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Pinewood investment defended again

The Treasury Minister has reiterated the nature of government share investments  this morning.

Eddie Teare was speaking in the Keys in response to a question about the value of Pinewood Shares from South Douglas MHK Kate Beecroft.

She wanted to know what caused a dip in value since the start of May.

Mr Teare acknowledged the shares fell from £4.62 on May 1st to £4.15 at the start of June.

However, he said last night the share price was up to £4.82 and pointed out the investment was a Tynwald decision not a government one.

 

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