Royal Mail Share Discussion Threads

[tomboyb] 21/11/2019 09:03

I hope this can be avoided as well -

[zztop] 21/11/2019 08:44

Postman goin the same way as milkman?

[tomboyb] 21/11/2019 08:41

This actually makes me a bit sad tbh -

[careful] 21/11/2019 08:37

RMG has a promising business but must adapt.
Postmen have very few letters to deliver but parcels are huge.
sad but our traditional posty is becoming obsolete.

After the election the mood may change providing Corbyn does not get anywhere near no.10.

Industrial strife ahead.

[encarter] 21/11/2019 08:36

Strike next.

[tomboyb] 21/11/2019 08:08

Tis a shame -

RMG has a lot of work to do -

It is a British institution that will have to adapt -

But additionally it could also be an opportunity -

[tomboyb] 21/11/2019 07:47

Royal Mail plc (RMG.L) today announces its results for the half year ended 29 September 2019.

Rico Back, Group Chief Executive Officer, commented: "Our profitability performance is in line with our expectations for the half year, despite considerable UK economic and political uncertainty. Group revenue was up 5.1 per cent, including our best UK revenue performance in 5 years. UK parcel revenue growth more than offset letter revenue declines. GLS revenue, up 14.1 per cent including acquisitions, underlines the strength of our international operations. We continue to expect to deliver adjusted Group operating profit of between GBP300-340 million (before IFRS 16) in 2019-20, in line with guidance. The business has delivered good in-year trading cash flow, supporting our new dividend policy. As a result, the Board has declared an interim dividend of 7.5 pence per share.

"The UK letter revenue performance in the first half is our best for 5 years. It will also benefit from the General Election in the second half. But, the outlook, excluding elections, for the letters business in the UK is challenging. Lower than anticipated GDP and lower GDP forecasts for 2020-21, together with business uncertainty, are expected to have an impact on addressed letter volumes. For 2019-20, we now expect addressed letter volume decline (excluding elections) to be in the 7-9 per cent range. In 2020-21, we expect letter volume decline (excluding elections) may be in the 6-8 per cent range.

"Our transformation is behind schedule. We are investing more because of the industrial relations environment, the General Election and Christmas, to underpin our Quality of Service at this key time. This is likely to impact our productivity for the remainder of the year. When combined, revenue and cost headwinds could possibly result in a break-even or loss-making position for the UK business in 2020-21. We maintain the ambitions associated with our Journey 2024 plan as set out in our full year results in May.

"People are posting fewer letters and receiving more parcels. We have to adapt to that change. The challenging financial outlook in the UK means now, more than ever before, we need to make the changes required - and accelerate them - to ensure a successful UK business. We remain committed to investing GBP1.8 billion in our transformation. We want to change, working with our unions, but we can only do so through an affordable resolution. We have changed many times before. We will do it again."

[krux672] 20/11/2019 16:04

As long as there is no strike it will be fine in new year

[glavey] 20/11/2019 03:40

But will it still be the book value if they do?

[encarter] 19/11/2019 14:16

If Labour get in they have said that they will pay book value which is around 360p.

[encarter] 19/11/2019 14:13

Wilc42, what you are describing is the future.

[creditcrunchies] 18/11/2019 21:23

you have to wonder when the next down leg is going to kick in

[zztop] 18/11/2019 12:15

Apt name....pump dump etc :0)

[wilc42] 18/11/2019 11:50

Never happen.

[marcus wanky] 18/11/2019 09:39

Soon to be brought back to public ownership? Rats jumping off a sinking ship (quick pump before dump)?

[mbmiah] 15/11/2019 21:22

BlackRock dumping stock....gone below 5% now.

[wilc42] 15/11/2019 16:07

Heavily unionised. Workers expecting a job for life, an hour lunch break and a pat on the back for being average at their job

[encarter] 15/11/2019 16:05

What's old fashioned about it?

[zztop] 14/11/2019 11:36

The plan is to make it un old fashioned

[wilc42] 14/11/2019 07:03

Such an old fashioned business. Take any profit you can and run. Throw this OAP away and feed it to the pigs Harold

[creditcrunchies] 13/11/2019 20:57

They'll have to ballot again I can't see how the appeal will work as the RMG provided evidence of members breaching law the laws in this area are very much pro the business. I do believe though this will get a lot worse now the gap between the workforce and the company has widened. They could try other methods to disrupt the company in the run up to a new ballot I guess. The courts have basically made it impossible for the union to compromise so there is just a delay in strike action but the union members will have to follow the process to the letter next time.