Update about colleague shares?

[teletubby]

Sorry to put a dampner on this little positive step(56p...instead of nothing...from a high of £2 ish).If the value was 56p in October...thus people who left got that value.Then people(who still are employed) seem to think that they will get the October value.I doubt it since the upto date value is nothing.

[fishtank]

There was no October value...the shares were not valued on a month to month basis.
They were £2.00 at the previous valuation in September and "unlikely to have any value" at the latest valuation in April.
So.....where does the 56p come from....and why?
It's not as if those who left after the September valuation were expecting anything.

[teletubby]

Fishtank....if you read some of the recent posts on the colleague share part of the forum.You will see exposties have reported recieving around £287 and it states on thier slips... October value 56p.

[Darren Bent]

So when the 56p payment for each shares will arrive on our payslip.

[TrueBlueTerrier]

Fishtank....if you read some of the recent posts on the colleague share part of the forum.You will see exposties have reported recieving around £287 and it states on thier slips... October value 56p.

I don't think he meant in an actual physical sense "where did that come from" - more of a question of how did they reach the 56p valuation and why. Is there any outsude influence etc....

[fishtank]

I think it may be an attempt to subdue criticism and quite frankly disbelief that the shares could one week be worth £2 and the following week....nothing.
No company loses value that quickly so we may see ever decreasing payments made to leavers between November and now until the value reaches zero.
I think it's just an attempt to head off any difficult questions and any potential independent "opening up" of the books.

[heathrow86]

So now it looks like the shares are being paid out, does that mean the other talks are still going on about the mail centre closures, especially in London, or is that it? So what about the new business plan? I am getting peed off with the silence, if they are still talking, why don't the union just put a note out at the end of the week "saying talks are continuing, nothing to report at the moment"?

[dvbuk55]

So now it looks like the shares are being paid out, does that mean the other talks are still going on about the mail centre closures, especially in London, or is that it? So what about the new business plan? I am getting peed off with the silence, if they are still talking, why don't the union just put a note out at the end of the week "saying talks are continuing, nothing to report at the moment"?

Why? Simply because they take the membership for granted and fail to communicate anything even if it is a negative the membership deserve to know.

[feduppostie]

see the union isn't useless at all they managed to make the shares worth 56p instead of nothing

not to say that now we are all wondering how much they are involved in manipulating the figures along with RM IMO of course

s**t is still s**t no matter how you dress it up, and am I happy getting £200 odd quid when other peeps got £1400 (£700 per year) erm no i'm not

[fishtank]

s**t is still s**t no matter how you dress it up, and am I happy getting £200 odd quid when other peeps got £1400 (£700 per year) erm no i'm not

I wouldn't get your hopes up even for £200.
The November leavers are getting 56p a share...that doesn't mean we will get anything.

[feduppostie]

yeah appreciate that

all of us left don't deserve anything it seems

[Big Daz]

No letter today

No worries BD - I would imagine HQ are working OT tomorrow to get it to you "this week"...............though that has seemed to have been a week of fortnights on occasion

Nor today

[dvbuk55]

No letter today

No worries BD - I would imagine HQ are working OT tomorrow to get it to you "this week"...............though that has seemed to have been a week of fortnights on occasion

Nor today

Well it appears there are more pressing problems than the national issue of colleague share money Don't worry though they'll get round to it .......................eventually..................who knows, with a bit of luck they may well have gone up by then

[goinpostal]

I can't wait to get our 3.5% pay rise next year like the 2010 agreement promises! After all Royal Mail promised....

[skintdawn]

I was banking on them shares this month..Can anyone tell me when we will get paid this month april 2011? will it be on the thursday 29th? as friday is a bank holiday?
thanks.