Member Info for Wolfbag2

Wolfbag 209
Bunks 211
Boyo 213
ocelot 230

"The Company appointed KPMG LLP to investigate the issues announced on 20 September 2019 relating to the classification and valuation of inventory. In line with the Company's previous guidance, KPMG's provisional assessment is that those issues have had the cumulative effect of reducing inventory by approximately US$23 million and consequently increasing cost of goods sold by the same amount, spread across financial years 2018 and 2019"

So my fag packet calculation based on EOY results $23m/$389m is around 6% on the price (186) means my estimated share price should be around 174

More alarming to me is "During the course of the work of KPMG and PricewaterhouseCoopers, matters of concern have recently been identified in relation to how certain other transactions have been constructed and/or reflected in the Group's accounting records. Some of these matters indicate potential impropriety. The Company and its professional advisers are now investigating these matters further, both to examine them fully and to quantify their potential impact." what kind of effect this could have on SP is most disturbing !!! especially when the trust in this company is already at such a low point

Wolfbag 222
Klassic 223
broad-land 225
ocelot 235

https://www.casinobeats.com/2019/11/04/cross-party-mps-call-for-online-stake-and-prize-limits/

Mayor Bunks 207
Boyo 209
Wolfbag 211
Broadland 215 (champ)
Hawkey 220
ocelot 225
Withoutt 230

Withoutt 195
Wolfbag 199
Hawkey 201
ocelot 210

Wolfbag 184
Withoutt 189
Hawkey 200

None Achievable without CWU

43 hour week, now 38 hour. - Sorry that's an EU Working time directive
6 day week, now 5. - EU working time directive as well
£88 per week take home pay, now over £400 per week. - Minimum wage requirements

You forgot the increased holiday pay (to include overtime) - again an EU directive that RMG has been slow to apply

Sure the CWU take all the credit - unfortunately being a Postman - hard physical work as it is - for the most part is unskilled and consequently mostly starts at a level just above minimum wage - although with the various regional weightings it is not bad pay for what it is

I'm afraid that when I worked for RMG it was a dinosaur and the conditions and perks were rightly (imho) eroded - for instance we still had a 2nd delivery - that was a joke - if it even got done it was seen largely as a perk and many (walk deliveries) had a working day 06:00 and could finish around 09:30 - dossing their 2nd to be able to get to their second job

QUOTE Link plans to return cash to investors at the earliest opportunity, and has appointed BlackRock Advisors (UK) Limited and specialist stockbroker Park Hill to help sell the assets. UNQUOTE Blackrock undoubtedly have an eye for a quick buck and will have in place some sort of agreement to ensure they won't lose out

Withoutt 190
Hawkey 200
Wolfbag 202

Bunks 185
Wolfbag 191
DHC 192
Hawkey 198

Only one trade listed so far today - only suspended shares seem to have more posts than trades !!!

Over the last couple of days all equities have taken a bashing - it is my view that Falkland would have done himself a better service by refraining from any comments relating to his 175 prediction until the current bloodbath was over - RMG has done no worse over the past few days than many other of its peers - his silence may well have garnered at least some respect on this board - unfortunately it appears he could not resist with persisting with his "TOLD YOU SO" sociopathic mentality

Way I see it - Gladstone shorted at prices between 1100-1300 so they still well in profit - I'm just not sure why they haven't exited it yet like MW did

Blue Will Do - apparently its shorter than just writing Blue and less confusing too . . . . . . !!! ### !!! ???

JPM and Motley having a dig again

https://www.fool.co.uk/investing/2019/09/21/what-i-make-of-the-falling-royal-mail-and-sse-share-prices/

"the Company currently believes the aggregate amount of the potential issue could be up to US$30 million"

Never gonna be good news is it ??? - maybe auditors found 30 million fallen down the side of the sofa ?

Wolfbag 203
PostieRemy 207
Hasiba 212
Withoutt 220
Hawkey 222
Stockbuster 229
ocelot 230

OK I'm in !

Wolfbag2 194
Dodger777 196
Klassic 200
Broadland 203
Stockbuster 205
bunks 207
Hawkey 211
Hasiba 213
Workover 215
Withoutt 220
ocelot 350

Cha-ching - another 45 quid to Rupert - coulda woulda shoulda - simply stating the blindingly obvious and offers nothing new - Although it appears to me to be a fairly well written article, A simple word count of the article comes up with 12 "could"s - I could equally make a robust prediction along the lines - "I am fairly confident that Burford is likely to trade in the range 500-1200 for at least the next few weeks" !! - now where's my 45 quid ??