Shares in Fleet

[Wobbly Wayne rides again]

Are there any going cheap ?

[Cheeky Trevor T]

I heard that most people get them for one price and other cheeky ones for a lot less. How can that be?

[Wobbly Wayne rides again]

Now that would be cheeky.

 

 

Up the Fleet

[kmj]

As a matter of interest, does anyone know how many shares have been issued by the company that runs the Club? Also does anyone have a reliable list of the current shareholders? As this is a private company is there an obligation to offer shares to other existing shareholders first? When was the most recent date that any shares changed hands? Sorry for all the questions, but perhaps between the users of this forum the answers can be disclosed.

[FleetFanatic]

It won't matter after tomorrow night's lottery win. <img src="/forum/images/graemlins/smile.gif" alt="" />

 

£5 million win - £3 million in a trust fund, interest used to put into the club.....

 

.....'easy'. <img src="/forum/images/graemlins/angel.gif" alt="" />

[John FW]

Just go to the Companies House website and for approx. £5 you can order all the company's filed documents(including the latest list of shareholders) as a download in PDF format.

[Wobbly Wayne rides again]

KMJ - Very interesting questions about share issues, at a very interesting time, I am not sure the club are the best to ask, as you should direct your question at the real experts.

 

I believe 2 million shares are available.

 

As you can imagine the overwhelming majority are in the hands of the directors, but what percentage they hold and their value are up for debate.

 

If interested I know that 0.15 % are in the safe hands.

[kmj]

Two million? That sounds like an awful lot, even if they had a nominal value of, say, £1 per share. I may very well make a search at Companies House as suggested. Thanks for the info.

[David Holden]

There are 2,000,000 authorised shares of which 1,952,196 have been issued.

 

The directors own 1,646,264 shares or 84.33% of the shares in issue.

[FleetFanatic]

47,804 available then. Priced at?

[Ian_D]

What I was wondering to...

 

I'm completely new to shares... how do you buy them?

[David Holden]

Quote:

FleetFanatic said:
47,804 available then. Priced at?

Whatever price the board decide to release them at, provided that the price struck exceeds the nominal value of the shares as laid out in S100 Companies Act 1985.

[David Holden]

Quote:

ian@thefleet said:
What I was wondering to...

I'm completely new to shares... how do you buy them?

In the case of a private company, you should ask the board whether they wish to release any of the unissued shares.

[Hirsty]

To all.....( not you Dave ! ) Come on then.......chuck yer money in...buy a majority shareholding...take over...sack Daish.....and away you go !! Mick McCarthy is looking for a job currently !!! Might have to double (or treble !) your outlay though !!

 

Cheers

[JimGNFC]

Quote:

FleetFanatic said:
47,804 available then. Priced at?

According to the PDF's downloaded from Company House 40,000 shares were purchased by 1 individual for £10,000 a while back so that may give you an idea of what the remaining shares would cost.

[FleetFanatic]

That would value the club at £500,000.

I presume that was before the purchase of Beauwaters?

 

So one could safely assume the club to be valued higher.

[David Holden]

Quote:

FleetFanatic said:
That would value the club at £500,000.

The only way to determine the value of the company is to look at the balance sheet.

Quote:

So one could safely assume the club to be valued higher.

I would be astonished and absolutely delighted, as that would mean that I am making a profit on my shares, when I didn't expect to actually see any of my money back.

My guess is that you are overvaluing by about £499,999, but I missed the shareholders meeting as I was stuck on a non-moving train so I haven't seen the latest accounts.

[edit]
The balance sheet at 31st May 2004 showed Net assets of £72,971. As far as I can tell no shares were issued after that date, so in broad terms, the Net assets as at 31st May 2005 will be £72,971 +/- the profit/loss for the year.

[FleetFanatic]

Ah - I was working on the theory that if 40,000 shares cost somebody £10k, then to purchase all 2million would cost £500k.

 

I've seen many articles using the cost of shares at the time of a company takeover to give a valuation (i.e. 'company a' has bid £'b' per share, giving 'company c' a value of £'z') so wasn't aware of the true method to calculate - just shows how poor those journalists are!

 

So therefore, using what you have explained, it would mean that it would cost far more to buy the club than what the club is actually worth. <img src="/forum/images/graemlins/blush.gif" alt="" />

 

Edit: having said that, I've just read about the shares that cost 5p / shares that cost 25p business, which would further confuse my original calculations anyway!

[FleetFanatic]

Quote:

David Holden said:
but I missed the shareholders meeting as I was stuck on a non-moving train so I haven't seen the latest accounts.

Was it my day off? <img src="/forum/images/graemlins/cool.gif" alt="" />

Btw, didn't get the job in Swindon <img src="/forum/images/graemlins/mad.gif" alt="" /> and my current position is under threat <img src="/forum/images/graemlins/angry.gif" alt="" /> looks like this new lot want to carve a bit more off the bone to drive down costs.

[Slartibartfast]

Quote:

FleetFanatic said:
So therefore, using what you have explained, it would mean that it would cost far more to buy the club than what the club is actually worth. <img src="/forum/images/graemlins/blush.gif" alt="" />

That would be true for just about every football club if it wasn't the asset strippers would be in like a shot.