Railtrack has been a disastrous investment but a great advert for the benefits of collective investm...
Railtrack has been a disastrous investment but a great advert for the benefits of collective investments. For all those who put the one-time privatisation stock into their portfolios, often as a single company Pep, it has been a greater roller coaster ride than the stock market or UK equity funds could offer. Just before Railtrack went into administration last October, the shares were trading at around £2.80. They then disappeared into investment limbo, with the City putting a prospective value on them of anything between nothing and 70p. At best that is a fall of 75%. The U-turn by th...
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