RE: Strategy from here ?…17 Jul 2022 08:29
Common. Totally agree GLS is the cash cow. Obviously why the results are accounted separately. Far easier to spin off.
I'm waiting for the shorters to get back in. RMG would have had a much better start in life had it not been for the level of corruption when privatized.
Remember :-
Royal Mail was floated in 2013.
The sale was heavily oversubscribed by private investors, many of whom did not get all the shares they wanted because most were reserved for institutional investors such as BlackRock.
These priority investors were sold shares due to their supposed willingness to hold them long term.
But the National Audit Office has found most of them sold some or all their holdings within a few weeks, making a 'substantial' profit. For a supposedly loyal long-term investor such as BlackRock to short the shares takes matters a step further.
Former Chancellor George Osborne, who was in Number 11 at the time of the float, is now a part-time adviser at BlackRock.