Royal Mail privatised for up to £1.5bn less than its value

[eggraidonmojo]

Royal Mail privatised for up to £1.5bn less than City estimates of its value

Estimates of value ranged from £4bn to £4.8bn ahead of government selloff for £3.3bn, business department reveals

The furore over the sale of Royal Mail erupted again on Friday after it was revealed that investment banks have estimated the company's value at up to £1.5bn more than its privatisation price.

Figures released by the business department showed that of 21 City advisers that supplied early valuations in May, the average ranged from £4bn at the low end to £4.8bn at the top of the range. The government sold 60% of its stake in October in a privatisation that valued Royal Mail at £3.3bn.

Full article here: http://www.theguardian.com/uk-news/2014 ... ates-value" onclick="window.open(this.href);return false;

[El-Bandito]

It's closer to £15 billion. How can a company that 'can' generate profits up to a £billiiion a year only be valued at £3.3billion? A feckin 10 year old would tell you it's a steal. C*nts should swing for this.