pozbaird Posted October 11, 2012 Author Share Posted October 11, 2012 So they float and raise some dosh - what happens when that runs out? If the same scenario comes about (and presumably Duff and Duffer aren't allowed anywhere near proceedings) I hope that all who voted in some way to get them playing football, at Ibrox, in the 3rd division - have the sense to say they've had enough and they can GTF. Otherwise it'll be like an endless Russian Doll set, with a newer, smaller Zombie Rangers each time. Green dot for making me laugh out loud while eating, and almost choking on, my cheese 'n' onion toasted sandwich. 0 Quote Link to comment Share on other sites More sharing options...
Happy Buddie Posted October 11, 2012 Share Posted October 11, 2012 Aye. Santa could bring me a Porsche 911 Turbo with the woman from the Scottish Widows adverts in the passenger seat. Dear Santa.... I'm afraid Santa's gonnae get a lot of bad press in Govan this year. "Mammy, why did santa no' bring me a new bike like ah asked in ma letter?" "Son, yir Daddy had a word wi' Santa in the Govan market an' telt him ye'd raither huv shares in The Rangers, so's ye'll be rich when ye grow up." "Can I no' jist sell these the noo, an' buy a bike?" "Sell them? They're worth fu** all!!!" 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 11, 2012 Share Posted October 11, 2012 BBC doing their best to advertise TRFC's IPO. No investigative tone, no angle about Chuckies previous pocket lining exercises at Sheffield etc. Frankly shameful..... 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted October 11, 2012 Author Share Posted October 11, 2012 RIPOFF 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted October 11, 2012 Share Posted October 11, 2012 Interesting read about the Share Issue Popcorn at the ready with Jelly and Ice Cream for seconds. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 11, 2012 Share Posted October 11, 2012 RIPOFF [/quote Ladies and Gents.... We have a WINNER!! 0 Quote Link to comment Share on other sites More sharing options...
Fotbawmad Posted October 11, 2012 Share Posted October 11, 2012 I intend to be Mister Gullible Until they ask for the cheque Count me in to 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted October 11, 2012 Share Posted October 11, 2012 I shall be..... Afzal bin Khalid Mostcashotoburn. or something. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted October 11, 2012 Share Posted October 11, 2012 A few things I would like to add on the IPO, and investments in general (Wee disclaimer to be added being that I haven't had a read of the prospectus so this is just a general rant based on experience). First, and quite an important one, is that very few people invest in football to make money. In terms of financial reward, in the overwhelmingly vast majority of cases, there is none. As far as Rangers go, the opportunity of striking it rich was taken up by Charles Green, and that will not come round again. This means that you will not find many speculators willing to invest, and certainly not in large numbers. This IPO will very likely be taken up by fans, and fans only. That's not entirely a surprise mind you, as far as football clubs go it's not uncommon. Secondly, the club will be listed on the AIM market, and not the FTSE. Normally this wouldn't be that big or important an issue, especially with a relatively new company, but I think with Green still being very coy with the details, and the general lack of trust in him by many Rangers fans, not to mention the complete lack of trust in him by anyone else, will again scare off potential investors. You have lower levels of disclosure required, and far less regulation involved in registering and trading on AIM. You are risking money on a guy with no track record, in a company with an appalling recent history as far as financials go. Added to my first point this again suggests that the fans are the only people likely to invest. Third point, and the important one for me. The fans are being targetted and asked to invest in a company they know very little about, by someone they do not entirely trust and who is not entirly forthcoming with information on the important questions that have and will be asked. The same fans who recently and in some cases are still paying for season tickets. Who have spent the last few years watching financial disaster after financial disaster hit their club, while being ripped off by those that ran it. Who are having to watch guys currently earning massive money make a complete ar$e of themselves against opponents earning less in a year with 2 jobs than some of the Rangers players will be earning in a few weeks. They are being asked to give up £20m at a time when many will be struggling financially themselves, in the run up to the most expensive time of the year. People who in many cases will have lost on a monatary and emotional level in the previous company. I could add to this, but you can all see what I'm getting at, and I don't think there's any need to expand much more. Essentially, they are asking for a lot of money at a time when there is likely to be less than at any other point they could have picked, under conditions that would make anyone with any sense give very little thought to handing it over. From a nuetral point of view(And despite what some Rangers minded posters will suggest, this is me looking at it from as pragmatic a view point as I can), this IPO has disaster written all over it. If I was still working in my old job, I would be laughing at anyone who called me to ask for an opinion on making an investment like this. As I've stated already, the above is just my opinion (based on previous IPO's I've dealt with, and several years experience of working in investments). I'm frequently wrong, and may be here, but it looks like a long odds bet to me. I have seen a few of those coming in spectacularly well in the past, but this would really surprise me. Does anyone have a link to the prospectus, and can anyone confirm who is underwriting it? 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted October 11, 2012 Share Posted October 11, 2012 http://ftalphaville.ft.com/2012/10/11/1204671/ship-of-theseus-seeks-flotation/ 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted October 11, 2012 Share Posted October 11, 2012 (edited) Otherwise it'll be like an endless Russian Doll set, with a newer, smaller Zombie Rangers each time. Until finally.......... RANGERSSSS........-ptoof- Edited October 11, 2012 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
Mad Capsule Posted October 11, 2012 Share Posted October 11, 2012 This is not actually a bad article given its source, its does get slightly caught up inthe what if scenario but it does ask the important questions that potential shareholders should be asking This is what should happen, however it gets it slightly wrong, the original investors put up a total of about £6.25M, they then sold a pile of ST`s, did a deal with Sports direct and have sold considerable Match day tickets all of which is money in the bank, they have spent some of this, Temps (an asset), some of the football debts and operating costs, it appears they have used this cash in the bank along with undisclosed player valuations to boost the value of the company to £22.69M rather than calling it operating capital (legal but IMO immoral). So the 22M shares will not dwarf this How did they fund the purchase of the assets, loan or investment, it should be treated as an investment but this needs to be clarified, this makes a big difference, if its investment then they need the share issue to be a success as this is the only way they can make money as the gain already achieved is actually either tied up in assets or needed as operating capital, if its a loan then they make money regardless The 'what if stuff' and possible punishments is only important due to the timing, I think that Charlie should wait till the new year before doing this, let the dust settle from the FTT and the tribunals findings What type of share are they offerings, will these have power if bought collectively We need proper managements that show the company is able to stand on its on feet and that this investment is to be used for the long term good of the club and company, I do not mind if some of this investment is then used to buy some of the shares owned by those wishing to cash in sooner rather than later, after all it was them that took the action to buy the assets and continue the club, they deserve to get a suitable return for this So Mr Green Slow down Issue some managements showing the company is self sufficient Issue a prospectus in the new year showing how the shares are distributed Allow us collective power Do this and I will purchase shares allowing you to sell your 10% back (and anybody else who wants to cash in) and wave cheerio Anything else then then its gonna be a big no to shares from me and from what I see and hear then there are many other who think the same way Oooofftt, even Tedi is asking questions now.... 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted October 11, 2012 Share Posted October 11, 2012 Copied from here !! No, remember the initial investors get the newshares for a quid or something ..was mentioned at the time. 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted October 11, 2012 Share Posted October 11, 2012 (edited) Oooofftt, even Tedi is asking questions now.... T#rrier imo Edited October 11, 2012 by killingfloorman 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 11, 2012 Share Posted October 11, 2012 So many people getting all worked up over absolutely nothing. Once the prospectus is released then we can go through it all with a fine tooth comb, see what will be done with any money raised and how safe it'll be and if anyone isn't happy then it's quite simple - you don't give them your money. We even have young Dhens taking advice from that well known financial expert Paul Brennan, keep calm and carry on. 0 Quote Link to comment Share on other sites More sharing options...
K Dodd Posted October 11, 2012 Share Posted October 11, 2012 Humour me here please, maybe I'm just being thick, Charlie and consortium payed 5.5m, and for the purposes of the IPO that is 50% of the company. So based on the value that they put on it at £1 per share, and they are going to sell 22.5m shares. Does that mean he an consortium also own 22.5m shares and he stands to make a £17m profit for his sky rocket. (if the shares remain at £1) 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted October 11, 2012 Share Posted October 11, 2012 They have boosted the value of the company by using the ST money, matchday sales and even possibly players valuations I am not sure about the player valuations but using the cash sitting in a bank account is perfectly legal, but in my opinion immoral as I would class this as operating capital In finance, cash is an asset and needs to be included. It is only when it is spent that it moves to some other category. The cash may be used to pay down loans!! 5.5m probably. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 11, 2012 Share Posted October 11, 2012 I would say that if CG and co are having a meeting and discussing financials with regards to the forthcoming IPO then they would be quoting figures from a draft prospectus You can call it a scrap bit of paper or back of an envelope, whatever keeps you happy I read that too, from the meetings in Canada, America and Northern Ireland that he was showing them a draft prospectus. Dhens is being a fanny as it's common sense that Green would be showing potential investors a draft copy. 0 Quote Link to comment Share on other sites More sharing options...
K Dodd Posted October 11, 2012 Share Posted October 11, 2012 1349965502[/url]' post='6703837']They have boosted the value of the company by using the ST money, matchday sales and even possibly players valuations I am not sure about the player valuations but using the cash sitting in a bank account is perfectly legal, but in my opinion immoral as I would class this as operating capital I see what you're saying about operating capital. But what confuses me is that he bought 100% of the company for 5.5m. That is what it was valued at by H&D the cash raised since then, as you rightly said is for operating the company, not to add any value to the initial sale price, IMO this is Charlies way of making a quick buck for his investors and is how he could have sold it to them. In reality, who in their right mind would invest in any football club to make a profit. You would only invest with your heart knowing you are never going to make a profit on tour investment and that decision would be for the future of the club and not for your own personal gain. These rogues are out to stiff you. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 11, 2012 Share Posted October 11, 2012 Peter Hoskins @PeterHoskinsSky As Rangers FC announce plan to raise £20m on stock market see chief exec Charles Green & manager Ally McCoist on #JeffRandallLive from 7pm Same time as Emmerdale farm 0 Quote Link to comment Share on other sites More sharing options...
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