priority shares

[NWpostie]

In addition to my post I see my keeping the shares including the extra I brought as keeping them out of the hands of the city brokers and equity liquidators.


We are all share holders in this company as somebody is saying before we making the best of a bad lot, so it is incumbent on us to keep the shares for as long as we can in order to secure our own future this includes block voting at shareholder meetings, while we may not be able to overturn some resolutions at the AGM at 10% we can make things a bit uncomfortable if we choose to.

[TrueBlueTerrier]

The better RM does the better we 'might' do.

That's all very well, but when jobs are slashed, hourly wage brought in line with competitors, benefits abandoned, and our pensions modified, suddenly making a few hundred quid from shares, doesn't seem like that good a deal.

Or are you suggesting we should put up with those minor inconveniences, just so our stock improves?

So do you have a crystal ball? You speak as if those negative things are already happening... They might or they might not.

They are Royal Mail are being very upfront about it.

In written evidence submitted to a committee of MPs for its inquiry into privatisation plans, Royal Mail has conceded that "the company will employ fewer people in future, whoever owns it".

The company added that it "remains committed" to achieving this without compulsory redundancies.

http://www.itv.com/news/update/2013-10- ... in-future/" onclick="window.open(this.href);return false;?

[Darren Bent]

Royal Mail will cut white collars workers and managers but for post delivery workers they probably be a small cut as we need postal workers. For people who are already in with 34+ hours contract will probably be ok for short and medium term. But newcomers might suffers with poorer contract .

It is hard to know what will happens in few years time.

[cloherty1976]

Would I be right in saying we should get 660 free shares?

[RobertT]

Would I be right in saying we should get 660 free shares?

The government still haven't announced the opening price, as far as I know they will do that on Friday 11th October.
660 shares would equate to a opening price of £3.03 per share but reports I've read suggest the price will be £3.30 which would mean 605 shares.

[BernardBresslaw]

The better RM does the better we 'might' do.

That's all very well, but when jobs are slashed, hourly wage brought in line with competitors, benefits abandoned, and our pensions modified, suddenly making a few hundred quid from shares, doesn't seem like that good a deal.

Or are you suggesting we should put up with those minor inconveniences, just so our stock improves?

So do you have a crystal ball? You speak as if those negative things are already happening... They might or they might not.

They are Royal Mail are being very upfront about it.

In written evidence submitted to a committee of MPs for its inquiry into privatisation plans, Royal Mail has conceded that "the company will employ fewer people in future, whoever owns it".

The company added that it "remains committed" to achieving this without compulsory redundancies.

http://www.itv.com/news/update/2013-10- ... in-future/" onclick="window.open(this.href);return false;?

They are becoming even more brazen

http://www.theguardian.com/uk-news/2013 ... job-losses" onclick="window.open(this.href);return false;

It will all be ok though, as long as we have our shares...

[fishtank]

Would I be right in saying we should get 660 free shares?

The government still haven't announced the opening price, as far as I know they will do that on Friday 11th October.
660 shares would equate to a opening price of £3.03 per share but reports I've read suggest the price will be £3.30 which would mean 605 shares.

Surely the value of the shares only relates to the value of the company.
From what I've heard the allocation will be 1 billion shares,assuming employees were allocated 10% this mean approx 100,000 divided by 150,000 employees or around 660 shares per employee.
The value of that shareholding will then depend on the opening price.

If your scenario is right the value of the employee shareholding would be fixed and this would not equate to 10% of the company.

[chrisj]

The better RM does the better we 'might' do.

So do you have a crystal ball? You speak as if those negative things are already happening... They might or they might not.

They are Royal Mail are being very upfront about it.

In written evidence submitted to a committee of MPs for its inquiry into privatisation plans, Royal Mail has conceded that "the company will employ fewer people in future, whoever owns it".

The company added that it "remains committed" to achieving this without compulsory redundancies.

http://www.itv.com/news/update/2013-10- ... in-future/" onclick="window.open(this.href);return false;?

What exactly have we or the Union done about the jobs that has been lost so far? Nada! So it is not just about privatisation, letters are on the decline and there is more competition - that is a fact!

Moreover, some of us will lose our jobs with RM but so others (including our folks) will be employed by other couriers and competitors.

With better and sophisticated machinery and even more modernisation, inevitably, there will be job losses. It is just the evolution of things - no industry can stay the same forever; continue to employ 2 people to do 1 job etc. The government wanted us to make more profit compared to our Revenue and they have put things in place to start that process but a Private company will take it further - so what!

We can remain stagnant and allow the competition to actually take over and then we shall see that there will just be few jobs going.

Job losses would have been inevitable but that is not about 'Terms and Conditions' - and you should know better.

The alternative is for us to cripple our employer and then we get 'shutdowns' where we are ask to take involuntary leave because the employer has very little money to pay us.

The fact of the matter is the company need to shed some dead wood - people need to get with the programme or find another job that will satisfy them. We have 3 years to play with and then we can fight on real issues not rumours or suppositions.

BTW, a lot of the PT staff already know what it feels like to have inferior T&C so it is not that far for some of us to fall...

Irony: Our Pension funds and others in the UK will now be invested in RM - more reasons to make it a success; nothing about being a slave to profit but not a disruptive influence.

[RobertT]

Would I be right in saying we should get 660 free shares?

The government still haven't announced the opening price, as far as I know they will do that on Friday 11th October.
660 shares would equate to a opening price of £3.03 per share but reports I've read suggest the price will be £3.30 which would mean 605 shares.

Surely the value of the shares only relates to the value of the company.
From what I've heard the allocation will be 1 billion shares,assuming employees were allocated 10% this mean approx 100,000 divided by 150,000 employees or around 660 shares per employee.
The value of that shareholding will then depend on the opening price.

If your scenario is right the value of the employee shareholding would be fixed and this would not equate to 10% of the company.

You could be right there fishtank. I went on our allocation being worth £2,000 each, so the price of each share will decide how many we actually get. I suppose we’ll find out soon enough.

[BernardBresslaw]

The better RM does the better we 'might' do.

So do you have a crystal ball? You speak as if those negative things are already happening... They might or they might not.

They are Royal Mail are being very upfront about it.

In written evidence submitted to a committee of MPs for its inquiry into privatisation plans, Royal Mail has conceded that "the company will employ fewer people in future, whoever owns it".

The company added that it "remains committed" to achieving this without compulsory redundancies.

http://www.itv.com/news/update/2013-10- ... in-future/" onclick="window.open(this.href);return false;?

The fact of the matter is the company need to shed some dead wood - people need to get with the programme or find another job that will satisfy them. We have 3 years to play with and then we can fight on real issues not rumours or suppositions.

Were you one of the 300-odd who refused the free shares, out of interest? I'm sure it was you who said they wouldn't be with Royal Mail in 3 years time, so wouldn't want them anyway. Apologies if I'm mistaking you for someone else...

[chrisj]

1000,000,000*£3.30 = 3,300,000,000 ($3.3 billion)
Employee Value in Co = 3,300,000,000/10 = 330,000,000

Employee number (estimate) = 150000*

Employee Share value = 330,000,000/150,000 = £2,200

The real share value after trading will go up and down.

So the figure of £2000 is about right if the range is within £2.60-£3.30

[chrisj]

The better RM does the better we 'might' do.
ll satisfy them. We have 3 years to play with and then we can fight on real issues not rumours or suppositions.

Were you one of the 300-odd who refused the free shares, out of interest? I'm sure it was you who said they wouldn't be with Royal Mail in 3 years time, so wouldn't want them anyway. Apologies if I'm mistaking you for someone else...

I do not foresee myself being with RM in 3 year time unless they allow me to take a year's special leave or year-out...

I did not opt, I never will - why bother! The other thing is that I am looking forward to about at least £60 dividend next April - so why opt out at this stage.

I am a realist and see things what what they were. My opinion is also formed by previous employment and lack of. Only a few years ago, I was with Angard so you can just imagine that I do not fall under the category of those that have been with RM for so long that they do not see themselves as mere employee - which is what we all are.

http://www.theguardian.com/uk-news/2013 ... job-losses" onclick="window.open(this.href);return false;

According to the article - 50,000 jobs have gone in a decade and there will have been job losses regardless of who owns RM - that is the real world. Even packet growth will tail off with time and the competition will get better and stronger unless RM keeps them down and they are helped by regulators and employees.

Posties and other ordinary folks making some money from shares is far better than yuppies and big financial institutions... IMO. The more we buy, the more pissed off they would get because they have to buy it from us at a higher price - thatis, if the share price go up and we do not put spanners in the works.

[TrueBlueTerrier]

What exactly have we or the Union done about the jobs that has been lost so far? Nada!

They have tied Royal Mail into an agreement of no Compulsory Redundancies for CWU represented grades for the life of the 2010 agreement. Hopefully it willl also be in the 3/5/10 year legally binding agreement as well.

How much that counts for anything we will found out.

[cloherty1976]

What exactly have we or the Union done about the jobs that has been lost so far? Nada!

They have tied Royal Mail into an agreement of no Compulsory Redundancies for CWU represented grades for the life of the 2010 agreement. Hopefully it willl also be in the 3/5/10 year legally binding agreement as well.

How much that counts for anything we will found out.

If they do call strikes and the deal ends up at 3 years legally binding agreement what has this all been for?

[fishtank]

If they do call strikes and the deal ends up at 3 years legally binding agreement what has this all been for?

What has what all been for?
Nobody has been asked to do anything other than put an X in a box so far.
Challenging stuff,I'm not sure how people cope.