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Royal Mail : privatised at half it's value 
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Three months after privatisation, Royal Mail shares sit at roughly twice what they were at first sale


Mon Jan 27, 2014 9:41 am
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oh well the banksters and shysters made a packet at our expense, again
nationalise the debt but privatise the profits, ELYSIUM ...

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Mon Jan 27, 2014 5:21 pm
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Royal Mail privatised for up to £1.5bn less than City estimates of its value

http://www.theguardian.com/uk-news/2014 ... ates-value

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Fri Feb 07, 2014 4:16 pm
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£1.5bn less than some of the offers to manage the privatisation were pretty much guaranteeing it would get, which the government decided not to take up. It's a bit of a problem when you're struggling to find ways to show that it wasn't corrupt.


Fri Feb 07, 2014 4:31 pm
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http://www.bbc.co.uk/news/business-26819971

Frankly, the 'elite' saw an opportunity for a fantastic wheeze at the cost of the public.

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Tue Apr 01, 2014 10:46 am
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pcernie wrote:
http://www.bbc.co.uk/news/business-26819971

Frankly, the 'elite' saw an opportunity for a fantastic wheeze at the cost of the public.


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The privatisation of Royal Mail took place amid huge public interest and the shares rose by 38% to 455p on their first day of trading, meaning taxpayers had lost out on at least £750m in the sale.


Hmm - the shares rose in value to £4.55.

Assume that the government had decided that £4.50 was the right price for a share. Firstly, there’d be a lot of “OMG, that’s steep” like comments. Secondly, I would expect shares to sell in minutes on trading day anyway, and for there to be an increase in value as those who initially bought sold to make a profit. So the price would have gone up ANYWAY, and this story would still be news because the tax payer would still have “lost out” to this increased prices.

Yes, the share sales was rushed (more likely to side step Union grumblings), but if my memory serves me, a lot of people made a lot of cash in the 1980s when British Gas and the Electricity Board were sold.

Shares go up, and in privatisation sales like this, share prices are likely to jump alarmingly in value after the the initial floatation.

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Tue Apr 01, 2014 12:24 pm
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paulzolo wrote:
Shares go up, and in privatisation sales like this, share prices are likely to jump alarmingly in value after the the initial floatation.

Yes but when they don't ever come down again then you start to smell a rat.


Tue Apr 01, 2014 12:54 pm
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jonbwfc wrote:
paulzolo wrote:
Shares go up, and in privatisation sales like this, share prices are likely to jump alarmingly in value after the the initial floatation.

Yes but when they don't ever come down again then you start to smell a rat.


And one that was round a few very particular houses.

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Tue Apr 01, 2014 2:39 pm
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