Rangers Int Share Discussion Threads

[hectorp] 24/4/2013 09:15

Green has resigned and is going to sell his 8% shareholding to some west of Scotland bus and steel businessman. Green can't complete his 'walking away' until December I believe. Meanwhile his cronies, eg Ahmed, and the 'Zeus Capital' backers, are still there .
What the fans want is to have Smith at the helm but I don't think WS has the nouce to run the business as a CEO.

McCoist was expecting ten million for the team next term, but if he gets three he will be very lucky. At the same time, some of the present squad must be moving on in the coming months. Are they robust enough to ensure winning the 2nd Division? each year will get a bit harder.

Also, many bought season tickets because Green, bless him, cajoled them to. This year may be very different.
The wisdom, not guff, of Bomber Brown, now comes back to haunt those who thought he spoke nonsense last year. And so the saga runs and runs.. will they still be here in 2014?
This share price has no-where to hide and many fans who bought shares and season tickets may realise their hard earned might be safer elsewhere.

[hectorp] 23/4/2013 13:01

Hello , hello, is this going "doon the waatter " :-)

[hectorp] 23/4/2013 13:00

This is the 6 month chart. My target 40p.

[kev0856153] 14/2/2012 10:03

Doomsday: 10-point penalty and Euro ban beckon for Rangers over £75m bill

Read more:

[kev0856153] 14/2/2012 10:02

Rangers on precipice as biggest club yet faces bankruptcy

[kev0856153] 14/2/2012 10:01

Newspapers are saying this is the biggest club ever to get into this situation.

To all insolvency and CVA experts out there, how will this end up in your opinion.


Rangers on precipice as biggest club yet faces bankruptcy

[markyd60] 26/3/2006 04:24

And promoted we are.
They'll be dancing in the streets all weekend!

[markyd60] 25/3/2006 14:27

If we beat Leicester today we will be the first team since the war to have been promoted in March............URRRRRRRRRRZZZZZZZZZZ!!!!

[technet] 05/3/2001 18:04

Still can't. Gave up in the end. Keep me posted.
Paul.

[zzaxx99] 05/3/2001 17:44

Just checked again v1.2 Build 1 doesn't work any better than the previous version

[zzaxx99] 05/3/2001 17:03

Has anyoone managed to get the IG software working through a firewall? Technet? Is AdrianM still on here?

[nc] 20/12/2000 00:27

Just posting a positive note on Cantor service.

I phoned this morning to roll a position forward, Dec to Mar - was given the price and completed the transaction. They then phoned back a few minutes later to say that they got a better price & improved the terms by 3p - can't be bad :o)

[lodger] 19/12/2000 13:01

Note - when shorting Zen research (ZEN) there is often confusion with Zeneca (AZN). Like today I accidently shorted Zeneca to the tune of £33,000 when I only meant to short Zen for £10,000. Beware.... :-) Phoned up immediately and it was fixed no problem (IG).

[charlie] 18/12/2000 14:47

To give another example, I was quoted by IG in Gyrus (GYG) this morning. I was actually closing a short position, but because of a misunderstanding I got quoted for rolling a long position.

The way IG expressed it was
December is quoted at 333-342
March is quoted at 340-50

Gyrus pays no dividends.

IG would probably regard this as implying a financing charge of (345/337.5)^4 = 9.2%pa.

But if you wanted to roll a long position they would close you at 337.5 - 2.0p = 335.5p where 2.0p is "half their spread" of 4p. They would then put you into March at 345p.

So the true cost to the punter of maintaining the position is (345/335.5)^4 = as much as 11.8%pa!

Comments / corrections welcome.

[charlie] 18/12/2000 14:40

Thanks.

I have now done some accurate sums and the effective charge is worse than you think!

The numbers are
(Cash touch price was 125-126)
For roll to March they said I would sell at 125.5 and buy at 127
For roll to June I would sell at 125 (NOT 125.5) and buy at 129.5

There is an expected dividend of 1.8p with payment date 7 February (I know this but I wonder if City/ IG etc bother with the exact details - this would be useful to know).

On this basis the true charge for March is i%pa where

125.5*(1+i/100)^(91/365.25) - 1.8*(1+i/100)^(41/365.25) = 127

which solves for i=11%pa

and a similar calc for the June rollover quote of 125-129.5 solves for i=10.5%pa.

However I think City might be looking at it as follows:

Financing charge of 8%pa but also a charge to roll of "half our spread" (which is 2p for 3 months and 3p for 6 months for a share between 100-200p).

So March: 125.5*(1.08)^(91/365) - 1.8*(1.08)^(41/365)+1.0p = 127.12 say 127.

And June: 125*(1.08^(182/365) - 1.8*(1.08)(132/365)+1.5p = 129.53 say 129.5p.

An interesting point is that on the true figures, the total %pa charge for rolling 6 months was about the same 11%pa as rolling 3months.

[kayak] 18/12/2000 12:09

charlie

I use IG rather than City and I was under the impression that the finance charge was on the basis of the time left to run, as you suggest. The expected dividend will merely decrease the quotes by the amount of the dividend, i.e. it is looking forward to the xd price. When the stock goes xd it will then drop to match the then current quote.

[charlie] 17/12/2000 01:56

Does anyone have any firm info on how the various firms calculate the financing charge on single share bets?

I was rolling a £2000/point position in Halma at City on Friday and I asked for prices to roll for 3 months or 6 months. They quoted me for both and said do you realise there is a concession on the spread for a 3 month rollover, but not for the 6 month? However taking into account the exact incidence of dividends (ie in this case an expected divi in the next 3 months, but not in the second 3 months) it seemed to me the two prices they quoted used about the same financing charge, something like 8%pa. Which makes me wonder whether their pricing model assumes dividends are paid continuously, or something like that.

[lom] 16/12/2000 00:54

Is next Wed the last day of the december contracts for IG?

[lom] 15/12/2000 13:18

cheers Bob

[hotei] 15/12/2000 13:06

Lom, from IG site :-

Market Last dealing day
FTSE-100 Index futures 3rd Friday or previous business day of contract month
Wall Street Index futures Business day preceding 3rd Friday or previous business day of contract month
Daily FTSE and
Daily Wall Street Every business day
NASDAQ 100 futures Business day preceding 3rd Friday or previous business day of contract month
Nikkei 225 Index futures Business day preceding 2nd Friday or previous business day of contract month
Hang Seng Index futures 2 business days before last Hong Kong business day of contract month
DAX 30 Index futures 3rd Friday or previous business day of contract month
All currency bets Friday before 3rd Wednesday of contract month
Brent Crude futures 1st or 2nd business day preceding 15th day prior to 1st day of delivery month
Comex Gold futures 3rd Friday or previous business day of month prior to contract month

... and for shares ...

9) The last dealing day for all share bets is the Tuesday before the 3rd Wednesday of the contract month. Bets not already closed by the client are closed on or after the last dealing day at the last traded price at or prior to the 4.30pm market close on the last dealing day as reported in the Financial Times on the following day (Errors and Omissions Excepted).

[nc] 09/12/2000 15:23

Technet - no I think this is why i can't use trading sw from the office.

As I say, I haven't got it to work yet from home either, but I haven't persisted - their tech people asked me to phone back, but I didn't bother because I have no real need for on line trading unless its available from my work.

I am happy with Cantor and their phone service is very good.

[spiceboy] 09/12/2000 01:56

Based on personal experience, personal discussions, BB threads, etc. the concensus seems to be:

Cantors pretty good for everything (stocks, options, etc.)

City OK for everything (stocks, options, etc.)

IG good for stocks

FinSpreads pretty average for everything


Only Cantors and City have specific options traders. Cantors have best spreads, but IG have recently reduced theirs. Best bet is to open an account with all 4 firms - you can use the same evidence of funds with all 4 at once! Why miss out if the one you pick gives a bad price on what you want to trade. If you have accounts with all 4 you can get the absolute best price!

SpiceBoy

[technet] 08/12/2000 23:06

nc - does their stuff work through proxy firewalls?

[stevelyons] 08/12/2000 23:04

Using cantors lots now especially with volatility on the Nas.Had first problem tonight when trading system not available at crucial time and prices seemed a bit harsh .To be fair other than that that they are very good,easy to trade quickley and only one margin call,teach me to go out and leave a trade on the Nas open.