RBS shares (5%) being sold- too cheap?
Discussion
Was listening to Harriet Baldwin getting a grilling from Mr Humphry on R4 this morning, she wasn't convincing. Are they too cheap? Only going to large investors apparently, what's the significance of this?
http://www.bbc.co.uk/news/business-33769906
http://www.bbc.co.uk/news/business-33769906
Edited by truck71 on Tuesday 4th August 08:49
truck71 said:
Was listening to Harriet Baldwin getting a grilling from Mr Humphry on R4 this morning, she wasn't convincing. Are they too cheap? Only going to large investors apparently, what's the significance of this?
1. Ker-ching! Trebles all round! Big dinners!2. Gideon's guaranteed himself several directorships when he retires from public office.
3. Public has vague sense of dissatisfaction which evaporates when the new series of "Great British Bake-Off" or "Strictly Come Dancing" starts.
truck71 said:
Was listening to Harriet Baldwin getting a grilling from Mr Humphry on R4 this morning, she wasn't convincing. Are they too cheap? Only going to large investors apparently, what's the significance of this?
http://www.bbc.co.uk/news/business-33769906
Like the Royal Mail sell off recently, the trains, the telephones, the electricity and all the Tory sell offs since 1979 - it's toffs selling our stuff cheap to their pals so they can make money.http://www.bbc.co.uk/news/business-33769906
Edited by truck71 on Tuesday 4th August 08:49
FredClogs said:
Like the Royal Mail sell off recently, the trains, the telephones, the electricity and all the Tory sell offs since 1979 - it's toffs selling our stuff cheap to their pals so they can make money.
Or selling them off so some other organisation can rescue the infrastructure that has had decades of neglect and needs tens of billions putting into it rather than them.Du1point8 said:
Or selling them off so some other organisation can rescue the infrastructure that has had decades of neglect and needs tens of billions putting into it rather than them.
I'm sure that's the reason. And I'm also sure that when the Best man at your wedding makes a killing on the sale, it's pure coincidence. Would a market price to break even be achievable in the foreseeable future? Essentially thinking if the opportunity cost.
We didn't exactly choose to buy them, with proper due diligence did we.
Rather than selling too cheap, did we buy too high?
(As you may tell, I've not given this much attention!)
We didn't exactly choose to buy them, with proper due diligence did we.
Rather than selling too cheap, did we buy too high?
(As you may tell, I've not given this much attention!)
The Labour government chicked out. It should have nationalised them. Then sacked all the bloody bankers (opps sorry, wkers). Split off the gambling side (investment, ha, what a joke). And re-created banks, that are a service to the community, not a bloody gambling den for the few, with their noses in the trough.
Snozzwangler said:
Would a market price to break even be achievable in the foreseeable future?
Well why not find out and put them on an open market rather than Gideon shifting them out to Tarquin and Oswald for a price agreed behind closed doors?The illusion that modern "rightist" economic thinking and capitalism as it's practiced in the real world is laughable, once you put people into the equation with their propensity to greed and tribalism and cronyism then it fails. Same old Tories.
FredClogs said:
truck71 said:
Was listening to Harriet Baldwin getting a grilling from Mr Humphry on R4 this morning, she wasn't convincing. Are they too cheap? Only going to large investors apparently, what's the significance of this?
http://www.bbc.co.uk/news/business-33769906
Like the Royal Mail sell off recently, the trains, the telephones, the electricity and all the Tory sell offs since 1979 - it's toffs selling our stuff cheap to their pals so they can make money.http://www.bbc.co.uk/news/business-33769906
Edited by truck71 on Tuesday 4th August 08:49
Tony Bliar gave away a large part of the UK`s hard won EU rebate (for absolutely nothing) which has cost the UK taxpayer an average of 3.1 billion pounds every single year since he did so, and it will continue losing this amount for eternity (or until the UK leaves the EU, or the EU itself collapses, a distinct possibility if its second largest net contributor to EU coffers decides to leave)
Gordon Brown sold off a large part of the UK`s gold reserves (395 tons) when he didn't have to, and when the gold price was at an all time low, costing the UK taxpayer 7 billion pounds in one go.
So Osbornes losses at the taxpayers expense are dwarfed by the massive (and continuing) losses imposed on the UK taxpayer by the labour party.
Pan Pan Pan said:
FredClogs said:
truck71 said:
Was listening to Harriet Baldwin getting a grilling from Mr Humphry on R4 this morning, she wasn't convincing. Are they too cheap? Only going to large investors apparently, what's the significance of this?
http://www.bbc.co.uk/news/business-33769906
Like the Royal Mail sell off recently, the trains, the telephones, the electricity and all the Tory sell offs since 1979 - it's toffs selling our stuff cheap to their pals so they can make money.http://www.bbc.co.uk/news/business-33769906
Edited by truck71 on Tuesday 4th August 08:49
Tony Bliar gave away a large part of the UK`s hard won EU rebate (for absolutely nothing) which has cost the UK taxpayer an average of 3.1 billion pounds every single year since he did so, and it will continue losing this amount for eternity (or until the UK leaves the EU, or the EU itself collapses, a distinct possibility if its second largest net contributor to EU coffers decides to leave)
Gordon Brown sold off a large part of the UK`s gold reserves (395 tons) when he didn't have to, and when the gold price was at an all time low, costing the UK taxpayer 7 billion pounds in one go.
So Osbornes losses at the taxpayers expense are dwarfed by the massive (and continuing) losses imposed on the UK taxpayer by the labour party.
Pan Pan Pan said:
Tony Bliar gave away a large part of the UK`s hard won EU rebate (for absolutely nothing) which has cost the UK taxpayer an average of 3.1 billion pounds every single year since he did so, and it will continue losing this amount for eternity (or until the UK leaves the EU, or the EU itself collapses, a distinct possibility if its second largest net contributor to EU coffers decides to leave)
Gordon Brown sold off a large part of the UK`s gold reserves (395 tons) when he didn't have to, and when the gold price was at an all time low, costing the UK taxpayer 7 billion pounds in one go.
So Osbornes losses at the taxpayers expense are dwarfed by the massive (and continuing) losses imposed on the UK taxpayer by the labour party.
This is the first tranche and was designed to test the market appetite. There will be a large retail offering at some stage. There is no point waiting until the share price exceeds the buy-in price as that could take years. Indeed with such a large government holding, there is a good chance it would not do so on any acceptable timeframe.
greygoose said:
Pan Pan Pan said:
So Osbornes losses at the taxpayers expense are dwarfed by the massive (and continuing) losses imposed on the UK taxpayer by the labour party.
[/quote
When it comes to messing up the UK`s economy and losing the UK taxpayer billions of pounds for nothing, no one can compare to the cluster*ck that is the labour party, A failure in the past, a failure now, They will always be a complete failure, even when compared to the lacklustre opposition they face.
You may have noticed that of all the EU countries, The UK has been doing a lot better in the last few years, At least since we got shot of the disastrous labour party.
DMN said:
Pan Pan Pan said:
FredClogs said:
truck71 said:
Was listening to Harriet Baldwin getting a grilling from Mr Humphry on R4 this morning, she wasn't convincing. Are they too cheap? Only going to large investors apparently, what's the significance of this?
http://www.bbc.co.uk/news/business-33769906
Like the Royal Mail sell off recently, the trains, the telephones, the electricity and all the Tory sell offs since 1979 - it's toffs selling our stuff cheap to their pals so they can make money.http://www.bbc.co.uk/news/business-33769906
Edited by truck71 on Tuesday 4th August 08:49
Tony Bliar gave away a large part of the UK`s hard won EU rebate (for absolutely nothing) which has cost the UK taxpayer an average of 3.1 billion pounds every single year since he did so, and it will continue losing this amount for eternity (or until the UK leaves the EU, or the EU itself collapses, a distinct possibility if its second largest net contributor to EU coffers decides to leave)
Gordon Brown sold off a large part of the UK`s gold reserves (395 tons) when he didn't have to, and when the gold price was at an all time low, costing the UK taxpayer 7 billion pounds in one go.
So Osbornes losses at the taxpayers expense are dwarfed by the massive (and continuing) losses imposed on the UK taxpayer by the labour party.
Zod said:
This is the first tranche and was designed to test the market appetite. There will be a large retail offering at some stage. There is no point waiting until the share price exceeds the buy-in price as that could take years. Indeed with such a large government holding, there is a good chance it would not do so on any acceptable timeframe.
This. With more shares available in the market it will also make pricing more accurate in future.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff