International Distributi... Share Discussion Threads

[deanmatlazin] 14/10/2022 07:34

Key points:

-- Royal Mail H1 2022-23 adjusted operating loss of GBP219 million (2021-22: GBP235 million profit), including around GBP70 million of direct negative impacts from 3 days of industrial action;

-- Royal Mail trading cash outflow in H1 of GBP274 million(1) (2021-22: GBP114 million inflow). On a pre-IFRS16 basis it was a GBP330 million(1) outflow (2021-22: GBP64 million inflow)

Despite the current financial position, to date CWU has already taken 6 days of industrial action and formally notified Royal Mail of a further 2 days of damaging industrial action on 20 and 25 October, which are expected to go ahead.

Royal Mail expects to incur a full year adjusted operating loss of around GBP350 million, including the direct impact of eight days of industrial action which have taken place or been notified to Royal Mail, but excluding any charges for voluntary redundancy costs. This may increase to around a GBP450 million loss if customers move volume away for longer periods following the initial disruption.


Errrkkkkkk. Doom and Gloom .

[wiltowin] 14/10/2022 07:19

Hope the CWU are happy now?

[irenekent] 14/10/2022 06:59

Wot! No more spring holidays? Those who have worked for this outfit will know what I mean.

[barnes4] 14/10/2022 06:41

Can’t beat a Friday rns

[encarter] 13/10/2022 12:59

No 4 days in November

[casholaa] 12/10/2022 11:40

The workers should be paid by cheque... weekly.... by post

[wiltowin] 12/10/2022 08:28

Splitting the company up could mean shareholders are shafted

[tuftymatt] 12/10/2022 07:08

Yeah 19 days in total announced starting tomorrow.

[lennonsalive] 11/10/2022 20:38

Is true that workers are striking 14 days in November?

[bertiebingo] 09/10/2022 09:22

Upcoming H1 results will be interesting to see what they say regarding their LDI exposure. In their annual report of their pension fund assets valued at £12bn, the LDI is £8.3bn. Note 11.c : Net defined Position is in surplus of 4.2bn (11.5bn assets - 7.3bn liabilities), 2.7bn after withholding tax. Obviously LDI is the huge majority of the assets so of the surplus. YE is March so no H1 numbers yet (17th Nov)

[casholaa] 07/10/2022 16:07

Doesnt bode well --> Iain Duncan Smith - but keep your hair on like Fabricant rofpml

[gilesy911] 07/10/2022 12:40

However thought of the new name!!!IDS should be International Distribution Services not International Distributions ServicesJust doesn't flow right

[spacecake] 07/10/2022 09:41

We are not in the fashion business, it's a public service business, maybe renationalise it if you want a postman to deliver letters which might be useful during power cuts when electronic communication is not working.

[careful] 06/10/2022 16:03

Just the opposite I think.
The message is that the parcel division is not there to prop up the letters division.

Many conglomerates from the past built companies with separate divisions ,often unrelated activities.

Hanson Trust, GEC, GE America and now Amazon and many others.
Conglomerates went out of fashion.

[unastubbs] 06/10/2022 07:48

encarter, you seem to be saying that the government would permit the company to sell GLS but they would need to use the funds to prop up Royal Mail. not sure Mr Kretinsky will share that view!

[encarter] 06/10/2022 07:37

No point spinning GLS off but they could sell it. 4 billion would keep the wolves from the door for quite a few years. I'm not sure shareholders would see any of it though.

[unastubbs] 06/10/2022 06:21

to provoke discussion I would ask does anyone actually think the British Government will meekly allow IDS to either spin off or sell GLS thus leaving the hopeless UK company with all its baggage to be eventually re-nationalised? I mean what other course can you foresee if the Union's remain in control? No-one would want to buy it, even for a notional sum. It would eventually be ravaged by the market forces in action where more nimble competitors, unburdened by all the red tape and uncompetitive practices imposed on them through the legacy agreements would be taking their market share away from them while they are still having to stick birthday cards through letterboxes on remote Scottish islands...

So more pertinently, does HMG have the power to stop a PLC from selling a foreign holding if it wants to? I haven't got any answers, but these are the scenarios ahead of us and it is why this is such an interesting share to be in - albeit, I'm considerably underwater!

[datait] 06/10/2022 03:04

This will get hammered down under £1

[encarter] 05/10/2022 11:58

Who would want IDS?

[prokartace] 05/10/2022 07:42

Lets hope we can go the way of Ideal shopping and get taken over!

[careful] 05/10/2022 07:38

What do we have to do to our listing.
does it all happen automatically?

[cwa1] 05/10/2022 07:22

Thankfully I had already decided not to panic...but thanks anyway ;-)