Cash & carry?
As the Qataris are liquidating part of their stake in Barclays this morning to realise a gain of $1bn, the market is speculating that they'll use the proceeds to increase their stake in Sainsbury. Too bad the government has no gains on its bank stakes yet.
posted by Whispering Walls at 9:56 am
2 Comments:
So Tesco isn't leading in something for once. I don't the words "government" and "banks" should sit too closely together in sentences..
Many years ago, when involved in a Public Company, the Finance Director said to me " Ideally, we want to buy something, sell bits off so you have all the cash back and then hang on to whatever is left."
I have a saying, " Do we tell them the truth or take the money"
The answer to that one is easy...
Post a Comment
<< Home