Posted on 10/08/2013 12:27:03 AM PDT by Olog-hai
Small investors who have applied for shares in Royal Mail could be sitting on a profit of hundreds of pounds, according to early City forecasts.
A late rush has pushed demand to levels experienced during the privatizations of the late Eighties when British Gas and other state industries were sold off. …
Chuka Umunna, the shadow business secretary, renewed his calls for the sale to be pulled because the shares were too cheap. He said: “The Government should never have valued the company so low in the first place. It appears to be selling it at an undervalue. The Government could pull the plug on this privatization.” …
(Excerpt) Read more at telegraph.co.uk ...
What I have learned is when you own 20% of a start-up business,, you do 80% of the work.
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