Quote:
Originally Posted by Gordon Booth
Actually, cmon( grits teeth ) you may be right. There appear to be two separate sell offs, one of which was not much mentioned. Too late now to dig further, will try tomorrow. Apology may be called for.
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Cmon is now my Guru!
I forgot all about checking this out but now I have he was right.
Only 33% was available to the public, the rest went to the 'city'. Norges(Norway), Kuwait IO, Singapore GIC and Lansdown all got £50million each. The only British company which got a good share was Threadneedle Investments- a good company.All the rest was shared out between up to 300 big finance companies.
Apparently the ' book runners', the companies who organised the sell off, Goldman Sachs and UBS 'weren't geared up to selling to British Pension Funds'- so the Brit companies hadn't a chance- unbelievable!
Apologies, cmon. I will now give
everything you write or post my full attention- well maybe some of it.
Well maybe not much or even less.