Mr Bates vs the Post Office

denislawsbackheel said:
No
PO is govt owned.
RM is a private company.
Click to expand...

Royal Mail was part of the post office until 2012.

Nobody remember the massive under valuation and sell off of loads of cheap shares to Cameron’s chums at the time?

Worth a fortune days after, what a lucky coincidence for them.
 
Johnny Mars Bar said:
Royal Mail was part of the post office until 2012.

Nobody remember the massive under valuation and sell off of loads of cheap shares to Cameron’s chums at the time?

Worth a fortune days after, what a lucky coincidence for them.
Click to expand...
Royal Mail shares were offered to the public. Retail investors received an allocation of 227 shares equivalent to £749.10 at the offer price of 330p. That's now worth about £594. Those who wanted more than £10,000 got nothing.
So not much of an investment!
 
Johnny Mars Bar said:
Royal Mail was part of the post office until 2012.

Nobody remember the massive under valuation and sell off of loads of cheap shares to Cameron’s chums at the time?

Worth a fortune days after, what a lucky coincidence for them.
Click to expand...
That was another thing the Postmasters got stitched up on we were issued shares in Royal mail but they were withdrawn when the split came.
 
denislawsbackheel said:
Royal Mail shares were offered to the public. Retail investors received an allocation of 227 shares equivalent to £749.10 at the offer price of 330p. That's now worth about £594. Those who wanted more than £10,000 got nothing.
So not much of an investment!
Click to expand...

I know they were but a huge chunk were sold to city investors before the retail plebs like you and me could get involved. Miraculously the price doubled immediately and they were then sold off.

The price fluctuation over the subsequent decade is irrelevant.

The government knowingly undervalued that initial offering.

That’s my recollection anyway. I don’t own Royal Mail shares - most of my investments are US tracker funds - so my memory might be wrong!
 
Blue Maverick said:
He was a CEO whilst it was going on so he must have known, either hes a liar or incompetent or both.
Click to expand...
He is the one who took the momentous decision to take pushbikes off postmen. Maybe that is really his level in management if it wasn't a "jobs for the boys" scenario. Or maybe he thought it would enhance a tough manager image if he went along with the prosecutions of so many innocent people. Either way he needs to be in this investigation not protected because he is an exec at ITV.
 
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