So after all the fuss, just £750 value of shares to each applicant unless you applied for £10K+ which meant you get none! What really bugs me is that the amount you applied for (£5K in my case) immediately came out of your account I bet that brought the banks a huge windfall in overdrawn account fees! I don't think that it should have been sold, or the power companies, or railways, etc. Market forces don't work well for everything. For example; The nationalised East Coast rail line made the Government (us!) £209M in profit
Why should I buy something I already own? Cant really blame people for doing it though, even though I dont agree with it. The civil service will be next. Bit by bit. Although big business already owns them. They forgot they were created to help and serve the people.
Dont know why we do not just get the inland revenue to run these things. Fecking amazing how efficient government is taking money off you isnt it.
The post office hear shut a few years ago and opened up a counter at the back of smiths not much to sell there.
Mega undervalued. 'Reduced dor quick sale' I'd love to see the business case behind it. Will the govt net more in this one sale, than over say 10 years of ownership and profits to come? £3bn...whats the bets its making 600m in 18 m time...and paying no tax either..
why not sell those fuckers (HMRC) too? who else, other than the yanks would sell off their infra structure/communications like the brits??
I was tempted with shares, but at 330p per share, you'd have to invest a fair amount of money to get any decent return. Saying that, its still better than the current interest rates
how can it be that you value something to sell it, then immediately it goes up in price by a third.........not a couple of percent a cocking third!! it stinks.................why not keep it if its so valuable?
Quick cash injection to the national coffers. Did that same thing with National Rail and British Gas. A massive under estimation by out beloved government
I`m not defending MPs at all, I wouldn't ask them to run a bath let alone anything else. However it is difficult to get the price of these things right as there is no direct comparison , not like launching a new brand of tomato ketchup for instance . While there have been sales of postal services abroad, each country is different and none have been done this year as far as I am aware.The shares have been oversubscribed, no doubt about that but the question is would they have all gone if they price had been set even 5% higher let alone the level at which they started trading . We can all guess but nobody knows for sure. I didn't apply for any as I don't think long term it will be a good investment and was overvalued. It was costing a fortune in public ownership and now it cant rely on us all to keep it afloat I think it will struggle to compete with the established parcel rivals especially with an ever shrinking volume of letters being sent. Only my opinion of course. I know from my own business that if I offer a new product and it sells beyond my wildest expectations I will wonder if I should be delighted to have such a popular product or wonder if I could have made more profit per unit with affecting sales. I usually end up being pleased with what I have rather than agonising over what I might have but don't.
Ker-ching! Government held back (and still owns) 30% of RM. To be sold later on at a higher/more realistic price no doubt.
It's a bribe. The policy of the government is to pass publicly-owned assets into private hands at a discount, as a way of bribing voters with their own money. Of course you can stag the issue and pocket the immediate gain - if you are as corrupt as they are. The question is: Will you stay bribed, and vote for them? Or cheat on the deal, and vote for the other lot?
It would be interesting to find out how many of the cabinet/government have a financial relationship with the institutions which acquired the majority of the shares. To me it all stinks.
