How often do you hear people talk about “5 safest stocks for your retirement income” or “permanent stock portfolio”? What if the company wants to take back the chips and does not allow you to trade their stocks any more?
I have repeatedly said in my blog that you have no control over long-term investment. Gone with the days where a good stock is there forever for your retirement. Because of the easy access to cash, many good companies may choose to privatise.
What is Privatisation
When a company lists on the stock exchange, it becomes a public company. Privatisation refers to the transfer of a business or company from public to private ownership and control.
Think about it, If you run a profitable business, would you want to share your profits with the world and be scrutinized every quarter when you announce your financial results?
Companies go for privatisation ......