Royal Mail could go bankrupt in the coming months unless serious changes happen.

[redlen]

https://invezz.com/news/2022/12/22/ids- ... tcy-fears/

[TopperGas]

Somebody had better warn VESA then that it's an unwise investment!!

[norris9]

Perfect. The government can take it on then. Buy it cheap.

[walthmstowman]

It’s complete and utter BS . The company have already told us they have £1.7Billion behind the sofa.

[postieblueshirt]

well if it does then its been well orchestrated and deliberate.

[dazzler123]

shareholders and Thompson need to hand a load of money back then

[k979aaa]

It is already bankrupt morally bankrupt and bereft of ideas and vision the cause of this Is the whole board and the CEO and Chairman of the company.
I don't have faith in them I am a shareholder and stakeholder and worker in this so called business run by a ship of fools!

[Duesouth]

well if it does then its been well orchestrated and deliberate.

Just like the clear office brigade. Even we know stuff is hiding somewhere.

[jbo5066]

Daniel Kretinsky, or whatever his name is, isn't stupid - he didn't amase the kind of wealth and assets he has by being thick - he's not going to invest in a company that's going bankrupt!! And he is increasing his stake!! Utter BS!!!

[k979aaa]

Daniel Kretinsky, or whatever his name is, isn't stupid - he didn't amase the kind of wealth and assets he has by being thick - he's not going to invest in a company that's going bankrupt!! And he is increasing his stake!! Utter BS!!!

All they did was give shareholders a dividend and spend like crazy on electric vans and other stuff ie up front costs it will return to profit next year even paying the pizza delivery guys £20 an hour they employ to break the strike!

[mw7485]

Daniel Kretinsky, or whatever his name is, isn't stupid - he didn't amase the kind of wealth and assets he has by being thick - he's not going to invest in a company that's going bankrupt!! And he is increasing his stake!! Utter BS!!!

All they did was give shareholders a dividend and spend like crazy on electric vans and other stuff ie up front costs it will return to profit next year even paying the pizza delivery guys £20 an hour they employ to break the strike!

RM don't expect to be in profit until FY 2025, according to the the 6 month trading statement.

[k979aaa]

Daniel Kretinsky, or whatever his name is, isn't stupid - he didn't amase the kind of wealth and assets he has by being thick - he's not going to invest in a company that's going bankrupt!! And he is increasing his stake!! Utter BS!!!

All they did was give shareholders a dividend and spend like crazy on electric vans and other stuff ie up front costs it will return to profit next year even paying the pizza delivery guys £20 an hour they employ to break the strike!

RM don't expect to be in profit until FY 2025, according to the the 6 month trading statement.

Did they forecast losing a £1 million a day and having a £1.7 billion war chest and paying pizza boys £20 an hour while we get paid £12.34 well what creative accountants are for!

[Schiff]

If Royal Mail does go bankrupt then the one and only person to blame will be the person who is paid a shedload of money to make sure that particular outcome doesn't happen.

He doesn't seem to be very good at his job.

[enskied]

Its like everything else, totally orchestrated,
Selective, scaremongering and unbelievable from the CEO.

You can never trust a liar.

Simon Thompson and the board are stark bollock naked to everyone in this company, they will never get trust back.

[guardianangel]

We all know this has been the main objective from the start thats why there is no negotiation,while the Tory government sit back and watch the destruction,i bet there are Tory top brass who are friends with the billionaire taking us over.