International Distributi... Share Discussion Threads

[isis] 22/4/2024 11:18

Valuable Property assets and Pension Surplus:-

[isis] 21/4/2024 14:01

Tony Blair Mark II

[isis] 20/4/2024 18:35

Largest Shareholders are saying bid is undervalued and blaming (rightly so) Ofcom and HMG for completely ignoring a need for change with the USO!

[isis] 20/4/2024 17:11

Other than the price the two other biggest hurdles I see here which could be break any deal is being owned by a Foreign entity (there is only one National Mail Deliverer) and it also being owned by a billionaire.
Of course you've got the Unions and Shareholders to deal with too.

[isis] 19/4/2024 18:49

It will be enlightening to see IDS's defence. They are obviously in a better position with no strikes and the Stamp rises, they could also bring next months figures update forward if it is very positive.
The Press are playing into a predators hands by highlighting every letter that goes missing when there are 7billion delivered by Hand every year and upto 20 billion in days gone by. So it's ludicrous to expect every single letter to hit it's target, they are sent and delivered by Humans, these are not digital Bank transactions!
Just look at the Typos and facts Journos get wrong in their reports. Google IDS news and you get 8 different stories about the same thing !

[casholaa] 19/4/2024 18:49

I think FY is 23 May? If he is going to do a deal, he needs to get his skates on.

[isis] 19/4/2024 18:34

Some articles are stating Kretinsky is making a £4.5billion bid, he is doing no such thing, they are not including any of IDS's assets only debt!

I had a Company bid on the LSE a few years ago and the buyer knew that half the mkt cap was covered by cash they had in the Bank. Again this happened when the market was weak, by the time a rival bid could be proposed it was game over and we all got shafted !
The CEO was a bit naive and I had been advocating that he use that money to pay a Special Dividend or something as it was vulnerable to a takeover. He did FA and the buyer took all the cash with the bid!

[samdb] 19/4/2024 12:01

Just started adding here. I hadn't looked at the business before the bid story caught my attention but it looks interesting without any buyout coming.

[isis] 19/4/2024 08:42

I don't think renationalisation of Companies are on Labours agenda, Starmer is not Corbyn nor is there any money for it.
RM just needs to be trimmed and the service matched to the reduced flow of Post, that would seem pretty obvious to anyone really, but Sunak is playing Politics.

[careful] 19/4/2024 08:36

JP Morgan valuation of 441p is sensible looking at net assets and potential.

Even if it was re nationalised the takeout price would at least be around the previous privatisation price of 330p, market cap £3.3bn.

I think are getting carried away by how bad Labour would be in power.
I suspect that they would be more pro business than the current shower.
They will be tougher on the inefficient NHS also.

Holding here, either way this company is undervalued.

[casholaa] 19/4/2024 08:35

I think 441 is about a year out of date

[isis] 19/4/2024 08:26

JP Morgan says it's worth 441p

[isis] 18/4/2024 22:44

The Press should lay off RM. Every Company has to deal with fakes and forgeries and they don't get blamed for it. The Times and the Telegraph have been very aggressive towards RM since pre Covid and will chastise them about everything and anything even though much of it is not under their control.
I get all my Mail and have had no real issues but they always find some wannabe with a sad story about how their Gas Bill arrived 10 days after it should have been paid and now they are bankrupt because of it.
I don't get any Bills now everything is direct debit and online and that is the case with most people whether we like or not. I know people who still want to go to the Council Tax office and pay their Council Tax and get a receipt after queuing for two hours.
These people need help!

[isis] 18/4/2024 21:17

Sunak is a very dangerous Man and appears to have a hidden agenda a bit like Blairs Government did with mass immigration.
He only want's to see his name in the history books, hence his determination to stop smoking and take peoples freedoms away.
RM needs reform and he won't allow it and has made it a personal issue. If it falls into foreign hands it will all happen anyway and the UK loses another institution to a Foreigner for a song. I think an offer would have had to be North of £6 pre covid and with reform they could get back there. Shareholders have had to bear with this pain in the Rse with a biased press for the past few years only to see it take on the cheap.

[isis] 18/4/2024 20:01

The main benefit I see of having an overseas owner is that it might finally hit them that they are not a Nationalised Industry anymore.
I know a Postman in the local and have engaged him on his thoughts but he just goes into a Stalinist rant after about two minutes, especially if i mention it's not owned by the Government or the Unions !
He also owns shares but can't grasp the concept and that I'm afraid is one of the biggest problems here.

[casholaa] 18/4/2024 19:51

Who better to own RMG than the CWU!!!! They could have the most wonderful pay and conditions for their members

[casholaa] 18/4/2024 19:50

Nahh gotta be £4+ and that's a good deal now. It's also gotta go through before Labour get in so as to hive-off gls from rmg, dump rmg and merge gls with another entity. Government can gift rmg to the CWU or flog it to them for £1.

[jason29] 18/4/2024 18:16

Well said careful.

I'll be honest I'd have probably taken £3.20 to get rid of this and move on.

It's got no chance of ever being what it should be under the current Management.

Too many Clueless Cooks in the Kitchen imo anyway.

[careful] 18/4/2024 16:22

The Chinese own our biggest car manufacturer, and what is left of our Steel Industry.
Often they get huge subsidies to take them out, then they attempt to make them viable businesses.

RMG..IDS are similar, it needs new ownership to run it as a proper efficient business.
It will die without it. Amazon will eat their lunch, they must love crushing such inept competition.

Such potential, but tough decisions must be made, being sentimental about the simplicities of the past will not get the problem solved

Huge potential here if it was properly managed. A test case for anti business basket case UK.

[not my real name] 18/4/2024 16:05

Afternoon all,

Had a bit of time to digest the pros and cons of the offer and had an "out of the box" thought.

How about Kretinski makes an improved offer, all the usual "prized institution" and "national security" concerns are trotted out, everyone gets all worked up about a foreigner owning a British company and Dan says......OK, keep your "envy of the world postal system, I'll make a bid for only GLS!

Not an institution, no danger to security, not even a UK based company. What arguments do you have now?

Very much second prize for him but I would bet my last pound he'd settle for it.

All IMHO and pure conjecture but.......

NMRN

[isis] 18/4/2024 12:38

What Is International Distributions Services's Debt? at the end of September 2023, International Distributions Services had UK£1.60b of debt, up from UK£933.0m a year ago. However, because it has a cash reserve of UK£1.50b, its net debt is less, at about UK£101.0m.2 Feb 2024