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Royal Mail share allocated to "advisers" rise in value by £29m since floatation.

 http://www.theguardian.com/uk-news/2013/oct/25/royal-mail-shares-record-price


Royal Mail sell-off advisers allocated millions of shares


City advisers were given the opportunity to buy 13m shares in Royal Mail


 

The "advisers" including Goldman Sachs and UBS, advice to Vince Cable, results in the government selling the shares at a "discounted price" of £3.30. The "advisers" are allocated millions of shares which are now trading at £5.50 per share.
There is something very smelly about the whole privatisation of Royal Mail scam which has made hedge funds (one of which is now the major shareholder in the "new" Royal Mail), institutional investors, speculators and "advisers" all a very great amount of money, at the expense of the British taxpayers and the people who are (currently) working for Royal Mail.
Vince Cable and the ConDem coalition government, have some very serious questions to answer about this latest rip off of publicly owned assets. It is however highly unlikely that such questions will ever be asked.


 (Goldman Sachs and UBS declined to comment.)

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