Member Info for Wolfbag2

Not necessarily a good or a bad thing - but normally indicates volatility in a specific share price - its basically the market trying to ascertain a correct price

https://www.shiftingshares.com/what-is-a-price-monitoring-extension/

Yes Red but most importantly - "MLI will make its trading decisions in relation to the company's securities independently of, and uninfluenced by, Royal Mail"

Red - read the relevant RNS and its there to see - it's not RMG buying them back - it's Merrill Lynch doing it on their behalf (if I am not mistaken)

https://www.lse.co.uk/rns/RMG/share-buyback-programme-8hvhc6cupadokm3.html

Or put more simply - "The number of outstanding stock options and warrants of the Company will similarly be adjusted by the consolidation ratio, and the exercise prices adjusted accordingly."

Mike - I think the answer is that nobody really knows - what we DO know is that it would be wrong and grossly unfair if the options remain that after consolidation that they may be exercised at 7p/8p/9p when the sp is actually say 150p - common sense should prevail however I would expect that there is a document somewhere relating to the terms and conditions of the Sareum Share option scheme and there should be some sort of rider in those T&Cs something along the lines as follows :-

"Under the respective terms and conditions of the Share Option Schemes, the Share Consolidation may lead to adjustments to the number of Shares subject to the Share Options previously issued so far as unexercised and/or the exercise price. "

Devil lies in the detail I'm afraid . . . .

Pretty much irrelevant imo - we are in the speculation game Older - BURF win a big case - it is probably subject to appeal - so until the cash is in the bank then they can't book it directly to their bottom line but some proportion WILL hit their SP as there will be speculation as to the likelihood it will actually be received in full (or actually at all !) - it's all part of the game/gamble we play - enjoy :P

Universal Service Obligation means that there will not be much (if any) discount on the standard publicised tariffs although the size and weight and dimensions of the packages mean they are really easy to handle (dare I say a "perfect" small packet size?!) and automate so there will be some forms of automation/bulk/cleanmail discounts applicable - even so I would reckon on a minimum of about £4 a package

As an aside - when I worked for RMG - it seemed to me that Ofcom wanted to beat us with a stick at every possible opportunity and impose fines whenever they could - it now appears that has changed - probably that's temporary during the pandemic - Ofcom have taken a more reasonable common-sense stance on infringements by Royal Mail (eg no fines for failing to meet targets during the pandemic ) - I note this is once again open for review - no doubt RMG will be failing its Service Delivery targets for the forseeable future

https://www.ofcom.org.uk/about-ofcom/latest/bulletins/competition-bulletins/all-closed-cases/royal-mail-quality-of-service-performance-2021

https://www.gbnews.uk/news/covid-sajid-javid-acknowledges-global-shortage-of-lateral-flow-and-pcr-tests/193410

Looks like Dan has quite a nice and dare I say relevant address book ?

https://www.spoke.com/people/dan-emery-3e1429c09e597c10138204a5

HL showing and added with existing - I got around 70% on my over-subscription - just waiting for the refund on refused requested allocation

Don't take the P coggy . . . . .

Don't think there are any Bert - its a trust thing - the HNWIs are not in it for a quick profit - but got only a minor discount on what they would have expected to pay on the open market - Rightly so in my opinion - if they want to sell on a spike then they now have an opportunity to do so - and good luck to them - if they were locked in for (say) a year then they would rightly expect a better premium - hence the previous circumstances where warrants were also given/issued dependant on share price

Not sure about the legalities of the situation but have to say I like the premise - HNWIs want to invest £1.6million but dont want to overpay (brokerage fees/paying MM rates and gamble on the buy price etc) - seems to me like Sareum (PH ?) have facilitated this method which means the HNWIs don't have to buy on the open market and instead can pay the AVERAGE price on a given day - added bonus is that Sareum sees that £1.6million (or most of hit) hit their bank balance - the net effect should be ZERO dilution and everybody involved should be happy (including us investors) ? Makes me wonder why more companies don't use this method

if there's a (say) 1:100 consolidation is it logical that the spread will be reduced (ie instead of the spread of (currently) 5.00 -5.20 being 4% then quoted spread more likely to be (say) 513-517 closer to 0.5%-1% ) ? and thus enabling more considered purchasing patterns and increased appetite for risk at a reduced cost ?

Wow is it just me or is this WAY above my pay-grade ?

Good post BoilB - I'm off for a lie-down

and the day is 08:00 to 16:30

Last Trade of the day unless there's a UT - in which case this takes the recorded data - (4500 posts LeM and you haven't seen it before ??!)

30-Nov-21 16:35:01 6.10 102,352 Sell* 6.20 6.40 6,243 UT

Really hard what to read into the purchase by SParker

i) In the grand scheme of things - £10000 worth is a fairly token gesture (but big enough to be considered confidence)
ii) Any Director buy-in is likely to stimulate the sp
iii) Any Director should be fully aware of how allegations of insider dealing likely to affect both the company AND him as an individual should big news arrive in the next day or two
iv) Obviously a Director (any Director) will be privvy to a certain amount of inside information over and above what is circulated to us simple beings ! the question is - whether that information crosses a line or whether he has acted on gut-feeling and his belief in the company ?! - It's the timing that's in question - otherwise a Director would never be allowed to buy

One can only assume that he has taken a stand and knows a good thing when he see's it - or that he has been in a position to take direct action which leaves the shareholders with the view taken on this board - ie that there's no news imminent, either good or bad - that's not already in the public domain (I take it that the Edison Report counts as public domain)

Personally, as has been broadly echoed already - I believe that he is sending (on behalf of the company) a message that "everything is continuing in a satisfactory way - that there's no news to report - and therefore that there is no reason for an RNS/announcement to say so !!! - I would hope he has been advised by PH on the risks of taking such an action and has acted on that advice.

That said - I woulda thought Sareum would have issued an RNS along the lines that they have noted the extreme fluctuations in share-dealing activity and have no reason to explain it ?! (I have seen that done before)

All this action today - anyone explain why it didn't go into auction at some point ? is this something that doesn't happen on AIM ?

hmmmm conspiracy theory - knock the price - enables a T/O offer to be made at SharePrice +50% (circa 6p) a week or so later ??