Royal Mail share offer
22 September 2013, 11:02 AM
#31
Leaving all the usual accepted SN bollocks of 'private companies are always wonderful, state run outfits are always terrible/the unions are the spawn of the devil' behind the sole reason the RM provatisation will be a good investment is exactly as Ding posted earlier.... Internet shopping is only going to continue to expand and grab more and more of the market as the high street is going into terminal decline partly through shortsightedness and the councils being too stupid to work out that if you charrge astronomic business rates and stupidly high charges to park people will find another way... the net!
Last edited by BLU; 22 September 2013 at 11:05 AM.
22 September 2013, 11:23 AM
#32
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I doubt it. I think you'll find that its the posties and lower managment who pass on their thoughts as to what will and won't work up to higher management who then take all the glory. Thats how businesses of all shapes and sizes work. Anyone who thinks otherwise is as naive as f*ck
22 September 2013, 12:53 PM
#34
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Terms and Conditions for Our People in Private Ownership The current position is that all terms and conditions that apply to Royal Mail employees would remain in place, on the same basis, were the company to be sold. To provide further reassurance, we will create a legally-binding and enforceable contract with the CWU. Pay and protections could not be changed for the period of the contract without CWU agreement. The Company will continue to have a predominantly full-time workforce on an overall national basis, as per our current agreements with the CWU. Our existing enhanced voluntary redundancy terms and excess travel terms have been extended for the life of the modernisation revisions. Our commitment to managing change without recourse to compulsory redundancy will remain in place. - See more at: http://www.royalmailgroup.com/royal-....TQ8tKf0W.dpuf
22 September 2013, 04:18 PM
#36
Terms and Conditions for Our People in Private Ownership The current position is that all terms and conditions that apply to Royal Mail employees would remain in place, on the same basis, were the company to be sold. To provide further reassurance, we will create a legally-binding and enforceable contract with the CWU. Pay and protections could not be changed for the period of the contract without CWU agreement. The Company will continue to have a predominantly full-time workforce on an overall national basis, as per our current agreements with the CWU. Our existing enhanced voluntary redundancy terms and excess travel terms have been extended for the life of the modernisation revisions. Our commitment to managing change without recourse to compulsory redundancy will remain in place. - See more at: http://www.royalmailgroup.com/royal-....TQ8tKf0W.dpuf
The government could make so much more money by looking after RM and keeping it in public hands.......
Because its a public owned business that should stay public imho......
23 September 2013, 01:40 PM
#38
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Irish currency not accepted.
If it does become successful then it can be renationalised like Railtrack
If it does become successful then it can be renationalised like Railtrack
Last edited by speedking; 23 September 2013 at 01:41 PM.
23 September 2013, 03:46 PM
#40
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As I said before its only a good thing for the short term, ^^^ thats a 3 year deal ^^^. After 3 years then look forward to posties being on part time contracts or zero/one hour contracts. The days of having a regular postman will then be gone. I also think the universal service will be under threat once privatised and the new owner realises how much the town/company deliveries subsidise the rural deliveries, then you can say goodbye to the one price fits all service we get now.
The government could make so much more money by looking after RM and keeping it in public hands.......
Because its a public owned business that should stay public imho......
The government could make so much more money by looking after RM and keeping it in public hands.......
Because its a public owned business that should stay public imho......
23 September 2013, 06:15 PM
#43
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23 September 2013, 08:37 PM
#45
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I think people working at the company will have a better idea than a pseudo scoobynet investor, I deal with royal mail everyday and they are massively disorganised and waste is immense, there costs could be cut by a massive percentage I would hazard a guess they could easily make double digit cost saving but they are going to have to fight against the workers to do this. You have to realise that there are people working at RM who will deliberately sabotage when it is privatised...
23 September 2013, 08:42 PM
#46
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I think people working at the company will have a better idea than a pseudo scoobynet investor, I deal with royal mail everyday and they are massively disorganised and waste is immense, there costs could be cut by a massive percentage I would hazard a guess they could easily make double digit cost saving but they are going to have to fight against the workers to do this. You have to realise that there are people working at RM who will deliberately sabotage when it is privatised...
Thanks, I'm going to double the number of shares I was proposing to buy
23 September 2013, 09:14 PM
#47
I think people working at the company will have a better idea than a pseudo scoobynet investor, I deal with royal mail everyday and they are massively disorganised and waste is immense, there costs could be cut by a massive percentage I would hazard a guess they could easily make double digit cost saving but they are going to have to fight against the workers to do this. You have to realise that there are people working at RM who will deliberately sabotage when it is privatised...
Just wondering as you seem to think there are massive savings to be had, despite the company going through an ongoing and fairly major modernisation programme.......
24 September 2013, 12:14 AM
#49
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I am a business customer and deal with people at a main super hub, delivery office and general enquires at customer service, one thing I know they love to throw money away on is vehicles, they are always using hire vans yet have stacks of other vans in the yard not being used because they are the wrong size or broken, out postmen turned up in good own fiat pinto car today!
The parts that have been modernised that I know of have been done poorly and are not working correctly, talk to the foot soldiers at any company and you will find out what is going on, I would estimate it will take 10 to 20 years to make any decent changes the staff will not fall in to line!
The parts that have been modernised that I know of have been done poorly and are not working correctly, talk to the foot soldiers at any company and you will find out what is going on, I would estimate it will take 10 to 20 years to make any decent changes the staff will not fall in to line!
26 September 2013, 02:01 PM
#50
Lower management and the posties have turned the company around despite most of the technology being outdated and unreliable! Perhaps if they stopped focusing on privatisation and started re-investing the profit made (by the staff) RM could continue to run as it is without being a burden on the taxpayer, simples!!
I personally think that with their footprint, their fantastic brand name, their legal position in the UK, their entry into so many companies throughout the world, that if they do it right (and the current Board seem like they know what they're doing) then there is no reason that once released from government ownership and into private, that they will totally flourish. Its a credit to the whole company that they have turned around from loss-making to profit in the recent time.
Worthwhile buying some? Yeah, I think so.
27 September 2013, 01:19 PM
#52
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Seems like they could be worth a punt, certainly in the short term anyway:
Postal economist David Stubbs told the BBC that the pricing of the shares was "low".
"Under some scenarios, this looks cheap. If the Royal Mail is able to keep its market share and to keep its industrial relations issues under control, then this pricing is low.
"It looks like the price reflects the government's desire for a quick sale."
Mr Stubbs added, however, that if there were continuing problems with its labour relations, and if competitors began to gain an advantage, the value would be less than the range given by the government on Friday.
Postal economist David Stubbs told the BBC that the pricing of the shares was "low".
"Under some scenarios, this looks cheap. If the Royal Mail is able to keep its market share and to keep its industrial relations issues under control, then this pricing is low.
"It looks like the price reflects the government's desire for a quick sale."
Mr Stubbs added, however, that if there were continuing problems with its labour relations, and if competitors began to gain an advantage, the value would be less than the range given by the government on Friday.
27 September 2013, 05:45 PM
#53
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current profits are not realistic, certain tweaks were made over the past 12 months at royal mail to make a massive increase in profits but these small changes they made can not be done again, everything has been done to make the profits look good for this share offer, I could see what they were doing a mile off about 18 months ago. in the long term the value will probably go up but you only have to look at other delivery companies and may are having hard times even through they are busy.
07 October 2013, 08:09 PM
#57
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12 October 2013, 06:20 PM
#59
With the only option for us mere mortals to buy into Royal Mail at £750 it was obvious it would be the mates of the government that would be coining it in.
I used to laugh at the New Statesman program years ago and thought it was so far fetched but over the last few years with what has been made public I just think it seems more like a documentary instead of a comedy program
http://www.dailymail.co.uk/news/arti...il-shares.html
I used to laugh at the New Statesman program years ago and thought it was so far fetched but over the last few years with what has been made public I just think it seems more like a documentary instead of a comedy program
http://www.dailymail.co.uk/news/arti...il-shares.html
15 October 2013, 11:57 AM
#60
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A great deal for the institutions, now trading at 480 p, bought at 330 p IIRC? Plus one billion in London property to flog off and the taxpayer is lumbered with pensions liabilities.