Royal Mail Privasited : Profits Up

[arista]

http://www.dailymail.co.uk/news/article-1153366/Royal-Mail-pensions-halved-business-privatised-warns-executive.html


On SkyNews a New Labour MP
against Madeleson said - he was not even elected.

I hope the Unions do not Strike
that is nasty on the public that need their important mail.

[Tom]

It probably won't affect delivery speeds anyway

[Dom:D]

Originally posted by Tom
It probably won't affect delivery speeds anyway

[arista]

Originally posted by Tom
It probably won't affect delivery speeds anyway


No Joke
when they do a Strike fast
some mail gets dumped
that is criminal.

[arista]

On Radio 5 Live , just now
A New Labour MP said it is not just about the money
he said that inside the sorting area's can now be done better by automated machines,
of course that saves millions on staff costs.

So it looks like Strikes will happen
what a time to have them
typical of New Labour.


Amazon UK sets up other deals
to get their post out.
That is good of them.

I 'm sure Ch4 News at 7PM
will be good on this.

[arista]

http://www.timesonline.co.uk/multimedia/archive/00492/Peter-Brookes-carto_492874a.jpg

Today New Labour's Mandy'
trys rushing this through as more and more New Labour MP's
are getting ready to vote against it.

[bananarama]

Privatisation is not the majic bullet that many polititions think it is..It inevitably results in mass unemployment and the tax payer paying for people who cannot re-skill or find jobs..Some saving that is......

If the post office needs modernisation then it should be done by the government not by some tin pot money greedy profit making private company with fat paid directors....

If we can give millions of tax payers money to greedy irresponsible bankers then we should at least look after our post office service and finance their modernisation too.......

New Labour is not new labour it is a clone of typical de-humanised Tory idiots.....

[arista]

Originally posted by bananarama
Privatisation is not the majic bullet that many polititions think it is..It inevitably results in mass unemployment and the tax payer paying for people who cannot re-skill or find jobs..Some saving that is......

If the post office needs modernisation then it should be done by the government not by some tin pot money greedy profit making private company with fat paid directors....

If we can give millions of tax payers money to greedy irresponsible bankers then we should at least look after our post office service and finance their modernisation too.......

New Labour is not new labour it is a clone of typical de-humanised Tory idiots.....


Yes New Labour will not Invest in the Royal Mail
even though they own it.

So they want 30% to go to a dutch firm that will make it more
modern,
12 years of Stinking New Labour
and they never helped enough on this.

[30stone]

I would love to blame them for my brothers and his mates mini moto's turned up but they will come via private delivery i think.

I just can't wait to have a go on them lol.

[arista]

Yes Private Mail can be safer/better on some things.


But on this Part Sell Off
It will split New Labour down the middle
and that will be good to see
as One Eyed Scottish Brown wants
total control.


And New Labour's Mandy
is Corrupt as hell.
http://www.dailymail.co.uk/news/article-1157763/Mandelson-new-favours-row-Heathrow-PR-pal-meetings-ministers-new-runway-ahead.html

[arista]

The Postal Workers will like this
Mandy gets Green Goo chucked in his Face


http://news.sky.com/sky-news/content/StaticFile/jpg/2009/Mar/Week1/15235852.jpg

A Heathrow protester gets him.




http://i.dailymail.co.uk/i/pix/2009/03/06/article-1159886-03C39317000005DC-502_468x286.jpg


http://news.sky.com/skynews/Home/Politics/Protester-Throws-Green-Custard-On-Lord-Mandelson-Business-Secretary-Hit-By-Anti-Heathrow-Strike/Article/200903115235839?lpos=Politics_Carousel_Region_0&lid=ARTICLE_15235839_Protester_Throws_Green_Custar d_On_Lord_Mandelson%2C_Business_Secretary_Hit_By_A nti-Heathrow_Strike

Click the SkyNews Video Player to see the Action.

[arista]

http://i.dailymail.co.uk/i/pix/2009/03/06/article-1159886-03C3E56C000005DC-408_468x694.jpg


A great Photo.
by the Group that did it.

Royal Mail should frame this one.

[arista]

Workers may be able to buy shares


Vince Cable confirmed talks are being concluded now
on the Daily Politics.
Taken 2 years


Due to massive loses.


http://www.dailymail.co.uk/news/article-1383302/Royal-Mail-sell-spell-end-9-000-post-offices.html

[joeysteele]

Not really sure I approve of this move.

[Smithy]

sold

[arista]

Not really sure I approve of this move.


Your Labour agree's with it


They are losing to much cash

[MTVN]

I don't think there's really any need for a nationalised mail service particularly if it's wasting money, it's a service that can easily be run by the private sector imo

[Livia]

I am a five minute walk from the area's main sorting office. I work in an MP's constituency office... I have not yet had my post today and it's 2pm. If I have to collect something from the sorting office, the people who work there are surly and rude.

Sell them off, they're bloody useless.

[arista]

I am a five minute walk from the area's main sorting office. I work in an MP's constituency office... I have not yet had my post today and it's 2pm. If I have to collect something from the sorting office, the people who work there are surly and rude.

Sell them off, they're bloody useless.


There is a Strike Today in some places.



And due to the millions they are losing each year
they have to sell it off to keep it alive

[Nedusa]

I am a five minute walk from the area's main sorting office. I work in an MP's constituency office... I have not yet had my post today and it's 2pm. If I have to collect something from the sorting office, the people who work there are surly and rude.

Sell them off, they're bloody useless.

Agree absolutely..........!!!! I wear contact lenses and get them supplied through post. But the box will not fit through my letter box so I had asked for them to be left in a small meter cupboard. But the postman forgot and took them back to the mail collection depot.

So now I have to make a detour from work find somewhere to park and pay for a ticket, walk to the collection depot and then take another ticket to get served , wait for about 45 mins before finally getting my package.Also the postal workers in the depot could not give a flying ***** about their customers.

They were rude and obnoxious to most customers, I was shocked to think they were employed in such a customer based service industry.

Sell them off, their days of insulting customers is surely coming to an end.

[joeysteele]

I don't disagree one bit that the post is now all over the place as to when you get it but we do still get a delivery every day and at really not too bad a cost either.

I still don't consider 60p for being as near sure as you can be that a letter or card will be there the next day after posting as being in any way too expensive.

Sell any of it off though and then see what the costs are likely to rise to, we have heard all this before that selling something off will be beneficial in the long run and it generally proves the very opposite is the case.

[Nedusa]

Yes but to be honest how much of what comes through the post is useful mail ? its probably 50% Bills, 40% Loan Applications and the rest from Charities begging for money.

[joeysteele]

Yes but to be honest how much of what comes through the post is useful mail ? its probably 50% Bills, 40% Loan Applications and the rest from Charities begging for money.

:hugesmile: Love that post Nedusa.

Sadly though the bills will still come through the door whoever is delivering the mail.
We actually gather up all the junk mail and then use any pre-paid enevelopes from other places we don't want mail from to send it off to them.

The mail I do send though, I want to be as confident as I can be that the cost is okay and that it will get there, I can unfortunately see both changing for the worse if any selling off is done.

Reform things in the Royal Mail by all means but I would hate to see any selling off of it,that's my line on this anyway.

[arista]

I don't disagree one bit that the post is now all over the place as to when you get it but we do still get a delivery every day and at really not too bad a cost either.

I still don't consider 60p for being as near sure as you can be that a letter or card will be there the next day after posting as being in any way too expensive.

Sell any of it off though and then see what the costs are likely to rise to, we have heard all this before that selling something off will be beneficial in the long run and it generally proves the very opposite is the case.


Joey it has to Rise in price whatever way you went.


It has to go private
as it is losing such big money.


In this Day and Age - We can not afford
money going down the drain
Fact

[joeysteele]

Joey it has to Rise in price whatever way you went.


It has to go private
as it is losing such big money.


In this Day and Age - We can not afford
money going down the drain
Fact

Sorry I don't agree, it needs looking at again in my view and it likely will be too.

[lostalex]

I'm against this. I think every country should have a fully nationalized postal service.

You have no idea how irate i was when i found out that the US postal service was gonna stop delivering on saturdays.

I want the government to do the mail cause i don't trust private corporations!

[arista]

Sorry I don't agree, it needs looking at again in my view and it likely will be too.


Vince said today its taken 2 years to get this far.


Are you a Communist now?

[joeysteele]

Vince said today its taken 2 years to get this far.


Are you a Communist now?

Hardly, I just don't accept that selling it off will improve things, better to improve the Royal Mail from where it is now not hand it over to others who then can do what they like and we would just have to accept that.

Like with the power companies, we were assured competition would mean greater choice and better prices, we got neither and prices rocketed.

I would prefer the Mail services to stay where and how it is,no selling off,thank you.

By the way if Vince Cable is for this then that is another good reason for it not to happen.

[AnnieK]

Something needs to be done. The number of items that go missing is now ridiculous. I get mail about 3days out of 6 now and I think it is pretty expensive, particularly on larger items. I use couriers where possible now, they are cheaper, quicker and fully traceable at no extra cost for larger parcels.

[Omah]

Sell it off, sell it all off ..... :shrug:

[joeysteele]

I don't deny things need improving and everyone will have their own experiences and thoughts as to the Royal Mail.
However for me, I 99% of the time always use it, I don't find it expensive at all,my parents are constantly sending me things to where I am while at Uni and they always use Royal Mail too.

Oddly enough the only thing I have ever had go missing was something I sent as a gift to someone by a courier firm, it took me ages to get it sorted out with them but the package was gone for good,I did get compensated but it was no replacement for the gift really.

Obviously others have some different experiences with Royal Mail but I have yet to have something go missing with them, either as to me receiving something or me sending something.
So I can only really praise them at this moment in time.
Even though you haven't a clue if your mail is coming somewhere round about 11 in the morning or not until at the latest something like 5 pm.

[Shaun]

There is definitely an element of mistrust in selling to a private investor (or shareholders)... but then, I often find that the private delivery companies existing today are a lot more reliable (particularly UPS). Not to say that I have regular problems with the Royal Mail.

[Omah]

I don't deny things need improving and everyone will have their own experiences and thoughts as to the Royal Mail.
However for me, I 99% of the time always use it, I don't find it expensive at all,my parents are constantly sending me things to where I am while at Uni and they always use Royal Mail too.

What it is to be rich, eh ..... :evilgrin:

[Omah]

http://www.telegraph.co.uk/news/uknews/royal-mail/8643804/Complaints-to-Royal-Mail-over-lost-letters-rise-by-more-than-a-third.html

18 Jul 2011
The national postal service received 120,884 complaints from angry customers in the first three months of the year – up 37 per cent on the same period in 2010.

The figure represents the highest level of dissatisfaction among customers in the last three years.

The company was forced to pay out £5.1 million in compensation to customers for lost items in the last year – the equivalent of almost £100,000 every week.

In total last year, the Royal Mail received 332,000 complaints for losing letters and parcels – more than 1,000 every working day. In the previous year the comparable number of complaints was just 306,000.

A spokesman for the watchdog Consumer Focus said: "Missing mail is a real cause for concern for consumers.

"If the figures are right, then Royal Mail needs to take a serious look at the service it's providing and take steps for improvement."


Royal Mail has got one job to do - collect and deliver mail - and, increasingly, it's charging more for a failing service ..... :mad:

[joeysteele]

I hardly think the millions of people who use the Royal Mail are rich,not that it is anyone's business if they are or are not anyway.

Of course there are problems with the current system, relate it though to the mountains of mail that is dealt with and the errors and problems are in the minority I would guess.
Sort out the problems,make things more efficient and as trouble free as they can be,I still see no reason to sell any of it off,in my view,so am against that being done.
I also for sure would not trust this Govt particularly and its reasons for selling any of it off either.

[Omah]

I hardly think the millions of people who use the Royal Mail are rich,not that it is anyone's business if they are or are not anyway.

Virtually everyone I know can no longer afford to use Royal Mail for letters - luckily there are many free options available. When ordering products online, they also ensure that delivery (and returns) are postage free. When they send goods, Royal Mail is the cheapest for packets, but, apparently, courier services are now cheapest for parcels.

Every penny counts for some of us ..... :pipe:

The complaint figures for lost post come against a backdrop of a sharp fall in the number of items delivered daily by the Royal Mail – down almost 25 per cent in the last five years.

"millions of people" have dumped Royal Mail because they can't afford to use it ..... :idc:

[Omah]

Of course there are problems with the current system, relate it though to the mountains of mail that is dealt with and the errors and problems are in the minority I would guess.
Sort out the problems,make things more efficient and as trouble free as they can be,I still see no reason to sell any of it off,in my view,so am against that being done.

In 2011, Royal Mail posted losses of £258 million and admitted it was technically insolvent.

That problem will take some "sorting out" ..... :laugh2:

http://www.spectator.co.uk/columnists/any-other-business/8847271/the-delivery-is-late-but-privatisation-is-still-the-only-solution-for-royal-mail/

Mail chief executive Moya Greene (poached from Canada Post) banked a £371,000 bonus last year, taking her package to a provocative £1,100,000. And the three executive posts below Greene averaged packages of £760,000 last year.

In the case of Royal Mail the wider public, whose interest is in quality and price of service, see a limping dinosaur in retreat, missing delivery targets, pushing up stamp prices, closing village post offices, yielding to militants in its workforce, and failing at every turn to maximise the competitive advantages of its brand power and infrastructure.

On that assessment, Moya Greene and her colleagues are paid far too much.

Far, far too much ..... :hmph:

Sack 'em, sack 'em all ..... :mad:

[Livia]

There is a Strike Today in some places.



And due to the millions they are losing each year
they have to sell it off to keep it alive

My mail arraived at 4:10pm yesterday. It's almost 3pm now and my post still isn't here. This is a daily occurence. And the amount of post - both incoming and outgoing - that goes astray is unbelievable.

[Niall]

As a general rule, I'm very much against privatisation of nationalised businesses like this but I don't really know enough about Royal Mail to have a proper view really. I've never had a problem with them ever - only the privately run companies contracted out by online retailers have been a bother for me (Yodel, DPD), so naturally I'm suspicious of it suddenly being run privately.

[Vicky.]

Cant be much worse than it is now..the amount of post that just hasnt turned up when it was definitely sent (birthday cards and such usually..I'm betting that the posties open them for the cash in them :laugh: ) is ****ing ridiculous.

[joeysteele]

Livia and Vicky, you have made me re-think a bit as to this, I am not as opposed to it as I was. Strong points as ever from you both.

[arista]

Livia and Vicky, you have made me re-think a bit as to this, I am not as opposed to it as I was. Strong points as ever from you both.

Thats the Spirit
Joey

POWERFUL

[Jesus.]

So when all the competition has been sold to the private sector, we will all begin to see a massive rise in costs. They won't be looking to provide a service, they will be looking to make profits.

[arista]

So when all the competition has been sold to the private sector, we will all begin to see a massive rise in costs. They won't be looking to provide a service, they will be looking to make profits.

Yes


And I want to pay more
to get a better Service.


and Also Profits are Fecking Normal.


You need to move to Cuba

[Jesus.]

That's good for you, Arista. I don't think you realise exactly what prices you will be expected to pay. Alex lives in a country with a fully privatised postal service. I'm sure he would speak glowingly about it.

[arista]

That's good for you, Arista. I don't think you realise exactly what prices you will be expected to pay. Alex lives in a country with a fully privatised postal service. I'm sure he would speak glowingly about it.


I have been in America
they have problems that are not like our smaller nation.



And You are Wrong
I will expect a much Higher Price
but at least it gets there

[Omah]

Livia and Vicky, you have made me re-think a bit as to this, I am not as opposed to it as I was.

Good for you ..... :thumbs:

[arista]

[Royal Mail staff to be offered up to £2,000
each as part of privatisation
Communications union says postal workers
will not 'sell their souls' for a 10% stake in the 'great British flog-off']

http://www.guardian.co.uk/uk-news/2013/jul/09/royal-mail-staff-privatisation-deal?INTCMP=SRCH


Unions have no solution for Money Loss
so they are stupid again.

[Royal Mail float has the Fallon stamp of approval
The tax payer can no longer afford to run a national postal service because doing so diverts money away from hospitals and schools, the postal services minister will say today. ]

http://www.telegraph.co.uk/news/politics/10170223/Royal-Mail-float-has-the-Fallon-stamp-of-approval.html

[arista]

Labour has not said they will reverse it,
as they know its a Business in trouble
Up and Down in profit over the last 10years.

Vince Cable MP
has said they will fund places that are out of town etc.
As all money from the shares sell goes back to the Treasury.
The Universal Service is in Law.

But Royal Mail must get New Fresh Funding
and only way is Private Funding.
Vince Cable is Clever

New Labour Failed twice to get it through,
its like we had to do their Fecking Dirty Work


So No Need to Strike
Royal Mail Must Change Now


Ref: SkyNewsHD ,Ch5NewsHD, BBC news

[Marc]

It's about to be sold

[arista]

It's about to be sold


yes get it done
but Unions want Strike - the feckers


[The Government has confirmed plans to float the Royal Mail
"in the coming weeks" in the most ambitious privatisation
for a generation and one that could anger postal workers.]

http://www.telegraph.co.uk/news/uknews/royal-mail/10303689/Government-launches-Royal-Mail-sell-off.html

[Kizzy]

Postal workers will now be on minimum wage 0hr contacts.
Once again we have the dis assembling of another organisation that was essential as part of the fundamental framework for communication .... So that's, industry, utilities and public services. The next will be the NHS within the year as that will complete the undermining of UK infrastructure.

[arista]

Postal workers will now be on minimum wage 0hr contacts.
Once again we have the dis assembling of another organisation that was essential as part of the fundamental framework for communication .... So that's, industry, utilities and public services. The next will be the NHS within the year as that will complete the undermining of UK infrastructure.


"Vince Cable insisted 6-day-a-week
service will be protected by the sale
Biggest government sell-off since the railways in the 1990s
Unions are bitterly opposed and have threatened strike action"

Read more: http://www.dailymail.co.uk/news/article-2418429/Royal-Mail-3billion-sell-begin-weeks-biggest-privatisation-generation.html#ixzz2egTmkoLo



Kizzy the Post Office is not Touched.


This is a Royal Mail Division Sell off on the open market.

It can only get better
I would prefer to pay more and know it gets there fast.

[Nemo123]

The latest part in the disassembly of the Welfare State that started with BT and Thatcher in the '80s and will finally be finished when the Health Service is completely privatised. It's the reversal of all that was progressive after the War and what Ken Loach and to a lesser degree Paul O'Grady rail about. And at the same time economists warn of a return to serfdom.

[Nemo123]

"Vince Cable insisted 6-day-a-week
service will be protected by the sale
Biggest government sell-off since the railways in the 1990s
Unions are bitterly opposed and have threatened strike action"

Read more: http://www.dailymail.co.uk/news/article-2418429/Royal-Mail-3billion-sell-begin-weeks-biggest-privatisation-generation.html#ixzz2egTmkoLo



Kizzy the Post Office is not Touched.


This is a Royal Mail Division Sell off on the open market.

It can only get better
I would prefer to pay more and know it gets there fast.

If you think your postal service is bad, then you should come and live in Ireland.
Experience should have told you, what with bins, water, et cetera, that you'll pay more and the service will probably be worse.

[Livia]

If you've ever visited a sorting office to retrieve a bit of undelivered mail, it'll tell you all you need to know about why the Royal Mail has been killed off by the very people whose jobs depend on it. The service is just awful and getting worse by the day. I still don't get my post at work until late in the afternoon, and sometimes it's not delivered at all and we get two lots the next afternoon. I know a couple of people who work for Royal Mail, and they'll tell you quite openly that they do the bare minimum then go home. It's not sustainable.

[Nemo123]

If you've ever visited a sorting office to retrieve a bit of undelivered mail, it'll tell you all you need to know about why the Royal Mail has been killed off by the very people whose jobs depend on it. The service is just awful and getting worse by the day. I still don't get my post at work until late in the afternoon, and sometimes it's not delivered at all and we get two lots the next afternoon. I know a couple of people who work for Royal Mail, and they'll tell you quite openly that they do the bare minimum then go home. It's not sustainable.
In Ireland that'll be all the time, if it's something bigger than an envelope. You'll get your post some time during the day, if you're lucky, not before or after midday, like you have. Whenever I order anything mail order from GB, which is quite a lot actually, the service is brilliant, always, though I have to order it through Northern Ireland, because the Irish Mail is so ****.

[Nemo123]

I hear the British complain about the Royal Mail, The Tube, The Health Service, The Welfare Service, et cetera. The RM is great, the Tube too, both of which I've used, the Health Service is SO GOOD, and fair, my in-law returns to Belfast to avail of it (from the Irish Rep.). You don't know when you're well off. Sometimes the govt. just doesn't invest and lets the service run down to soften the public up for its privatisation. Then it's privatised, costs more, is worse, and fills a void in the govt's coffers, and everything the public owned is sold from them in a leveraged buy out which they pay for themselves.

[Nemo123]

If you've ever visited a sorting office to retrieve a bit of undelivered mail, it'll tell you all you need to know about why the Royal Mail has been killed off by the very people whose jobs depend on it. The service is just awful and getting worse by the day. I still don't get my post at work until late in the afternoon, and sometimes it's not delivered at all and we get two lots the next afternoon. I know a couple of people who work for Royal Mail, and they'll tell you quite openly that they do the bare minimum then go home. It's not sustainable.

Oh, I forgot to mention the Ch4 documentary earlier this year, about private mail companies. Didn't see it, just the promotion with the bored staff kicking the mail about.

If a business is desirous enough to want to be owned and is sold to a hedge fund or whatever vampire sucking profiteers, then it should be making money for the taxpayer and providing decent self-respecting jobs to people.

[arista]

Kizzy I hope you watched Question Time
as after 30mins wasted on Syria

They went to Royal Mail Public Sell off
and the panel was in favour of it
except the Labour twat (who gets his facts wrong)
and the Green - nobody bitch

Its repeated this morning at 10AM on BBC2

[Nedusa]

I would never trust any package or letter that was of real importance to me to be delivered through the normal postal service, chances are it would either be lost, stolen or delivered to the wrong person.

Truth is most people do not trust the Royal Mail for a variety of reasons . A real overhaul is long overdue, like the delivery of most of their letters.

[Kizzy]

Oh, I forgot to mention the Ch4 documentary earlier this year, about private mail companies. Didn't see it, just the promotion with the bored staff kicking the mail about.

If a business is desirous enough to want to be owned and is sold to a hedge fund or whatever vampire sucking profiteers, then it should be making money for the taxpayer and providing decent self-respecting jobs to people.

Exactly this has happened in every organisation, privatised companies all relay on the same equation low wage high profit margin for the shareholders.
To suggest it's the fault of the workforce for this is wrong, it's a huge backwards step whichever way you look at it.

[joeysteele]

I am still against this sell off of any part of Royal Mail. I firmly believe it should remain as it is and of course be made even more efficient,that applies to anywhere really, there are always ways to improve things.

As for Vince Cable's guarantees, there is a great reason not to trust this sell off, I wouldn't now believe a word he says as to anything anyway.
I really think the Country should be asked on this one, do we want to see the sell off the Royal Mail,I actually think the result would surprise the Govt and others because I think the vote would be a no.
Of course that is never going to happen but for me Labour is right to oppose this measure.

I just hope this lot is well and truly turfed out in 2015 before they can start to add the NHS to their selling off programme too after running it into the ground again.
Selling off any part of Royal Mail is a very bad decision in my view and just watch costs soar too after it is done as they did after Gas and Electricity were sold off too.

[arista]

"As for Vince Cable's guarantees"


Thats the Law,the sell off is backed by no change
just a better service
& public shares.


Joey you are Wrong

[arista]

"the Country should be asked on this one"


And if they Vote for Sell Off
you would have to say sorry

[Kizzy]

You can always tell when the conservatives are going to privatise something as organisations that were always championed as stalwarts and the 'backbone of Britain' and other soundbites are suddenly thrust into the public eye with the focus on their supposed 'failings'....

[joeysteele]

"the Country should be asked on this one"


And if they Vote for Sell Off
you would have to say sorry

Not really as I would always accept the will of the people even if it goes against my own view and even if it is a strongly held view too.

[arista]

http://i.dailymail.co.uk/i/pix/2013/09/27/article-2434804-1BDBB582000005DC-73_306x423.jpg
Vince Cable: 'Today is an important day in the
life of Royal Mail. People can now apply to buy shares
in this iconic British brand'

Read more: http://www.dailymail.co.uk/money/markets/article-2434804/Royal-Mail-shares-sale-priced-260p-330p-valuing-firm-3-3bn.html#ixzz2g5fKGMl5


[ on October 11 and start trading unconditionally on October 15. The business is likely to enter the stock market just outside the FTSE 100.]

[Kizzy]

What's Vince Cable so excited about it for, is he grapping a chunk?

[arista]

What's Vince Cable so excited about it for, is he grapping a chunk?


No Kizzy
All workers can get Free Shares

[arista]

[£3.3bn Royal Mail privatisation pushed
through ahead of possible strike
Shares to be priced between 260p
and 330p in listing on 11 October – 12 days before
earliest legal strike date.]

http://www.theguardian.com/uk-news/2013/sep/27/royal-mail-3bn-pound-valuation-flotation


Good Move.

[Kizzy]

So that's good isn't it free shares?...
Now let's look at this business model as it usually plays out.
The new company takes on existing staff, they keep their contracts. The company then announces redundancies, they then recruit more staff on temporary contracts or rely on 'agency' workers.

[arista]

Yes Market Forces Kizzy


Amazon UK does the same


Life In The City

[joeysteele]

I still think this is an awful decision, just watch postal costs rise even more now as they have with everything that has been privatised in the past.

The people should have had a say in this, the rushing through of it too, also makes me really suspicious.
However even the Labour party hasn't really come out strongly enough agaisnt this in the past so this is something else the public will likely come to regret happening in time.

[arista]

http://www.telegraph.co.uk/finance/personalfinance/investing/shares/10360215/Royal-Mail-all-you-need-to-know-if-you-want-to-buy-shares.html

48hours left
min amount needed is £750


"A minimum investment of £750 could result
in an instant profit of around £300 after
the float if analysts’ predictions are correct."


No One Can Stop the Market


Feel The Force

[Kizzy]

Yep, sell off all nationalised business into mainly conservative hands... then what do you get?
Them pulling the strings and controlling the wealth whether in power or not.

[arista]

£3:30 is the Magic share price.


Sold

They may soon go up to £4

[arista]

http://www.theguardian.com/business/2013/oct/11/royal-mail-shares-trading-privatisation-live



Now at £4:50


Thats a mega jump UP



bliss

[MTVN]

Seems there's a lot more demand than they expected, pity they undervalued the shares slightly

[arista]

Seems there's a lot more demand than they expected, pity they undervalued the shares slightly


But its a Open Market
you can never get it right.


So much Demand

[lostalex]

US Mail is still running even through the US government is shut down.... why? because the US Mail is not reliant on the government.

[Verbal]

US Mail is still running even through the US government is shut down.... why? because the US Mail is not reliant on the government.

Hows your healthcare going?

[lostalex]

Hows your healthcare going?

swimmingly. :) i'm not sick, what more could i ask for?

maybe you should ask some of those British families who have to go online and beg for money so they can come over to America and get treatments and operations that aren't provided by the NHS. ask them how their healthcare is going. ;)

[Verbal]

swimmingly. :) i'm not sick, what more could i ask for?

maybe you should ask some of those British families who have to go online and beg for money so they can come over to America and get treatments and operations that aren't provided by the NHS. ask them how their healthcare is going. ;)

Yea that doesnt happen.

Whilst it is indisputable that the Americans have in some areas developed experimental treatments that arent available on the NHS, they all can be obtained privately in this country.

Nice to have the option of free healthcare though huh? Maybe one day when you call an ambulance in America they'll check your heart rate before they check your credit card.

[lostalex]

Yea that doesnt happen.

Whilst it is indisputable that the Americans have in some areas developed experimental treatments that arent available on the NHS, they all can be obtained privately in this country.

Nice to have the option of free healthcare though huh? Maybe one day when you call an ambulance in America they'll check your heart rate before they check your credit card.

All Americans have healthcare, it is illegal in the US for anyone to be turned away from the emergency room for not having insurance. but also like Britain, not everyone as access to all kinds of treatment.

Also EMT's do check your heart rate right away, for everyone, no matter what insurance, or lack of you have. so again you are lying.

You obviously know nothing about American healthcare. Keep listening to the hyperbole, it's much more fun than the truth i guess. You don't need to actually think for yourself or reach your own conclusions, you can join a bandwagon. how convenient for you.

I do envy ignorant people, it must be easy to not have to think for yourself.

[lostalex]

Yea that doesnt happen.

Whilst it is indisputable that the Americans have in some areas developed experimental treatments that arent available on the NHS, they all can be obtained privately in this country.


you are just lying now. i have seen plenty of docummentaries about British people having to come to America for treatment, and if you don't know about this, then it's just your own ignorance. America has the best healthcare in the world, if you can afford it.

[smudgie]

I was seriously thinking of buying some shares...would have made a nice profit.

[arista]

I was seriously thinking of buying some shares...would have made a nice profit.


Yes but they sold out fast

[lostalex]

Yes but they sold out fast

like star trek stamps.

[user104658]

you are just lying now. i have seen plenty of docummentaries about British people having to come to America for treatment, and if you don't know about this, then it's just your own ignorance. America has the best healthcare in the world, if you can afford it.

To be fair - although this is true - it's almost always for "experimental" treatment programs that are not yet fully proven, and it's more to do with the fact that high coverage US health insurance will often cover these treatments. private British healthcare plans probably WOULD cover experimental treatments, were they available in the UK, but it's simply not cost effective for the companies running these trials to do so in a country that doesn't have high private insurance levels to pay for it. generally these treatments do (eventually) make their way into standard healthcare once they have been fully proven.

[lostalex]

To be fair - although this is true - it's almost always for "experimental" treatment programs that are not yet fully proven, and it's more to do with the fact that high coverage US health insurance will often cover these treatments. private British healthcare plans probably WOULD cover experimental treatments, were they available in the UK, but it's simply not cost effective for the companies running these trials to do so in a country that doesn't have high private insurance levels to pay for it. generally these treatments do (eventually) make their way into standard healthcare once they have been fully proven.

exactly, so if it wasn't for Americas system, how many of these treatments would never be discovered? It's easy to criticize America's healthcare system, but the truth is that the whole world benefits from it.

[Verbal]

exactly, so if it wasn't for Americas system, how many of these treatments would never be discovered? It's easy to criticize America's healthcare system, but the truth is that the whole world benefits from it.

I used to work for an American pharmaceutical company who would be in charge of running clinical trials from start to finish. One trial, In New Jersey, had to be abandoned because all of the volunteers started turning orange. So yes god bless America for having stupid people that sacrifice themselves for the benefit of the rest of the world.

[lostalex]

I used to work for an American pharmaceutical company who would be in charge of running clinical trials from start to finish. One trial, In New Jersey, had to be abandoned because all of the volunteers started turning orange. So yes god bless America for having stupid people that sacrifice themselves for the benefit of the rest of the world.
you're welcome, jerk.

[Verbal]

you're welcome, jerk.

Take a joke man, seriously

[lostalex]

Take a joke man, seriously

you sound like my recruiting officer who stuck a dry broomstick up my ass.

(jk that never happened)

[user104658]

exactly, so if it wasn't for Americas system, how many of these treatments would never be discovered? It's easy to criticize America's healthcare system, but the truth is that the whole world benefits from it.

As a byproduct at best, let's not pretend that the INTENTION of the system is altruistic. It's an organ grinding money machine that also does a hell of a lot of damage for pharmaceutical profit. Rampant, unwarranted vaccination programs; those ridiculous hospital "baby farms" designed to inhibit breastfeeding rates, massive over-prescription of meds, especially antibiotics and SSRI antidepressants. Good for profit, bad for people. It's a scary system.

[Verbal]

Back to the intended topic, this makes me rage like nothing else in recent history.

[lostalex]

As a byproduct at best, let's not pretend that the INTENTION of the system is altruistic. It's an organ grinding money machine that also does a hell of a lot of damage for pharmaceutical profit. Rampant, unwarranted vaccination programs; those ridiculous hospital "baby farms" designed to inhibit breastfeeding rates, massive over-prescription of meds, especially antibiotics and SSRI antidepressants. Good for profit, bad for people. It's a scary system.

oh my cynical little soldier. i used to speak this way, many years ago. :pat:

you will one day see the world in a much broader light. and you will understand that we are no longer individuals in a system, we simply ARE a system. and you won't be sad about it anymore. The truth is we are just a species. individuality is for children. it's important to let children dream.

[user104658]

oh my cynical little soldier. i used to speak this way, many years ago. :pat:

you will one day see the world in a much broader light. and you will understand that we are no longer individuals in a system, we simply ARE a system. and you won't be sad about it anymore. The truth is we are just a species. individuality is for children. it's important to let children dream.

Oh I already understand it perfectly well, believe me, and I stopped being "sad" about it years ago... At this point I have little to zero concern for what the majority of the world's mindless plebs are willing to have done to themselves and their children.

But it also doesn't stop facts being facts, and that the US medical and pharmaceutical industries are in the business of causing deliberate low-level harm and willingly cause collateral damage in the pursuit of profit is just a fact. It's a problem in the UK too, with pharmaceutical kick-backs, but in the US its inherent to the entire system from the ground up. The ground-breaking treatments available in the US are available because US medical researchers are in the business of creating attractive - and expensive - products for a consumer market more motivated and willing to spend than any other; the severely and terminally ill.

[lostalex]

The ground-breaking treatments available in the US are available because US medical researchers are in the business of creating attractive - and expensive - products for a consumer market more motivated and willing to spend than any other; the severely and terminally ill.

exactly. and just because we can't all go to the moon, doesn't mean that the moon missions were a waste. When you are pumping huge amounts of money into something, and pushing the edges of known science, it's not for everyone. It's not a fairground ride where everyone gets to have a turn. It benefits everyone in other ways though. It does contribute things to the wider world, but not on an individual level. Perspective is needed for these sorts of grand projects.

[Vicky.]

https://scontent-b-lhr.xx.fbcdn.net/hphotos-prn2/282838_652497281456855_84067531_n.jpg

Tbh, I'm still for giving this a chance to hope it improves service..but I doubt it somehow.

[joeysteele]

This will prove to be a disaster for customers I think. I never agreed with it and still don't.What a farce too as to the pricing of the shares.

[Kizzy]

Crazy, remind me how they got in power again?....

[Verbal]

The thing about this that makes me sick is that there are shareholders now up and down the country, who are people who can afford to spend up to 10k on shares who made a profit on this, whilst there are people on the other end of the scale who can barely afford to eat a square meal who get treated with nothing more than utter contempt. Its a handout from the government to the rich people of the country. Its robbing Paul to pay Peter. They go on and on about the country being short of money and they sell this off taking money out of the treasury to line their own pockets. Absolute scum this tory government are.

[MTVN]

Over 700,000 people applied for Royal Mail shares, I'd say it was more than just the wealthy very few who were supportive of this

[Verbal]

Over 700,000 people applied for Royal Mail shares, I'd say it was more than just the wealthy very few who were supportive of this

The vast majority would have and did buy a huge amount so that they could make a profit on them and many did. Your everyday working class person i'm sure would rather spend the money on food or warmth.

[Kizzy]

The minimum spend was £750... Who has that lying around in loose change?
It should never have been allowed, even maggie left this alone. It's part of a bigger picture for sure.

[Kizzy]

Right the puzzle is starting to fit now, can't post links sorry but the Telegraph has an article on a hedge fund that has already made 18 MILLION from the sell off.
The founder of Landsdowne Partners is a knighted tory beneficiary, and was George Osbornes best man at his wedding.

[user104658]

Right the puzzle is starting to fit now, can't post links sorry but the Telegraph has an article on a hedge fund that has already made 18 MILLION from the sell off.
The founder of Landsdowne Partners is a knighted tory beneficiary, and was George Osbornes best man at his wedding.

Are you surprised by this? The Tory party believes that average, working people should live a life of subsistence, slogging it out for 50 years of their life to provide wealth for a social elite of profitmongers.

It's becoming increasingly obvious from their benefits policies that anyone who CAN'T work due to disability, or any "excess" livestock not needed to fill work roles, they would frankly like to round up and gas. They cant say that out loud but it's clear as day.

[Kizzy]

I'm not... Not at all, I'm surprised not more people are suspicious.

[arista]

This will prove to be a disaster for customers I think. I never agreed with it and still don't.What a farce too as to the pricing of the shares.



Its Done now



Next the Waste of time Strikes


Then its time move on to a better service
and it will charge more - and thats what is needed


Vince Cable did a Good Job



Life In The City.

[arista]

[Royal Mail Staff To Strike In November
Workers vote in favour of the first
national postal strike in almost
four years in a row over pay and pensions.]

http://news.sky.com/story/1155347/royal-mail-staff-to-strike-in-november


http://media.skynews.com/media/images/generated/2013/7/10/247462/default/v1/91934761-1-522x293.jpg

[Kizzy]

Vinny undervalued the shares which stood at almost £5 after 24hrs... Had he opened at that it would have made an extra 900m for the country.
They will strike... and they will get in agency workers, you can't fight the tories.
The trick is not to give them a foothold, now all we can do is pray for damage limitation.

[Cherie]

Vinny undervalued the shares which stood at almost £5 after 24hrs... Had he opened at that it would have made an extra 900m for the country.
They will strike... and they will get in agency workers, you can't fight the tories.
The trick is not to give them a foothold, now all we can do is pray for damage limitation.

the Postal Workers have shot themselves in the foot, they happily took the free shares, (only a handful declined), and then say they don't want to be privatised, they sold themselves down the river for a few grand up front.

[lostalex]

get back to work, plebs!

[Kizzy]

It wasn't up to them it was going ahead anyway... The shares were a sweetner is all.
The strikes are to do with pensions, as is the case with many other organisations and public services.

[Kizzy]

get back to work, plebs!

Go tell it to the republicans... :laugh:

[Verbal]

get back to work, plebs!

http://www.troll.me/images/ancient-aliens-guy/americans.jpg

[lostalex]

http://www.troll.me/images/ancient-aliens-guy/americans.jpg

UFOs are real though so the joke's on you. :hmph:

[Cherie]

It wasn't up to them it was going ahead anyway... The shares were a sweetner is all.
The strikes are to do with pensions, as is the case with many other organisations and public services.

Isn't a strike now like closing the stable door after the horse has bolted? they should have stuck to their guns, not taken the shares offered and gone on strike when this idea was proposed, doing it now that the Company has been floated and they are in the hands of shareholders is too late.

[arista]

Isn't a strike now like closing the stable door after the horse has bolted? they should have stuck to their guns, not taken the shares offered and gone on strike when this idea was proposed, doing it now that the Company has been floated and they are in the hands of shareholders is too late.


The Union is Demanding their own Work Rules
this was going on when
New Labour were trying to sell it off - years ago.


One Day there will be not many Union workers
and Strikes will go.

[joeysteele]

Its Done now



Next the Waste of time Strikes


Then its time move on to a better service
and it will charge more - and thats what is needed


Vince Cable did a Good Job



Life In The City.

I don't think in the end we will get a better service at all, that is not the case with other privatised services, all it has meant is customers pay more and more for less and less.

I think this will come back in time to haunt the Lib Dems and Vince Cable for ever supporting it and allowing the Govt. to get this through. Moreso for the 'cheap' sale it has been shown to be too.

The strikes were coming anyway because of other matters,not the privatisation issue alone.

[arista]

Yes we will Pay more
but get a better service
as its a open market now.

Look for the Good Things Joey



Yes Strikes were due anyway.

[Jesus.]

Yes we will Pay more
but get a better service
as its a open market now.

Look for the Good Things Joey



Yes Strikes were due anyway.

Can you provide an example of any industry that has provided a better service after privatisation?

When profits are more important that service delivery, then there will never ever be an improvement in service.

[arista]

Can you provide an example of any industry that has provided a better service after privatisation?

When profits are more important that service delivery, then there will never ever be an improvement in service.


BT

[Jesus.]

BT

How so?

They don't have anywhere near the market share they would have been guaranteed when nationalised. So as a business, they would have had to massively increase costs to keep turning bigger profits. I don't think I know anyone these days, that actually has a BT phone line.

[Cherie]

How so?

They don't have anywhere near the market share they would have been guaranteed when nationalised. So as a business, they would have had to massively increase costs to keep turning bigger profits. I don't think I know anyone these days, that actually has a BT phone line.


Puts hand up, I have as part of my broadband package.

[Jesus.]

Isn't that Ireland though?

You've only just progressed from plastic cups on the end of string.

One step at a time, Cherie.

[Cherie]

Isn't that Ireland though?

You've only just progressed from plastic cups on the end of string.

One step at a time, Cherie.

Well to be sure, to be sure.

Although I live in England. Now they have acquired some Sports rights and giving it away free with their broadband BT should improve their market share.



I'm a pesky immigrant :tongue:

[Jesus.]

Well to be sure, to be sure.

Although I live in England. Now they have acquired some Sports rights and giving it away free with their broadband BT should improve their market share.



I'm a pesky immigrant :tongue:

http://www.toffeetalk.com/public/style_emoticons/default/shaking%20fist.png

Comin' over ere, stealing our phone lines.

[Z]

How so?

They don't have anywhere near the market share they would have been guaranteed when nationalised. So as a business, they would have had to massively increase costs to keep turning bigger profits. I don't think I know anyone these days, that actually has a BT phone line.

My parents have a BT phone line at home, as part of their broadband package, but I think we get about one phone call a month on the house phone :laugh: so it's kind of pointless. Everyone just uses their mobiles nowadays.

[Kizzy]

Talking of mobiles does anyone remember BT cellnet?.... which became O2?
How rich would the country be BT was still nationalised during the buyout?... Answer, very!

[Verbal]

HiEqPzpMA9M

[arista]

Royal Mail Reports £283m First Half Profits

[Rising parcel revenue and cost cuts help
the postal service almost double operating
profits following its flotation.]


http://news.sky.com/story/1174262/royal-mail-reports-283m-first-half-profits

http://media.skynews.com/media/images/generated/2013/10/15/264782/default/v2/9539210-1-1-522x293.jpg

See Joey

[Gstar]

great news

[Kizzy]

Progress... :rolleyes:

http://www.independent.co.uk/news/uk/politics/royal-mail-shareholders-paid-services-worker-post-office-cut-government-privatisation-a8004421.html

[Beso]

The royal mail has improved a lot this past 3 yrs..loving the sunday opening.

[Kizzy]

The royal mail has improved a lot this past 3 yrs..loving the sunday opening.

You don't work for it obviously, sending a small parcel went overnight from £2.70 to £5.65 are you loving that too?

[Beso]

You don't work for it obviously, sending a small parcel went overnight from £2.70 to £5.65 are you loving that too?

Thats still a fair price tbh.

[Brillopad]

You don't work for it obviously, sending a small parcel went overnight from £2.70 to £5.65 are you loving that too?

Fact is the private sector is always more reliable than the public sector.

[Kizzy]

Fact is the private sector is always more reliable than the public sector.

Can you provide any evidence for that statement?

[user104658]

Who uses Royal Mail these days anyway? I can't remember the last time I sent an actual letter and the only letters I get in the post are bills and spam. Mostly spam since most places offer paperless billing these days too :shrug:.

As for parcels, we order loads online, but I'd say less than 1 in 10 comes with Royal Mail. Big places have their own couriers these days and smaller places use other couriers. Also if sending something... why would anyone trek to the post office when you can use other couriers that are cheaper, and will collect from your door?

I think it'll become an outdated service in the next decade or so tbh... the government DID sell it off far too cheaply, but I don't think there's much point re-aquiring it now. The private shareholders have a few more years to cream profits from it before it starts losing money and becomes defunct, I'd say. It's not even "a shame", really, paper mail is MASSIVELY wasteful.

[Kizzy]

Who uses Royal Mail these days anyway? I can't remember the last time I sent an actual letter and the only letters I get in the post are bills and spam. Mostly spam since most places offer paperless billing these days too :shrug:.

As for parcels, we order loads online, but I'd say less than 1 in 10 comes with Royal Mail. Big places have their own couriers these days and smaller places use other couriers. Also if sending something... why would anyone trek to the post office when you can use other couriers that are cheaper, and will collect from your door?

I think it'll become an outdated service in the next decade or so tbh... the government DID sell it off far too cheaply, but I don't think there's much point re-aquiring it now. The private shareholders have a few more years to cream profits from it before it starts losing money and becomes defunct, I'd say. It's not even "a shame", really, paper mail is MASSIVELY wasteful.

If nobody is using it where did the profits come from?

[user104658]

If nobody is using it where did the profits come from?Well if you would read the whole post, Kizzy.

Paper mail in general is (rightly) being phased out, and parcel delivery is transitioning to other couriers who are more convenient and constantly improving.

Like I said there are big profits for these people to cream off still, especially with their price hikes, and I did also say it was sold off for dodgy reasons on the cheap, however it will begin to stagnate in the next decade or two with online services using their own courier services and everything else going digital.

My point was that there's very little point buying it back now. Waste of money. Feels like it would be more "point scoring" than anything else.

[Kizzy]

I did read the whole post, Who said anything about re acquiring it?... It should never have been sold in the first instance is my point, if other companies can do it much cheaper and still be in profit what makes you think that royal mail will run out of steam?

[DemolitionRed]

Fact is the private sector is always more reliable than the public sector.

Does that include the now privatized sections of the NHS?