Royal Mail Privatisation
So with them going private, there has been wide discussion that £3.3 billion is a gross undervalue by the UK govt and in fact many investors will be making a quick buck. Betting website Paddy Power are giving odds that it will go over 400p by the end of the first trading day at 13/8 or something. I am curious what ya'all think of it? I personally agree and think it should be worth between 4.5 - 6 billion when comparing it to competitors, having a great management team and looking at its financials. I also think the cheeky 6% dividend yield adds to it!
Are they listing 100%?
Apparently 150 workers didnt opt to take the free shares...
I think they are open to public on Tuesday? Or have I completely missed the ball. Yeah I saw that. I guess a strong risk to them would be the workforce strikes. In 2008 they lost 680,000 working days due to strikes and 264000 in 2010, seems crazy!
the undervalue is intentional by cameron...its an attempt to win political support. This is a page out of the thatcher book...let the public get a windfall gain on these privatizations to build support.
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