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[not my real name] 19/11/2024 21:42

isis,

LOL

"The NIC figs are there for all to see and for every Company...."

These figures, as shown above, are vastly inflated presumably to enable Weatherspoons to justify price rises which will increase already healthy profits and further enrich the lying git who posted them.

NMRN

[isis] 19/11/2024 01:09

Brexit is done and dusted even War's didn't go on that long. ie 1914-18 etc. mind you they reckon that more people died of Spanish Flu - no doubt if Brexit had happened then..........

The NIC figs are there for all to see and for every Company..............

It's blatant pillage from Labour. Reeves never even won a game of Drafts! (sick) let alone Chess.

As someone said 'You can fool some of the people some of the time, but Labour Voters - hmmmm

[pdosullivan] 06/11/2024 18:06

Yes and IDS is paying a much higher multiple for the Greek business than it trades on itself, which to me illustrates the very low price that the Board is bafflingly recommending shareholders sell to Mr Kretinsky at.

[isis] 06/11/2024 10:23

Wetherspoons have estimated the hit on costs with 43k staff is gonna be £60m nearly all NICs so what is it gonna be for RM with 150k Staff??


This completely changes the dynamics of the business model, if you can call it that. They only have Stamps! They would have to go up substantially - it is unviable as it stands!

[isis] 06/11/2024 07:39

They see them as 2 different Companies. I may well have underestimated the costs of the budget to RM as it stands they are a basket case!

[basil7430] 06/11/2024 06:30

I'm surprised there's been no mention on here of IDS spending £62m purchasing a 20% stake in ACS

Surely the substantial expenditure on an acquisition such as this makes no sense at all whist in the midst of a takeover bid?

The only person who's going to potentially benefit from this outlay and investment will be the new owner DK if the takeover goes ahead.

[lefrene] 05/11/2024 15:32

Isis, this is a Marxist/Fascist government. Only the government and large corporations will be left, they are screwing small businesses and land owners. My guess they will re-nationalise RM, they simply don't want free enterprise to flourish.

Starmer knows nothing except the public sector, has no understanding how actual wealth is created. He will simply keep printing money to bail out the sectors he approves of. He'd make a typical Union leader inside Royal Mail.

I suspect the Czech will reconsider his position as now not being worth the candle?

The exasperating thing though, is that RM could so simply be made into a good profitable business if big government would simply get out of the way.

[isis] 05/11/2024 15:15

This Government are in Cuckoo Land. Whilst they hand out rises willy nilly to the Public Sector by putting up costs for businesses they then expect those businesses to cap their costs!
Where do they think these massive rises in Employee Costs are gonna come from?

They are just detached from reality!

[isis] 05/11/2024 14:45

Kretinsky will not take this on unless they quickly reform the USO. It simply isn't viable now with these extra costs.
GLS is okay as mainly overseas so not really affected.

[isis] 05/11/2024 14:36

This has been thrown to the Wolves, first by the Tories who floated it in the first place but wouldn't let it reform and now by Labour who are even worse!
They should take it back and deal with it, absolute shambles between the Governments and Regulators who keep kicking it into the long Grass whilst it looses £100m's!

[isis] 05/11/2024 14:24

This is from the IFS - RM has 150,000 Employees.

Autumn Budget 2024
Increase in employer National Insurance contributions by employee earnings, 2025–26
Published on 30 October 2024
The increases in employer National Insurance means that employers will have to pay an additional £900 for each employee on median average earnings.

Just on that figure that will cost RM £135,000,000 - where does that come from? They've just put up Stamps to £1.65 they would need to go up to £2.50!

[isis] 05/11/2024 14:17

Something has to give here. RM is already loss making and will now be saddled with over £100m extra costs - it is not a viable Company as it stands without big reforms.

[1224saj] 05/11/2024 14:07

What's happening here, we gave an unconditional bid on the table and we're going lower

[isis] 05/11/2024 11:45

Any extra monies coming in from raising Stamp Prices will be completely wiped out and more I should think.
One step forward 3 steps back!

[lefrene] 05/11/2024 11:00

That NI threshold cut from £9000 to £5000 is going to hit part time workers and those that use them hard. Usual clueless disconnected big government idiocy.

The culture of RM needs to change so that individual depots don't get rewarded for deliberately sending out empty Artics knowing that they will not be required by the depot they are sending them to.

I frequently drove empty Artics from Avonmouth to Castleford (Leeds) a 470 mile empty round trip.

Just because some remote computer in London ordered it, the Avonmouth depot knowing it wasn't required because it would arrive in Castleford too late to meet the deadline for the last load out of that depot. But the wagon was sent because the Avonmouth depot scored some sort of 'Brownie points' for doing so. No doubt that nonsense is still going on.

RM still behaves just like a nationalised industry, because the dead hand of government has never let go, it can't function as a commercial enterprise.

[cwa1] 30/9/2024 09:19

And....of coures...it arrives two minutes after I ask. Oh well :-/

[cwa1] 30/9/2024 09:08

Dividends are usually in first thing at ii, often before markets open.

No sign of the IDS dividend yet.

Anyone else HAD their dividend in at ii yet?

Not exactly a disaster, I know! Just unusual for ii.

Cheers

[yieldmonkey] 17/9/2024 16:16

I find myself trying to divorce IDS as an investment proposition from my own experiences of RM as a customer

As a business I spending circa £100k pa on postage of letters/small packets. Unlike RM I operate in a competitive market so the last resort on getting the price rises is to put prices up. So we squeeze efficiences, and are moving an increasing % of mail to other operators. Over the last year, RM's performance in delivering on time / losing items has been abysmal - so with the price rises pencilled in, its time to move as much as we can to other tracked service operators - even if the cost is 30p or so more, I suspect we will come out even when the late/lost items are factored in. And of course there will me more price rises so this is inevitable

So with my finance hat on, whats the investment case here for the czech buyer? On the face of it it seems madness to buy a business with a USO,rapidly declining sales, strong unions and equipment/fleets held together with gaffer tape. Doesnt pass the smell test to me - I will stick to my prediction that the business will be split - GLS sold off and the rump business put into administration down the line casusing a political rumpus! If I was still in banking I would want belt and braces cross-guarantees before I led a penny!

[isis] 09/9/2024 23:55

Totally agree. You have to wonder what Ofcom are playing at? Do they want it renationalised? If it can't make a profit then it will but it will still run at a reduced service simply on costs, demand and supply issues.
The bid will only increase if RM is seen as a viable business. GLS is worth the bid price now but RM is the problem, no one seems to be playing Ball here.

[live ink] 09/9/2024 15:47

isis,

I think that you will therefore agree with me that downsizing by merely raising the cost of a first class stamp to £1.65 but keeping the USO would be absurd.

I incline to the view that, regardless of what the CWU think, the obligations of IDS will be brought into line with economic possibility and that the takeover price will go up from 370p to rather more than 400p - perhaps getting on for 500p.

Live Ink

[isis] 08/9/2024 16:27

It's not hard to work out that the business needs to be downsized and rationalised. it's lost over 75% of Letters.
We all know we don't send or get many letters these days. What are Ofcom playing at??

[sellhighandbuylow] 08/9/2024 08:12

Guessing most UK households will now be sending out significantly less Christmas cards this year, due to the ever increasing cost of posting them.

Time for Rachel Thieves and Sir Kneel-a-lot to re-nationalise the postal service, me thinks.