be breaking the unions, Maggie Thatcher style, and with the economy in it's current state this is the best shot at taking them down. It will probably continue to get very ugly in the short-term, but long-term this is what is needed. Otherwise all that will happen is the unions will just weaponise the same arguments and legistation every 18-24 months, effectively holding PLC's to ransom.

The employees are just cannon fodder at this stage and Simon will be announcing something on Friday, he said as much in a video sent to the " team " on the workers app, which someone posted about on Twitter.

Ok, that's one too many red flags for the manchild, time to filter another braveheart keyboard warrior.

GLA

@Anger I have chartered qualifications in accounting the highest possible ones in existence, a masters in valuation, sand years of experience in that field so nothing in any RNS could possibly go over my head.

Unless you have the same qualification and experience, you on the other wouldn't understand the question of a final paper for a professional exam of that nature let alone be able to answer it.

If you're going to come at me with nonsense, at least make it plausible, as for your average, it will not start with a £1,

And it's that attitude @Anger which is the reason why you bought when you bought and have the average you do and why the employees here will have an average 50 % below yours.

@Dowsie, yes, Dave could do it on his side and it would probably have a bigger overnight impact than any daily strike.

As of now you guys are striking, then going in the next day and are either being given or booking overtime simply to clear the backlog, which basically is make-up for the lost pay.

The only government intervention that is required is simply to put the negotiation parties for both sides in a room, minus Dave and Simon and a deal would probably be reached in a couple of hours.

The other two clearly have separate agenda's and more about themselves than what is best for all those involved.

Exactly @crumbs it would put the cat amongst the pigeons and a decision would have to made one way or another.

If Simon issues a video banning overtime, that would put the cat amongst the pigeons with a lot of the striking members.

Simply because they're striking, then coming back to mayhem and making back the lost income, well those with " friends " in the right place are so clearly doing that.

I saw a clip from a video Simon sent the " team " I am guessing from last Friday, did none of the employees here see that video ?

Or was it just sent and made available to the managers, I can also see now why the employees here are so antagonistic towards management, it's simply because they're not part of CWU and it's no wonder why the company is so toxic.

Simon has said if the strikes move past October 25th, the losses for the full year will materially impact the overall year end profitability and that for every 100 million lost this represents around 3,300 jobs, which will obviously be lost.

So after making that announcement on Friday to the " team " the CWU went live in the afternoon, and then after talks today the CWU has decided to issue yet another letter to inctie the members further. whilst at the sametime taking shots at both company and the CEO. It's no wonder he does not bother turning up to the meetings, how can you negotiate with ****s like these.

There have been ongoing talks all the week, yet the CWU decided to issue a letter to rally the members, although it isn't actually telling them anything new or what they actually want.

It's nonsense at this stage, it's almost as bad as the Deutche Bank who less than a year ago issued a £7.63 buy rating for RMG and 11 months later have issued a £1.20 sell rating. So the Institutions that were selling this time last year, are now starting to think about accumulating in the not too distant future.

In 2020 the lowest broker rating was Credit Suisse who gave 95p rating in June 2020, at which stage the price had already hit the all-time low of 1.18.

I will probably sell and buy back later if the price bounces another 5 %, it's just seems too volatile right now, because for every action from the CWU there will be an equal reaction from the company and vice-versa and no one can really plan for any number of random RNS releases that can potentially cause daily 20 % swing's.

Either way, if the strike lasts beyond October, the November RNS will be a complete cluster****, especially if December dates have been announced in advance of its release.

At that stage Simon will have no choice but to break the union and the union will have no choice but to hopefully push the company into administration, due to either going concern issues or breaches of the current USO.
Again on social media the responses to the CWU letter as much negative as they're positive and how is striking whilst talks are ongoing benefiting anyone ? Both parties albeit without Simon are in the room, obviously talking yet the moment talks end, the pettiness begins.

It's almost like this forum after 4pm.

He will terminate the contracts, then re-employ them on lessor terms and conditions with no CWU.

@DOWSIE companies that pay-out dividends always stay in a tighter price range than those that don't.

Add up all the dividends that BT has paid over those 38 years and you will get some idea of the true price and value.

Oh @ispy I might direct my words towards Dave but I am ****ed at Simon simply because I would have 99 times out of 100 been out of this stock on Friday morning @ between 215-220 or so, had it not been for that RNS dropping at 7am.

As for the company itself I am financially invested but not emotionally invested in it, so I don't really pay much attention to the noise, all I have done in recent day's and weeks is step up my research.

I will simply do exactly what I did between July and December 2019 and trade the range based on news and RNS's releases.

@T2K i think within RMG there are two types of posites, those who have years of service and have paid off their mortgages have adult children and can afford to strike and then there are those like you mention.

I have a relative who I saw last weekend, he has a young family and earns an above average salary, but he is the sole income earner within that household, so I understand how the cost of living crisis is and will be impacting those types of staff members at RMG.

They deserved to have £200 million set aside for them out of the 2021 profits, and without strike action this year the company as a group would have made circa £450 million profit so even if you split it three ways, and retained 1/3 , shareholder 1/3 there would have still been £150 in the pot for employees, if all of the 2021 pot had been spent.

This seems to be more about the current CEO and the leader of CWU than anything else, because common sense is not prevailing here, it just seems to be an ego batter between Dave and Simon and neither want to give anything to the other. They seem the types of people who prefer a lose-lose scenario as oposed to being seen to give something of value to the other party, it's just self-sabotage at this point from both sides.

It just does not make any sense at this stage, especially if the strike's move into November.

The support on social media from the CWU is not that much outside of members and Labour MP's, they're buying bots, half of the reply's especially to Dave the ******** posts are now negative.

It's almost like they're in this so deep now that they have to see it through to the bitter end, and unless the current Government collapses overnight and Labour, are immediately elected to power, the CWU as of now are fighting for less than they have already lost.

Outside of any further RNS's, new strike dates or other sector news the share price will just follow the trend set by the alg bots, and will probably range between 173 - 213

The is the latest tweet from the CWU South Wales Branch in relation to BT, but the same context could be applied to RMG :

" BT strikers have had a huge impact. Openreach have not recovered and the company is in panic mode. This Thursday we strike again and senior management will have to put aside their egos and negotiate or watch the company fail. "

That indicates to me if they do not get what they want they're quite happy to take the company down with them, it's a totally narcissistic form of negotiation and it really is blackmail at this stage. With RMG every day of striking costs £25 million in lost revenue and anywhere between £11 - 15 million in lost wages, pension and Ni contributions for employees. The strike has already reached the point where there are no financial benefits for either party in continuing to strike. The employees have lost what they would have gained in a % pay rise and the company has lost what it would have saved, therefore all they can be striking for is about terms and conditions. The exact same conditions that have now been breached by striking.

At this stage, it all seems pretty pointless, and it has served only to be destructive to both parties, customers, suppliers and shareholders.

Surely it's much easier and better for everyone involved simply to put a stop to the strikes whilst taking part in lengthy negotiating talks and if those negotiations fail, then they would 100 % have full public support and the right to petition the government.

As of now the CWU members are just sheep following a complete ****, and when you look at their social media they're really getting that much support, outside of that from the same 100 - 500 members and Labour MP's that are pretty much obligated because of the donations paid to them.

The strike last Thursday, followed by the RNS Friday morning just details the failure of it all on both sides.

Now BT and RMG are striking on the same day, probably so Dave the ******** does not have to donate two days worth of pay for the cause.

I think the CWU like to use the good cop / bad cop routine in their negotiations with the company, unfortunately for them Dave Ward seems to have utilised the Stanislavski technique of method acting and remains stuck in character judging by his continuous rant's on Twitter.

I believe Dave Ward will have a complete meltdown and could well be joining Terry on gardening leave if DK gets the go-ahead.

Ironically, when Terry used to be the one talking on behalf of the CWU Dave was the one who seemed to come across as the most sensible of the two, now I am seeing the same with Dave and Andy.

During the last CWU live discussion, Andy was the one who said it was imperative that a deal was made very soon, whilst Dave seems hellbent on his current path of destruction and self-sabotage.

Personally, I have more faith in the self-made billionaire than I do in the self-delusion that is the current leadership of the CWU.

*I meant secured creditor.

Either way I agree it's unlikely to come to that, and today has been a real positive day, so let's stay on that track.

GLA.

It's always normally a secured creditor that will force through an administration or insolvency.

A secured debtor that normally owns the assets of the company, lot's of companies I worked with back in 2009 used invoice factoring services to generate quick cash flow, and the price they paid was interest along with the factoring company owning the company's debtors ledger. When any of these companies faced extreme cash-flow problems as they did in 2009 the invoice factoring company would literally force them into an IVA.

It's very quick and brutal when it occurs in real-time.

Scamp I don't disagree with you, but there is always a small possibility when a company's gearing in on the increase along with it's debt rating being moved to a junk level.

I witnessed and saw companies in 2009 I never thought were capable of going bust, being literally forced into voluntary administration because of the pressure put on them by various creditors who were facing similar pressures themselves. In RMG's case the government would be obligated to bail them out, similar to what it did with a number of banks in 2009.

All it takes though is one creditor to issue a winding up petition against a company.