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Royal Mail - as I said at the time the government were just 'buyng votes'

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Old 01 April 2014, 11:32 AM
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f1_fan
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Default Royal Mail - as I said at the time the government were just 'buyng votes'

As usual I got criticised at the time, but it seems the National Audit Office agree with me.

Royal Mail sale price 'too cautious', says spending watchdog

The National Audit Office said too much emphasis was put on completing the sale within this Parliament, at the expense of achieving better value for money.
Still Thatcher did it over and over again so why should Cameron be any different
Old 01 April 2014, 11:35 AM
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Originally Posted by f1_fan
As usual I got criticised at the time, but it seems the National Audit Office agree with me.

Royal Mail sale price 'too cautious', says spending watchdog



Still Thatcher did it over and over again so why should Cameron be any different
Were they buying votes or are they just totally thick?? I suspect the latter tbh.
Old 01 April 2014, 11:41 AM
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alcazar
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Want to bet a whole raft of Tory ministers have made a killing? And their mates....
Old 01 April 2014, 12:06 PM
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Originally Posted by BLU
Were they buying votes or are they just totally thick?? I suspect the latter tbh.
Both?

Originally Posted by alcazar
Want to bet a whole raft of Tory ministers have made a killing? And their mates....
And Labour and Lib Dem I would imagine!
Old 01 April 2014, 12:24 PM
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And ME!

I bought ..... but I have held - there is a 6% Dividend coming my way soon

The Taxpayer was shafted - but hindsight is a wonderful thing ... the Taxpayer still owns 30% so has also benefited from the increase.
Old 01 April 2014, 12:26 PM
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On another note - the Tory Chancellor has devastated my Insurance Shares, by allowing OAP's the option of not buying an annuity
Old 01 April 2014, 12:31 PM
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Graz
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Originally Posted by pslewis
On another note - the Tory Chancellor has devastated my Insurance Shares, by allowing OAP's the option of not buying an annuity
So you'd rather buy an annuity when you finally retire then

Trending Topics

Old 02 April 2014, 06:13 PM
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Chip
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Originally Posted by f1_fan
As usual I got criticised at the time, but it seems the National Audit Office agree with me.

Royal Mail sale price 'too cautious', says spending watchdog



Still Thatcher did it over and over again so why should Cameron be any different
Did you not buy any yourself then ?

Last edited by Chip; 02 April 2014 at 06:18 PM.
Old 02 April 2014, 06:40 PM
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pslewis
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Originally Posted by Graz
So you'd rather buy an annuity when you finally retire then
I don't have to ..... but I am heavily invested in Insurance Companies ..... I need other OAP's to be forced to buy Annuities so that the Companies I am invested in make lots of money and I get good divi's and capital growth.

Now, they will be buying property to let and treading on my toes there too!
Old 02 April 2014, 06:45 PM
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Nothing to do with votes but more about all their mates buying them so they obviously don't want them paying too much money especially when they could buy more than the joe public limit.
Old 02 April 2014, 07:05 PM
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The irony being the same people who complain about the government not maximising it's profit on the sale of Royal Mail tend to be the same ones who moan about utilities companies making large profits (and that's not just on here).
Old 02 April 2014, 07:53 PM
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Originally Posted by neil-h
The irony being the same people who complain about the government not maximising it's profit on the sale of Royal Mail tend to be the same ones who moan about utilities companies making large profits (and that's not just on here).
Not me as I would rather they didn't sell it at all but selling it for a third if what it's worth is not good value for the taxpayer.
Old 02 April 2014, 08:06 PM
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A third? Where did you pluck that figure out from?
Old 11 July 2014, 08:21 AM
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Taxpayers 'lost £1bn' on Royal Mail sale, MPs say
Old 11 July 2014, 09:11 AM
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They were just keeping those who hold real power happy.

It's what politics is all about.
Old 11 July 2014, 10:57 AM
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Hindsight is a wonderful thing.
Old 11 July 2014, 11:16 AM
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Originally Posted by jonc
Hindsight is a wonderful thing.
Except I said it before it was sold
Old 11 July 2014, 01:26 PM
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No matter what they did there would have been a smear campaign, they took the information they had at the time and went with it.

You can't sell a company based on potential growth, but maybe they should have sold smaller amounts over a extended period.
Old 11 July 2014, 01:44 PM
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why do i think that had they let the bidding proccess role over to another government it would have been even worse?

usual political rubbish and mud throwing, shoudl have done this or that or the other. We moan gov never gets anything done, then when it does people moan they have done it wrong.
Old 11 July 2014, 02:49 PM
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Originally Posted by Tidgy
We moan gov never gets anything done, then when it does people moan they have done it wrong.
The bottom line is there was no reason to sell it!!
Old 11 July 2014, 02:58 PM
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Originally Posted by BLU
The bottom line is there was no reason to sell it!!
Who deals with the union now?
Old 11 July 2014, 03:01 PM
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Originally Posted by f1_fan
As usual I got criticised at the time, but it seems the National Audit Office agree with me.

Royal Mail sale price 'too cautious', says spending watchdog



Still Thatcher did it over and over again so why should Cameron be any different
If they were going to 'buy votes', surely they should of done it at some point near an election? - pretty rubbish 'vote buying' strategy don't you think?
Old 11 July 2014, 03:24 PM
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Originally Posted by Martin2005
If they were going to 'buy votes', surely they should of done it at some point near an election? - pretty rubbish 'vote buying' strategy don't you think?
They have their hands full now trying to cover up yet more (very serious)sh1te.
All MP's and parliament are a joke.
Old 11 July 2014, 04:09 PM
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Originally Posted by legb4rsk
Who deals with the union now?
In what way?
Old 11 July 2014, 05:00 PM
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Originally Posted by f1_fan
Except I said it before it was sold
So you must be rich after buying lots of them
Old 11 July 2014, 05:23 PM
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Technically we did buy them all (again) as the Mp's would have used our money to buy them, I mean if they can get away with having paintings done of each other at our cost why not buy shares.
Old 11 July 2014, 10:28 PM
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Originally Posted by Martin2005
If they were going to 'buy votes', surely they should of done it at some point near an election? - pretty rubbish 'vote buying' strategy don't you think?
Oh for goodness sake Martin, you won't have a bad word said against them will you?

You are seriously telling me that when Joe Bloggs goes to polling booth and sees the Tory MP's name there he won't think 'they are the nice party that made me a quick £1K on those Royal Mail shares, I think Ill vote for them'?

Well Professor David Parker, the government's official historian who researched and wrote a book on the 80s privatisations under the last Tory government thinks that is exactly what happens as he said on the radio today and he also said Cameron & co. had learnt little from the 80s floatations,

I am more inclined to take on board his views than yours given the relative levels of qualification of those views.
Old 11 July 2014, 10:46 PM
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Originally Posted by f1_fan
Oh for goodness sake Martin, you won't have a bad word said against them will you?

You are seriously telling me that when Joe Bloggs goes to polling booth and sees the Tory MP's name there he won't think 'they are the nice party that made me a quick £1K on those Royal Mail shares, I think Ill vote for them'?

Well Professor David Parker, the government's official historian who researched and wrote a book on the 80s privatisations under the last Tory government thinks that is exactly what happens as he said on the radio today and he also said Cameron & co. had learnt little from the 80s floatations,

I am more inclined to take on board his views than yours given the relative levels of qualification of those views.
It's not a question of 'having a bad word said', the reality is you won't say a good word.

If they had price it too high the sale would of flopped and you'd of been on here wallowing in self righteousness about that. Grumbling from the sidelines in a no-lose scenario isn't it?

Ultimatley you don't give a flying *** about anything but moaning and whining about the world. You have no answers, no solutions, nothing positive to saying about anything or anyone. It's not the world that broken, it's you.

Why don't you go and see a shrink, I'm sure you'd be good business for them
Old 12 July 2014, 12:35 AM
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Originally Posted by Martin2005
It's not a question of 'having a bad word said', the reality is you won't say a good word.

If they had price it too high the sale would of flopped and you'd of been on here wallowing in self righteousness about that. Grumbling from the sidelines in a no-lose scenario isn't it?
For Christ's sake they have a track record of under valuing nationalised organisations, which bit of that do you not understand? It's even written in the official history of the government of the time by the government's appointed historian! Fact!

Originally Posted by Martin2005
Ultimatley you don't give a flying *** about anything but moaning and whining about the world. You have no answers, no solutions, nothing positive to saying about anything or anyone. It's not the world that broken, it's you.

Why don't you go and see a shrink, I'm sure you'd be good business for them
Why would I need a shrink when your (very) amateur psychology is so enlightening. The biggest laugh about your patronising little rant is you are the one who never offers an answer instead just trotting out your usual 'no it isn't' and 'you're wrong' retorts!

The UK is basically finished with a corrupt media, self serving lying politicians and a broken judicial system and accepting little sheep like you are a big part of the reason why!

Finally let's not forget that the taxpayer has been short changed by up to 1 billion pounds .... yet you, like your beloved politicians, seem untroubled by this instead berating those of us who are. Think how much good that would have done for whatever overseas aid drum it is you are banging this week!

Last edited by f1_fan; 12 July 2014 at 12:48 AM.
Old 12 July 2014, 08:46 AM
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On the other hand if the shares were placed at a higher value, then would joe public, knowing he's not going to make a quick buck have bought into it? I doubt it.

I did, did you F1?


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