Post# 1573038960

6-Nov-2019 5:16 pm


News : SoftBank reported $7b loss. First loss since 2005 dotcom burst.

That's one more sign of Saudi troubles ahead.

Next even if Saudi goes with its Aramco IPO and sells 2% share at $2 trillion valuation, that means $40b, while this year's budget deficit is $50b.

And then what's for next year? It will receive 2% less profit because of sold shares, and still none of the capital left.

6-Nov-2019 5:16 pm

Published
6-Nov-2019