In the first Royal Mail privatisation under Thatcher, the Post Office bank, a highly successful and innovative bank was sold off at 300-odd million pounds to Alliance and Leicester. Within a year, A and L were valuing Girobank at a billion.
We now know that the present Cameron government in its sale of Royal Mail has also undervalued it at between 650 and 700 million pounds. A £1 billion profit for investors but prompting criticism that the company had been sold too cheaply.
They never learn.
We now know that the present Cameron government in its sale of Royal Mail has also undervalued it at between 650 and 700 million pounds. A £1 billion profit for investors but prompting criticism that the company had been sold too cheaply.
They never learn.
No comments:
Post a Comment