Glaxosmithkline Share Price (GSK)

Class actions, typically American, are very difficult to prejudge ad BP famously discovered

She is slowly coming back up again , has anybody seen any time line when the appeal against these Ambulance chasers and judge takes place ? .Thats the time to be in cash for a few months , if we loose that GSK is toast and open to every nutter and ambulance chaser for decades . .I hope they are actually checking every single person who even claims to have taken the drug ? finding 70k people allegedly with cancer caused only by GSK drugs beggars realistic belief anyway .I'm sure a lot of brown envelopes to alleged key prosecution witnesses and 'alleged experts' are being handed out right now, just say this and we will see you alright . Hate to say it, and I know its the principle , but it may be worth GSK paying out a few hundred million now as its cheaper than share holders loosing billions later ! .I am sure horse trading is being considered right now . Its also about time any firm doing business in America either pulls out or provides far more robust protection to share holders.

Compensation culture in the western world has gone mad.

Fire fighters 100 in total £20 million for just doing their job.

£4.6 million pay out for councillor for just doing her job.

All too traumatised to work again. All related to Grendfell Towers.

I have been on Zantac for years now I am forced onto other drugs that will be more risk of side effects than Zantac.

Where is my compensation?

On point 1. Beyond dumb.

If you have an annuity of £100 per year and are fined £10 as a one off the annuity does not become £90.

Not 'Insanity'....but you make a common mistake...

1. It is nonsense that somehow, say, a $16bln liability can be adjusted by a $16bln adjustment in the market cap!! The market cap is LEVERED money chasing the companies earnings. i.e. a 10 imes P/E means if billions are taken from earnings - cutting GSK earnings by half, the marketcap has to half to stay at the same P/E...

2. That was before the Delaware Judge ruled the scientific evidence of causing cancer is valid and 70,000 cases can now goto Jury trials.

Bayer's product roundup - the cases went to jury trials - has had to set aside $16 bln (of which 10bln has already been awarded)

Bayer's shareprice went from 120 euros to 26 Euros as billions upon billions were awarded to individuals by sobbing jurys on the weakest of evidence. It's marketcap didn't go from 120bn to 104bln - it went from 120bln to 30bln!