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Well done Chairman Keith at the Royal Mail

By Chris Bailey | Thursday 18 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

A few years ago I did own some shares in Royal Mail (RMG) on the basis that (1) it could be managed better as a private company rather than a state owned one and; (2) its property ownership in places such as the Nine Elms site in south London offered it the scope to even further improve its alright net cash position. Anyhow, I made a bit of money but lost interest in the shares at/around the 600p level in 2018. For many obvious reasons (fewer letters, worker angst and growing competition in the parcel business), the Royal Mail had a shocking couple of years after that, meaning by June last year I noted that its new chair Keith Williams had a big job going forward. And he certainly did but – as shown by the near tripling of the share price since – I doff my hat to him.

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