acrossthepond
Active member
Dick Knight will step down as chairman and the Blooms will take control of the club.
You should all remember where you heard this news first
Why do I need to remember where I heard it first?
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Tony Bloom to take over? [Merged threads]
- Thread starter Norman Baker suck my lozenge
- Start date
Why do I need to remember where I heard it first?
Gritt23
New member
For all those wonderful "Where were you when you first heard about ......" conversations. While others throw in details of hearing about the 9/11 attacks, or the Berlin Wall coming down, you can throw in this one.
acrossthepond
Active member
Lord Bracknell
On fire
More or less. Pig City was the skateboard shop opposite the Level in Ditchling Road. The lads who built and maintained the awesome facilities on the Level used to spend a lot of time in the shop. Some of them might even have worked there.
Seagull over NZ
Well-known member
Pig City is Norman Cook, or at least the company that he owned 100% of. And did you know his middle name is Quentin
pishhead
Well-known member
Pig City is Norman Cook, or at least the company that he owned 100% of. And did you know his middle name is Quentin
Isn't Quentin his original first name?
Heffle Gull
JCL since 1979
Is a firm of accountants (Henley Hogben & Co I think).
I used to live next door at number 10.
Spiros
Well-known member
Quite common for a small limited company to have it's registered address as it's accountants' office as that's where they want the main tax notices, etc to go. Won't necessarily be where they operate from or are based
- Aug 8, 2005
- 26,570
Thats what they were last August. We won't know until this August how they have changed in the last year. My suspician is that they will have changed signifcantly.
wehatepalace
Limbs
Yes
Pretty sure it's £1 a share.
Buzzer
Languidly Clinical
- Oct 1, 2006
- 26,121
That's it's nominal value, not how much it is worth. Share valuation is an art not a science and can be calculated several ways based on things such as current fair value of all it's assets, a factor of future expected returns based on existi g profits etc.
On any reasonable basis I'd say that in the open market they are worthless.
*legal disclaimer. This is not investment advice blah blah*
Knotty
Well-known member
In what way?
Buzzer
Languidly Clinical
- Oct 1, 2006
- 26,121
If DK is being forced from the board he could insist that his shares are bought. Otherwise he could be a major thorn in any new decisions considering his voting power by virtue of his shares.
Also, loans owing to directors and others might have been converted into shares. They set up the framework for this recently. See a thread by Alex Dawson oo oo recently.
Also, loans owing to directors and others might have been converted into shares. They set up the framework for this recently. See a thread by Alex Dawson oo oo recently.
clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,341
In a theorectical situation, bearing in mind the shares are pretty much "worthless"
Could there be a motivation to convert loans to shares because you want to
1) Increase your relative holding and...
2) Decreased the relative holding of another
In other words - a tactical move to get rid of something else ?
Gazwag
5 millionth post poster
which means they are acting as Registered Office for the company, quite a common occurance
Edit: Although its not that firm actually, its another who I believe do have links with a certain DJ
Buzzer
Languidly Clinical
- Oct 1, 2006
- 26,121
In a word, yes.
My guess is though, that the loan stock hasn't been issued yet, let alone converted into shares. Once that's done then you don't get any interest on the loan and the debt is effectively paid.
I say worthless but mean by that, that if I were a neutral looking for a fair investment with a fair return based on my attitude to risk. The club is millions in debt and does not make a profit so in that sense it's worthless.
If however, I had other reasons for acquiring the shares then their worth is anybody's guess.
My gut feeling is, and this is only a gut feeling, that the money men at the club wield the true power despite their position or relative shareholding. If, and once again, this is me speculating, I wanted to take over the club and elbow DK out of the way then I would have to make it worthwhile to get him to stop being involved in the big boardroom decisions. A pay off of debts owed maybe or a juicy non-exec salary for say a few days work a year or pay over the odds for his shares.
My guess is though, that the loan stock hasn't been issued yet, let alone converted into shares. Once that's done then you don't get any interest on the loan and the debt is effectively paid.
I say worthless but mean by that, that if I were a neutral looking for a fair investment with a fair return based on my attitude to risk. The club is millions in debt and does not make a profit so in that sense it's worthless.
If however, I had other reasons for acquiring the shares then their worth is anybody's guess.
My gut feeling is, and this is only a gut feeling, that the money men at the club wield the true power despite their position or relative shareholding. If, and once again, this is me speculating, I wanted to take over the club and elbow DK out of the way then I would have to make it worthwhile to get him to stop being involved in the big boardroom decisions. A pay off of debts owed maybe or a juicy non-exec salary for say a few days work a year or pay over the odds for his shares.