Royal Mail Share Discussion Threads

[tuftymatt] 10/8/2022 07:37

Yeah una and when they came out my view was they were going to resolve the situation without strike action. I think the markets thought that too with the tick up but not now!!

Clearly they are poles apart hence why we have dropped since. £2.50 is possible but I really hope not!!

[unastubbs] 10/8/2022 07:30

also this "in the Q1 trading update published on 20 July, Royal Mail announced it was losing a million pounds a day and the proposed pay deal adds more than half a million pounds a day to that figure. This can only be paid for with meaningful business change."

[unastubbs] 10/8/2022 07:17

I doubt it. From the RNS just now:
"If the announced strike action takes place, it is expected that Royal Mail in the UK would be materially loss making in FY2022-23."

"materially"

expect 2.50 to be tested...:(

[tuftymatt] 10/8/2022 07:16

I think it is careful based on the recent drop this week.

To think we were touching £3 again a few weeks ago and are now some 10% off that!!

[careful] 09/8/2022 21:25

Tonight we hear that strikes are to begin.
Is it in the price already?

[buywell3] 05/8/2022 10:02

This chart now looks like the Twin Towers

Note the similarities between Tower one and Tower two

Where do you think we are on the retrace -- bearing in mind Tower two was not as high as tower one

[tuftymatt] 31/7/2022 13:27

I tend to agree as if it hasn't happened yet why should it happen now?

Every year new people come into this industry and fall into the way of life. If you don't sort it out from the bottom up it will always be there.

My personal view is there is always a balance to be struck. You need the management to respect / reward the staff and at the same time the staff have to adapt to change which always happens in any industry. One trying to do the other over will always lead to conflict and no trust. Management need to table something that is costly in the short term but will see them win out further down the line. As mentioned above they won't though as it's easier to plod along and when the going gets tough move to another company in the same sector.

[encarter] 31/7/2022 12:06

Any culture change would have to come from the top, most of the rest are happy to plod along and take a wage and why not? Higher management doesn't have the stomach for a culture change as it would be very bloody. It is an issue that can't be resolved.

[lefrene] 28/7/2022 15:07

isis, I'm not refering to the 'grunts', but to the foreman level and above. On the whole the ordinary posties seemed to get on with the job, and do as instructed. It was those in a position where they thought they were in a position to build a career, who clogged up the works, often by playing 'politics'. A favourite was to deliberately send empty lorries to distant places where they knew they would not be required. This was just to score brownie points for their own depot. ie some remote computer had requested a vehicle to collect from a depot, but the people despatching it knew that the depot it was going to would have finished despatching their days mail, long before the needless lorry would get there.

In a real commercial operation the depot supplying the transport would ring the other depot to ask if they really did need a 'special', or was it an error? But no, the knowingly unwanted truck would be despatched, because there was a benefit in the mileage racked up to the despatching depot. In a normal commercial operation the person sending out the lorry without checking it was really needed, would just be fired for carelessness. But in the magic world of RMG, the depot gets rewarded, and the junior manager gets favourably looked upon for scoring brownie points for his depot. Never mind wasting perhaps 450 miles worth of diesel and wear and tear, and driver costs.

It goes on and on, simply because no managers ever go incognito into the depots, and simply drive the trucks. If they did they would find out a few other things, such as where most of their punctures come from, or how to load the trailers more efficiently. Seriously you would not want to take on an ex RMG Traffic Clerk to work in your own haulage business.

I had one client who asked me about such a person, I warned my client that the individual was a barrack room lawyer, and a bully, and would cost him dearly. My advice was ignored, and this individual cost my client £40k in six months, and this was circa 1998, so perhaps £120k in todays money.

RMG should be a great company, it could be a great company, but not without a culture change right through the management, particularly the lower levels. All imo of course.

[isis] 28/7/2022 14:30

Civil Service Mentality? Have you met a postman in the Pub before - like Neanderthal's on steroids! And that's before they've had a drink!
They're always talking shop and about striking...........goes with the job I spose.

Just Kidding - Cheque's in the Post. :)

[lefrene] 28/7/2022 13:50

As I have said before this company has a civil service mentality, there has never been a lead from the Board to address this mind set. Very likely the whole management structure needs to be made redundant as not fit for purpose, and replaced with a much smaller management structure that is focused on commercial realities. When I did casual work for them I identified a dozen ways in which money was being wasted. To be sure mostly minor things, but when you have an organisation running 40,000 vehicles, just saving 50p or £1 per day per vehicle, can make a heck of a difference.

[leadersoffice] 28/7/2022 13:30

Why the ridiculous name change ? Is it incase the company goes belly up and it brings disgrace to the Royal emblem and the Government's privatisation programme ?I'm a holder here but they need to get a grip here or where going down sub £1

[prokartace] 28/7/2022 10:37

Tks CWA1, my initial thought was that some broker had downgraded!

[rudder] 28/7/2022 10:25

I was looking for divi dates, not showing in the financial section-advfn. Pleasant surprise.

[cwa1] 28/7/2022 08:26

EX a 13.3p dividend today just in case anyone was fretting...

[petralva] 26/7/2022 14:48

If you strike you get nought,only the union rep gets strike money.

[tuftymatt] 22/7/2022 12:39

Yeah I agree isis.

This has pleased me no end this week in terms of short term share price. I really hope now some sort of agreement is struck soon with the workforce.

[isis] 22/7/2022 12:21

Nice to see a £100k Director buy in these troubled times. :)

[unastubbs] 22/7/2022 07:09

Tempus (The Times) AVOID - "More than one red flag flying here"

[isis] 21/7/2022 17:24

The one's I know rarely talk about anything else other than the Mail and the Union, Football get's thrown in quite a bit.
Get's very tedious.

[encarter] 21/7/2022 17:03

Anyone's holiday pay should be an average of their annual income. It's pretty standard across industry. It was a European court ruling many years ago and the CWU were late to that party.