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Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 13:42

Hi everyone,

My name is Michael Pooler - I am a reporter at the Financial Times and have been covering Royal Mail for several years, particularly around the industrial dispute and pensions agreement.

Following the sharp fall in the company's share price today, I am trying to speak with employees who have held onto some or all of their shares with the intent of selling them tax-free later this month. From what I hear it sounds like a lot of people may have missed out on potential gains by not selling earlier.

If anyone would like to talk with me, let me know and I can give you a call this afternoon.

Thanks,

Michael

Journalist request to speak with employee shareholders

02 Oct 2018, 13:46

I think the ones who were desperate to sell sold them after 3 years so I think most will hold onto there shares now.

Seeing as most would have lost near to a £1000 with the share price drop of the available shares they would have been able to sell.

Journalist request to speak with employee shareholders

02 Oct 2018, 13:54

'obviously' it's a case of our peeps holding on until the price goes up ect.
Such a corrupt company, when the share price is needed to be higher the powers that be will make sure that happens. :Sick

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 14:00

It was obvious that they were going to pull some stunt like this to screw over the people who keep them in profits.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 14:13

rm should be done with manipulating the share price

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 14:29

With the level of bullying and harrassment, impossible workloads and undelivered mail it isn't surprising that RM have made this statement at the time they have.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 14:38

Thanks for your replies.

Is there anyone who feels they have lost out and would be happy to speak with me by phone?

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 15:10

I would, although I'm not sure how much information I could provide other than being pissed off at what they've done. I'm not well versed in business or the stock market but I'd be willing to give my bitter 2 cents?

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 15:31

dtyssmshdchrb wrote:I would, although I'm not sure how much information I could provide other than being pissed off at what they've done. I'm not well versed in business or the stock market but I'd be willing to give my bitter 2 cents?


Yes please - I'm just keen to get an idea of how people are feeling.

Do you want to send me your number in a direct message?

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 15:36

I personally wouldnt mind speaking to you also

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 15:40

The recent brochure sent out by RM about the sale of shares warns about the consequence of selling so many shares could be detrimental to the company bringing down the share price sending jitters through the stock exchange. Yet it was they RM whom yesterday released the statement which wiped the value from the share price. If I had chosen to sell at this time putting my shares in the trust of Equiniti, the brokers and Royal Mail? I would be extremely angry.

Hardly anyone I work with expresses surprise at this turn of events and most had forecast that the share price would fall once the five year anniversary had been reached.

Shares rise and fall on snippets of news and reports from companies. No doubt that when RM reports another record Xmas in a few months time the share price will have recovered back to where it was on Monday.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 15:44

Hello Michael, can't speek on phone, but are you aware that real time selling of shares is being suspended on the 15th October for Royal Mail employees only, with no set date for reintroduction, could be weeks or months or never, this is a scandal as it gives employees no control whatsoever of the price that they can sell their shares at, if the price jumps back up we are blocked from selling them in real time until Equiniti decides when to switch it back on.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 17:32

Not really much to say here but people in my office find it strange that the share price has been high for the past year, and then all of a sudden when it comes time to sell shares royal mail releases this forecast. Which most postmen/women see as being done deliberately to do workers out of money. They also put a letter out telling staff that
Equiniti will decide when to sell there shares which is an absolute disgrace.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 17:56

gand wrote:Not really much to say here but people in my office find it strange that the share price has been high for the past year, and then all of a sudden when it comes time to sell shares royal mail releases this forecast. Which most postmen/women see as being done deliberately to do workers out of money. They also put a letter out telling staff that
Equiniti will decide when to sell there shares which is an absolute disgrace.


Very reminiscent of the great ''colleague shares'' con... when profits mysteriously plummeted in the year we were due to receive a payout for them... only for profits to fully recover again the following financial year.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 18:23

Wasn't it due to RM spunkinng all the profits up the wall on a fleet of Noddy cars and golf trolleys?

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 18:29

Sir Henry wrote:Wasn't it due to RM spunkinng all the profits up the wall on a fleet of Noddy cars and golf trolleys?

I have a feeling the GDPR regulations had more of an effect on marketing mail than RM expected. Maybe if we can drop out of the EU completely in March, as the EU never had any intention of signing an agreement, we can ditch all their **** regulations and the DSA system. We could then lower prices and attract more business.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 18:56

hans solo wrote:rm should be done with manipulating the share price

I totally agree, CWU solicitors should be looking into this, it is totally transparent why RM have brought out this statement now, absolutely disgusting. Royal Mail should be ashamed how it is treating its work force.

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 19:17

I suppose it will depend on how much share dividends are . Also Joe public has shares in the business not just postie's

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 19:17

I suppose it will depend on how much share dividends are . Also Joe public has shares in the business not just postie's

Financial Times Journalist request to speak with employee shareholders

02 Oct 2018, 19:27

Bernardson wrote:The recent brochure sent out by RM about the sale of shares warns about the consequence of selling so many shares could be detrimental to the company bringing down the share price sending jitters through the stock exchange. Yet it was they RM whom yesterday released the statement which wiped the value from the share price. If I had chosen to sell at this time putting my shares in the trust of Equiniti, the brokers and Royal Mail? I would be extremely angry.

Hardly anyone I work with expresses surprise at this turn of events and most had forecast that the share price would fall once the five year anniversary had been reached.

Shares rise and fall on snippets of news and reports from companies. No doubt that when RM reports another record Xmas in a few months time the share price will have recovered back to where it was on Monday.

Wouldn't be so sure on that. A record Christmas isn't gonna turn around that loss in profit they're forecasting. It's a 25% drop yr on yr plus £130m they thought they were gonna save that they admit they can't. This is BIG. Couple this with general market malaise regards brexit and I reckon it's gonna be a long while before we see £4.50 again. The dividend as we stand must be under threat too as its only covered 1x by earnings l believe and a 6.5% yield for FTSE 100 is rather high which means unsustainable, either the div has to drop or the sp has to rise and ATM I see no catalyst for that to happen. Us posties know, what more can we do? We're already working our buts off. There's another thing too ,come November we'll surely be kicked down a division into the FTSE 250. Not looking too rosy if you ask me. I've always said that there would come an infliction point where the amount of packets ( which we know takes much more man hrs to process and deliver) would go above a level that we could profitably cope. It's clear that GLS is propping royal mail up. How long before we try and offload the letters part to some (mug) who would want it, and just have an extended parcel force if you like. If they would do away with the USO we could stand a chance with letters being delivered every other day and parcels every day but that would mean job losses. Personally I would take VR but not everyone is in that position, and it would never get past union without strike and further damage to the company. That's my stance anyway . Up the creak with maybe half a paddle, and clinging onto it too.

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