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Phil 2
Posted: 06 February 2024 18:28:23(UTC)
#101

Joined: 20/07/2018(UTC)
Posts: 2,108
Mainly a rehash of earlier opinions, but might be interesting to some?

The sale of shares in NatWest to the general public could happen as early as June, UK Government Investments has confirmed.

UKGI, the company responsible for government investments, has been exploring a share sale since the chancellor announced plans last year.

The Chancellor of the Exchequer Jeremy Hunt unveiled plans in November for a potential retail sale within 12 months, with any divestment “subject to market conditions and achieving value for money”.

On Tuesday, Holger Vieten, who is in charge of selling the government's shares in NatWest, told MPs on the Treasury Select Committee that the process "potentially could happen" as early as June.

"The very earliest could be around summer time, but we don't have an exact date," the UKGI director said.

Sky News reported that M&C Saatchi has been hired to drive the advertising coverage of the share sale.

Banking sources said that Barclays had also been drafted in by government officials to work on the retail component of the share sale, which will be one of the most complex undertaken in Britain for years, Sky said.

Barclays and M&C join Goldman Sachs on the roster of so-called privatisation advisers to the government.

The government, which is NatWest’s biggest shareholder, held a stake of almost 36% as of 19 January, according to a recent filing.
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Keith Cobby
Posted: 06 February 2024 18:34:29(UTC)
#105

Joined: 07/03/2012(UTC)
Posts: 5,061

Thanks: 5958 times
Was thanked: 12438 time(s) in 3855 post(s)
The government should distribute £500 of shares to all adults on the electoral roll.
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3 users thanked Keith Cobby for this post.
Newbie on 06/02/2024(UTC), guantou on 06/02/2024(UTC), Busy doing nothing on 06/02/2024(UTC)
Newbie
Posted: 06 February 2024 18:50:54(UTC)
#108

Joined: 31/01/2012(UTC)
Posts: 3,816
Keith Cobby;295345 wrote:
The government should distribute £500 of shares to all adults on the electoral roll.

Very good idea - in fact excellent. - Tie it in with the British / UK ISA and make them hold it for at least a year or so. Then no one can claim the investing is only for certain quarters.
If the recipient decides to cash in to buy buy fags and booze then at least the tax receipts will go back to the government and they can also pay a penalty to get out.
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Phil 2
Posted: 06 February 2024 22:34:23(UTC)
#109

Joined: 20/07/2018(UTC)
Posts: 2,108
Newbie;295348 wrote:
Keith Cobby;295345 wrote:
The government should distribute £500 of shares to all adults on the electoral roll.

Very good idea - in fact excellent. - Tie it in with the British / UK ISA and make them hold it for at least a year or so. Then no one can claim the investing is only for certain quarters.
If the recipient decides to cash in to buy buy fags and booze then at least the tax receipts will go back to the government and they can also pay a penalty to get out.


Or buy food and something towards their fuel bill arrears?
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1 user thanked Phil 2 for this post.
Shetland on 06/02/2024(UTC)
Thrugelmir
Posted: 06 February 2024 22:59:31(UTC)
#106

Joined: 01/06/2012(UTC)
Posts: 5,318
Keith Cobby;295345 wrote:
The government should distribute £500 of shares to all adults on the electoral roll.


Helicopter dropping of cash into the economy would do little to aid the quelling of inflation.
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ANDREW FOSTER
Posted: 06 February 2024 23:16:38(UTC)
#102

Joined: 23/07/2019(UTC)
Posts: 8,103
Phil 2;295344 wrote:
Mainly a rehash of earlier opinions, but might be interesting to some?

The sale of shares in NatWest to the general public could happen as early as June, UK Government Investments has confirmed.

UKGI, the company responsible for government investments, has been exploring a share sale since the chancellor announced plans last year.

The Chancellor of the Exchequer Jeremy Hunt unveiled plans in November for a potential retail sale within 12 months, with any divestment “subject to market conditions and achieving value for money”.

On Tuesday, Holger Vieten, who is in charge of selling the government's shares in NatWest, told MPs on the Treasury Select Committee that the process "potentially could happen" as early as June.

"The very earliest could be around summer time, but we don't have an exact date," the UKGI director said.

Sky News reported that M&C Saatchi has been hired to drive the advertising coverage of the share sale.

Banking sources said that Barclays had also been drafted in by government officials to work on the retail component of the share sale, which will be one of the most complex undertaken in Britain for years, Sky said.

Barclays and M&C join Goldman Sachs on the roster of so-called privatisation advisers to the government.

The government, which is NatWest’s biggest shareholder, held a stake of almost 36% as of 19 January, according to a recent filing.


Why have a special sale?

Why can't they just slowly sell the shares off like anyone else? Is there some legal reason?
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Thrugelmir
Posted: 06 February 2024 23:24:03(UTC)
#103

Joined: 01/06/2012(UTC)
Posts: 5,318
ANDREW FOSTER;295366 wrote:
Phil 2;295344 wrote:
Mainly a rehash of earlier opinions, but might be interesting to some?

The sale of shares in NatWest to the general public could happen as early as June, UK Government Investments has confirmed.

UKGI, the company responsible for government investments, has been exploring a share sale since the chancellor announced plans last year.

The Chancellor of the Exchequer Jeremy Hunt unveiled plans in November for a potential retail sale within 12 months, with any divestment “subject to market conditions and achieving value for money”.

On Tuesday, Holger Vieten, who is in charge of selling the government's shares in NatWest, told MPs on the Treasury Select Committee that the process "potentially could happen" as early as June.

"The very earliest could be around summer time, but we don't have an exact date," the UKGI director said.

Sky News reported that M&C Saatchi has been hired to drive the advertising coverage of the share sale.

Banking sources said that Barclays had also been drafted in by government officials to work on the retail component of the share sale, which will be one of the most complex undertaken in Britain for years, Sky said.

Barclays and M&C join Goldman Sachs on the roster of so-called privatisation advisers to the government.

The government, which is NatWest’s biggest shareholder, held a stake of almost 36% as of 19 January, according to a recent filing.


Why have a special sale?

Why can't they just slowly sell the shares off like anyone else? Is there some legal reason?




The process has already lasted years. Is slow, labourious and expensive.

Would be beneficial to NatWest in terms of raising equity etc. Higher free float would be more attractive to tracker funds.
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Keith Cobby
Posted: 07 February 2024 07:28:39(UTC)
#107

Joined: 07/03/2012(UTC)
Posts: 5,061

Thanks: 5958 times
Was thanked: 12438 time(s) in 3855 post(s)
Thrugelmir;295365 wrote:
Keith Cobby;295345 wrote:
The government should distribute £500 of shares to all adults on the electoral roll.


Helicopter dropping of cash into the economy would do little to aid the quelling of inflation.


Not the objective. It might inject a little impetus into the moribund UK market and encourage more people to start investing in the same way that the privatisations did in the 1980s.
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1 user thanked Keith Cobby for this post.
guantou on 07/02/2024(UTC)
Phil 2
Posted: 07 February 2024 07:37:03(UTC)
#110

Joined: 20/07/2018(UTC)
Posts: 2,108
I strongly suspect this ailing and deservedly, deeply unpopular government might be selling us the only reasonably liquid asset it owns - back to the uk population… who already own it. Ie it’s an election year!
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1 user thanked Phil 2 for this post.
ANDREW FOSTER on 07/02/2024(UTC)
ANDREW FOSTER
Posted: 07 February 2024 08:40:54(UTC)
#104

Joined: 23/07/2019(UTC)
Posts: 8,103
Thrugelmir;295367 wrote:
ANDREW FOSTER;295366 wrote:
Phil 2;295344 wrote:
Mainly a rehash of earlier opinions, but might be interesting to some?

The sale of shares in NatWest to the general public could happen as early as June, UK Government Investments has confirmed.

UKGI, the company responsible for government investments, has been exploring a share sale since the chancellor announced plans last year.

The Chancellor of the Exchequer Jeremy Hunt unveiled plans in November for a potential retail sale within 12 months, with any divestment “subject to market conditions and achieving value for money”.

On Tuesday, Holger Vieten, who is in charge of selling the government's shares in NatWest, told MPs on the Treasury Select Committee that the process "potentially could happen" as early as June.

"The very earliest could be around summer time, but we don't have an exact date," the UKGI director said.

Sky News reported that M&C Saatchi has been hired to drive the advertising coverage of the share sale.

Banking sources said that Barclays had also been drafted in by government officials to work on the retail component of the share sale, which will be one of the most complex undertaken in Britain for years, Sky said.

Barclays and M&C join Goldman Sachs on the roster of so-called privatisation advisers to the government.

The government, which is NatWest’s biggest shareholder, held a stake of almost 36% as of 19 January, according to a recent filing.


Why have a special sale?

Why can't they just slowly sell the shares off like anyone else? Is there some legal reason?




The process has already lasted years. Is slow, labourious and expensive.

Would be beneficial to NatWest in terms of raising equity etc. Higher free float would be more attractive to tracker funds.


It's one trader or even an automated sale. Not expensive at all.

And NatWest doesn't get any equity from this, it's just existing share changing hands.

And formal sale just means fat commissions for someone, somewhere. Underwriters, discounts etc. that simply don't exist with a drip feed sale.
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1 user thanked ANDREW FOSTER for this post.
Phil 2 on 07/02/2024(UTC)
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