What does this mean
It means we are desperate for money as we are skint. Admin 2 etcWhat does this mean
Mine also hope wattie and souness still have some of there ebt cash left to investWe're pure skint man.......
Who would be the "group" of shareholders determined by the board?
May I say, excellent timing, right after the timmysphere having a collective arse collapse last night.
This should add nicely to the sight of us in their rear view mirror.
What does this mean
I don’t know if I can afford to take part, didn’t fiddle my taxes this year so a bit short
I don't understand share issues.
I always thought the shares in a company added up to the value of the company in effect.
so if theres 7 million shares in total and they are going for a tenner each then that because the company/club is worth 70 million.
i know thats over simplified but thats correct isnt it?
so then what is a share issue? the company just prints another 7 million shares and sells them? doesnt that mean the value of existing shares will likely be halved overnight?
I don't understand share issues.
I always thought the shares in a company added up to the value of the company in effect.
so if theres 7 million shares in total and they are going for a tenner each then that because the company/club is worth 70 million.
i know thats over simplified but thats correct isnt it?
so then what is a share issue? the company just prints another 7 million shares and sells them? doesnt that mean the value of existing shares will likely be halved overnight?
Great news, would be brilliant if Club1872 could get to their target of £1m in time for the share issue
In your example the 7 million new shares that are printed would raise £70m in cash if sold at £10 a share.. If you add this £70m new cash to the original £70m value of the company it comes to £140m, but you now have a total of 14m shares. Divide the £140m by the 14m shares and it still comes to £10 a share.
Rangers will have a value of assets, but some of the assets will be offset by a level of debt to the 4 Bears giving a net figure. It is this net figure divided by the current number of shares in issue which in theory gives you the current share price.
If you issue more shares to clear the debt the the value will be all the assets without any debt divided by the higher number of shares and should still give you the same theoretical price per individual share.
Obviously there are other factors to be considered such as goodwill and blind faith, but the basic principle should apply
I hope that this helps
Anyone remember how much the share issue raised under CG? Still boils my blood thinking of how it was wasted and spent on dodgy directors
A simple question to Club 1872, can you pay a year in advance the 12x5 as £60.00 gets more funds in for shares as we were thinking about enrolling our Grandchildren in?
I dont know much about this stuff so could sombody help me out please.
I dont have any shares so i take it i cant get involved in this?
Take it this is for the large shareholders.
my reading of the op is that its not a sale to all existing shareholders on a pro rata as previous ones have been.Will individuals with minimal shareholdings be able to invest in this one?
Take an EBT mate.
It’s cool, everyone is doing it.
Too true, bring it on.Great news, have no doubt smaller shareholders like myself would be interested in purchasing more. Onwards and upwards.
I don’t know if I can afford to take part, didn’t fiddle my taxes this year so a bit short
It means we are desperate for money as we are skint. Admin 2 etc
For regulatory, cost and timing reasons (i.e. the regulatory hassle, cost and time to produce a prospectus and put it through the UK Listing Authority) I would be very surprised if a share issue was made directly available to all shareholders and to non shareholders. Indeed the notification posted by the OP makes it clear that what is proposed is a non pre-emptive placing to a limited number of shareholders. Non pre-emptive means that shareholders will not have the right to take up their pro rata share of any share issue.A share issue ought to be available to ALL shareholders and I expect it to be so - non Shareholders can pick up those shares that current shareholders choose not to buy- I will be buying having already invested £500 that CG squandered
A share issue ought to be available to ALL shareholders and I expect it to be so - non Shareholders can pick up those shares that current shareholders choose not to buy- I will be buying having already invested £500 that CG squandered
I am not ITK in the way that you may well be, but what you say makes perfect sense to me. Indeed £500k for fees would in my experience be on the low side - the reporting accountants', legal and financial adviser/broker fees on a fundraising involving a prospectus are very significant indeed.I understand that to produce a proper prospectus that would satisfy regulations to make an open offer would cost around half a million in fees.
So I expect the forthcoming share issue to convert outstanding loans to shares and some existing shareholders to maintain or increase their shareholdings. In other words, we dilute the Spivs out of existence.
Within a few years I expect another share issue once all legal issues have been tidied up and the club's finances have been ticking along nicely and providing a track record making us credible recipients of investment money on a bigger scale.