Who is the new QinetiQ?

[Slaav]

Working on the basis that there is going to be a fire sale in the UK in order to try and bring some balance back into UK plc.... who is going to be the next QinetiQ?

Weren't they sold off on the cheap and then found out to be worth £100s of Millions more than UK plc got for them?

And as it has been said elsewhere, isnt selling off tehf amily silver just a way of putting off the inevitable?

[Gargamel]

Slaav said:

Working on the basis that there is going to be a fire sale in the UK in order to try and bring some balance back into UK plc.... who is going to be the next QinetiQ?

Weren't they sold off on the cheap and then found out to be worth £100s of Millions more than UK plc got for them?

And as it has been said elsewhere, isnt selling off tehf amily silver just a way of putting off the inevitable?

Hmm thats a little unfair there is much more to that story. Secondly the UK government had no issue with taking a substantial profit when the company went into a free float about three years ago.

Most recently the sale of MOD housing for Forces personnel has attracted more critiscm.

As did the Sale of Westinghouse.

Next up I imagine will be the Royal Mail probably under the Conservative and hopefully straight into a Public Listing via a share sale.

[ninja-lewis]

Gargamel said:

Next up I imagine will be the Royal Mail probably under the Conservative and hopefully straight into a Public Listing via a share sale.

Not sure about the Conservatives but the most recent plan (until Mandelson put it back on the shelf for the moment) was for part privatisation by selling a single stake of 40% or so to a company or consortium with past experience of network change - mainly the Dutch TPG or Deutsche Post. The idea being that Royal Mail needs private sector finance and experience to complete the modernisation programme, which a share sale wouldn't necessary offer.

[Mclovin]

bbc hopefully....

[fido]

Mclovin said:

bbc hopefully....

Most of it is contracted out .. but that hasn't kept apart the pigs from the troughs .. it has put alot of qualified people on the dole/contractor market. Maybe i'm becoming a bit lefty these days but these sales are incredibly short-term .. we are losing jobs and skills to other countries .. in effect fixing one set of problems (unions & poor work practices) by creating a whole load more (go to any umemployment thread) - there must be a better way (and i'm guessing it doesn't involve that deluded idiot in Number 10).

Edited by fido on Thursday 15th October 13:39

[emicen]

Urenco. 33% stake held in Uranium enrichment firm which supplies energy markets. Not like we're about to need some of that when all this windfarm ste gets unwound.

Except this wont be done via share issue sell off. It will be to a fund or other body. Who wants to place a bet on the Carlisle Group.