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Real-Time news about Sheffield Utd (London Stock Exchange): 0 recent articles
|outsourcer: how do we think this will effect the share price, is anyone going to sell because of this ?|
|outsourcer: Thanks for the info Chatterjee, I to am holding until after Monday, although I do worry that there is nothing stopping the directors dropping the price considerably in order to pick up the remaining shares cheap to try to gain full control of the club.
If we do get back in the premiership the potential £60M windfall from that, the £20M (roughly) Tevez compensation and increased ticket/merchandise sales surely make the current share price of 8.5p look very undervalued. I just feel that unless it is planned to sell the club their is little incentive for the directors to reflect the true value of the company.
But then I might just be a cynical northerner !|
|outsourcer: well down to the last game of the season, what are the chances of Warnock making it an easy 3 points for ?
I can't see Birmingham getting anything from Reading especially if Reading win tonight as they will still be in with a shout for automatic promoation.
If we do get back in to the premiership can anyone see it affecting the share price ? at present without dividends and an active market I cant see any incentive for buying, I would think the only hope would be if Kev decided he wanted to buy all the remaining shares and offered a decent price.|
|sussexseagull: But will the result affect the share price?
Rhetorical question of course.
|outsourcer: and the share price keeps rising
perhaps a last ditched attempt to get the rest of the shares back at a cheap price|
|chatterjee1932: Smaller shareholders can't say they weren't warned over the directors' decision to take the club out of "public ownership." As we knew all along, McCabe (KM) and his sons owned the club only because no other significant party had the financial clout or motivation to challenge his position. Without question, KM has been good for the club. He helped achieve the club to promotion to the Premiership and has tried to maintain a lid on spending that the plc couldn't afford. However, if the club is back in private hands and in their ownership, he and his sons will have no excuse to put much more of their own cash to fund players' wages. I am not fully aware of the extent that the economic downturn has affected Caledonia holdings and the Scarborough group- companies that they own related to global property. I understand McCabe sold much of his interest to an Australian goup called Valad. Maybe he is ready to emulate Dave Whelan, Gibson, Al-Fayed etc and spend his fortunes to make Sheffield United Premiership regular force.
From hereon, being seen to be doing the right thing on behalf of the fans won't be enough. They will have to spend their own money accordingly to fund fans' ambitions and expectations. I would assume that all the supplementary businesses that they attempted to set up will be more a burden than a bonus to the future club's finances. Maybe the gyms might make them a few thousand but questions remain over the other property businesses.
Smaller shareholders are bound to feel sour about their investments and it is important that they show an element of solidarity on December 27th. They have invested their own relatively small amounts in faith that the club will bounce back to the Premiership and that a selling opportunity may arise should West Ham have to pay btween 25 million and 50 million.
The plc is currently is officially worth 11.14 million pounds and no doubt the value has been driven down by this week's news. The share price mysteriously reduced by 2 pence before the day of the announcement due to the Reading win and on the back of a decent point at Ipswich....not forgetting the VAT cuts. Promising manager Kevin Blackwell signs a new contract and all appears well- except for the share price.
If the price of 8.5 pence per share is significant, then directors will have to pay out at least £541,227.13 total to smaller shareholders to relieve the annual costs burden of being registered to AIM. More importantly, the money lost by small shareholders and families- made to fell bitter by their losses- will in the long term hurt the club more.
As a fan and investor myself, I haven't been altogether happy with the club's actions- delays in removing Bryan Robson, the Iain Hume affair. The recent way that the club coaches spoke on the matter sounded not only heartless but without any spirit of fairplay and goodwill. Defending Chris Morgan's actions however isn't for this board. Although, it was Emile Heskey and not Carlos Tevez who bullied Morgan himself into submission and relegated United on the last day of 2007 season. McCabe and the private club may receive a few million for the "unfair" relegation but in the long term, he has a lot more to do if his aim is to be remembered who brought long, stable success to Sheffield United, playing regularly amongst the nation's elite- something he hasn't quite yet managed to do....|
|outsourcer: "This price will be set by the Directors on a quarterly basis but for the purposes of the first quarter following the de-listing the price will be at least the mid market price quoted on AIM as at the close of business on the
date before the cancellation of the Company's listing was announced"
I reckon that makes it 8.5p Chatterjee.
Quite convienent then that the price fell yesterday before the announcement, so Macabe/The Directors can get the shares on the cheap rather then paying a decent amount, yet they claim they are delisting because the share price doesnt reflect the true value of the Company, yet will get to buy the shares up on the cheap|
|johne1: By contrast: -
SUT share price at 18.25p
Shares in issue = 278,508,014 (Ord 10p)
Market cap = £50.828 million?
Not sure how the fundies compare!!!|
|johne1: It looks like the surge in the SUT share price has brought out a lot of profit takers|
|johne1: Eggbird. If you viewed the SUT share price for the first time today, what would be your first reaction?
For me, it would be the spread! - a massive 17+%
That can be very off-putting to investors.
The spread does tighten infrequently. However, generally, new investors know that they would have to make good gains to make back the spread and transaction costs before breaking even. That is, maybe, one reason why they move slowly, if at all.
Obviously, that is just my opinion.|
Sheffield United share price data is direct from the London Stock Exchange