By Nigel Somerville | Sunday 13 September 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Tom Winnifrith has been railing against Innovate UK with regard to splurging taxpayer cash on less that wholly deserving applications for funding from companies which could turn to the public markets or which have returned time and time again for more taxpayer cash with no discernible advance shown from the last payout. Today I turn to the Rolls-Royce of taxpayer cash consumption. It is indeed Rolls Royce (RR.)
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