Skip to main content

Royal Mail share allocated to "advisers" rise in value by £29m since floatation.

 http://www.theguardian.com/uk-news/2013/oct/25/royal-mail-shares-record-price


Royal Mail sell-off advisers allocated millions of shares


City advisers were given the opportunity to buy 13m shares in Royal Mail


 

The "advisers" including Goldman Sachs and UBS, advice to Vince Cable, results in the government selling the shares at a "discounted price" of £3.30. The "advisers" are allocated millions of shares which are now trading at £5.50 per share.
There is something very smelly about the whole privatisation of Royal Mail scam which has made hedge funds (one of which is now the major shareholder in the "new" Royal Mail), institutional investors, speculators and "advisers" all a very great amount of money, at the expense of the British taxpayers and the people who are (currently) working for Royal Mail.
Vince Cable and the ConDem coalition government, have some very serious questions to answer about this latest rip off of publicly owned assets. It is however highly unlikely that such questions will ever be asked.


 (Goldman Sachs and UBS declined to comment.)

Labels:

Comments

Post a Comment

Popular posts from this blog

Northern Ireland and Brexit. The return of "The Troubles"

Northern Ireland: police attacked in another night of disturbances | Northern Ireland | The Guardian When the "Brexit" debate was still filling our newspapers and our television screens, readers may remember why I had changed my mind since voting to leave at the referendum vote. Apart from the economic arguments, which had become crystal clear after peeling away all the lies and misrepresentations trotted out by Bozo Boris and his "Get Brexit Done" conspirators, there was always the problem of the border between Northern Ireland and the Republic of Ireland. Would it be possible to have a border between the European Union and the United Kingdom where people, goods and services could pass freely between the two nations without customs restrictions, tariffs, duties and all the other formalities? Would it be possible to have one part of the United Kingdom treated differently from other parts of the United Kingdom, particularly when Scotland for example had voted overwhe
Post a Comment
Read more

The Parliamentary Labour Party conspirators are hatching another coup.

http://www.independent.co.uk/news/uk/politics/corbyn-labour-leadership-rebel-mps-a7202641.html Labour MPs plan for Corbyn victory  and plot how to confront an emboldened leader Even for the "Independent", the number and use of unnamed anonymous "sources" in this article is quite astonishing. However, amongst all the usual speculative delusion, there is one factor which causes concern to anyone who believes in the Labour Party, its principles and in he democratic process of the Labour movement. It is abundantly clear that elements within the Parliamentary Labour Party, are even now, planning another coup in the event that Jeremy Corbyn should emerge as winner in the current ballot. The failed coup of earlier this year, has now descended into a sham leadership election, because the conspirators still fail to accept the democratic decision of the Labour party membership and cling to
Post a Comment
Read more

Plemont development or return to nature?

  http://www.bbc.co.uk/news/world-europe-jersey-  A date has been set for a public inquiry into plans for Plemont Headland. This exceptional location must be sold to the National trust for Jersey, and returned to nature. Any other outcome involving development of the site, can only demonstrate the extent to which greed and self interest have become endemic in Jersey.
Post a Comment
Read more