Royal Mail Share Discussion Threads

[encarter] 04/10/2017 13:19

Postal workers got an improved deal by threatening a strike now management will improve it even more to avert one.

[goldpiguk] 04/10/2017 13:06

Hi DATAIT,

I think most posters here realise a postal strike will go ahead.

What good can you see coming from a strike for postal workers, shareholders, or the public who use the service? Postal workers will be shooting themselves in the foot, shareholders will watch the value of the company decline and the public will just move to using other services at a faster rate.

At the end I expect an outcome much the same as the aftermath of the 1971 postal strike. Do you really think it will end differently?

Goldpig

[datait] 04/10/2017 11:58

Strike will go ahead folks thats for sure been along time coming.

[encarter] 04/10/2017 11:34

They could buy up to £10k worth but not many posties have £10k in cash and those that did didnt have to pay tax when selling the shares they bought so should have sold up by now with talk of a strike looming for the last 6 months.

[europa79] 04/10/2017 11:16

racg....I think you will find that the posties HAVE used logic in making their decision!!

[oiht] 04/10/2017 11:15

Indeed racg. What's proposed for the RMG Pension scheme is no different than has already happened to the majority of final salary schemes in UK companies including mine. They'll get zero support from the public, other than raving lefties.

[careful] 04/10/2017 11:13

Employees could buy up to £10,000 worth at below the usual 330p.
Some will have more than the free shares.

[careful] 04/10/2017 11:12

Almost 40% below the peak.
Maybe Vince cable was smart when he priced rmg at 330p.
A panel said it was sold off too cheaply.

HMG had to underwrite billions of pension liabilities to get it launched.

[encarter] 04/10/2017 11:08

Still only 350 shares.

[peppypants] 04/10/2017 11:05

Many held on to them due to paying tax on them ( 5 years ) up in 2018 .

[racg] 04/10/2017 11:02

Posties are stupid. Screwing themselves. I am stupid for believing they would use logic in their decision making process.

[oiht] 04/10/2017 11:01

Hernando, I had a similar experiences with the old Electrical and Mechanical Engineers Union back in the day. I soon realised that in order to get on I'd have to leave the MOD so I did. I went to work for a non-unionised American multi-national and it was the best thing I ever did.

[hernando2] 04/10/2017 10:56

en- That was then this is now...the CWU are shutting their pension scheme...its just politics for the top guys its not about the rank and file IMO.


If they cripple the business , there will be many thousands of workers in their 30's and 40' who will be on the minimum wage in 5 years or so, with a frozen pension.

How they don't understand that is just beyond me..

Another of my relatives was at Anglian water during the privatisation, he was in his 40's he buckled down got made a supervisor, did the share save schemes and retired at 54 with a decent redundancy package, the business continued to slim down as it the business invested in modern working methods , computers systems and so on.

But the company kept its very generous packages for years and years after privatisation, and most of the workforce did very well if they just got on with it..but of course nobody wants to talk about that..its all about the big bad bosses and the tories..instead of how can we do the best for the workers.

Anyway really rant over

[encarter] 04/10/2017 10:42

But without the cwu posties would be on minimum wage.

[hernando2] 04/10/2017 10:37

En- Thats how it always works, the old one get the dosh and a way out, and thats probably ok dependant upon how you look at things. The younger ones have to adapt and make the business succeed and build a future for themselves.

Unions do not like the idea of their members being successful, keep them in line no dream hopes or aspirations for them, they are the cannon fodder.

I have relatives who worked in the car factories and so on back in the day. Woe betide any union member who wanted to do well in the company, not on , the only way to get a better job was to go up the union hierarchy, and if you stepped out of line they were much more ruthless than the managers of the company.

Unions with the old thinking are the enemy of the working man in todays society IMO, good unions understand the world we all live in and have adapted how they work accordingly...

The worst ones IMO are , the railway and underground , the teachers and the doctors...and of course this mob..shockers the lot of them.

Any way rant over

[jpjohn1] 04/10/2017 10:33

Rmg are taking a real battering, bought in January and sold April, but if I still had the same amount of shares I had in them I would have been £7,400 worse off !! Anybody holding them I hope it goes back up for you

[encarter] 04/10/2017 10:09

Royal Mail have a very good redundancy package and selection goes on seniority so those over 55 would jump at the chance.

[hernando2] 04/10/2017 10:06

well they are in the real world now, they will find out how it works when they are made redundant, it will be e OK if you are 55 or so, any younger and it will be Yodel at minimum wage and working harder than they have ever done before...with no pension..

[yump] 04/10/2017 10:04

Well although I don't actually know, I'd be surprised if a load of employees had sold their shares. For many the whole process was probably something fairly unknown - not sure how many would decide the future of RMG was bad and go through the sell process.

I wonder how many are looking at the share price now and manage to put 2 and 2 together.

[encarter] 04/10/2017 09:49

Full time employees got about 700 shares and part time 350. So hardly makes up for the thousands they will lose if they get ripped off with their pensions. Besides most have probably sold their shares by now.

[irenekent] 04/10/2017 09:43

Many postmen & women got shares on privatisation. Talk about turkeys & Christmas!

[encarter] 04/10/2017 09:26

Moya got a 23% pay rise and 99k share bonus then tried to rob posties of their pensions. Big mistake imho.

[bili1946] 04/10/2017 09:23

The damage has been done with the strike ballot announcement.
I do not think it matters too much if and when the strike is called.
No sensible business will risk their Christmas deliveries being disrupted.Plenty of carriers around who will be delighted with the opportunity to pick up business both in the short and long term.No win situation for either side.

[ignoble] 04/10/2017 09:15

Wonder why it is still called Royal Mail ...those days seem long gone

[encarter] 04/10/2017 09:13

Yes a few days off for you to look forward to.