Royal Mail Share Discussion Threads

[toon1966] 13/11/2019 15:40

CWU will look to appeal, suspect we've not heard the last of this yet.

[eaaxs06] 13/11/2019 15:03

Yes, just seen it on the BBC news site.

"Royal Mail has won its legal battle to prevent a postal strike after the High Court backed its application for an injunction."

[brahmsnliszt] 13/11/2019 14:58

A London court blocked a planned strike by Royal Mail Plc’sworkers during the peak holiday season, easing concerns about possible disruptions to Christmas deliveries and sending the company’s shares up as much as 4.7%.
The world’s oldest postal service won a court injunction Wednesday against the Communication Workers Union’s proposal for a national strike. A ballot for a national walkout last month received support from 97% of members as part of an ongoing dispute over issues such as shorter working weeks, pensions and job security, before the country’s general election was set.

[eggbird] 13/11/2019 14:57

Me neither!?

[eaaxs06] 13/11/2019 14:57

Whatever it was, it caused a 15p rise in the share price.

I can't see any news on the web, about what could have caused it?

[eggbird] 13/11/2019 14:49

Wow!! What is going on here then?

[datait] 13/11/2019 13:40

ICON about to take-off folks get in quick......

[creditcrunchies] 10/11/2019 20:51

I'd guess if the high court rules in RMG favour the situation will worsen you could see the union going for maximum effect especially as they got 97% behind taking action in this dispute. As far as I can see this dispute is about RMG not sticking to what they agreed in the last dispute so we're going to get a lot of disruption to the business because the gap is so large between each party. We'll find out this week on the ruling. The share price is holding up well so far though as the market does not seem worried about a strike.

[scamper] 08/11/2019 16:47

.'... union members "being encouraged to open their ballot papers on site, mark them as 'yes', with their colleagues present and filming or photographing them doing so, before posting their ballots together at their workplace postboxes".

Royal Mail's procedures state employees cannot open their mail at delivery offices without the prior authorisation of their manager.''

[careful] 07/11/2019 09:37

it is 219 because of the labour threat.
Labour could drive it down further.

The courts will decide the fair price.
unlikely to be under 300p.

labour were originally outraged that it was sold off cheaply, at £3.3bn, 'lining the pockets the City' they said.
'Theft at £3.30' they claimed.

..they will have to change tack to get it for much below 3.30.

[andyadvfn1] 07/11/2019 09:25

Why would labour or anyone pay 330 for something that you can buy today for 219?

[lefrene] 06/11/2019 11:57

This is what those CWU types are up against, the 'uberisation' and casualization of the home delivery industry. RMG with its civil service mentality is going to struggle. Although to be fair the Parcel Force operation has been pushing new 'employee's' into being self employed owner drivers for about four years or more.

[creditcrunchies] 05/11/2019 21:07

This might boost the share price:

"Terry Pullinger, the union’s deputy general secretary, said the CWU was still in what he called a “resolution process” with the company to resolve a dispute that began in May but that talks weren’t progressing and that strike action looks inevitable."

[creditcrunchies] 01/11/2019 20:33

12 brokers have RMG as strong sell to hold
3 brokers have RMG as a buy to strong buy
most reckon it should be under 190 from what I can see

[lefrene] 01/11/2019 09:42

Rather ironic that the value here might be underpinned by the prospect of a Labour government buying it back at the floatation price.

[encarter] 01/11/2019 09:32

Labour have said that they will BUY it back. It would have to be at the listing price of 330p. But it's all irrelevant as Corbyn has had his day.

[careful] 31/10/2019 16:30

This may be on Corbyn's wish list.
But it is hard to believe they could buy it legally for less than todays value of £2.1bn.
HMG sold it off for £3.3bn, and the asset value is higher.

A court challenge could be successful if they steal it at lower values. Property rights are powerful and a big element of law.

Remember the Railtrak legal case, it ruined Stephen Byers the Labour minister.. American investors fought for and got their original investment back.

Labour are unlikely to get an overall majority.

[hermanngoring] 31/10/2019 12:01

"labour buy us out"

FFS

If Corbyn gets into power he will get Royal mail for nothing. Won't pay a bean for it.

[lefrene] 31/10/2019 11:29

Erm, if Labour bought it out it would have been re-nationalised! Their biggest worry has to be Amazon who will steal the lucrative parcel operation leaving RMG with the money pit of letters.

[easwarareddy] 31/10/2019 11:22

This is going to multi bag when labour buy us out and it goes private

[scamper] 30/10/2019 11:34

29-Oct-2019 12:20 PM
Broker Forecast - JP Morgan Cazenove issues a broker note on Royal Mail Plc
JP Morgan Cazenove today downgrades its investment rating on Royal Mail Plc (LON:RMG) to underweight (from neutral) and cut its price target to 192p (from 252p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine

[jubberjim] 29/10/2019 21:06

Used to work in bank but have no idea how to read charts which seem to be how the market trades
Good news bad news no my news market seems to be driven by these algorithmic bots so any ideas suggestions would be welcome
Any publications I could read would be appreciated as I am a complete luddite