Rangers Int Share Discussion Threads

[praipus] 05/1/2015 10:12

UK MM's holding share price back for fans and punters to jump on board ready for US open :) Time to buy some more?

[praipus] 05/1/2015 10:08

NBA franchise...hmmm think the FA's missing trick here

[praipus] 05/1/2015 10:04

The share price should be circa 40p if Sarvers biddng £18m for 51%...shouldnt it?

[battlebus2] 05/1/2015 09:59

Leon i bought at 19/20 and 20.5p....

[leon26] 05/1/2015 09:47

Profits??????? hahaha.

[battlebus2] 05/1/2015 09:28

Yes ofcourse....Took some profits on this mornings news but will hold the rest to see how it pans out.

[praipus] 05/1/2015 09:26

Have you got any shares Battlebus2?

[battlebus2] 05/1/2015 08:00

U.S. takeover offer and refinancing..:))


Statement re. Possible Offer and Rule 2.10 announcement

The Company notes recent press speculation and confirms that it has received an approach from Robert Sarver (or a vehicle to be established and controlled by him) ("Mr Sarver") that may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made, nor as to the terms on which an offer may be made. A further announcement is expected shortly.

Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"), requires that Mr Sarver, by not later than 5.00 p.m. 2 February 2015 (the "relevant deadline"), either announces a firm intention to make an offer for Rangers in accordance with Rule 2.7 of the Takeover Code or announce that he does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies.

The relevant deadline will cease to apply to Mr Sarver if another offeror announces, prior to the relevant deadline, a firm intention to make an offer for Rangers. In such circumstances, Mr Sarver will be required to clarify his intentions in accordance with Rule 2.6(d) of the Takeover Code.

This is an announcement falling under Rule 2.4 of the Takeover Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made.

A further announcement will be made as and when appropriate.

Rule 2.10

In accordance with Rule 2.10 of the Takeovers Code, the Company confirms that it has 81,478,201 ordinary shares of 1 pence each in issue. The ISIN reference for these securities is GB00B90T9Z75.

Ends

[battlebus2] 31/12/2014 17:37

I think the decision by the SFA blocking Ashley increasing his holding has given the 3 bears the initiative to press ahead.
Very good news for real football fans.

[praipus] 31/12/2014 17:20

No RNS... yet

hxxp://sport.stv.tv/football/clubs/rangers/305078-three-bears-consortium-buys-significant-shareholding-in-rangers/

[amorruso] 31/12/2014 13:19

Laxey 16% share holding confirmed as sold......The word is that it is The Three Bears consortium who bought in. Bought a shed load this am too on the back of this.

[wipo1] 31/12/2014 13:06

Cash burn business lucky if it will last long

[battlebus2] 31/12/2014 12:36

LOL...now that goldilocks has to run all the way home.

[amorruso] 31/12/2014 11:53

The word is that Laxey etc have sold to The Three Bears.

[battlebus2] 31/12/2014 10:27

A couple of trades for 5 million at 20p..

[praipus] 22/12/2014 11:30

Rangers Int. Football Club PLC AGM Statement
Date : 22/12/2014 @ 07:00
Source : UK Regulatory (RNS & others)
Stock : Rangers Int (RFC)
Quote : 18.0 0.0 (0.00%) @ 07:53
HOME » LSE » LSE » Rangers Int share price



Rangers Int. Football Club PLC AGM Statement
PrintAlert
TIDMRFC
RNS Number : 4108A
Rangers Int. Football Club PLC
22 December 2014
Rangers International Football Club plc
("Rangers" or the "Company")
AGM Statement
As previously announced, the Company's Annual General Meeting will be held at 10:30am today, Monday 22 December 2014, at Ibrox Stadium, 150 Edmiston Drive, Glasgow G51 2XD. Access will be through Exit 30 of the Broomloan Stand which is adjacent to turnstile 64. Shareholders will have access to the Albion car park with access to the Stadium footprint for disabled Blue Badge holders to park near the entrance.
Shareholders are asked to arrive in good time from 9am in order to clear the registration process.
Shareholders should bring the attendance card which was included with the Notice of AGM, posted to registered addresses on 28 November 2014.
In the event that the attendance card is lost, Shareholders should bring some other form of ID (a credit/debit card will suffice). Shareholders whose shares are held in a nominee account with their stockbroker will need a Corporate Representative's letter (issued by the custodian of their shares) in order to be admitted. Non-shareholders including guests of shareholders, will not be admitted.
The meeting will consider the 9 Resolutions set out in the Notice of AGM, each of which will be subject to a vote by Poll, which will be verified by Capita Registrars Limited. The result of these Resolutions will be released to the London Stock Exchange by no later than 7am on Tuesday 23 December 2014.
At the AGM the Chairman, David Somers, will make the following statement:
"Welcome Ladies and Gentlemen to this Annual General Meeting of Rangers International Football Club plc.
It feels like years since I last stood in front of you and it is amazing that it is only just over 12 months. 12 months ago, as I had just joined the Rangers Board, I was given the impression that the Club had enough money to see it through the first few months to the season ticket window. Sadly, I quickly discovered that this was not the case. The Board then began metaphorically to take up all of the carpets; after which we were left with a very long list of legacy issues that needed to be sorted out, often as our finances would allow.
So in the first few months, we reviewed all of the contracts, the finances and the legal issues, ending up with a long list of legacy issues that would need to be dealt with over time. Since then we have spent many months focusing on these legacy issues dealing with them one by one. To be honest, it is frustrating dealing with legacy issues, because you are effectively looking backwards during this time and dealing with issues you didn't create yourself. I know that most fans will not really be interested in such efforts, because it is not about football, but these legacy issues and contracts have had to be dealt with so that we can begin to move forward. I was always taught to be cautious, so I hesitate to say that we have dealt with all of these legacy issues, as whenever I think that, another legacy issue quietly appears, but we do seem to have addressed many or most of them. One of our biggest remaining legacy issues is the weak state of the Rangers finances.
In the financial area, we have been fortunate that a number of people have supported us with loans during the last 12 months, namely Sandy Easdale, George Letham and Mash Holdings. I sincerely thank them for their support, which in some cases, has included their loans being interest free.
In the early days, while developing our list of legacy issues to be addressed, Graham Wallace wrote a review, which became known as the 120 day review. In this he indicated a desire to spend GBP20-30 millions in reaching the top levels of Scottish and European football. After visits to various City institutions the Board believed that such a level of expenditure would be supported by the City institutions, and the then monthly rate of loss, would also be supported by the shareholders. In the event, this was discovered not to be the case, because when we came to raise funds through a share issue, we soon found that there was a lack of appetite from shareholders to invest significant extra funds just to pay wages and utility bills.
Accordingly, we have moved to cut costs significantly. Like any household, Rangers can ultimately only spend what it earns and, as has been reported in the media, we have moved quickly to bring our costs down and much more in line with our income. Rangers Football Club has been living beyond its means for many years and much of the cost cutting and efficiency improvements should have been addressed years ago by previous boards when we were in the lower divisions. But they weren't, so we are doing it. A material part of our costs relate to player costs, however, and these can only be addressed over a long period of time because of the length of the contracts. These contracts are often measured in years, not months.
In these past 12 months, I have been surprised at a number of things. Firstly, the highly negative aspect of most of the media reporting regarding Rangers. Secondly, because it is clear to me that a stronger Rangers is good for Scottish football, I have been very disappointed to realise that outside of Ibrox, there sadly still exists a great deal of anti- Rangers feeling, perhaps (although I hope not) even in the football establishment. Rangers return to the top flight of our game, I am sure you will agree, will be more easily achieved if everyone who cares about the Club works together for the betterment of Rangers. This turbulent year has seen people calling for a season ticket boycott, seen the disruptive creation of a season ticket trust for a while and other negative ideas. Such negativity is expensive for Rangers as it reduces season ticket and overall ticket sales, increasing the likelihood that I will have to borrow money to cover the shortfalls created. Our path to restoring Rangers to where we all want the Club to be, can only be achieved with the continued support of all supporters, shareholders and business partners.
2013/14 saw Rangers Football Club complete the second stage of our rise back to the top of Scottish football and the year also brought another vital component for a new Rangers to emerge for the future - a structured and measured approach to rebuilding the football club. An unbeaten SPFL League One campaign was an excellent return for Alistair, his staff and the players and they deserve our congratulations. While we were all ultimately disappointed to have been defeated in both the Ramsdens Cup Final and the William Hill Scottish Cup semi final, our fundamental objective of achieving promotion was comfortably achieved with a points total into three figures.
I was delighted that the Board was able to further support the Manager in providing funds for the recruitment of nine players in 2013/14 and also in the period immediately after the end of the financial year when we brought Kenny Miller, Kris Boyd, Steve Simonsen and Lee Robinson back to the Club, together with the signings of Marius Zaliukas and Darren McGregor.
While the success of any major football club will always be benchmarked by its first team, a strong Youth Academy is also an informative barometer of long-term health and well being. It is very pleasing to see the quality and quantity of young talent being nurtured at Murray Park. Last season our Under20s won the SFA Youth Cup and narrowly lost out in the title race in the final week of the campaign. 57 players from our Under 14 to Under 21 age groups were called into international squads and three more Murray Park Academy graduates made their first team debuts.
The ladies and girls teams have come a long way in a short space of time, enjoying significant success. In season 2013, the Ladies reached the semi final of the Scottish Cup, The Under 17s team secured the league, Scottish Cup and League Cup treble, the U15s and U13s finished second in the leagues and a new U11s team has been introduced. Internationally, the Rangers ladies teams have contributed 22 players to the Scotland teams across all age groups.
We are charting our future strategy in the five key areas of:
-- Developing Football Performance
-- Focus on Player Asset Management and Youth Development
-- Re-connecting effectively to our Local and Global Fan Base
-- Developing Best in Class Commercial and Operational Capability
-- Strengthening Commitment to our Communities
The year also saw Rangers make the first, important steps towards building an effective programme of engagement with our fan base. Fans were contacted via email, SMS, online and at matchdays to assist in our Ready To Listen Initiative, showing we are serious about improving communications and dialogue with all supporters. Subsequent focus groups took place in Ibrox with feedback generated helping to shape the direction of the Club's fan engagement strategy. I think that we would all agree that we still have work to do in this area and one in which we must increase our endeavours.
Although we have experienced difficult trading conditions, there have been a number of important and positive, developments in our fiscal position during the financial year. A 32% increase in total revenue from GBP19.1m to GBP25.2m was recorded in the year ending 30 June 2014, with the majority of the uplift due to the first full year of our retail venture with our long term partner Sports Direct.
Reduced revenues from gate receipts and hospitality are down from GBP13.2m to GBP12.4m and were a direct result of the lower matchday attendances from both season ticket holders and walk-ins. This shortfall was offset by increased revenue from sponsorship and advertising up from GBP0.8m to GBP1.5m illustrating the improvements in the Rangers brand perception. Proceeds from ticket sales were also adversely impacted by the decision not to increase prices of either season or matchday tickets from the previous season.
Season ticket sales were sadly down from 38,228 in 2012/13 to 36,039 in the 2013/14 financial year, resulting in a fall in revenue from GBP8.1m to GBP7.7m in financial years 2012/13 and 2013/14 respectively. Our average home league attendance also fell from 45,111 in the 2012/13 season to 41,444 in 2013/14.
Other Operating Income rose from GBP1.7m to GBP2.1m, a 22% increase, mainly as a result of hosting both Scottish Cup Semi Finals and an increased associated uplift in matchday catering revenues.
At this AGM, we are requesting permission from shareholders to enable us to issue shares to improve the long term financial stability of the Club. We were not able to last year and I sincerely hope, for the good of the financial stability and future of the Club, that it will be forthcoming this year.
We are now increasingly looking forward. An immediate priority is to re-build the Board with suitably experienced people and this is already well underway. We also need to look at the football side for a number of reasons. Firstly, there has for some time existed a chasm between the talented young players being developed at Murray Park and our first team. We need to focus on ways of developing our own young players for the first team rather than continually buying-in players. Secondly, as you all know Ally has decided to resign and has given us the required 12 months notice of his intention to leave the Club, as of yesterday Ally is on gardening leave.
Sadly, this year, one of our greatest ever supporters will not be with us on the rest of our long journey. In April we lost Sandy Jardine - a truly inspirational man and Ranger. I had the privilege of meeting him a number of times before he left us and I found him to be one of football's true gentlemen. Sandy will be forever revered and the re-naming of the Govan Stand in his memory is a fitting tribute to a truly wonderful person who cared so passionately about his Club.
My personal goals remain what they were 12 months ago. Namely to ensure that the events of Rangers' recent past can never happen again; to cleanse the Club of these events, and also to ensure that Rangers gets back to the top in football. I now recognise that we will not get much support outside of Ibrox for this; we have to do it ourselves. And we will.
Last year I said that I was proud to be Chairman of Rangers. I will repeat that again today, because I genuinely believe it is a privilege to be in this position."
Ends
For further information please contact:
Rangers International Football Club plc Tel: [phone]
David Somers
WH Ireland Limited Tel: [phone]
Adrian Hadden / Paul Shackleton
Newgate Threadneedle Tel: [phone]
Roddy Watt / John Coles
This information is provided by RNS
The company news service from the London Stock Exchange
END

From:

[praipus] 20/12/2014 10:06

STOXX® Europe Football

The STOXX Europe Football Index covers all football clubs that are listed on a stock exchange in Europe or Eastern Europe, Turkey or the EU-Enlarged region. The index accurately represents the breadth and depth of the European football industry.

23 clubs including Rangers

[praipus] 19/12/2014 11:31

Derek Llambias has been appointed Chief Executive Officer

[praipus] 17/12/2014 09:24

SFA chasing Ashley


SPFL chasing RFC

[praipus] 15/12/2014 10:05

Football Manager Alastair McCoist resigns

[praipus] 10/12/2014 09:07

Norman Crighton "leaves post".

[battlebus2] 28/11/2014 13:40

I know Hearts look unstoppable now.

[leon26] 28/11/2014 11:06

Looks like the only thing they can secure further loans on will be the stadium and training ground, can see them even having to sell the stadium and lease it back.

A shambles of a club leaking money at a horrific rate.

Note the results say they expect promotion this season, lol

Also read that Ashley has said he won't put anymore money in.

[battlebus2] 27/11/2014 19:57

Results not as bad as i had feared with some positives though they will still need to raise more cash...

Another 1 million buy at 25.8p by the looks of it...

[jim200] 13/11/2014 10:47

No chance of collapse mate, the market likes mashly watch share price Bullish