Tradefair & Financials

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27 Jan 16 21:30
Date Joined: 12 May 01
| Topic/replies: 6,051 | Blogger: bongo's blog
Sells the remaining stake in Royal Mail in the high 400s, now low 400s
Sells about half the govt stake in Lloyds in the 70s, now in the 60s
Sells a decent portion of RBS in the 300s, now 250ish.

Not an unblemished record, but whoever is behind this is either very good with public money, or very lucky.
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Report Dr Crippen February 2, 2016 9:02 AM GMT
Market conditions.
If just the shares in those companies had flopped their might be something in what you say, but the whole market has dropped.
I notice they've postponed the sale of the Lloyds shares because of the slump in prices. So they probably didn't see the falls coming or they might have waited before they announced the sale.
Report treetop February 4, 2016 7:58 PM GMT
I reckon anyone in the Treasury selling big chunks of those shares would create massive downward momentum that would make it self fulfilling.Anyone in the know would only need to open a short to guarantee making good money too,the benefits of being 'in the know'.
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