International Distributi... Share Discussion Threads

[isis] 26/7/2024 17:58

RM should be worth a lot more than Evri. The Board is a disgrace and should be sacked!

[isis] 26/7/2024 13:32

In the year to 25 February 2023, the parcel delivery giant saw revenue flatline at £1.464m (2022: £1.465m) while pre-tax profit tumbled by 56% to £51m (2022: £117m). In addition, net debt has risen almost tenfold to £1.3bn under Advent's ownership, boosted by higher interest costs.12 Feb 2024

Probably more debt than RM too without all the assets! something wrong here.

[isis] 26/7/2024 13:27

RM is way bigger than Evri. No wonder he's so keen on getting it, could be worth £5billion on it's own with USO reforms and some tweaks.

[isis] 26/7/2024 13:19

Hard to believe EVRI is worth nearly £3billion and RM valued at almost nothing.
Bit Smelly that!

[rudder] 26/7/2024 13:04

I’ve been offered two options from my broker.
1-Tender my shares to receive 3.60 per share.
2-No action (Default)

Not sure what the Default option entails. I plan to call Monday for clarification.

[isis] 26/7/2024 10:07

Inching closer to the Bid price, only 25pts off including the Dividend.

[pdosullivan] 25/7/2024 07:27

Less than 4pc of the 72pc of IDS that Kretinsky did not own before he bid for the company has accepted the offer so far. That tells its own story, not least given that the offer doc says the deal timelines can be brought forward if enough people accept.

[isis] 24/7/2024 03:30

Select Committee said it was sold off too cheap! Now the board says it's worthless! Well there ya go. Funny GLS was hardly mentioned!

[lefrene] 23/7/2024 17:10

Moorsie2, more like the last 50 years!

The unfortunate thing though, the useless Sunak is going to look good against the way Starmer is shaping up. He'll sell the whole country down the river for the sake of virtue signalling. Gawd knows what they have in mind for RM, but if it can be screwed up, they'll do it.

[moorsie2] 23/7/2024 16:34

A classic example of virtue signal politics and why the UK has declined in wealth and stature over the last 15 years.

Look at Brexit through this prism and you cry at the destruction of this proud nation

[isis] 23/7/2024 16:07

Totally. RM could never have been floated under the current USO and they did nothing to reform it. In fact useless Sunak stuck in his Claws to endure it wouldn't!
One of the worst UK Governments in History on just about every metric!

[moorsie2] 23/7/2024 15:43

Tories screwed this up royally!

If only they reformed the USO a few years ago and made this a more attractive proposition they would have protected this institution.

Complete frauds and bluffers

[isis] 23/7/2024 14:56

It doesn't look like Labour will oppose the bid.
Baxically they will be getting RM for free with all it's assets. Yes there is some debt but they are capable of making 100's of millions with changes to the USO.
There aren't many Companies that don't have debt including EP!

[isis] 22/7/2024 19:55

Jasper Jolly? lol

[spob] 22/7/2024 19:52

Biz secretary expects Royal Mail takeover to be called-in for government review

Jasper Jolly

Business secretary Jonathan Reynolds has said that he expects the government to call in the proposed £3.6bn takeover of Royal Mail by Czech billionaire Daniel Kretinsky for review .

[spob] 22/7/2024 19:49

Labour are intervening in this deal.

So I expect deadlines will be changed/extended

[not my real name] 22/7/2024 11:30

cherryandwhite1,

So if I vote no and the deal goes through do I automatically get bought out.
----------------------------------------------------------------------------

No. Only if he gets over 90%. 70-90% and you are in limbo. There will almost certainly be a period of grace when they will buy them from you (probably at £3.62. No 8p special dividend) but you need to elect to sell your shares before the end of the offer date to get £3.70.

NMRN

[pdosullivan] 21/7/2024 15:06

I am surprised at how few institutions have come out to say what way they are voting on this.

[isis] 21/7/2024 13:46

With RM's fortunes changing the offer does not look realistic. The USO can and will change this would also affect RM's valuation, the Board seems to be ignoring this and are recommending the deal come what may.
A very unusual set of circumstances and a Lazy board.

[cherryandwhite1] 21/7/2024 07:57

So if I vote no and the deal goes through do I automatically get bought out