Undervaluing Royal Mail shares costs taxpayer £750m in one day.

[merehazle]

More than enough to build to build a major general hospital.

Oh what a surprise. Well not for 75% of the British population who believe that this government is profiteering with its pals. And they suggest we all pay £10 for NHS.

Trust the Liberals to do the Tories dirty work for them, and willingly. 

This awful government just ignores the criticism and carries on regardless. Oh well they can cut a few more benefits and make the disabled pay for it. The important thing is the City boys are well pleased. If only we could sell politicians off! but who would buy them?  And WHY do we???

[millielilac]

My friend who is a postie is also well pleased as he was able to buy the maximum allowed £10,000 plus he was awarded free shares.

Not quite up there with the big boys but still a nice little earner.....

However it does seem that the shares were seriously under valued......and it does appear to be true that a vast number of ordinary people who bought the shares sold them on very quickly to make a quick profit .....

[joe_bloggs*]

Yes,some did very well out of it,Take Peter Davies who sits on the management committee of Lansdowne Partners, which snapped up shares at the offer price of just 330p. They are now trading at 564, making profits of £36m !

Oops,i nearly forgot to mention that Peter Davies was Osbornes best man and good friend from university,I should also add that Lansdowne’s former chief exec was awarded a knighthood in 2012 after donating £500,000 to the Conservative Party.

Certainly all in it together aren't they?