The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Barclays overweight target 110 seems to be the driver.
Yup it's the NWG share sale.
Thought it would be all over by June but scurrilous rag suggests that sale in June will be for part not whole government holding, with overhang depressing sp ad infinitum ...
Rag rates NWG as Hold, citing uncertainty about who Hey Ho appoints as CEO and changing financial outlook with falling interest rates/NIM. Not all bad, seems NWG will benefit from structural hedge.
If scurrilous rag to be believed ...
Chancellor expected to launch share sale in June to have enough cash to bribe public and win election (help revive investment in the stock market and bolster public finances).
Proposed retail offering is undergoing market research to assess public attitude.
NWG shares were bought at 500p, current price 224p, value £20 bill.
Research group to provide feedback by 31 Jan, final report February 9.
Full steam ahead or emergency stop ?
Quote from Bimbo the Treasury Minister to Bloomburger. Reckons prospects for a retail sale are “looking good”, government is predicting a pickup in listing activity, and NWG sale will help catalyze “animal spirits” in the wider market !