Below float price Could be range bound for a long time, whilst there is doubt about the dividend being cut or frozen. Games
Below float price RMG gapped down below 330 but has recovered slightly. The FTSE100 has closed down markedly for the last 3 sessions and the S&P500 has broken below a minor trendline, so not a positive background. There is also a gap above 351 which will be strong resistance.
Below float price So apart from the divi, RMG is below it’s float price 5 years ago. Games
Bought Back in! After 14 October, up to 10% RMG employee free shares will be flooded the market. MM and firms, like GLG partners, Eminence capital and etc, know that by selling now they can buy the shares back at a relatively lower price with a profit.
Bought Back in! Never been invested in this or looked into doing so but the impression you get from the headlines is that you have got greedy mgmt trying to loot the place whilst implementing a whole series of initiatives that reduce the service and make it more expensive. I stopped using their parcel service when they insisted on trying to force my neighbours to take in stuff when i wasn’t there.
Bought Back in! Liberum have put out a “sell” note, cutting the price target to 250p.
Bought Back in! Well i thought 440 was likely and 380 was possible but an outside chance. Guess i was sort of right Anyone got a barge pole to touch this with? Onewayticket, is the direction your referring to down? Fusion98
20% down Ultimately the dividend will be under pressure, not in the short term if they decide to lower investment, but if that is the case, the dividend cuts will have to follow. No secure future here, best to wait for a bounce and then offload? Games
20% down Unexpected Trading statement Royal Mail shares have fallen 14% in late trading after cutting its cost-savings target and forecasting lower full-year profit in an unscheduled trading statement. It said adjusted operating profit before transformation costs would be between £500m and £550m, compared with £694m last year. Cost savings in 2018-19 would come in at £100m, compared with its previous forecast of £230m, Royal Mail said.
20% down 20% down, couldn’t find any news Initially I thought it was my broker messing up with the price ticker…
Can anyone help
Bought Back in! Down to 486 so it wont be long until i get my 440 entry level Good luck all
Re: Bought Back in! Since November last year, 8 months ago, Really??Look again---------- ---------- ----I think you are dreaming personally with those levels as RMG has come on leaps and bounds since then.
Re: Bought Back in! I think you are dreaming personally with those levels as RMG has come on leaps and bounds since then.The 5% Dividend now into the bargain (and progressive) says it has probably entered oversold territory as there are not many solidly performing companies on the main market that can pay and have plenty of cover for that sort of dividend. All the goodies bought off the internet have to be delivered and we are all being served up daily reminders that it is impacting on the high street and leading to difficulties. Toys r Us, Maplin, New Look, M+S, House of Fraser, Poundland.You also need to look beyond the UK for where RMG is making solid money.Own due diligence
Re: Bought Back in! I'm looking to get back in but i think your entry is too premature. Personally i am looking for 440p or lower. In Jan this year it was about 430p and see no reason as to why this level will not be seen again. The sell off since mid may has been quite dramatic and sees no effort to stop at present.There is strong support at 380p, lets see if it gets that low, time will tell.Fusion98