observer Posted September 12, 2013 Report Share Posted September 12, 2013 Be interested in the pros and cons of this one; as it appears to be a rather large CON trick on the British tax-payers who currently own it? EG: we have a nationalised company priced at £3billion, that is currently making a profit of £400million pa, and is looking forward to an expanse in the parcel delivery market. It also has around £12BILLION in pension debt. Now, surprise surprise, the Government are going to privatise the profits but not the debt, which remains with the taxpayer. So - good deal or not? Quote Link to comment Share on other sites More sharing options...
asperity Posted September 13, 2013 Report Share Posted September 13, 2013 The elephant in the room: http://ec.europa.eu/internal_market/post/legislation/index_en.htm Quote Link to comment Share on other sites More sharing options...
Davy51 Posted September 13, 2013 Report Share Posted September 13, 2013 I was involved in one of the first privatisations when all the government run road transport companies were turned into the National Freight Corporation. All the employees were given a sweetener at the time of £200 worth of shares at a knock down price which over about 7 years multiplied ten fold so that was good ,but because a lot of the employees used their growing shares to finance projects at home ,the shares were sold on specified dealing days & the better off in the management & business people "in the know" snapped up these surplus shares & a lot of people eventually became very wealthy from the privatisation.After 2 or 3 name changes the the NFC was bought , after about 20 years of trading, by DHL, the German Postal Service, which again would have given some people a sizeable profit. I would not be surprised if DHL become the eventual owners of Royal Mail....they have depots every where & the clout to succeed. Does anyone think the £750 offer of shares to the public would be a good deal ? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted September 13, 2013 Report Share Posted September 13, 2013 Isn't DHL quarter own by the German State? Quote Link to comment Share on other sites More sharing options...
observer Posted September 13, 2013 Author Report Share Posted September 13, 2013 Can't understand why the Gov, don't retain a 51% controlling share; might keep the Queen's head on our stamps, rather than the Kaiser's ! Quote Link to comment Share on other sites More sharing options...
wolfie Posted September 13, 2013 Report Share Posted September 13, 2013 It took 26 years for the price of a first class stamp to rise by 20p. In preparation for this sell off the price increase has been 20p in the last 2 years. It will lead to multiple companies delivering your mail, less post box collections, an increase in post office closures, soaring stamp prices, reduced deliveries (more so in rural areas), and full time staff replaced with part time on zero hours contracts. There is absolutely no justification for it. Quote Link to comment Share on other sites More sharing options...
Davy51 Posted September 13, 2013 Report Share Posted September 13, 2013 DHL is the German Postal Service . Kaiser Bill's Mail . Quote Link to comment Share on other sites More sharing options...
AdrianR Posted September 13, 2013 Report Share Posted September 13, 2013 Cant remember the last time I posted anything. Yes I receive but the vast majority is junk and binned. I do most on line what I would previoulsy send. So a high street presence is not going to be needed as much as the more tech savy become the norm. Cannot see how it can continue in its current form for much longer but I agree a golden share (like BP intially) should be retained FTB Quote Link to comment Share on other sites More sharing options...
asperity Posted September 13, 2013 Report Share Posted September 13, 2013 an increase in post office closures, The Post Office is seperate from Royal Mail and isn't part of the sale. It doesn't seem too concerned: http://www.postoffice.co.uk/useful-info/post-office-news/post-office-statement-response-government-announcement-royal-mail Quote Link to comment Share on other sites More sharing options...
wolfie Posted September 13, 2013 Report Share Posted September 13, 2013 The Post Office is seperate from Royal Mail and isn't part of the sale. It doesn't seem too concerned: I stand corrected, but are you saying that this sell off will have no effect whatsoever on Post Offices? Quote Link to comment Share on other sites More sharing options...
observer Posted September 13, 2013 Author Report Share Posted September 13, 2013 What it will probably mean, is that they asset strip their property portfolio - quite a few prime sites to be sold off for a quick profit for shareholders. Quote Link to comment Share on other sites More sharing options...
asperity Posted September 13, 2013 Report Share Posted September 13, 2013 The Royal Mail is still going to need somewhere for people to post parcels, registered and special delivery post etc and they have a contract with the Post Office for this. What property does Royal Mail have that they could sell off Obs? Obviously if it's not being used they may as well get some money for it. Quote Link to comment Share on other sites More sharing options...
asperity Posted September 13, 2013 Report Share Posted September 13, 2013 Of course Labour tried to do this privatisation back in 2009 but their revolting backbenchers saw it off. It's the usual tale though - Brussels says "jump" and the UK government asks "how high?" Norway has refused to implement these directives, or maybe they didn't receive that fax Quote Link to comment Share on other sites More sharing options...
Evil Sid Posted September 13, 2013 Report Share Posted September 13, 2013 probably still in the post. 1 Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted September 13, 2013 Report Share Posted September 13, 2013 What's wrong with the public owning it,, and these EU directives didn't seem to have stopped DHL Asp, who are the biggest parcel service in the World, and the German government makes money off it as t owns a quarter, lesson in their somewhere. Quote Link to comment Share on other sites More sharing options...
asperity Posted September 13, 2013 Report Share Posted September 13, 2013 The government are planning to keep a minority shareholding aren't they? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted September 13, 2013 Report Share Posted September 13, 2013 Don't know Asp, I hope so. Quote Link to comment Share on other sites More sharing options...
Bazj Posted October 12, 2013 Report Share Posted October 12, 2013 Saw this and thought it was funny.... Quote Link to comment Share on other sites More sharing options...
observer Posted October 12, 2013 Author Report Share Posted October 12, 2013 A Damascene conversion?! Quote Link to comment Share on other sites More sharing options...
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