RE: Waste of Time24 Feb 2021 19:36
Just utter tosh. The maximum allowed to PB was Euro8 million but in this case only £3 million was allocated to PB. It is all in favour of their city mates. We are treated like cheap underwriters - if their city mates don't take up their allocation then they dumped it on us. I intend to write to PB to complain. Whilst I understand this is beyond PB's control they should come to an agreement in advance on a method of allocating shares to their clients before undertaking to use us as cheap underwriters.