Tax Grab4 Dec 2020 12:48
Welll – That`s me sold out of Orsted 100% today - A great pity because I love the Co and I had this one down for my long term pension plan, but the Danish Govts cash grab plans have put that one off the table
The Danish Govt own more than 50% of the company and obviously by this latest move are now looking at the Co as an ongoing Cash Cow, rather than as an independent Co - Frankly I think political/national greed is involved here - All share holders should have been looking forward to a rising Capital value (SP) and rising dividends - The Danish Govt now seems to have its eyes on reaping their own extra "Tax” dividend with other shareholders being unfairly excluded
Orsted should have had an enviable future ( It may still have) but with the dead hand of Govt interference/greed then that is now in question for me
The Danish Govt has seen the potential for increasing takings here & given Orsted valuable Sea Bed real Estate value and future pipeline of same, it has made its move - Likely a win win for them as this move could also crash the SP and allow them to get 100% of the Co on the cheap - Too much risk for other shareholders here now - I smell a potential and serious mugging in the offing – It has already started