Shares in Fleet

[StuThompson]

I must admit all this to me is Whoooooooossssssshhhhhhh!

[Wobbly Wayne rides again]

Quote:

Edit: having said that, I've just read about the shares that cost 5p / shares that cost 25p business,

 

If you have read that in its entirety, you don't have to be too much of a genius to work out what our trading account balance roughly stands at, at the mo.

 

Like Dave, I was never expecting a return on my investment, just a self satisfying warm feeling that in some small way I helped the club maintain conference survival.

I think it will be some far off day before we ever see a dividend.

 

But I can't help feeling a rather sour taste in my mouth after the 5p and 12.5p debacle, but thats the world of high finance for you.

[kmj]

What exactly was the 5p and 12.5p "debacle"? I seem to be out of touch!

[FleetFanatic]

Something along the lines of 'those shares that cost you 25p each are now only worth 5p each'.

 

Details are on the Northfleet Select forum.

[kmj]

Oh, I see, they have been devalued. Thanks for the info.

[David Holden]

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kmj said:
Oh, I see, they have been devalued. Thanks for the info.

Not really, their value will be the same as it is now, because there will still be the same number of shares. All that has changed is the nominal (or par) value of the shares.