Apple may be undervalued but if theres spare cash and there is best method is special dividend and let shareholders decide
A year after privatisation at 330p, Royal Mail shares stand at 402p. Thats an improvement of 22%, unexceptional by the standard of past government sell-offs. So was Vince Cable right all along? Was the states sale of a 60% stake in the postal service really a rip-roaring success that delivered fair value to taxpayers?
Those who rushed to judgment on the Royal Mail flotation a year ago are having to think again, said the business secretary himself in the Independent last week.
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