Royal Mail shares

[londonblue]

Sorry for my ignorance, but who is JP Morgan?

So another person jumps on the bandwagan and suddenly I (a taxpayer) have been conned. Whether it was valued at £4 or £100bn, please tell me how I, or any taxpayer, would have benefited.

JP Morgan is one of the biggest and most successful investment banks in the world.

 

[superblue24]

http://www.theguardian.com/uk-news/2013/oct/24/royal-mail-worth-10bn-jp-morgan?CMP=EMCNEWEML6619I2&et_cid=53794&et_rid=philspooner@yahoo.com&Linkid=http%3a%2f%2fwww.theguardian.com%2fuk-news%2f2013%2foct%2f24%2froyal-mail-worth-10bn-jp-morgan


I see Royal Mail shares were valued at 10 billion quid by JP Morgan before they were sold to the British public (and institutions) at a price some 2 and a half times less than that.

This is a national scandal.

To be honest, I don't care. Every tax payer was given the opportunity to invest, the government were accepting all methods of payment. You could have gotten in on the action with a credit card, and I know some who did.....If you didn't want to risk playing with money you didn't have, you couldn't have been confident of their market value.

As I said, the FACT that the lowest investors were given the shares in favour of those investing £10K plus would show you that this was not a "money for the rich" scheme.

There are a lot of families out there who would have benefited from this windfall of around £400. Are you begrudging a hard-working family a little holiday? Or a new bed for someones child? Shame on you, Barna.....You're nothing but a miserable old voyeur poking your nose into a country you chose to abandon some years ago. Mind your own!

 

[blues_r_best]

There are a lot of families out there who would have benefited from this windfall of around £400. Are you begrudging a hard-working family a little holiday? Or a new bed for someones child?

I begrudge anyone who made money on this because I don't have enough money to buy shares (or have a credit card) and am jealous.

 

[Tangled up in Blue]

Sorry for my ignorance, but who is JP Morgan?

You're an accountant and you've never heard of JP Morgan?:facepalm:


That's a bit like me not knowing about Oxbridge.:stunned:

JP Morgan is one of the biggest and most successful investment banks in the world.

 

[EastStandBlue]

That's a bit like me not knowing about Oxbridge.:stunned:

Or basic spelling and grammar, but you've seemingly managed to get by.

 

[Tangled up in Blue]

Was there ever an investigation into Labour selling all of our gold reserves when the commodity was at its lowest value?

How about addressing the issue mentioned in this thread title rather than dragging in non-sequiturs like this at every opportunity?

There are a lot of families out there who would have benefited from this windfall of around £400. Are you begrudging a hard-working family a little holiday? Or a new bed for someones child? Shame on you, Barna.....You're nothing but a miserable old voyeur poking your nose into a country you chose to abandon some years ago. Mind your own!

I'm certainly a non-resident but as a British passport holder I still retain a keen interest in British politics and I'm fully entitled to an opinion.

As I've suggested before, (echoing Macmillan),this Tory coalition government has sold off the family silver at way below the market price.That affects every British man,woman and child, and not just those greedy and unprincipled enough to make a quick killing.

 

[superblue24]

How about addressing the issue mentioned in this thread title rather than dragging in non-sequiturs like this at every opportunity?

Because it IS relevant since you continue to bleat on about "selling the family silver" yet you have (as usual) no answer to the disgraceful act of selling the family gold.....But then I forget that it suits you to ignore that FACT because it was undertaken by your wonderful Labour party.

You keep on about how this sale is a disgrace, but fail to acknowledge that Labour lost us far more money by what Gordon Brown did.

I'm certainly a non-resident but as a British passport holder I still retain a keen interest in British politics and I'm fully entitled to an opinion.

You have no opinion. Your so-called opinion is driven entirely by the Guardian or any other sources of negative media coverage. Opinions like yours mean nothing to me when it's the ramblings of a poisonous vindictive old miser who wants nothing more than for our country to fail.

As always, you like to ignore anything that doesn't suit you.

 

[chapperzUK]

You're an accountant and you've never heard of JP Morgan?:facepalm:


That's a bit like me not knowing about Oxbridge.:stunned:

My apologies, surprisingly my little knowledge about an American investor doesn't hinder me in my job that deals with small UK companies. Technically wouldn't consider myself an Accountant as I haven't got any full qualifications in Accountancy.

Add to that I don't "immerse" myself in the financial/accounting world because it doesn't interest me.

 

[steveo]

I thought we covered this last week. No one knew what the actual market value was (except you of course although you didnt comment on it till after the event - no change there then) so the taxpayer has lost nothing. Your article, which I cant be bothered with, presumably says if the shares were priced higher and had all been sold then the return would have been higher. The thing is Barna, they weren't and they didn't so stop bleating about it and post something other than a Guardian link.

In fact some taxpayers have earned rather lot, which, as I am one of them is relatively good news.

Talking of Guardian links, i saw an article on the BBC website last week about unemployment being down. I thought I would post a link from the Guardian for you to read but strangely they didn't mention it. Wouldn't want any god news would they.

Certainly not.They're all atheists (I would hope).:winking:

I noticed how you declined to answer this one but answers a later post by Superblue24 with "How about addressing the issue mentioned in this thread title rather than dragging in non-sequiturs like this at every opportunity?" How about changing your name to Tangled up in double standards Barna?

 

[steveo]

http://www.theguardian.com/uk-news/2013/oct/24/royal-mail-worth-10bn-jp-morgan?CMP=EMCNEWEML6619I2&et_cid=53794&et_rid=philspooner@yahoo.com&Linkid=http%3a%2f%2fwww.theguardian.com%2fuk-news%2f2013%2foct%2f24%2froyal-mail-worth-10bn-jp-morgan


I see Royal Mail shares were valued at 10 billion quid by JP Morgan before they were sold to the British public (and institutions) at a price some 2 and a half times less than that.

This is a national scandal.

yes Barna you told us all this the day after the sale. Still can't find anything from you before it happened. Perhaps you can tell give us a prediction for last Tuesday euromillions numbers.

 

[Crabby Shrimper]

How about addressing the issue mentioned in this thread title rather than dragging in non-sequiturs like this at every opportunity?

Yet, in another thread (Titled "IMF cuts global growth outlook, but raises UK forecast") you said:

You've taken your eye off the ball.The argument has moved on to falling living stadards since 2010, which will still be the case even if there is a substantial increase in growth rates by 2015.

Prices are increasing faster than wages.That's why people rightly feel worse off.

Which as far as I can see isn't mentioned in the thread title.

Double standards perchance?

 

[Tangled up in Blue]

Yet, in another thread (Titled "IMF cuts global growth outlook, but raises UK forecast") you said:



Which as far as I can see isn't mentioned in the thread title.

Double standards perchance?

No.Different horses for different courses.:winking:

 

[DTS]

Shares have almost doubled now. Just gutted I didn't get the £5k worth we asked for.

 

[superblue24]

Uh Oh, you might have activated the "BarnaBlue Guardian\BBC link generator"

 

[Berrichonne shrimper]

Uh Oh, you might have activated the "BarnaBlue Guardian\BBC link generator"

If his wife is a good french woman/man then they should be in France putting flowers on the graves of all the dead rellies so you should be ok for a few days.

 

[Tangled up in Blue]

If his wife is a good french woman/man then they should be in France putting flowers on the graves of all the dead rellies so you should be ok for a few days.

She did that yesterday on her father's grave in Cebazan.He died just three years ago.Thanks.

I'm not religous but my wife (like most French people)was brought up as a Catholic.

Have some respect for other people's beliefs.

 

[londonblue]

So, using the Governments own suggestion of waiting 3 months for the "froth" to settle, RM shares are 70% higher than they were sold at.

BBC

What a botch job.

 

[steveo]

Who's complaining? 750 quid investment is today worth 1291.06.Winner.

 

[ldnfatso]

So, using the Governments own suggestion of waiting 3 months for the "froth" to settle, RM shares are 70% higher than they were sold at.

BBC

What a botch job.

Thank god we didn't sell all our gold reserves off then at discount prices!

Oh wait, we couldn't coz that berk Brown sold them at rock bottom prices during the last government's tenure!

 

[londonblue]

This time it's the National Audit Office.

BBC

Anyone still think the taxpayer got value for money? What a rip off, especially this bit:

The spending watchdog also noted that a small number of shareholders, designated as "priority investors", had made significant profits from the increase in the sale price following the privatisation.

The government had allocated larger proportions of their shares orders to these 16 investors, in the belief that they would form part of a stable long-term and supportive shareholder base.

However, almost half of the shares allocated to them had been sold within a few weeks of the IPO.

This government really are a bunch of idiots.