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Kretinsky making a bid ?
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32754
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Re: Kretinsky making a bid ?
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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clashcityrocker
- Posts: 16619
- Joined: 22 Sep 2009, 13:50
- Gender: Male
- Location: strummerville
Re: Kretinsky making a bid ?
There is a rumour that all Millwall supporters will be the first out the door.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32754
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Re: Kretinsky making a bid ?
clashcityrocker wrote: ↑17 Apr 2024, 16:24There is a rumour that all Millwall supporters will be the first out the door.
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32754
- Joined: 07 Aug 2006, 03:19
- Gender: Male
Re: Kretinsky making a bid ?
CWU RESPONSE TO BREAKING NEWS OF POTENTIAL ROYAL MAIL TAKEOVER
The breaking news of an impending takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another significant moment.
The truth is handing over the ownership of one of the UK’s most prestigious institutions to a foreign equity investor cannot be right. But neither is the current model or direction of the company.
The truth is Royal Mail needs a new ownership and governance model that builds a postal service for the workers and customers and not one built solely focused on shareholder payouts and driving down the service and the terms and conditions of the workers.
The CWU will be campaigning publicly and politically to deliver this change of direction.
Dave Ward
General Secretary
Martin Walsh
Deputy General Secretary (Postal)
The breaking news of an impending takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another significant moment.
The truth is handing over the ownership of one of the UK’s most prestigious institutions to a foreign equity investor cannot be right. But neither is the current model or direction of the company.
The truth is Royal Mail needs a new ownership and governance model that builds a postal service for the workers and customers and not one built solely focused on shareholder payouts and driving down the service and the terms and conditions of the workers.
The CWU will be campaigning publicly and politically to deliver this change of direction.
Dave Ward
General Secretary
Martin Walsh
Deputy General Secretary (Postal)
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
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Valentina@1
- Posts: 841
- Joined: 13 Apr 2023, 16:48
- Gender: Male
Re: Kretinsky making a bid ?
CWU get cut for helping them totally destroy job/terms and conditions? 
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scotchy1962
- EX ROYAL MAIL
- Posts: 866
- Joined: 25 Mar 2020, 16:55
- Gender: Male
Re: Kretinsky making a bid ?
Christ!! Kretinsky will be quaking in his boots.......Not!POSTMAN wrote: ↑17 Apr 2024, 16:44CWU RESPONSE TO BREAKING NEWS OF POTENTIAL ROYAL MAIL TAKEOVER
The breaking news of an impending takeover bid for Royal Mail Group (IDS) by Daniel Kretinsky is another significant moment.
The truth is handing over the ownership of one of the UK’s most prestigious institutions to a foreign equity investor cannot be right. But neither is the current model or direction of the company.
The truth is Royal Mail needs a new ownership and governance model that builds a postal service for the workers and customers and not one built solely focused on shareholder payouts and driving down the service and the terms and conditions of the workers.
The CWU will be campaigning publicly and politically to deliver this change of direction.
Dave Ward
General Secretary
Martin Walsh
Deputy General Secretary (Postal)
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NWpostie
- Posts: 3614
- Joined: 04 Aug 2007, 17:32
- Gender: Male
- Location: Sector 001 Borg Collective, 6 o f 9
Re: Kretinsky making a bid ?
I believe that's safeguarded since the Mirror pension scandal, the pension funds is run by a stand alone organisation.
Six of Nine loves Seven of Nine, together in Electric Dreams.
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Valentina@1
- Posts: 841
- Joined: 13 Apr 2023, 16:48
- Gender: Male
Re: Kretinsky making a bid ?
What’s the end game here?
Worried sick
Worried sick
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clashcityrocker
- Posts: 16619
- Joined: 22 Sep 2009, 13:50
- Gender: Male
- Location: strummerville
Re: Kretinsky making a bid ?
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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clashcityrocker
- Posts: 16619
- Joined: 22 Sep 2009, 13:50
- Gender: Male
- Location: strummerville
Re: Kretinsky making a bid ?
The Board of IDS (the "Board") confirms that on 9 April 2024 it received a preliminary and conditional non-binding proposal from EP Group regarding a possible cash offer for the entire issued and to be issued share capital of IDS not already owned by EP Group and its affiliates, namely VESA Equity Investment S.à r.l ("VESA Equity") at 320 pence per share (the "Possible Offer"). VESA Equity is an approximately 27.5% shareholder in IDS.
The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.
The Board believes the timing of the proposal is opportunistic. It does not reflect the growth potential and prospects of the Company under a new management team, a significant modernisation programme underway at Royal Mail, and the ongoing review by Ofcom in relation to the Future of the Universal Service Obligation.
The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.
The Board believes the timing of the proposal is opportunistic. It does not reflect the growth potential and prospects of the Company under a new management team, a significant modernisation programme underway at Royal Mail, and the ongoing review by Ofcom in relation to the Future of the Universal Service Obligation.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
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yellowbelly
- Posts: 3713
- Joined: 23 Jun 2015, 15:51
- Gender: Male
Re: Kretinsky making a bid ?
But if it did value IDS appropriately (according to the Board's back of a fake stamp calculations) then they'd be all for it?The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.
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dazzler123
- Posts: 479
- Joined: 11 Oct 2021, 17:36
- Gender: Male
Re: Kretinsky making a bid ?
its just haggling/negotiating, isnt it. We know who the future isyellowbelly wrote: ↑17 Apr 2024, 17:18But if it did value IDS appropriately (according to the Board's back of a fake stamp calculations) then they'd be all for it?The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.
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A2B
- Posts: 2010
- Joined: 25 Feb 2009, 19:34
- Gender: Male
Re: Kretinsky making a bid ?
Well it looks like the Royal Mail of the future will not be part of IDS, where that leaves Royal Mail is anyones guessdazzler123 wrote: ↑17 Apr 2024, 17:27its just haggling/negotiating, isnt it. We know who the future isyellowbelly wrote: ↑17 Apr 2024, 17:18But if it did value IDS appropriately (according to the Board's back of a fake stamp calculations) then they'd be all for it?The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.
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qwerty2
- Posts: 2077
- Joined: 30 Jun 2009, 00:42
- Gender: Male
Re: Kretinsky making a bid ?
He’ll sell it back to the government maybe?????A2B wrote: ↑17 Apr 2024, 17:50Well it looks like the Royal Mail of the future will not be part of IDS, where that leaves Royal Mail is anyones guessdazzler123 wrote: ↑17 Apr 2024, 17:27its just haggling/negotiating, isnt it. We know who the future isyellowbelly wrote: ↑17 Apr 2024, 17:18But if it did value IDS appropriately (according to the Board's back of a fake stamp calculations) then they'd be all for it?The Board, together with its advisers, carefully considered the Possible Offer and concluded it significantly undervalues IDS and its future prospects. Accordingly, the Board unanimously rejected the proposal on 11 April 2024.
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A2B
- Posts: 2010
- Joined: 25 Feb 2009, 19:34
- Gender: Male
Re: Kretinsky making a bid ?
The government wouldn't want it if it was free 
Last edited by A2B on 17 Apr 2024, 17:57, edited 1 time in total.