Royal Mail Share Discussion Threads

[lefrene] 26/2/2020 13:52

Possibly because agency workers will see the inside of a good many work places, and have a wider experience against which to measure different places and their work practices. They could also of course be a bit resentful of those blithely enjoying a security that they are not so fortunate to have?

I have certainly seen the inside of many places including perhaps 20 different RMG depots, they are better than most places, but each depot will have a slightly different culture, some negative, some positive, I'm always interested in what makes a place efficient and pleasant to work in and what doesn't. Goodwill costs very little to create and can significantly increase efficiency, whereas a negative culture can cost lots of money which the managers won't realise is being lost. It's always all in the detail. RMG lose heaps of money on their transport through lack of attention to detail in their operations, however their maintenance and compliance is excellent. Perhaps they should put the maintenance blokes in charge of the whole operation :¬)

[tubbs64] 26/2/2020 13:20

My experience of agency workers wherever I have worked is that virtually to a man and woman they think that the people employed by that particular company are lazy and the management couldn't run a bath. I put it down to the insecure nature of their employment.

[lefrene] 26/2/2020 12:14

Not at all Tubbs64, I owned and built up an agency, I have seen the inside of a great many industrial places, and wherever I find a Union rep they are almost always rather self satisfied individuals, they remind me of the 'pigs' from Orwells 'Animal Farm'. Their worlds are narrow and they wish to play politics rather than genuinely look after the interests of the working man. If all workers in the sector enjoyed the same conditions there would be a level playing field, just as there is in the price of diesel.

Given human nature the situation of course will never change, the noise levels might vary from time to time, but vanity will see to it that the status quo will persist.

[lefrene] 26/2/2020 09:34

If the Union really wanted to help their members they should be out recruiting new members from the other mail and parcel carriers, most of whom are badly paid with no job security. Then you would get a level playing field on labour costs. But no the CWU would rather kill the golden goose and ultimately pitch it's members out into the wilderness of pseudo self-employment as applied by many of the other carriers.

[muffinhead] 26/2/2020 09:29

and unionised workers have knocked billions off the value of the company and risk their own jobs. Not a win-win situation.

[marky60] 26/2/2020 07:00

And still pay the BoD big money!

[creditcrunchies] 25/2/2020 20:39

it's amazing just how quickly a company can collapse from the FTSE top 100 to a penny stock

[srpactive] 25/2/2020 10:43

Back down to the intraday low from the other week, still looking
weak.

dyor

active

[hermanngoring] 25/2/2020 10:26

"This business has potential if it can adjust quickly to the modern World."


This is just the problem and I speak from working at a big mail centre. Very relaxed, very unprodcutive, lots of lazy staff who do what they want and highlky unionised.

[marky60] 25/2/2020 09:41

The institutional shareholders must surely be demanding changes at the company. A break up must be a viable option now.

[hamp] 21/2/2020 16:02

how much stamps going up then anyone?

[karensparkles] 21/2/2020 15:40

Ahh let's just say I Know exactly the position the average postie is in..... but business is business....

[careful] 21/2/2020 13:56

Not convinced the average postal worker is ignorant of the need for radical change in this business.

Some extreme union leaders may dedicated to disruption and are politically motivated, but they do not control the workforce as closely as many think. Most postal workers are sensible, and in the British tradition, make their own decisions.
They will of course always vote for industrial action to strengthen the unions negotiating position, but they would in practice be reluctant to take significant action.

Rico, the new CEO is a businessman with a good track record. I think he could transform RMG with its great potential. But the radical transformation needed to survive and prosper will not be made easily. In the long run a successful profitable RMG will be good for the workforce.

An excellent investment opportunity at todays dismal share price which assumes a worst case scenario.

[karensparkles] 21/2/2020 13:09

Maybe it's because the staff are being treated horrifically?

[stevenrevell] 21/2/2020 10:41

I'll buy at a £1

[creditcrunchies] 21/2/2020 01:12

anybody who thinks these are worth a 100p are being sucked in by the institutions deliberately battering down the price for their benefit. The assets alone rate this stock around 500p, all it needs is a consortium to come in and completely asset strip the entire organisation, split mail and parcels, sell off mail keep parcels, smash the union so it has no members and they'll make a pretty fortune out of it. Right now it's totally exposed especially now the Corbyn threat has gone.

[pander45] 20/2/2020 16:41

It never ceases to amaze me in organisations how many bite the hand that feeds. They only seem to realise when it's too late and their collective actions to punish the company that employs them leads to its health failing and job losses. Narrow minded fools.....

[lefrene] 20/2/2020 15:42

This should and could be a very profitable business except that it is hog tied by legislation. No free operator would be taking deliveries to every house every day, they would naturally wait until there was sufficient mail to make a run worthwhile. Boris could play the 'green' card and relieve the PO of having to make daily universal deliveries, the savings would be huge, and Boris could claim to be in the vanguard of the 'green' planet savers, perhaps stealing a few more votes from the left. Although I feel sure the lefties all being persons of high principle will all have moved off into the EUSSR very soon :¬)

The Parcel Force side works very well, it's the mail side that kills it.

[marky60] 19/2/2020 11:51

So what these brokers are saying is that the RMG BoD is presiding over a catastrophic decline in the Company's business and there is basically nothing they can do about it!Meanwhile Rico and others are buying shares, presumably on the basis that they see some light at the end of the tunnel.Bring on the hedge funds!

[careful] 19/2/2020 11:10

Amazed that you have not closed your short having done so well.

This business has potential if it can adjust quickly to the modern World.
Always difficult for a highly paid but capable outsider with a good track record, foreign at that, to repair the damage caused by the Moya Green era.

And the unions dream of past times when we posted millions of letters and documents, delivered daily, when we posted early for Christmas.
They were employed by the state in ultra safe but relatively modestly paid jobs.

But recent the combination of the disruptive internet has created a huge opportunity for RMG, with a massive growth in home delivery for packages and parcels, but at the same time destroyed most of the core letters business.

The unions are also back to the 1970's, especially the CWU, after the looney left has highjacked the Labour Party and there is talk of nationalisation again.

Hoping that common sense will prevail and that RMG can fight there way through this mess.
There are opportunities, but with Boris baling out Flybe and renationalising pat of the railways, we have a loose unpredictable cannon in number 10 with no clear understanding about business.

[hermanngoring] 19/2/2020 10:48

I have been short off an on all the way down from 500p.

The shares currently are still way overvalued.

[careful] 19/2/2020 10:37

'fair value sub 100p'.

to think Vince Cable, Business secretary, was criticised for selling these off cheaply at 330p, valuing the company at £3.3bn

Only a couple of years ago RMG were valued at £6.30 per share or £6.3bn.

Now we have someone claiming that these are worth no more than sub 100p, or £1bn.

A clever short they would have been at 630p, but shorting now at the depressed prices would seem to too late, the horse has bolted.

[hermanngoring] 19/2/2020 10:25

This is a stonking short.

Dividend will be cut. Only a matter of when.

Business is in regression.

Fair value is sub 100p

A real basket case.