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.
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.