ROYMF - Despite Bright Points The Royal Mail Continues To Face Structural Issues
The Royal Mail (OTCPK:ROYMY, OTCPK:ROYMF) has rallied significantly over the past week, over 30%, on news of growth in the company's parcel business. The company has made a few other operational updates, but overall, the story hasn't changed much. The dividend remains suspended and will likely be reinstated at a much lower level and significant restructuring is still needed before the company's core UK segment is profitable again.
The Good News
In the Royal Mail's AGM trading update, they showed an improvement on parcel volume. The company now expects