Royal Mail Share Discussion Threads

[lennonsalive] 27/8/2022 00:35

Cheers m_kerr

[careful] 26/8/2022 22:33

The old commies are coming out of the woodwork now.

Apart from the well paid full time union bosses, who would be the last to want a redistribution of wealth, I doubt if there members will stay with them.

For too long these bankers have led workers to believe they are entitled to an ever increasing standard of living, never a backward step.
Even if the company they work for are making losses.

1970's all over again, it will end I job losses and hardship.
This winter will be like the 1970's.

Property prices will crash, businesses will go bust.

[coxsmn] 26/8/2022 18:16

Mick Lynch poses the biggest risk to business and jobs"Mick Lynch is preparing to preside over a year of co-ordinated strikes to try and force a redistribution of wealth, as the trade union boss joined the Royal Mail picket lines. The general secretary of the Rail, Maritime and Transport union (RMT) has urged the entire union movement to take action to "redress the balance in society".His speech came as more than 100,000 Royal Mail workers walked out after snubbing an offer of a 5.5pc pay increase if they accepted changes in their working practices."

[m_kerr] 26/8/2022 12:39

net financial debt is around £100m, but there's around £1128m of lease liabilities, some treat that as debt some don't. balance sheet has about £1100m of cash but a lot of that would be tied up in operations.

it has a strong balance sheet and would be able to spin off GLS debt free.

[lennonsalive] 26/8/2022 11:24

What's the debt of Royal Mail out of interest ADVFN (which can be wrong) lists £3 billion.

[lefrene] 26/8/2022 10:47

Quite so isis, and claim 'green' as the excuse to do it. Hive off GLS and let RMG go bust, and then it can be resurrected as an efficient new business. First Class mail can go in vans, there isn't much of it, the rest could wait until a truck is full, or in remote places it goes once a week whether full or not. I know from experience that RMG run huge mileages of completely empty trucks to keep to a timetable. No one actually in the haulage business for real would run a logistics business like RMG. It's more akin to a train set run by civil servants. I have every sympathy for the posties at the sharp end, it's not their fault the thing is so inefficient.

[isis] 26/8/2022 09:45

A better option would be to lay off half the staff and reduce service to 3 days a Week.

[isis] 26/8/2022 09:40

Inflation ia about 100% and everyone should get a 100% rise. Yeah right! lol

[lennonsalive] 26/8/2022 09:18

Hardly any of our parcels come from them anymore, it's the man who brings Hermes etc or the Amazon guy who comes now. Just eBay stuff from Royal Mail and junk mail But in this current climate with cost of living the workers have to do what's right for them, but I seem to remember the unions never want the business to reform

[encarter] 26/8/2022 09:10

Will management cave in as usually or will they finally take a stand? Either way some short term pain so I can't see the divi lasting.

[m_kerr] 25/8/2022 23:34

the threat to spin off GLS is what should cause the union the greatest concern. that business is also generating cash to prevent the PLC from needing to cave in to union demands.

and then spinning GLS off even at say 10 x earnings delivers a windfall of around £4bn, compared to the current market cap of £2.5bn, which means that even if royal mail then goes to zero, shareholders are up.

[geckotheglorious] 25/8/2022 23:24

Isis,

Agreed. The public sector thinks they can carry on as normal. A big shock is awaiting them. And we ARE ALL going to get alot poorer because of decades of profligacy.
The Public Sector in its current form is simply unsustainable

[isis] 25/8/2022 23:07

Well said - they're just not getting it. They still think they are an NHS or Council Worker when they are not.
They are in a competitive Business but the Letters are non-profit have to by Law Business - something has to give.

[m_kerr] 25/8/2022 23:04

this is not the NHS, or a monopoly water company throwing off cash. it's a currently loss making business that increasingly competes with other parcel companies that pay workers much less than royal mail do. and delivering letters is in terminal decline.

[isis] 25/8/2022 21:37

I think the point is RMG and others are not changing with the times. This is a private Company now and not owned by the Unions or Staff.
They need to get up with the Times and negotiate like other business. People are not sending Letters hardly now - It has fallen off a Cliff they need to change.

[encarter] 25/8/2022 21:28

Here here. Instead of dragging posties down to the level of the likes of Amazon we should all support the CWU and get all workers a fair deal. Why is it normal these days to make ordinary peoples lives worst instead of striving to make them better? Employee welfare should be top of the agenda.

[qpr4ever] 25/8/2022 17:35

We have not been offered a 5.5 pay rise. These were linked with unworkable conditions. The strike is about our terms and conditions that they want to attack. The company have not invest enough in the business and our running this into the ground.

[tuftymatt] 25/8/2022 16:11

For £3.15 and I get the upcoming divi payment they can take mine off my hands today if they like 😂

[lefrene] 25/8/2022 15:52

Perhaps because under current circumstances they think they can get control of it. Efficiently run there's no doubt RMG could be a very good business. It's the government dictats that add so much to the costs, plus the civil service style culture that RMG has from it's State owned days. It's both a huge network and a trusted brand, it simply lacks common sense commercial nous, and the freedom to apply that nous.

[careful] 25/8/2022 15:47

Maybe a bidder is waiting in the wings, a more credible one.
A hostile bid would rely on VESA stake to get it over the line.

Opportunistic
Todays market cap of £2.67bn is stupidly low.
With net assets of £4.7bn even a nationalisation would offer more than that.

[encarter] 25/8/2022 15:45

Zero chance of taking control so they must see money in it.

[careful] 25/8/2022 15:43

Why would a foreign outfit like VESA take a large stake?
Seems odd.

[encarter] 25/8/2022 15:12

They must be crazy.