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MarjorieR /
npub1jfx…23ek
2024-01-28 12:04:28
in reply to nevent1q…a2gx

MarjorieR on Nostr: npub1fg4kr…822tg npub1g0tuf…3tvm4 Macquarie is justifiably known as the "Vampire ...

npub1fg4kr03rzkuy70tzdy2tljygwvt23emu2dxq3vazg8ly2wmxvcpsw822tg (npub1fg4…22tg) npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) Macquarie is justifiably known as the "Vampire Kangaroo".
Calling it as an infrastructure investor only identifies its targets, it's actually an asset stripper: through its 11 years shareholding in sewage swilling Thames Water all the companies modest investment was funded by upped charges and lots of new borrowing, resulting in 80% leverage, while it paid lots of dividends.
It then sold out before Offwat finally woke up to the bezzle and interest on Thames' debt soared.
Author Public Key
npub1jfx7eeqy98t2c0uw3qx49xeelq80ewf4t95se5z8fk3rn364jthqd323ek