From: john boyle 
Newsgroups: uk.finance
Subject: Re: endowment compensation???
Date: Tue, 7 Feb 2006 18:57:08 +0000

In message , "me@privacy.net" 
 writes
>In message , john boyle 
> writes
>>
>>The demutualisation will not delay the claim, in fact I reckon 
>>Standard want all these claims paid and off their books as soon as 
>>possible and preferably BEFORE demutualisation as it will effect the 
>>share price.
>>
>They haven't sent the voting papers out yet, but when they do, I feel 
>half inclined to vote against.  After all the board was advising how 
>terrible and awful it would be to demutualise at the stock market peak 
>a few years back and just about managed to get away with staying 
>mutual, then - a couple of years later, 'actually, now the company is 
>worth a lot less than when you all wanted to demutualise we think it 
>would be a really good idea now.'
>
That was before the Government stepped in and told them to secretly flog 
£8Billion of equities when the market was low and buy Government Bonds 
instead.

How will staying a mutual help it?
-- 
John Boyle