Guessing game
Article Abstract:
Railtrack may be floated by the UK government even if the goal of privatizing 51% or railroad operating concerns has not been achieved. Many bidders for these franchises are seen to possess an immature comprehension of the activity, according to the Office of Passenger Rail Franchising (OPRAF) in a leaked coument. There is such controversy surrounding the privatization of Railtrack that it will be difficult to value. Railtrack reported an operating profit of 305 million pounds sterling for the FY 1994 to 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Tall tales hit shares
Article Abstract:
Eurotunnel saw a drop in its share price in Aug 1995, and the French stock exchange regulator is examining allegations of insider trading. The Commission des Operations de Bourse (COB) is investigating trading in the company's shares by investment banks. The banks underwrote a May 1994 rights issue for Eurotunnel and share rpices dropped before the rights issue was announced. Eurotunnel is negotiating an agreement with the company's banks in 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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