Millwall Share Discussion Threads

[isis] 07/11/2011 21:26

Smelgy - Millwall will survive......but not as you know it......

[p@] 07/11/2011 18:24

IP-He's not the Messiah,he's a naughty boy!

[iggle piggle] 07/11/2011 16:11

ooops, Smelgy must be wondering where all his margin has gone. Such a mug, what would his mum say?

[chinese investor] 07/11/2011 13:27

Smelgy,
I represent serious far east investors.
You are obviously an important person at Millwall.
How can I contact you?

[andytgt] 07/11/2011 13:26

I really dont understand how it can go from being a League one team to a CHampionship side with every Season a cheeky chance of getting into the playoffs and making the Prem, and it has lost 90% of its value. When nothing else has changed!

If anything it is in a better position after paying off £10m of debt with shares at £10 each.

I genuinely dont understand it.

[algernon2] 07/11/2011 11:00

We're dead in the water folks!
Sell and crystalise any Capital gains Loss and move on.
We have been royally screwed and not even kissed first.

[isis] 06/11/2011 13:50

This Club has been anything but cheap - 50 Rights Issues in 20 years!!

[supercity] 06/11/2011 13:41

i think the rose tinted specs need to come off pal...i posted 12 months ago how the huge rights issue seemed nothing more than a backdoor entry to a cheap takeover (other thread).
once delisted they could transfer their debt on to the club and if they get 90% they could compulsary purchase the remaining shares at any price...remember this...



unfortunately it's just another example of the small investor getting screwed.

[isis] 04/11/2011 06:32

Millwall owner John Berylson to delist Championship football club from markets
American businessman John Berylson is to take Championship football club Millwall private after more than 20 years on the public markets.

As recently as five years ago, Millwall's shareholder list was dominated by small shareholders and fans Photo: PA
By Jonathan Russell6:00AM GMT 04 Nov 2011Comment
Mr Berylson, who is known to want to redevelop part of the club's grounds, has been slowly taking control of the business since he first invested £5m in 2007.
A raft of restructurings including a 100,000 for one share conversion, equity raising backed by Mr Berylson and now the delisting have left the club's chairman in near total control of the club. Millwall shares fell 37pc to 275p on the announcement of the delisting of the shares.
As recently as five years ago the shareholder list was dominated by small shareholders and fans. Mr Berylson and other directors have already pledged to vote their 77.9pc holding in favour of the recommendation to take the club private.
The move could help Mr Berylson and the board of Millwall in their stated aim of redeveloping the club's stadium and surrounding grounds. The value of the grounds around the club's New Den stadium are unknown as they are carried in the Millwall accounts at cost minus depreciation.
Any development of the grounds could significantly increase their value to the remaining shareholders.
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Despite recently winning promotion to the Championship, Millwall remains loss-making. In recent years it has survived on loans from Mr Berylson, many of which have been made at above market interest rates.
Mr Berylson has seen his stake in the club rise to its current 70pc level in part through the conversion of the loans to equity.
By delisting its shares Millwall follows Newcastle and Manchester United in withdrawing from the public markets. Manchester United also recently postponed plans to re-enter the public markets through a listing in Hong Kong.
In its announcement, Millwall said it was delisting its shares in order to cut around £100,000 per year in costs and because of the low frequency of trading in its shares.
The company said it would set up a third-party trading facility to try to help small shareholders exit the company. However, it said there was no guarantee sales orders would be able to be matched.
Millwall has been one of the most widely-held stocks on the public markets with thousands of fans buying tiny stakes in the club when it floated more than 20 years ago.
In the announcement the club said it was proposing its last day of dealings on the Aim market would be on December 16. The proposed withdrawal from the public markets would take place three days later.

[supercity] 03/11/2011 21:09

laughable really...directors already own 77% of the company so they get the cancellation and then let me guess what will happen...they will wait for a period of say 12 months and then offer to buy the remaining 30% of the company out ( subject to the Takeover Code for a period of 10 years from the effective date of the proposed cancellation) for a lowly amount and then shortly after decide it is a great time to relist - making them very wealthy.

we shall see.

[2magpies] 03/11/2011 20:57

Glad I sold out on the last 'spike' ... approx £30 (equiv) ... having held for years and years .. made a loss, of course. To think that I actually fell for it and subscribed to all those rights issues!

It is simply unbelievable that the share price is 1/10th of what I sold at. And I thought I was selling really low!

So the sp, in the old form, is actually £0.000275

I believe they floated at 25p or, £0.25

[brianheart] 03/11/2011 19:54

smelyg when are you next in carlshalton walking pongo, like to have a... well chat!

[chinese investor] 03/11/2011 19:22

Smelgy,
I represent serious far east investors.
You are obviously a big player.
How can I contact you?

[the ballcock] 03/11/2011 16:35

COME ON U LIONS

[doorway] 03/11/2011 16:31

final kick in the teeth to the people who have invested over the years.....i cringe on how much ive lost here......

[supercity] 03/11/2011 16:04

well i didn't see that coming 12 months ago...shareholders shafted...glad i sold out at £20 per share equivilent


Proposed Cancellation of Admission to AIM
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TIDMMWH

RNS Number : 4032R

Millwall Holdings PLC

03 November 2011

Millwall Holdings PLC (the "Company")

Announcement of Proposed Cancellation of Admission to trading on AIM

Having undertaken a review of both the advantages and disadvantages of maintaining admission of the Company's ordinary shares ("Shares") to trading on AIM, the Directors have concluded that a proposal to cancel the admission should be made to shareholders in an extraordinary general meeting ("EGM"). In reaching a decision to propose this to shareholders, the Directors have taken the following factors into account:

-- in the Directors' opinion, the trading price of the Shares does not reflect the true value of the Company and its business;

-- given the overall market conditions for small listed companies, the Directors are of the opinion that it is (and will continue to be) difficult for the Company to attract meaningful equity investment through its listing on AIM;

-- the AIM listing of the Shares does not, in itself, offer investors the opportunity to trade in meaningful volumes or with frequency within an active market. With little trading volume, the Company's share price can move up or down significantly following trades of small numbers of shares; and

-- the Directors estimate that annual direct and indirect costs of the Shares' AIM listing are at least GBP100,000. This estimate includes listing expenses and advisory, legal and audit fees but excludes any costs associated with the considerable amount of senior executive time which is also spent dealing with the issues related to the AIM listing.

Following careful consideration, the Board believes that it is in the best interests of the Company and shareholders to seek the proposed AIM cancellation at the earliest opportunity. The AIM cancellation is conditional, pursuant to Rule 41 of the AIM Rules, upon the approval of not less than 75 per cent. of the votes cast by shareholders (whether present in person or by proxy) at an EGM. A circular and notice of EGM will therefore be published shortly, to convene an EGM to be held on 1 December 2011.

The Directors consider the AIM cancellation to be in the best interests of the Company and shareholders as a whole. Accordingly, the Directors unanimously recommend that shareholders vote in favour of the AIM cancellation as they intend to do (or to procure that others do) in respect of their own direct or indirect legal or beneficial interests representing, in aggregate, 77.87 per cent. of the issued Shares.

The Company has separately notified the London Stock Exchange of the proposed AIM cancellation (subject to the passing of the resolution at the EGM). If shareholders approve the proposed cancellation, it is anticipated that the last day of dealings in the Shares will be 16 December 2011 and the effective date of the AIM cancellation will be 19 December 2011.

Principal effects of the proposed AIM cancellation

The principal effects of the proposed AIM cancellation would include (amongst others):

-- there would be no public stock market on which shareholders can trade their Shares. While the Company would intend to put in place a third party trading facility, there can be no assurance that a shareholder would be able to purchase or sell any Shares following the proposed AIM cancellation;

-- no price would be publicly quoted for the Shares;
-- although the Shares will remain transferable they will cease to be transferable through CREST. Instead shareholders who hold shares in uncertificated form prior to the proposed AIM cancellation, will receive share certificates;

-- the Company will no longer be subject to the AIM Rules and, accordingly, it will not be required to retain a nominated adviser or to comply with the requirements of AIM in relation, amongst other things, to annual accounts, half-yearly reports and the disclosure of price-sensitive information.

-- Shareholders should note that following the proposed AIM cancellation, the Company will remain subject to the Takeover Code for a period of 10 years from the effective date of the proposed cancellation. Accordingly, shareholders will continue to receive the protections afforded by the Takeover Code in the event that an offer is made to acquire their Shares.

Transactions in the Shares following the proposed AIM cancellation

The Board is aware that the proposed AIM cancellation, should it be approved by shareholders, would make it more difficult for shareholders to buy and sell Shares should they wish to do so. The Company would therefore put in place a third party trading facility to assist shareholders to trade in the Shares. Under this third party facility, shareholders or persons wishing to acquire or dispose of Shares would be able to leave an indication with the third party facility provider that they are prepared to buy or sell at an agreed price. In the event that the third party facility provider is able to match that order with an opposite sell or buy instruction, it would contact both parties and then effect the bargain. When such arrangements are set up by the Company, details would be made available to Shareholders on the Company's website at www.millwallholdingsplc.co.uk.

If shareholders wish to buy or sell Shares on AIM they must do so prior to the proposed AIM cancellation becoming effective. As noted above, in the event that shareholders approve the proposed AIM cancellation, it is anticipated that the last day of dealings in the Shares on AIM will be 16 December 2011 and that the effective date of the AIM cancellation will be 19 December 2011.

Expected timetable of principal events

Publication of Circular, Notice of

EGM and Form of Proxy: 8 November 2011
EGM: 1 December 2011
Last day of dealings of Shares

on AIM and in CREST: 16 December 2011
Proposed cancellation of

admission to trading on AIM: 19 December 2011
For further information please contact:


Millwall Holdings plc Tel: [phone]
--------------------------- ----------------------
Andy Ambler
--------------------------- ----------------------
Tom Simmons
--------------------------- ----------------------

Singer Capital Markets Ltd Tel: [phone]
--------------------------- ----------------------
Claes Spang
--------------------------- ----------------------
Nick Donovan
--------------------------- ----------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUGGPGGUPGPPP

[sweepie2] 03/11/2011 15:23

I wrote my investment off here four years ago and stopped trying to average down, just a fan nowdays, lucky I went into gold