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So 'IF' we're as skint as we're being told...

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POSTMAN
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So 'IF' we're as skint as we're being told...

Post by POSTMAN »

... how are they going to afford the shares buy back thing this year,where's the money going to come from?
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
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The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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Tank
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Re: So 'IF' we're as skint as we're being told...

Post by Tank »

Because they are being revalued down to 5p per postie! Happy Easter. :left: :dcfo :ncfo :vcfo
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beeswax
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Re: So 'IF' we're as skint as we're being told...

Post by beeswax »

are they not based upon the value of RM or at least linked to profit?
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clashcityrocker
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Re: So 'IF' we're as skint as we're being told...

Post by clashcityrocker »

POSTMAN wrote:... how are they going to afford the shares buy back thing this year,where's the money going to come from?
They're going to abolish the London Whatnot Allowance and dig up a couple of streets on your patch. :nana :nana
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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Jevster
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Re: So 'IF' we're as skint as we're being told...

Post by Jevster »

This is probably one of the reasons we are being run into the ground, by the end of it we will owe them money.
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calpsy
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Re: So 'IF' we're as skint as we're being told...

Post by calpsy »

YEs if we want to get rid of the shares then RM have agreed to charge US for the privelege . :left:
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Judgee
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Re: So 'IF' we're as skint as we're being told...

Post by Judgee »

Tank wrote:Because they are being revalued down to 5p per postie! Happy Easter. :left: :dcfo :ncfo :vcfo


Many a true word is spoken in jest! :roll:
Union what Union? Do we have a union?
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Spedley
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Re: So 'IF' we're as skint as we're being told...

Post by Spedley »

They were probably hoping we'd forgotten about them by now.
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Indy
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Re: So 'IF' we're as skint as we're being told...

Post by Indy »

POSTMAN wrote:... how are they going to afford the shares buy back thing this year,where's the money going to come from?
I can't understand why its taking them so long to 're-value' or come to think of it why RM are so cagey as to the formula they work to when re-valueing.
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fishtank
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Re: So 'IF' we're as skint as we're being told...

Post by fishtank »

It may involve the pension deficit repayments.
How do you value a company that "allegedly" can't honour it's obligations?
I think that makes it technically insolvent...and worth feck all. :neutral:
good times, bad times you know I've had my share
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Indy
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Re: So 'IF' we're as skint as we're being told...

Post by Indy »

fishtank wrote:It may involve the pension deficit repayments.
How do you value a company that "allegedly" can't honour it's obligations?
I think that makes it technically insolvent...and worth feck all. :neutral:
Technically you MIGHT be right but in reality the Taxpayer would (and has) come to the rescue as a Govt. owned asset.
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beeswax
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Re: So 'IF' we're as skint as we're being told...

Post by beeswax »

was the buy back 50% 2011and 50% 2012 part of the BT2010 deal of the century?

if they were valued at a very low price are we bound to selling them back or can we hold on till a later date?

:pray :Sick :wave
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youwot!!!!!
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Re: So 'IF' we're as skint as we're being told...

Post by youwot!!!!! »

use them to wipe your arse because thats all they are worth.
who the hell invests £2 billion into a servic and makes it worse?????????????
you really couldn't make it up!!!!!!!!!!!
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clashcityrocker
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Re: So 'IF' we're as skint as we're being told...

Post by clashcityrocker »

beeswax wrote: can we hold on till a later date?
When they'll be worth even less......
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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fishtank
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Re: So 'IF' we're as skint as we're being told...

Post by fishtank »

If they are based on the value of the whole Royal Mail Group and the Post Office is separated from RMG wouldn't that have an effect on the value?
good times, bad times you know I've had my share
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