poppet2 Posted August 4, 2015 Share Posted August 4, 2015 George Osborne has sold some of those RSB shares. They were sold to an American bank. As owners of these shares, why weren't we given the opportunity to buy them? Link to comment Share on other sites More sharing options...
Anna B Posted August 4, 2015 Share Posted August 4, 2015 George Osborne has sold some of those RSB shares. They were sold to an American bank. As owners of these shares, why weren't we given the opportunity to buy them? Because we are only allowed the crumbs at the table, not the feast. Link to comment Share on other sites More sharing options...
Bonzo77 Posted August 4, 2015 Share Posted August 4, 2015 Because the banks will use the shares to make more money and then the funds will "trickle down" and benefit the rest of society!............. (can't keep a straight face? Link to comment Share on other sites More sharing options...
ECCOnoob Posted August 4, 2015 Share Posted August 4, 2015 George Osborne has sold some of those RSB shares. They were sold to an American bank. As owners of these shares, why weren't we given the opportunity to buy them? Whose stopping you. Its still a public limited company. You could have chosen to buy the government % if you wanted. You could put a deal forward right now for any amount you wanted. Current share price as of 12:25 on 04/08/2015 is currently 334.98 Crack on lad. Link to comment Share on other sites More sharing options...
poppet2 Posted August 4, 2015 Author Share Posted August 4, 2015 Whose stopping you. Its still a public limited company. You could have chosen to buy the government % if you wanted. You could put a deal forward right now for any amount you wanted. Current share price as of 12:25 on 04/08/2015 is currently 334.98 Crack on lad. No you can't, they were sold overnight, then it was announced that they were sold, AFTER the deed was done. Sure, anyone can buy them NOW, from those banks who are now selling them on, at a profit. But the public, who owned them should have been given the opportunity to buy them first. Link to comment Share on other sites More sharing options...
iansheff Posted August 4, 2015 Share Posted August 4, 2015 Well he has got to look after his banker friends who will buy them and make money. The same people that get those nice juicy bonuses will just be lining their pockets even more. Link to comment Share on other sites More sharing options...
L00b Posted August 4, 2015 Share Posted August 4, 2015 (edited) No you can't, they were sold overnight, then it was announced that they were sold, AFTER the deed was done.Why didn't you tell The Exchequer you had a spare £2.1bn to do the deal? Sure, anyone can buy them NOW, from those banks who are now selling them on, at a profit.Those institutions who did the deal and own the shares now, will only make a profit on the sale depending on what price (today, what time) buyers buy them at. Market does the rest, including the price-setting. Since the government just sold a ma-ooo-sive 5% stake at once, release of that volume into the wild immediately depreciated the share title at SM opening time. You don't really understand this stock market malarkey, do you? Edited August 4, 2015 by L00b Link to comment Share on other sites More sharing options...
suzyoo Posted August 4, 2015 Share Posted August 4, 2015 George Osborne has sold some of those RSB shares. They were sold to an American bank. As owners of these shares, why weren't we given the opportunity to buy them? you already had bought them Link to comment Share on other sites More sharing options...
milquetoast1 Posted August 4, 2015 Share Posted August 4, 2015 Oh no, somebody managed to buy some shares for 330p and it would cost me 335p. It's unfair that they could now sell for a smaller loss than me! It's unfair that I didn't buy for £2 a couple of years ago! It's unfair that I don't know what the price is going to be next year! It's just unfair. Link to comment Share on other sites More sharing options...
Eater Sundae Posted August 4, 2015 Share Posted August 4, 2015 George Osborne has sold some of those RSB shares. They were sold to an American bank. As owners of these shares, why weren't we given the opportunity to buy them? As of this lunchtime, they were trading on the open market at just below what the institutions paid, overnight. So if you want to you can buy them, and they'll be a bit cheaper. What's not to like? Link to comment Share on other sites More sharing options...
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