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Re: Was Royal Mail sold too cheaply?
Quote:
Originally Posted by TheDaddy
Yes ordinary retired Australians in the water companies case, that leveraged debt upon said water company, didn't pay any tax, didn't do much re infrastructure and put the bills up by a third. Sound like.people you'd want to do business with?
---------- Post added at 14:57 ---------- Previous post was at 14:55 ----------
It's not our pension funds that own them but carry on
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http://www.bbc.co.uk/news/business-24488144
Quote:
Mr Cable said: "You get an enormous amount of froth and speculation in the aftermath of a big IPO [initial public offering] of this kind.
"The bulk of the shares have gone to long-term institutional investors, stable investors, some overseas investors, but mainly British pension funds and insurance companies who are there for the long term.
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