Admin phantom Posted October 18, 2019 Admin Report Share Posted October 18, 2019 Link to comment Share on other sites More sharing options...
And Its Smith Posted October 18, 2019 Report Share Posted October 18, 2019 Mr Lansdown is offering £1 per share but I think people have bought shares for more than that. Confused why fans would want to sell at a loss. Maybe someone can explain Link to comment Share on other sites More sharing options...
Denbury Red Posted October 18, 2019 Report Share Posted October 18, 2019 Like many companies - why can’t there be a Rights Issue - ie give existing share holders the option to buy shares more based on their existing holding - then - if a shareholder doesn’t want to buy the extra shares Steve can buy the Rights issue and the existing holder can retain their current share holding - albeit at a lesser value overall. where it’s been stated that many have shares for sentimental reasons the actual value of each share is not that important. This would surely satisfy both the existing shareholders and the Lansdowns?? Link to comment Share on other sites More sharing options...
Clevedon Red Posted October 18, 2019 Report Share Posted October 18, 2019 Think i paid £10 a share. Link to comment Share on other sites More sharing options...
SC&T Board Members Blagdon red Posted October 18, 2019 SC&T Board Members Report Share Posted October 18, 2019 In terms of having any influence over how the business is run the shares held by the minority shareholders are worthless, so if the offer is £1 per share, that is a lot better than what they are 'worth' (sentimental value aside). Link to comment Share on other sites More sharing options...
RightUpInCider Posted October 18, 2019 Report Share Posted October 18, 2019 Did I hear that right, 117m shares at £1 per share!?! That’s a lot of cash! Begs the question.... why? Link to comment Share on other sites More sharing options...
Port Said Red Posted October 18, 2019 Report Share Posted October 18, 2019 2 minutes ago, RightUpInCider said: Did I hear that right, 117m shares at £1 per share!?! That’s a lot of cash! Begs the question.... why? Investment for the extension of the stadium complex? Link to comment Share on other sites More sharing options...
And Its Smith Posted October 18, 2019 Report Share Posted October 18, 2019 It seems like Mr Lansdown hopes people will agree to sell for £1 to do the club a favour. Link to comment Share on other sites More sharing options...
RightUpInCider Posted October 18, 2019 Report Share Posted October 18, 2019 I listened again and whilst not clear it could be more like 117m shares in total, with 3% owner by other shareholders... so it’s “only” costing him £3.9m.... not £117m!!! Link to comment Share on other sites More sharing options...
SC&T Board Members Blagdon red Posted October 18, 2019 SC&T Board Members Report Share Posted October 18, 2019 3 minutes ago, RightUpInCider said: I listened again and whilst not clear it could be more like 117m shares in total, with 3% owner by other shareholders... so it’s “only” costing him £3.9m.... not £117m!!! Sounds more like it. A short time ago, I was told that the total number of shares in issue was 106,550,622, so 117m now is not a great leap forward. 97% owned by SL and 3% by others sounds plausible. So £3m odd to wipe up the stragglers seems about right. The only reason not to sell is sentiment. Link to comment Share on other sites More sharing options...
Dorset_Cider Posted October 18, 2019 Report Share Posted October 18, 2019 Hmmm, gut reaction as 'MINORITY' share holder, naa I don't think so Steve. Link to comment Share on other sites More sharing options...
Admin phantom Posted October 18, 2019 Author Admin Report Share Posted October 18, 2019 To me if people were keeping shares for sentimental reasons surely they'll want to keep them for that very reason? The money isn't really relevant I'm not sure having yet another "wall" with names on is the answer? Link to comment Share on other sites More sharing options...
Dorset_Cider Posted October 18, 2019 Report Share Posted October 18, 2019 All in all, you're just another brick in the wall............ if you do Link to comment Share on other sites More sharing options...
AshtonPark Posted October 18, 2019 Report Share Posted October 18, 2019 Why is there a need for Steve to spend £3million on an attempt for complete control? Surely the 3% makes no difference ? Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 18, 2019 Report Share Posted October 18, 2019 Probably a legal requirement based on more unissued shared being purchased by Pula. SL makes a generous offer for those shares floating about in private hands, knowing that the shares are effective worthless and are held for sentimental reasons, and given the way holdings have been diluted over the years, thanks to the Lansdowns and their continued investment, it's a generous offer than I can't imagine anyone will take! Link to comment Share on other sites More sharing options...
SC&T Board Members Blagdon red Posted October 18, 2019 SC&T Board Members Report Share Posted October 18, 2019 4 minutes ago, AshtonPark said: Why is there a need for Steve to spend £3million on an attempt for complete control? Surely the 3% makes no difference ? Just to tidy up financial loose ends, I think. And to get rid of any potentially irksome minority shareholders. Link to comment Share on other sites More sharing options...
Dorset_Cider Posted October 18, 2019 Report Share Posted October 18, 2019 5 minutes ago, Blagdon red said: Just to tidy up financial loose ends, I think. And to get rid of any potentially irksome minority shareholders. Yep, I like that 'irksome' kinda has a good ring to it Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 18, 2019 Report Share Posted October 18, 2019 2 minutes ago, Blagdon red said: Just to tidy up financial loose ends, I think. And to get rid of any potentially irksome minority shareholders. I have a feeling (based on some dim and distant knowledge), that once a shareholder reaches 'x'% they are obliged to invite other shareholders to sell their shares to them (making the company private), chances are, SL needs to inject some significant cash in the club over the next 18 months and a share issue is his best option, so he makes the offer knowing no one will accept it (for reasons of sentiment), which leaves him clear to buy however many shares by way of new investment to keep us solvent. Link to comment Share on other sites More sharing options...
Dorset_Cider Posted October 18, 2019 Report Share Posted October 18, 2019 And I would have gotten away with it too, if it weren't for you meddling 'irksome' minority share holders . Link to comment Share on other sites More sharing options...
Admin Maesknoll Red Posted October 18, 2019 Admin Report Share Posted October 18, 2019 I doubt I could sell him my shares, as I have no idea where the share certificates are. Link to comment Share on other sites More sharing options...
RedM Posted October 18, 2019 Report Share Posted October 18, 2019 1 hour ago, Clevedon Red said: Think i paid £10 a share. I certainly remember mine were. I think I got 5 or 10. Which was a lot of money for me back then. I think being a shareholder entitled me once to get priority in our Freight Rover Wembley match or something. I certainly would keep rather than sell for £1 each Link to comment Share on other sites More sharing options...
SC&T Board Members Blagdon red Posted October 18, 2019 SC&T Board Members Report Share Posted October 18, 2019 2 minutes ago, Maesknoll Red said: I doubt I could sell him my shares, as I have no idea where the share certificates are. Doesn't matter. If you're on their register, you can still sell. Link to comment Share on other sites More sharing options...
Admin Maesknoll Red Posted October 18, 2019 Admin Report Share Posted October 18, 2019 5 minutes ago, Blagdon red said: Doesn't matter. If you're on their register, you can still sell. I can’t recall how many I have, I think it’s about 50, I’m not that desperate for 50 quid. If they went up to £100 a share, then I might be interested and sentiment could be forgotten Link to comment Share on other sites More sharing options...
ExiledAjax Posted October 18, 2019 Report Share Posted October 18, 2019 9 minutes ago, Maesknoll Red said: I doubt I could sell him my shares, as I have no idea where the share certificates are. Share certificates are just prima facie evidence. He'll ask you to execute an indemnity for the lost certificate but @Blagdon red is correct - if you;re on the register you can sell. Link to comment Share on other sites More sharing options...
REDOXO Posted October 18, 2019 Report Share Posted October 18, 2019 I have 50. Bought when 50 quid was a lot of money. For me its not about money, although it was about money for the club when I bought them. I just don’t know what to think right now. This is the first time my 50 have not been piled in behind SL! Link to comment Share on other sites More sharing options...
ExiledAjax Posted October 18, 2019 Report Share Posted October 18, 2019 16 minutes ago, Dorset_Cider said: Yep, I like that 'irksome' kinda has a good ring to it Not sure how irksome they can be though - surely the shares held by supporters are non-voting, or even if they are voting they can't block a special resolution (requiring 75% of shares to vote for it) so can barely stop anything happening so far as day-to-day management. Then there's bound to be drag-along provisions so that in the event of a complete sale of the club they'd all be compelled to sell. Suspect the only irksomeness would be that you could turn up at a shareholders' meeting and shout at SL. Link to comment Share on other sites More sharing options...
Admin Maesknoll Red Posted October 18, 2019 Admin Report Share Posted October 18, 2019 3 minutes ago, ExiledAjax said: Not sure how irksome they can be though - surely the shares held by supporters are non-voting, or even if they are voting they can't block a special resolution (requiring 75% of shares to vote for it) so can barely stop anything happening so far as day-to-day management. Then there's bound to be drag-along provisions so that in the event of a complete sale of the club they'd all be compelled to sell. Suspect the only irksomeness would be that you could turn up at a shareholders' meeting and shout at SL. It could be quite fun, if all but about 12 of us sell all our shares, we could become the irksome dozen and have convivial shareholders meetings, involving caviar canapés and champers.... Link to comment Share on other sites More sharing options...
SC&T Board Members Blagdon red Posted October 18, 2019 SC&T Board Members Report Share Posted October 18, 2019 2 minutes ago, ExiledAjax said: Not sure how irksome they can be though - surely the shares held by supporters are non-voting, or even if they are voting they can't block a special resolution (requiring 75% of shares to vote for it) so can barely stop anything happening so far as day-to-day management. Then there's bound to be drag-along provisions so that in the event of a complete sale of the club they'd all be compelled to sell. Suspect the only irksomeness would be that you could turn up at a shareholders' meeting and shout at SL. What shareholders' meeting? BCFC Holdings does not hold any these days, does it? Link to comment Share on other sites More sharing options...
Bristol Rob Posted October 18, 2019 Report Share Posted October 18, 2019 6 minutes ago, REDOXO said: I have 50. Bought when 50 quid was a lot of money. For me its not about money, although it was about money for the club when I bought them. I just don’t know what to think right now. This is the first time my 50 have not been piled in behind SL! I think it's more a legal requirement than a desire by Steve to get his mits on your shares. Link to comment Share on other sites More sharing options...
Flounder Posted October 18, 2019 Report Share Posted October 18, 2019 So a billionaire wants to buy my shares for a £1 each. Hmmm let me think nope. Link to comment Share on other sites More sharing options...
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