Stockchase Opinions

Gavin Graham Royal Mail PLC RMG-LSE DON'T BUY Oct 28, 2013

Got some on the IPO, but sold it after 4 days, because it was up 50%. Has gone up another 10%-15%, which makes it relatively expensive compared to the German post office or the Dutch post office. While postage continues to fall by 5%-6% a year, the number of goods being delivered through e-commerce continues to grow.

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