Do you recall the British Leyland Motor Corporation? Back in the 1970s they were asked by the BBC if they had a slush fund for dealing with Middle East markets. They sniffily replied they did not. I commented at the time it was hardly surprising they were doing very little business there.
I am guessing/expecting a +2p as soon as a Greek deal is announced. Which means 90p. To be honest, I made 2 very big bad guesses. On results day, when it was +3%, I sold at just under 80p, but it went up a further 4.5%. I really thought labour would win, so I did not buy back, so I lost the 10p gain. I was extremely disappointed and sad at my own failings, and how badly I got it wrong.
Berlusconi..well. no surprise there. If the top man is doing that then I guess those around him were giving and taking plus all the rest thereafter . Then you can only look to those overseeing that aspect of the game and hope they are ok. It's endemic..Nigeria would grind to halt without bribes..from entry to the country to the regular police and uncle Tom Cobbly and all.. I recall a BAE deal with the Saudis and it was stated that bribes were the norm. I just think of there world's dispossessed struggling along on less than $2 a day when I see what's going on and doesn't have to be like this.
... Under control and the government reducing their holding all the time, the sp will only move one way. At times it may stagnate but I don't see a return on the cards to the low 80s or high 70s. Would take shocking news IMO. GLA.
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