Rangers Int Share Discussion Threads

[wipo1] 04/3/2015 17:07

Suspended does not look good

[tawnyport] 27/2/2015 12:50

Further clarifications - good on to them for fessing up (under pressure from whomever first leaked/reported it), although just another example of incompetence from a discredited Board.

TP

[shawzie] 20/2/2015 12:04

"Season ticket sales were down from 38,228 in 2012/13 to 36,039 in the 2013/14 financial year, resulting in a fall in revenue from £8.1m to £7.7m."

Is it not time that all Rangers supporters got together and took ownership of their own club?
If every season ticket holder invested £1000 in shares, they could own the club outright and still have about £10,000,000 in the kitty for development.

There is no point in complaining about the present BOD who have taken control, if supporters are not prepared to fight for ownership of their club.

[praipus] 19/2/2015 13:54

Human behaviour is so curious. Why stand in the cold shouting the odds when the purchase of a single share would allow access to the meeting?
Wouldn't real fans have a few shares anyway?

[tawnyport] 19/2/2015 12:50

How long does it take to pick a date - out the cups, home matches are generally once a fortnight on a Sat or Sun!!!

TP

[charo] 18/2/2015 09:57

what a fiasco,nomad must be desperate for fees.the non execs should be ashamed.

[charo] 18/2/2015 09:57

what a fiasco,nomad must be desperate for fees.the non execs should be ashamed.

[charo] 12/2/2015 11:15

the nomad is very poor obviously doing what he is told hoping no one picks up breach of act.

[tawnyport] 12/2/2015 11:00

Charo,

RFC can no longer give 21 days notice of venue, so you could well be right...

TP

[charo] 10/2/2015 09:48

meeting will have to be reconvened and new notice issued.

[corrientes] 06/2/2015 15:35

How sad that Rangers seems to attract all sorts of crooks, spivs and ne'er-do-wells these days. A bit like the City I suppose !

[f1araway] 06/2/2015 15:00

The smelly saga continues.....

[tawnyport] 06/2/2015 14:06

Hard hitting, the gloves are off...

TP

[tawnyport] 05/2/2015 16:57

Naughty, naughty, BOD.

Below courtesy of Shareprophets:

hxxp://www.shareprophets.com/views/10449/did-rangers-break-aim-rules-again-the-tale-of-the-disappearing-press-release?commented=0#txpCommentInputForm

"Companies on AIM are meant to post price sensitive information via the Stock Exchange and under Rule 22 they also have a duty to ensure that it is accurate. But Rangers FC (RFC) is advised by China fraud specialist Mr Paul Shackleton of WH Ireland and so yesterday it posted such (mis) information on its own website only. It then withdrew even that release but luckily I have a screen grab for you below.




The statement is – as it happens – utter cobblers, contradicts itself and implies that two prior statements made via RNS were …er…untrue.

The key paragraphs read:

"As a result of this repayment all rights of MASH to nominate two persons for potential appointment to the board.. have now lapsed"

and


Further to the Company's announcement on 27 October 2014, the Company would like to clarify the position in relation to any rights of MASH to appoint directors of RFC as referred to in that announcement. The correct position is that MASH never had the right to directly appoint directors of RFC.

Ends.

Hang on. If MASH had rights which have now lapsed then they must have existed at some stage. So parageraph 1 contradicts paragraph 2.

On 27 October in an RNS the company stated:

“the Company has invited MASH to put forward the names of 2 nominees of its choice for appointment to the Board”

And on November 3rd it stated via RNS

The Board of Rangers announces that it has appointed Derek Llambias as a non-executive director. He was nominated as a director of its choice by MASH Holdings Limited pursuant to its agreement to withdraw its requisition for a General Meeting, as set out in the announcement dated 27 October 2014.

Er…. So MASH – the Mike Ashley vehicle – which owns 10% of Tangers whose board is now dominated by Ashley minions, “never had a right” – 4 Feb – to appoint directors but merely – after lending £2 million and withdrawing an EGM request was merely invited to put forward 2 names ( 27 Oct & 3rd Nov) which it duly did.

Unlessof course it did have a right as per the first but not second paragraph of yesterday's statement.

Is this a breach of AIM Rule 22 which states

“The AIM company must use all due skill and care to ensure that information provided to the Exchange pursuant to this rule is correct, complete and not misleading. If it comes to the subsequent attention of the AIM company that information provided does not meet this requirement, the AIM company should advise the Exchange as soon as practicable.”

Why was the release put up on the Rangers website & then withdrawn not issued via RNS?

Does Rangers and the China fraud specialist Mr Shackleton now regard the RNS of 27 Oct as misleading? Is it thinking it should clarify?

This is the comedy that keeps on giving.

I do not think Dave King is an idea man to run a football club but surely anything has to be better for Rangers than the MASH and grab team?"

[amorruso] 28/1/2015 21:58

Would you put your mortgage on a Rangers defeat?

[264091] 28/1/2015 20:55

seems the market's expecting a win on Sunday?

[killieboy] 27/1/2015 18:11

........... promotion to SPL next season then steady advancement to wipe the smiles from the faces of the Hoops!

[f1araway] 27/1/2015 11:45

Well the adoption of the shock option has come to pass and the share price has gone up only on the basis of operations continuing. Ashley wins again but like him or not, that's what he's good at.
It's asset stripping to the nth degree but the latest in a long line of mis-management. I can't bear to think where it might end.....

[leon26] 27/1/2015 10:15

The family silver is in the process of being sold for peanuts and the price goes up, weird. :)

Soon all retail profits will go to Ashley, they already can't run at break even, what happens then? they'll need to pay to use the training facility as well I expect.

[shawzie] 21/1/2015 16:04

Rangers market cap around £23M.
Can 23,000 Rangers fans not put up £1,000 each and buy the club?

[praipus] 21/1/2015 15:38

The market seems to have forgotten that sometimes the offer price is less than the market price.

[jim200] 21/1/2015 14:51

Looks like it