Trying to pick a company with turn around potential in the share price.
With the share price still close to long-term support 275p,UK Mail
looks quite capable of delivering some welcome portfolio profits.




https://www.ukmail.com/


The UK Mail Group (formerly known as Business Post Group) is the largest independent parcels, mail and logistics services company within the UK, offering innovative delivery solutions both locally and worldwide.


Over the past 40 years we have built up a business offering that we believe is second to none. With a national network of more than 55 sites and 2500 vehicles we are able to offer business customers an unique integrated service with a full range of time-sensitive and secure delivery options for parcels, letters and pallets – all of which can be tailored specifically to meet the needs of your business.

Over the past 40 years we have built up a business offering that we believe is second to none and our loyal customers now range from multinationals such as 02 and Talk Talk to family run businesses like Northamptonshire based Podington Garden Centre.

A dynamic and forward thinking company, UK Mail is committed to pushing the boundaries of the postal and express parcel delivery markets and continues to launch a range of innovative delivery solutions.

Trading Statement

RNS


RNS Number : 0805E

UK Mail Group PLC

14 July 2016




14 July 2016





uk mail Group plc



TRADING STATEMENT



"A solid start to the current financial year"



UK Mail Group plc announces the following Trading Statement covering the period 1 April 2016 to 30 June 2016.



We have made a solid start to the current financial year, with overall performance for the first quarter in line with our previous expectations.



The move of our second hub has been successfully completed, with very high service levels maintained throughout the period. We continue to make good progress with our plans to improve the efficiency of our operations.



The Group remains in a sound financial position.



The Group's Annual General Meeting will take place at 12.00pm today, 14 July.





- Ends -

UK Mail recommends Deutsche Post's 440p offer
StockMarketWire.com
UK Mail Group has recommended Deutsche Post AG's 440p-a-share cash offer. It valued UK Mail's share capital at about £242.7m.

The offer assumed UK Mail shareholders would be entitled to receive a 5.5p a share dividend.

"We have made good strategic progress in recent years, establishing leading positions in our key markets of parcels and mail, investing in additional capacity in our operations and in IT and product and service innovation," said UK Mail chairman Peter Kane.

"However, the Board believes that UK Mail will benefit significantly from becoming part of Deutsche Post DHL, and will be better positioned to continue to develop our parcels and mail businesses with the benefit of Deutsche Post DHL's greater financial and operational resources.

"Our customers will have direct access to Deutsche Post DHL's integrated global parcel network and comprehensive logistics capabilities; we will have opportunities to win additional business from Deutsche Post DHL's existing customer base; and there will be significant synergies including additional volumes flowing through our network from Deutsche Post DHL's global operations.

"Furthermore, the Offer provides UK Mail Shareholders with the opportunity to realise their investment for cash at a significant premium to the levels at which the share price has traded in recent months."



At 9:08am:
(LON:UKM) UK Mail Group PLC share price was +133.13p at 440.63p


Story provided by StockMarketWire.com