ROYMF - Royal Mail: Uncertainty Dividend Suspension Mean You Should Avoid Shares For Now
The Royal Mail (ROYMY,ROYMF) recently announced a suspension of its dividend. The company also suggested the possibility of a decreased service as a result of sickness among their workers. The company has seen significant increases in volume across certain areas while others have declined. With new uncertainty and the company’s annual report being postponed indefinitely – the Royal Mail’s shares should be avoided for now.
Operations Update
The company reiterated guidance for FY2019/20, of between 300-340 million pounds in income. Any guidance for the next fiscal year has been suspended due to inherent