Is RMG going down the toilet?

Old_Slaphead

I_have_spoken wrote: »

Closing price of Royal Mail on Friday 441p, less than they opened on 1st day of trading. :eek:

Now they're ex-divi, I'm bailing on Monday along with the smart money -
[]

Smart money bailed out at 6 quid not £4.41

jimjames

Thrugelmir wrote: »

Was in Germany the week before last. While people own mobiles. There's nothing like the same visibility in the streets or restaurants etc. While the use of landlines at home is very much alive. Not everyone gets sucked in by the marketing of products that one has to own.

I was in Germany last week too and noticed the same. Be interested to see if they are just behind the times or will continue to shun some technology in future.

IronWolf

Didn't RMG also report a fall in parcels revenue? That was supposed to be their 'growth' area.

Freecall

Thrugelmir wrote: »

There's nothing like the same visibility in the streets or restaurants etc.

A little more polite and considerate of others perhaps?

talexuser

Freecall wrote: »

A little more polite and considerate of others perhaps?

Also much more willing to save than us. Perhaps resisting the temptation to splurge everything on credit is part of the reason they are so much better off generally?

ChopperST

The other flaw in RMG's business is that they are compelled by universal delivery to deliver at a set price to isolated areas which essentially means those routes operate at a loss. Seems unfair that now they are essentially a private organisation operating in the open market they are compelled to operate in such a fashion when other providers such as TNT and UKmail don't?