Manlinose Posted April 1, 2014 Share Posted April 1, 2014 Hindsight is such a wonderful thing isn't it. there were many commentators and advisers and "experts" suggesting that the flotation price was undervalued well before the sale took place - nothing to do with hindsight Link to comment Share on other sites More sharing options...
Obelix Posted April 1, 2014 Share Posted April 1, 2014 there were many commentators and advisers and "experts" suggesting that the flotation price was undervalued well before the sale took place - nothing to do with hindsight As there was when the gold sale price was announced..... You can always find someone with hindsight that said that of course. Lots of people are now selling the shares as they consider them to very overvalued.... it's the stock market. If we could all guess with such accuracy then it'd be easy wouldnt it. Link to comment Share on other sites More sharing options...
mrs brady Posted April 1, 2014 Share Posted April 1, 2014 There is something very dodgy about all this. How can a huge corporation like the Royal Mail be undervalued. It wouldnt happen with a company like Facebook. Would be interesting to know which politicians bought shares that were involved in the valuation & sale of the Royal Mail. My sentiments exactly , It'd be interesting to see which MP's bought shares and how many Link to comment Share on other sites More sharing options...
Anna Glypta Posted April 1, 2014 Share Posted April 1, 2014 There is something very dodgy about all this. How can a huge corporation like the Royal Mail be undervalued. It wouldnt happen with a company like Facebook. Would be interesting to know which politicians bought shares that were involved in the valuation & sale of the Royal Mail. Co-op shares anyone? Link to comment Share on other sites More sharing options...
Manlinose Posted April 1, 2014 Share Posted April 1, 2014 You can always find someone with hindsight that said that of course. Lots of people are now selling the shares as they consider them to very overvalued.... it's the stock market. If we could all guess with such accuracy then it'd be easy wouldnt it. this is a thread about the royal mail sell off - a mistake by a previous government does not excuse a mistake by the current government yes you can always find many people with 20:20 hindsight but i am talking about many people who had the foresight to say so before it happened and what people are doing now (and what the share price is doing now) isn't the point it is nothing to do with the day to day fluctuations of the stock market and everything to do with the fact that the shares were sold for less than their value it is something that should have been anticipated by the government as many people warned them before they did it. the fact that either they didn't anticipate it, or they didn't care, and simply wanted to make sure that the offering was over subscribed, is gross financial misconduct and those responsible should do the decent thing, admit they got it wrong and take responsibility for their actions Link to comment Share on other sites More sharing options...
Anna Glypta Posted April 1, 2014 Share Posted April 1, 2014 this is a thread about the royal mail sell off - a mistake by a previous government does not excuse a mistake by the current government yes you can always find many people with 20:20 hindsight but i am talking about many people who had the foresight to say so before it happened and what people are doing now (and what the share price is doing now) isn't the point it is nothing to do with the day to day fluctuations of the stock market and everything to do with the fact that the shares were sold for less than their value it is something that should have been anticipated by the government as many people warned them before they did it. the fact that either they didn't anticipate it, or they didn't care, and simply wanted to make sure that the offering was over subscribed, is gross financial misconduct and those responsible should do the decent thing, admit they got it wrong and take responsibility for their actions Its a bit like a football match then. A load of folk who predict on team will win. Another load who predict the other team will win. And a few who will predict a draw. Of course if they could get it right every time they would clean out the bookies in a month. Link to comment Share on other sites More sharing options...
Mr Bloom Posted April 1, 2014 Author Share Posted April 1, 2014 Yeah - just like Labour undervalued the gold reserves.... Hindsight is such a wonderful thing isn't it. I don't think the gold reserves were undervalued, more to do with being sold at the wrong time. It's not a case of hindsight. Margaret Hodge says Vince could have held back 10% and saved the taxpayer 400m as soon as he realised what was happening. Link to comment Share on other sites More sharing options...
bigsexydoug Posted April 1, 2014 Share Posted April 1, 2014 I don't think the gold reserves were undervalued, more to do with being sold at the wrong time. It's not a case of hindsight. Margaret Hodge says Vince could have held back 10% and saved the taxpayer 400m as soon as he realised what was happening. No he would have had to hold back the shares them sell them at exactly the point they reached their top value, that's the point ! No one knows what their value is, some bankers guess quite well most of the time but that's about it . Unless of course you want the government to start playing the stock market with our taxes ? If he had held the shares and the value plummeted, you would have been here saying he should have sold the lot for 400 million, instead of trying to play the stock market wouldn't you ? Link to comment Share on other sites More sharing options...
Mecky Posted April 1, 2014 Share Posted April 1, 2014 I don't think the gold reserves were undervalued, more to do with being sold at the wrong time. It's not a case of hindsight. Margaret Hodge says Vince could have held back 10% and saved the taxpayer 400m as soon as he realised what was happening. But they had to be sold at the time because the ATMs were running dry. Then the looting would probably begun ---------- Post added 01-04-2014 at 17:03 ---------- No he would have had to hold back the shares them sell them at exactly the point they reached their top value, that's the point ! No one knows what their value is, some bankers guess quite well most of the time but that's about it . Unless of course you want the government to start playing the stock market with our taxes ? If he had held the shares and the value plummeted, you would have been here saying he should have sold the lot for 400 million, instead of trying to play the stock market wouldn't you ? Like Osborne playing Bingo last week? How petulant of the usual suspects trying to flip the subject matter. Link to comment Share on other sites More sharing options...
Mr Bloom Posted April 1, 2014 Author Share Posted April 1, 2014 No he would have had to hold back the shares them sell them at exactly the point they reached their top value, that's the point ! No one knows what their value is, some bankers guess quite well most of the time but that's about it . Unless of course you want the government to start playing the stock market with our taxes ? If he had held the shares and the value plummeted, you would have been here saying he should have sold the lot for 400 million, instead of trying to play the stock market wouldn't you ? No, I'd much prefer them to give them to super rich investors at a knock down price so they can make millions off the back of hardworking people. And while we're at it...what mandate did they have for giving away so many of the shares to people who worked there? Are we going to see the same for hospital workers, schools, and the police? Link to comment Share on other sites More sharing options...
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