Three like Railtrack
Article Abstract:
Railtrack was privatized by the UK government in May 1996. The company owns the bulk of the railroad infrastructure in the UK. Investors have been offered incentives such as a high dividend in order to sell the shares but political uncertainty could affect the shares. Six brokers have been surveyed on Railtrack shares and three rate them a buy, two rate them a hold, while the third rates them a sell. Panmure Gordon and Merrill Lynch are among the buyers, while Societe Generale Strauss Turnbull is the seller.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Amber for Railtrack
Article Abstract:
Railtrack shares have performed well since the company was privatized in May 1996. One broker from a sample of six brokers rates the company's shares a buy, with four rating them a hold and the sixth rating them a sell. The buyer is Merrill Lynch which sees concern over political risk as exaggerated. Holders include ABN AMRO Hoare Govett, NatWest Securities and Yamaichi. The seller is SGST which is concerned about possible risks from a Labor government and the impact of capital spending on profits.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Which way Railtrack?
Article Abstract:
Railtrack has seen a rise in its share price following the company's flotation in May 1996. Two brokers from a sample of six rate the company's shares a buy, two rate them a sell, and two rate them a hold. The buyers are UBS which focuses on cost savings, and Greig Middleton. The holders are Williams de Broe and ABN-AMRO, and their concerns include the impact of a possible change in government. Kleinwort Benson and Societe Generale Strauss Turnbull.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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