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Re: FTSE 100 Nice on Bush, although the PFG stock price recovery bounce may mean RMG still slips through the letterbox.Games
FTSE 100 Provident Financial giving a profits warning and losing 2/3 of its share price earlier this week may allow Royal Mail to survive by the skin of its teeth!
Re: Possible good support at 388 Shotry -- could be, however, there seems little point in investing in this when it looks inevitable that it'll drop out of the FTSE on the next review, and all the index funds sell out.When that happens it's support may or may not be relevant.Perhaps when the pension situation is agreed the opportunity will go here and the stock will shoot up -- if it's not, it could easily test 350Games
Possible good support at 388 Last touched this level Sept 29th 2014. I've bought hoping prices below support are rejected and we see a rise from here.
Leaving the FTSE 100? At the moment, RMG is at place 110 in the FTSE. If it falls to 111, it means automatic expulsion from the FTSE100, meaning fewer trackers etc have to hold shares.It usually doesn't make as much difference as one would expect, but, despite being tempted by the thought of the property portfolio, I don't think I'll be adding to my 233 shares here at the moment.
Re: HSBC RAISES ROYAL MAIL TO 'BUY' Thanks Radaking and hope this one go to HSBA's target price N1m
HSBC RAISES ROYAL MAIL TO 'BUY' Just incase anyone was wondering why a bit of a tick up so far today................HSBC RAISES ROYAL MAIL TO 'BUY' ('HOLD') - TARGET 465 (475) PENCE
Re: NEW ARTICLE: Royal Mail bounces desp... "Well below float price.. still hear people moaning it was sold of cheap."The float price was 330p - so still well ABOVE this.But it is, I think, notably below the price after the first day's trading... and any argument that is was sold off cheap can no longer hold any water - it has merely performed broadly in line with the UK market since float (and obviously, significantly underperformed since end Day 1).I wonder if the likes of Corbyn and his mates even notice these things....?
Re: NEW ARTICLE: Royal Mail bounces despite ... Can not see i ever posted here.Well below float price.. still hear people moaning it was sold of cheap.Malcolm Stacey saying it a buy today.
NEW ARTICLE: Royal Mail bounces despite pension problems "After LSE:RMG:Royal Mail shares hit a two-and-a-half-year low Monday, investors could be forgiven for approaching today's first-quarter trading update with some trepidation. They needn't have, but are shares in the letters and parcels giant ..."[link]
Re: Q1 Good they have remained on target. Turning to the pension scheme did not the government take on some of the liabilities but not all of the pension scheme. They also took most of the assets leaving the scheme with mainly cash to pay short term needs. So I believe some assets and liabilities have remained with Royal Mail and have grown, mainly in liabilities since privatisation.
Re: Pension scheme I too thought that the pension scheme had been brought into the government debt calculations. I have looked it up and I think the government made some transfers into the RM scheme in 2012/13 to make it more viable.. But it stayed with the company.
Re: Pension scheme Wasn't that BT?