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[isis] 20/5/2024 17:28

I have nothing against Pigeons but I certainly wouldn't encourage them as they make one heck of mess once they get going!

[casholaa] 20/5/2024 14:27

"ranks 32nd in the Human Development Index" -indeed. I have some next door. They keep putting things out on top of their garage for the pidgeons. No obvious visible consideration for others, doesn't even occur to them, won't be long before we are over run by flying rats this year.

*I'd have thought 32nd in the 'index' was a bit high... but others may be justifiably further down.

[isis] 20/5/2024 08:20

I wonder what the Reaction would be if the suitor were Chinese or Arab?

[not my real name] 20/5/2024 00:23

Evening isis,

Daniel Kretinsky is from the Czech Republic, works as a lawyer and enrepreneur and is worth in excess of $9bn.

He has reached a level of sophistication most people in the country cannot imagine and the Czech Republic is more advanced than the UK in many respects.
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The Czech Republic is a unitary parliamentary republic and developed country with an advanced, high-income social market economy. It is a welfare state with a European social model, universal health care and free-tuition university education. It ranks 32nd in the Human Development Index. The Czech Republic is a member of the United Nations, NATO, the European Union, the OECD, the OSCE, the Council of Europe and the Visegrád Group.

Sounds very much like a place I would enjoy raising a family in, with better educational prospects than this country.

Just saying..........................

NMRN

[isis] 19/5/2024 21:36

I have met many East Europeans as London is flooded with them. Thanks to Blair they already think Brits are lazy good for nothing scroungers and they themselves are the hardest workers on the Planet! Many of them are just plain greedy and do not have the work or the wages to compete in their own Countries which is quite ironic given they think they are the best.
This will just seal the ludicrous position that RM has been put in and I can imagine the laughter after at the Drinks party after the deal is done! Poland is already convinced they won the 2nd World War because a few Pilots joined the RAF.
Those stupid Brits, we now have their Royal Mail, a sacred 500 y.o Company conceived when Henry VIII was King. We are a laughing stock!
Pass the Vodka and Caviar Dimitri.

[isis] 18/5/2024 13:45

The Tories may allow the bid and hope the RM problem will just go away but we know it won't, although they won't be in power to see it.
It would be better to ring fence RM off, put in reforms that can make it viable again and then if all else fails renationalise it. This can't happen in Foreign hands so easily and they would have to pay a hefty price to get it back.
A right old mess than could have been avoided.

Kemi Badenoch I don't really think is up to the task on this, the Financial World can be far more brutal even than their Political one.

[isis] 18/5/2024 13:25

Unfortunately have to agree with the article although I want the bid too. DK is not bringing investment to the Company but merely buying it on the cheap. Sunak is only concerned about winning a few votes which is why they have not engaged with IDS hoping it will just go away until he loses the next election.
It is a complete farce and there is no way a Foreign owner will put up with all the Union nonsense and will run down the service if reforms are not made to make it profitable, exactly what the current management have been trying to do for the past 4 years. When it was floated I don't think anyone realised the extent Smart phones, the Internet and email has taken over from the Post which except for Parcels and legal Documents almost extinct. I have never had a Dental Appointment by Post even before Mobile Phones and the Internet was invented!
Another Bloody Tory mess!

[freddie01] 18/5/2024 11:09

ALEX BRUMMER: End this Czech farce at Royal Mail now

[isis] 17/5/2024 17:27

We may just have to accept that RM with it's Militant Union and our Non-Cooperative Government have made this Company an anachronistic Basket Case.
One minute they're saying how RM is the life blood of the UK and the next they're giving it away to a Czech for nothing with no idea what will happen in the future. One thing you can be sure GLS will be distanced asap.

[isis] 17/5/2024 14:16

Hunt says he Welcomes Foreign investment. Errrr, what exactly is Kretinsky investing and where? Well GLS operate outside the UK and RM has already had alot invested in new Machinery and work practices so what will he be investing?
Precisely FA and that is how stupid our Government is. GLS is trading as separate entity and will not even have an HQ in the UK and no jurisdiction whatsoever from our Government. Just how stupid are these people?
In fact they will get no Taxation at all from GLS and RM has made huge losses so won't pay anything for years. if they don't pull their weight the whole lot will be thrown back at the Government minus any Light Bulbs or anything not bolted down!

[isis] 17/5/2024 14:04

Might as well give him the Keys now!

[isis] 17/5/2024 13:16

Imagine if the name was Ambromovich rather than Kretinsky??
I don't see much difference!

[isis] 17/5/2024 13:14

I was thinking along those lines too as they are run as separate entities. The Government have made RM a Basket case atm by being uncompromising, I hold them responsible for this.
It seems the Regulator is a Tool to break Companies. DK would have no qualms in abandoning it if it got into more trouble or the reforms are not good enough and there is very little they could do about it in the reality.
Mind you he'll pillage it first!

[moorsie2] 17/5/2024 13:04

My preference would be for the board to sell GLS

Then hold shares in Royal Mail and force government changes in universal service. Then run it purely as a UK business. Then the unions are exposed

[isis] 17/5/2024 12:35

The bid is really only valuing GLS and RM nothing. The annoying thing is that after the election RM will be able to make a profit again making it worth £2-£3 Billion which will go straight into DKs Sky Rocket plus any property he wishes to sell etc. etc. GLS was hardly mentioned when RM was floated and was castigated for being sold off on the cheap. Now they're giving it away for nothing!
Just crazy.

[blackhorse23] 17/5/2024 10:51

Out now & going to buy GNC

[holts] 17/5/2024 10:00

Surely part of the answer is keep the universal service but allow Royal Mail to charge their competitors a decent commercial rate that reflects the costs of providing that service . They have all had plenty of subsidised time to set up their own networks .

[isis] 16/5/2024 19:24

So RM will fall into Foreign hands purely because Sunak is playing Political Games. An absolute disgrace and he does not deserve to be an MP let alone PM.
A complete shambles of a Man.

[isis] 16/5/2024 18:36

It is almost certainly one of the reasons Kretinsky struck when he did. Had the reforms been announced then a value could be put on RM's forward earnings which could value it at £2-£3billion.
If he wins and then the Reforms are allowed after Sunak goes then he stands to double his money in short order.

[isis] 16/5/2024 18:21

If Kretinsky wins he will be handed all the reforms on a Plate. People can still vote with the Reforms even by Post, there has never been any suggestion of abandoning the Postal Service!