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Post by Deleted on Aug 4, 2015 23:04:02 GMT 1
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Post by Deleted on Aug 4, 2015 23:56:23 GMT 1
Par for the course with this Government . What's the p**s poor excuse this time .
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Post by camdenshrew on Aug 5, 2015 4:47:58 GMT 1
So after the taxpayer bailed out the bank, we are giving it back to the people who caused the mess in the first place at a loss?And George Osborne is being hailed as some sort of political giant?
Stop the world, I want to get off.
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Post by shrewinjapan on Aug 5, 2015 5:17:25 GMT 1
www.bbc.com/news/uk-33641889this kind of thing hardly helps the public coffers either - ministers throwing away millions of pounds against the advice of their civil servants.
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Post by Deleted on Aug 5, 2015 7:19:14 GMT 1
They still own 73% of it though.
Bunch of socialists......
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Post by percy on Aug 5, 2015 7:29:35 GMT 1
Not really the full picture to look at the trading loss on a small fraction of a non-yielding portfolio that was not bought for profit. Particularly at a time when the owner is trying to pay down debt which has a service charge. Even if it were a "for profit" trading portfolio the shares are valued at a market rate - if there was a guarantee that the price would be higher in the future then there would be arb traders making sure that the price today went up to reflect that (and the time value of money for the pedants). Even the best traders in the market trade out positions at a loss when needs be. The comment in the BBC article from the Investec guy is appauling for someone who claims to be an investment professional and I can only assume he has been quoted out of context to support the BBCs story, has been made up, or he has nothing to do with equity markets.
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Post by jamo on Aug 5, 2015 7:37:26 GMT 1
Can someone remind me if we are all still in this together . Or have we moved on ?
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Post by andygroundo on Aug 5, 2015 8:08:20 GMT 1
Can someone remind me if we are all still in this together . Or have we moved on ? Think WE have moved on. Not sure what to!
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Post by Matster on Aug 5, 2015 8:47:11 GMT 1
Gordon Brown sells gold at a future loss of £2 billion George Osborne sells RBS shares at a loss of £2.1 billion at current prices.
I think that makes them evens doesn't it?
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Post by Deleted on Aug 5, 2015 9:06:51 GMT 1
Not really the full picture to look at the trading loss on a small fraction of a non-yielding portfolio that was not bought for profit. Particularly at a time when the owner is trying to pay down debt which has a service charge. Even if it were a "for profit" trading portfolio the shares are valued at a market rate - if there was a guarantee that the price would be higher in the future then there would be arb traders making sure that the price today went up to reflect that (and the time value of money for the pedants). Even the best traders in the market trade out positions at a loss when needs be. The comment in the BBC article from the Investec guy is appauling for someone who claims to be an investment professional and I can only assume he has been quoted out of context to support the BBCs story, has been made up, or he has nothing to do with equity markets. Nope, didn't understand a word of that. Run it past me again in "commoner"
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Post by shrewinjapan on Aug 5, 2015 9:52:41 GMT 1
Not really the full picture to look at the trading loss on a small fraction of a non-yielding portfolio that was not bought for profit. Particularly at a time when the owner is trying to pay down debt which has a service charge. Even if it were a "for profit" trading portfolio the shares are valued at a market rate - if there was a guarantee that the price would be higher in the future then there would be arb traders making sure that the price today went up to reflect that (and the time value of money for the pedants). Even the best traders in the market trade out positions at a loss when needs be. The comment in the BBC article from the Investec guy is appauling for someone who claims to be an investment professional and I can only assume he has been quoted out of context to support the BBCs story, has been made up, or he has nothing to do with equity markets. Nope, didn't understand a word of that. Run it past me again in "commoner" Essentially, they didn't buy the bank shares with profit in mind, they don't get anything while holding them and at the same time they have to pay interest on the public debt. There is no guarantee the shares will significantly increase in value in future, and if that is likely it would already be showing in increased market value. So it is possibly better to sell at a slight loss now and pay down some of the debt. Or something like that
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Post by Deleted on Aug 5, 2015 10:42:38 GMT 1
Nope, didn't understand a word of that. Run it past me again in "commoner" Essentially, they didn't buy the bank shares with profit in mind, they don't get anything while holding them and at the same time they have to pay interest on the public debt. There is no guarantee the shares will significantly increase in value in future, and if that is likely it would already be showing in increased market value. So it is possibly better to sell at a slight loss now and pay down some of the debt. Or something like that Oh I get ya, thanks SIJ. Well if that's the case, and with reference to the other thread that Maggie Downward started, the NHS was not created with profit in mind, yet it seems to be the way we are being expected to work.
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Post by Deleted on Aug 5, 2015 11:16:18 GMT 1
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Post by Deleted on Aug 5, 2015 11:31:35 GMT 1
Oh I get ya, thanks SIJ. Well if that's the case, and with reference to the other thread that Maggie Downward started, the NHS was not created with profit in mind, yet it seems to be the way we are being expected to work. Stop putting words into my mouth.... I said they should stop wasting the resources on crap....
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Post by Deleted on Aug 5, 2015 11:55:33 GMT 1
Gordon Brown sells gold at a future loss of £2 billion George Osborne sells RBS shares at a loss of £2.1 billion at current prices. I think that makes them evens doesn't it? and the coalition undersold Royal Mail by at least £1bn, Osborne back in the lead!
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Post by Deleted on Aug 5, 2015 12:08:17 GMT 1
Oh I get ya, thanks SIJ. Well if that's the case, and with reference to the other thread that Maggie Downward started, the NHS was not created with profit in mind, yet it seems to be the way we are being expected to work. Stop putting words into my mouth.... I said they should stop wasting the resources on cr@p.... No you didn't. You said "I'm a big girly tory, and Matron is ace"
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Post by Deleted on Aug 5, 2015 12:21:58 GMT 1
Gordon Brown sells gold at a future loss of £2 billion George Osborne sells RBS shares at a loss of £2.1 billion at current prices. I think that makes them evens doesn't it? and the coalition undersold Royal Mail by at least £1bn, Osborne back in the lead! nope the exaggeration has gone up 1 billion form the actual figure quoted..... and that is less than 24 hours after the sell back.... so master was being very selective in his estimations The government has begun its sell-off of shares in part-nationalised lender Royal Bank of Scotland, raising £2.1bn, a third below the price it paid. It sold a 5.4% stake at 330p a share, a 7.6p discount on Monday's closing price. Chancellor George Osborne is facing criticism for selling the shares at well below the price of about 500p the then Labour government paid for them. The 170p difference represents a loss of about £1.07bn on the shares sold.
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Post by Deleted on Aug 5, 2015 14:19:02 GMT 1
Predicted cuts to the welfare budget £12 billion. Predicted loss on the total sales of RBS shares £13 billion. (Private Eye a few weeks ago)
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Post by Deleted on Aug 5, 2015 18:02:24 GMT 1
Predicted cuts to the welfare budget £12 billion. Predicted loss on the total sales of RBS shares £13 billion. (Private Eye a few weeks ago) oh, must be true then!!
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Post by Deleted on Aug 5, 2015 18:06:11 GMT 1
Predicted cuts to the welfare budget £12 billion. Predicted loss on the total sales of RBS shares £13 billion. (Private Eye a few weeks ago) oh, must be true then!! More truth in PE than any of the daily or Sunday newspapers. Often they jump on the bandwagon months after Private Eye.
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Post by Deleted on Aug 5, 2015 18:07:18 GMT 1
More truth in PE than any of the daily or Sunday newspapers. Often they jump on the bandwagon months after Private Eye. great....
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Post by SeanBroseley on Aug 5, 2015 20:36:03 GMT 1
A capital loss to one part of government denominated in the currency issued by another part of the government.
Therefore this has no relevance to cutting of the social security budget. The social security budget cut is a political choice not a question of a shortage of money.
It also has no relevance to paying down government debt. The government debt is denominated in that self same currency
The Investec analyst is incorrect in thinking this is taxpayers money. It's government money and the government is deciding to take some of it back in return for shares - as opposed to taking it back in the form of taxes or by selling gilts.
Of course the shareholders of RBS should have lost everything - but that's a different story.
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Post by camdenshrew on Aug 6, 2015 6:10:19 GMT 1
And here we go again.....http://www.independent.co.uk/news/business/news/rbs-selloff-hedge-funds-investigated-for-making-millions-at-the-taxpayers-expense-10441505.html
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