Rumours or not

[steve2zaf]

I would piss my pants if they don’t pay up . How would the yes voters take it I wonder. As a no voter I honestly wouldn’t give a monkeys if we got it or not . I would love to see the explosive atmosphere if they renege on the payments.

[RTP]

What I don't understand is that Royal Mail BOUGHT the likes of GLS etc and now its a case of "stand on your own two feet, they are all seperate now".

Union even told us that others countries postal networks do this to fund the USO.

Postal Politics.

[Woody Guthrie]

Keith Williams has stated to shareholders only a few months ago that the company has retained earnings of £3.8 billion

Could you provide a link because that would be more than the entire listed value of the company...

[Geordiepapa]

I've said this before, but I believe small (retail) shareholders will effectively be wiped out following an eventual share re-issue that will water down and dilute existing small share holders, but give large share holders the opportunity to increase their holding at bargain basement prices.
An equity raise / debt for equity swap whatever you want to call it, at some point I feel is on the cards here.
And to be honest, if it saves the business and our jobs, I'm all up for it.

As a long serving postie who didn't run and cash in their shares at the first opportunity, and who still has the shares, then I would care about the scenario you have just described!

[rubberbond]

There is not a chance in hell 1400 is coming our way end of September. How any board interested in the future would give away what they have will absolutely not part ways with cash to us, the least important members of this revolting company.

What are you basing this on, considering we have a binding contract that clearly states this will be happening? You can’t just pull statements out of your arse without justifying them.

Let’s review this statement in September,to see if the pessimism of the OP was correct , or whether Royal Mail will be as disingenuous as they always are.

[markyRFC]

What are you basing this on, considering we have a binding contract that clearly states this will be happening? You can’t just pull statements out of your arse without justifying them.

the lump sums being delayed, 4.1.3 and the new sickness procedures 6.4

what are you basing your trust with RM on ?

[Mr Rush]

I've said this before, but I believe small (retail) shareholders will effectively be wiped out following an eventual share re-issue that will water down and dilute existing small share holders, but give large share holders the opportunity to increase their holding at bargain basement prices.
An equity raise / debt for equity swap whatever you want to call it, at some point I feel is on the cards here.
And to be honest, if it saves the business and our jobs, I'm all up for it.

As a long serving postie who didn't run and cash in their shares at the first opportunity, and who still has the shares, then I would care about the scenario you have just described!

Tell Sid they're going to reapportion the pie.

[postslippete]

Keith Williams has stated to shareholders only a few months ago that the company has retained earnings of £3.8 billion

Could you provide a link because that would be more than the entire listed value of the company...

It was mentioned by Keith Williams in the shareholder meeting at the Bank of America's HQ.

https://www.wsws.org/en/articles/2023/0 ... f-m26.html



And if you are interested, there is an absolute wealth of financial information that you can find here for the year 2021-22

https://www.research-tree.com/newsfeed/ ... 22-1412717

[Ali831]

More overtime than you can shake a stick at, at my DO.

Loads of agency staff, untrained, not scanning, door stepping parcels etc.

Absolute shambles!!!

We must be in the same office!

[Woody Guthrie]

Keith Williams has stated to shareholders only a few months ago that the company has retained earnings of £3.8 billion

Could you provide a link because that would be more than the entire listed value of the company...

It was mentioned by Keith Williams in the shareholder meeting at the Bank of America's HQ.

https://www.wsws.org/en/articles/2023/0 ... f-m26.html

No pete a proper link where Keith Williams mentions the £3.8 billion.
Not some unsubstantiated nonsense by those anti-union idiots at the WSWS.
If he said it.
It must have be out there somewhere.
If he did say it.

There's certainly nothing in the accounts to suggest it's true and you would think it would be.

[Acca Dacca]

Woody is right, there is nothing out there to be found with Williams saying that except for that one source.

[postslippete]

I actually tend to use Yahoo finance for a lot of research on stocks!! But here's a better link.


https://uk.advfn.com/stock-market/londo ... financials


Look at the total equity for Royal Mail 2023. Its at £3.8 billion.


Owners equity is quite simply the assets minus the liabilities of the company and it simply represents the business owners share of the company.

In corporations they tend to call it "retained earnings". It's basically income or profit that is not paid out as dividends i.e. money that is retained or kept in the company's accounts.


Whilst the wsws is anti-union, there is a lot of truth in that article, to which you will find in the other link that I posted....

[renrag40]

From the most recent accounts dated 26/3/23
Page 39
Retained earnings £5,248,000,000...... 2022
Retained earnings £3,761,000,000...... 2023
Page 42
Cash & cash equivalents £1,137,000,000....2022
Cash & cash equivalents £809,000,000 .....2023
Page 50
People numbers in 2022 155,011
People numbers in 2023 143,553.
Full time equivalents.

[LouBarlow]

What are you basing this on, considering we have a binding contract that clearly states this will be happening? You can’t just pull statements out of your arse without justifying them.

the lump sums being delayed, 4.1.3 and the new sickness procedures 6.4

what are you basing your trust with RM on ?

The language used for the lump sum section was flimsy and open to interpretation. As I’ve said, I will save my anger for that one if the payment doesn’t turn up in September (or hopefully before).

I’m not sure what people were expecting with the sickness procedures. They stated that they would be upping the time period to a year, so of course people were going to have current stages extended by 6 months. It sucks, but so does pretty much all of that section and the new T&Cs.

[markyRFC]

It sucks, but so does pretty much all of that section and the new T&Cs.

the whole deal sucks, every single last part of it

still havnt answered me bro, where are you getting your trust from with RM?

they ripped up the 4 pillars, ripped up the pathway to change, what makes you think they have changed and this be so different?