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.
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.