They are basically on a journey of transformation to efficiency which has just begun but this may already be priced into the share price.
Risks remain such as labour unrest, cahnges to management and competition.
Improving efficiency gets harder as you go on.
There is also an Ofcom investigation into certain charging practices
Does not mean they are in free fall shares go up and down all the time.
I've noticed Royal Mail shares which were in the 600p mark for ages suddenly drop nearly a whole ￡ to almost 500p in the last few days.
Has there been something on the news that I missed?
