||EPS - Basic
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UK Mail Share Discussion Threads
Showing 126 to 148 of 150 messages
|No leaks. That's a rarity.|
|Good to wake up to. Wish I had a few more now.|
|Totally agree Andrew Baker,The worst delivery service I've ever experienced too.... with listed contact telephone numbers that don't work and a useless online " Manage My Parcel" service which has various change of delivery instructions - none of which are followed by the company/driver.This company will probably make huge profits until people realise how bad the service is and then they'll lose all their clients, reduce profits and share price will tanks (if it's not doing so already).|
|This has to be THE WORST delivery service in the UK!!! It took two days to deliver my O2 'phone, with rubbish comments on their tracking service about having tried but couldn't deliver. Firstly they said O2 failed to give a full address, which is possible, then said when finally delivered that first time they had tried, despite O2 saying their tracking said they had tried on previous occasions.
No wonder the share price is in freefall: don't touch with a barge pole, and if unlucky enough to hold, sell whilst you still can.
This business is going nowhere, literally ... :(|
|Had a few of these for the EEZY3 portfolio. FWIW.
|I have just seen a document produced by a company called parcelbright that claims in August they renegotiated their rates with UKmail which has doubled their re sale margin to 36%!!
No wonder this company is flooded with the wrong kind of parcel and not making any money. Parcelbright say on their website they can sell a 30kg next day item for £5.99 so UKmail must be selling to them at a loss!!|
|Looks like GB has paid the price for the mess this business is in.|
|The number of non conforming parcels at the new hub is killing them and if they manage them out it will knock on to parcels they can handle.
When you look at what goes on at the new DPD hub it's like comparing chalk with cheese.|
|Too high p/e|
|UK MAIL GROUP plc
UNAUDITED INTERIM RESULTS
For the 6 months ended 30 September 2015
· Results in line with previous guidance
· Relocation of national hub from Birmingham to Ryton completed in July 2015
· Group revenues of £237.6m up 4.5% on the previous year (2014: £227.5m)
· Group profit before tax (pre-exceptional) £4.9m (2014: £11.2m)
· Group profit before tax (post-exceptional) £2.2m (2014: £12.0m)
· Net exceptional costs of £2.7m (2014: net exceptional income of £0.8m), including hub relocation costs of £7.3m, partly offset by HS2 compensation of £6.8m
· Net debt at period end of £12.7m (2014: net cash of £9.5m), reflecting significant investment in new hub and automation
· Final HS2 compensation payment of £10.3m agreed, to be received in December 2015
· Interim dividend of 5.5p per share (2014: 7.3p)
The results stated above are for continuing operations and exclude the prior results of UK Pallets which ceased operation in March 2015.
Guy Buswell, Chief Executive Officer of UK Mail, said:-
"The current period of major investment and transition will deliver significant long term benefits. However, as we advised in August, it has become clear that the near-term challenges associated with the transition have been more significant than first anticipated.
"Trading in the initial weeks of the second half, and overall trends within our individual businesses, have been in line with our revised expectations. Our expectations for the current year therefore remain in line with previous guidance. However, due to the timescales required to fully resolve the challenges, our expectations for the next financial year have softened slightly.
"Whilst this is disappointing, the strategic rationale for the transformation we are undertaking is as compelling as ever, and we are confident both of our ability to restore our parcels business to previous levels of profitability and to build from there. The medium term operational and financial benefits will place us amongst the most efficient and competitive operators in our market."|
|UKM and DX. are both guilty of not getting their house in order. Jam tomorrow stories don't wash in this sector, as seen last Christmas with City Link.|
|A quiet skip upwards in recovery?|
|Yeah, pretty serious profit warning this one - especially disappointing to see that more parcels are incompatible with the new equipment.
Nice of them to give a guidance for the full year earnings though, wish more companies did that in their profit warnings.|
|It's a whacking great warning, whacking is a technical term :-o)
So it could be quite a dip.|
|Not unexpected. Probably one to buy on any significant dip.|
Overall, as a result of the above factors, the Board anticipates that the Group's performance for the current financial year will be materially below current market expectations, with profit before tax (before one-off exceptional items) now expected to be in the range of £10m to £12m, and with some continuing impact into the first half of the next financial year.|
|Recent rise will be dividend orientated|
|slow rise in progress?|
|sold today, concerned that the share price seems to be sliding back and on an incredibly strong day for the market UKM was very weak.
Hope to be back in again once the move to the new DC has all settled down.|
|Thanks for posting, good share price recovery from fairly cautious IMS.
Medium term prospects for UKM seem excellent, big 6 months though and share price could be choppy as they move to the new distribution centre. Happy to hold as think the long term trend towards online retail will more than compensate for any softness in the next 12 months as their service levels settle down (certain to be impacted by the move). Could trade in and out but its pretty illiquid and can move quickly so not worth the risk of missing upside.|
|I don't buy shares on Evening Standard tips, but if you like what they wrote today:
"Snap up UK Mail, Cantor Fitzgerald recommends. The broker says the delivery business has traded strongly and its only problem is that it is growing too quickly for its technology. However, this will soon be resolved. Shares are 471p; target is 600p."|