True but if I'm not mistaken an equally huge pension liability and I can't but help recall several delivery companies that have proved so difficult to manage that their boards have ended up selling them on for peanuts just to get rid of the liability. Rentokill Initial recently sold Citylink for £1 for example. Yet Citylink seemed to have a very nice segment of the market which must surely have been profitable?
For the record, I applied using some money in an isa which was earning less than inflation - otherwise known as devaluing.
The missus will kill me if it all goes pear shaped but I think it's worth a punt.
Anyone manage to sell @£4.50 and make £270 overnight?
30% profit, cant complain!!
Since the staff also made an instant £500 minimum, I guess they may actually be happy for once, well until they vote to strike....
The real question is what would they strike about haha
jcollings (11th October 2013)
I have to say that the Royal Mail is not what it used to be my Grandfather was a Postman and it was a respectable job. Now they do not care and their customer service is poor.
Personally I'd approach with caution as to the real worth of Royal Mail.. I think this attempt by the Government will be short lived to generate interest.
As it stands, Royal Mail are years behind in terms of their tracking technology compared to other companies. The last I checked, I can track a parcel with Royal Mail once it's been delivered. That's really handy isn't it?
I'd take Royal Mail more seriously if they came out with a revolutionary policy such as delivering on a Sunday. Many companies/shops and websites are available to purchase on the weekend, so why not deliver on a Saturday and Sunday? No one's tapped into this market and I think the response would be more than positive.
I am looking forward to the next Postman Pat to see what he does with his money!
Parcels is clearly a huge growth business, and royal mail is in excellent shape to be able to make lots of money out of it.
I agree they need to improve their tracking and website simplicity.
Those automatic postal machines also need an upgrade. I've used them a few times and the touch screens are so slow.
There are currently 1 users browsing this thread. (0 members and 1 guests)