|Bid||339.80 x 10300|
|Ask||340.20 x 162400|
|Day's Range||333.75 - 342.06|
|52 Week Range||321.80 - 632.60|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||13.23|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||0.24 (7.03%)|
|1y Target Est||375.06|
The stock fell as much as 4.9 percent to touch a record-low 321.8 pence in early London trading, below the 330 pence at which the 500-year-old postal service was sold in October 2013 under then-Chancellor of the Exchequer George Osborne. Analysts at RBC Capital Markets and HSBC Holdings Plc cut recommendations on the stock earlier Tuesday following the London-based postal operator’s profit warning a week ago.
Royal Mail plc (LON:RMG) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the Read More...
When workers at Royal Mail voted to accept a peace accord that ended the threat of nationwide strikes, it seemed to lay the foundations for a new era of co-operation at the 500-year-old institution. Little ...
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Councils will be able to borrow billions of pounds more for housebuilding, Theresa May announced on Wednesday, in one of the Conservative party’s most radical moves to tackle the decline in home ownership, write Henry Mance and Judith Evans. The prime minister told the Tory party conference in Birmingham that housing was “the biggest domestic policy challenge of our generation”, but that local authorities were being held back from building by fiscal rules.
Rentokil Initial found favour on Friday as risk aversion led the FTSE 100 to its biggest weekly fall since March. “At a time of heightened geopolitical and economic uncertainty, the resilience of the pest ...
British shares retreated on Tuesday as the positive impact of a new North American free trade pact faded globally and shares of Royal Mail (RMG.L) hit a record low the day after the 500-year-old postal service issued a profit warning. The top FTSE 100 (.FTSE) index fell 0.3 percent to 7,474.55 points, outperforming continental indices hit by concerns over Italy's 2019 budget though British bank stocks were impacted. The exporter-heavy index did not enjoy the usual accounting boost from the pound falling to a three-week low, with investors anxious about infighting in the ruling Conservative party over Prime Minister Theresa May's Brexit plan.
European shares fell on Tuesday, failing to benefit from a more positive mood on Wall Street as anti-euro rhetoric from a senior Italian lawmaker spooked investors also concerned about the fate of Britain's negotiations to leave the EU. Italy's 10-year bond yield soared to 4-1/2 year highs after an Italian lawmaker said most of the country's problems would be solved by ditching the euro before reassuring comments from the government bought calm to a jittery market. Italian banks , whose large government bond holdings make them sensitive to political stress, fell as much as four percent but limited losses to 1.2 percent at the close.
JPMorgan Cazenove downgraded Royal Mail to “underweight”, cut earnings forecasts by 25 per cent and questioned why management had repeated an intention to pay an increased dividend for 2019 when cash flow was under severe pressure. Royal Mail’s trading update indicates a worrying combination of accelerating letter volume declines and a vastly reduced rate of cost efficiencies. Royal Mail’s dividend cover now does not look sustainable, with our medium-term forecasts suggesting an uncovered dividend.
(Bloomberg) -- Royal Mail Plc slumped as much as 8.6 percent on Tuesday, losing about a quarter of its value since issuing a surprise profit warning late Monday, prompting analysts to slash price targets for the stock.
Royal Mail Plc slumped as much as 8.6 percent on Tuesday, losing about a quarter of its value since issuing a surprise profit warning late Monday, prompting analysts to slash price targets for the stock. The stock is just 13 percent above its 2013 initial public offering price of 330 pence a share, having reached a record high of almost double that as recently as May. Analysts bemoaned a further slowdown in letter volume and a failure to meet cost-cutting targets at the 500-year-old company, while questioning whether the firm’s dividend policy remains affordable.
"We have been bearish on the outlook for productivity improvements, but yesterday's profit warning was shocking in its scale and timing," Liberum analyst Gerald Khoo said. Although Royal Mail maintained its dividend, analysts warned that the policy did not look sustainable in the longer term.
Postal workers who were given shares in Royal Mail when it floated in 2013 face paper losses of up to £2,500, after the price crashed just days before many were preparing to sell. Next week, on the fifth ...
extended their losses on Tuesday, bringing their fall to almost a quarter over two days following a profit warning that rattled investors late in Monday’s trading session. The group blamed the updated guidance on missed cost saving and productivity goals, which had been one of the key pillars in a deal struck with trade union leaders earlier this year. Under the deal, Royal Mail committed to reducing working hours in exchange for changes to work practices.
The FTSE 100 slipped for a third straight day with Royal Mail hitting its lowest since flotation on concerns of a dividend reset. JPMorgan Cazenove, downgrading Royal Mail to “underperform”, forecast that ...
European stocks were lower Tuesday afternoon, after anti-euro comments from an Italian party official sent Rome's bond yields up to multi-year highs.
Now they are in danger of dropping out again after the difficulties of delivering those productivity gains were laid bare in a profit warning late on Monday. The company is sensibly focusing more on parcel delivery, through its Parcelforce service, to capture the surge in ecommerce.
Royal Mail forecast a drop in adjusted operating profit before transformation costs to between 500 million pounds ($653 million) and 550 million pounds, compared with last year's 694 million pounds. In June the company said there was some uncertainty among its customers about the General Data Protection Regulation (GDPR), which imposes new requirements on how companies collect and process personal information about users and came into force on May 25. The company now expects a 7 percent decline in addressed letter volume compared with its previous forecast of a 4-6 percent decline for the medium term.
The company said Long had concluded he could no longer serve as non-executive chairman of Royal Mail and as executive chairman of British estate agent Countrywide Plc (CWD.L). Royal Mail shareholders rejected a pay package for senior executives in July, while Countrywide abandoned plans in August to revamp its incentive package for directors after meeting top investors.
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Royal Mail plc (LON:RMG), with a market cap of UK£4.68b, often getRead More...
I am going to run you through how I calculated the intrinsic value of Royal Mail plc (LON:RMG) by taking the expected future cash flows and discounting them to today’sRead More...