Cavendish Financial Share Discussion Threads

[flackwell-raineri] 03/7/2003 20:01

Madgooner - You're right - Spurs are a massive club on the verge of glory.

Come on Glenda

[madgooner] 03/7/2003 19:56

F-R, rarely serious! but surely spurs is a big club, they keep telling us so.

[flackwell-raineri] 03/7/2003 19:54

Madgooner - If a serious answer then I think you may have misread Roman - me thinks he is after the glory trail. Hence why he ignored Spurs!!!!

[madgooner] 03/7/2003 19:44

F-R, Real Estate less valuable in Edmonton methinx.

[flackwell-raineri] 03/7/2003 19:42

Madgooner - Your prediction as at 3rd July has a lot of sense to it, BUT there is a long way to go the start of the season and my mate Roman has probably got a longer timescale in mind than the one year.

Time will tell.

PS : Do you wonder why he didn't buy Tottenham ?

[flackwell-raineri] 03/7/2003 19:39

Rambutan - Thanks for the confirmation.

Re:What it is worth - who knows ? If roman suceeds as I sincerely hope then maybe he would want to float at some time, or sell on. Given the rules on club ownership whose to say that he may not one day want to go back to the USSR and buy his local team, or move on elsewhere.

However, as a blue my shares were acquired for sentimental reasons and not bought on any financial logic at all - hence the hefty loss. The only question left is when I reverse my approach (ie Use financial logic, and ignore emotions) then why don't I make hefty gains ?

[madgooner] 03/7/2003 19:38

No chance with the FA, Man U been there for years!

[captain swing] 03/7/2003 19:36

Roman Abramovich

Known for a sort of "encroaching" technique... creates cadres of loyal managers who gain positions in companies he does not officially control... Slavneft takeover was done this way... 'twill be interesting to watch if his influence spreads in the Football League

This is is all I have to say to football "investors" LOL!

[rambutan2] 03/7/2003 19:26

correct, needs 90% to enforce buying of all shares. if more than 10% of shareholders dont accept, then they can continue as minority shareholders in a majority held company, for what that is worth.

[madgooner] 03/7/2003 19:01

jack,

Well 38 games to prove it. Must admit surprised Terry and Gallas are staying, but there you are. Bit lightweight upfront perhaps (Esp if the moody one doesn't perform) , and midfield lacks creativity, 4th again my guess.

[flackwell-raineri] 03/7/2003 18:57

Snowman - Empty vessels make the most noise.

[flackwell-raineri] 03/7/2003 18:56

Marquis - Good posts but I find the post above astonishing - any reader of the accounts armed with a spreadsheet and a calculator could soon see the problems CFC had. Virtually every activity was loss making, and reading the accounts it is clear that some costs were taken to the balance sheet, and thus one could say the losses were being understated. I believe we were about to do a Leeds personally and look forward to our new comrade coming on board.

I too am a shareholder and whilst applauding Roman I would like to retain my holding. I will therefore vote against his kind offer, and hope to remain a minrity shareholder - I think he can only enforce a takeover if he has 90% of the shares, but could someone advise me if this is incorrect ?

[marquis] 03/7/2003 15:12

Chelsea less than a year from collapse before Russian takeover
By Jason Burt
03 July 2003


Chelsea were less than 12 months away from financial collapse, experts claimed yesterday. The full extent of their plight was revealed as Ken Bates, the chairman, claimed he had sold the Premiership club to secure its future. "I think this is a great move for the club and the right time for me to sell up," he said.

It has emerged that Chelsea were struggling to cover repayments of £23m - due tomorrow - which are owed to a consortium of banks as part of an overall debt of £90m. Failure to make the payments would possibly have kick-started the first moves into putting the parent company, Chelsea Village, into administration.

Also on the business front, it appears likely that there will be an inquiry by the Financial Services Authority into the sale of shares just before the £60m takeover by the Russian businessman Roman Abramovich. There was a 50 per cent increase in the share price in the weeks before the deal was announced on Tuesday evening.

[marquis] 03/7/2003 15:03

It might be worth reading this site;



This article was interesting;



Some interesting accusations, I quote directly from the site;

"Another Village tradition is related companies being criticised by the authorities. Seymour Pierce were fined £75,000 by the Financial Services Authority (FSA) this summer after its head of corporate finance was found to have bought shares in companies that he was advising. The fine was imposed on the firm for allowing its 'Chinese walls' to break down. There is a fundamental understanding that finance houses which possess both price sensitive share information as well as an interest in the trading of those shares must maintain an invisible but inviolable barrier, a 'Chinese wall', to ensure that the two pieces of information do not come together as this presents a clear potential conflict of interest.

The FSA investigation centred on the dealing carried out by Clive Mattock, Seymour Pierce's head of corporate finance between June and December 1998. In addition to advising companies, Mattock bought shares in those companies on his own behalf and for private customers. The FSA also criticised Mattock for failing to declare his personal stakes in six corporate customers, and for failing to keep adequate records of transactions he carried out on behalf of his customers. At the time of the offences the company was still known as Ellis & Partners.

For the record the Village advisers at the time of flotation were Neill Clerk Capital Ltd, a company subsequently fiercely criticised by the AIM for its practices in the early days of the market (when the Village floated) before the rules were tightened up. Saffrey Champness Management International, the company behind Swan Management, erstwhile front company for the major shareholders in the Village have been named in Stanley Tollman's indictment as one of the offshore vehicles where Stanley hid his cash. And now Seymour have been caught out insider trading."

[silverdays] 03/7/2003 12:26

the telegraph today says that abramovich will now make an offer for the remaing 50% and take CAV private. harding's widow has pledged her 20% and some others too. But Sky are not guaranteed to agree with their 10% or so and the huge numbers of small shareholders (I bought a few at the float price of 58p) won't all want to sell either, especially if they bought high (up to 170p). What happens if I don't sell? At what % level does it become compulsory to sell the shares?

[madgooner] 03/7/2003 11:43

Also noted that Russians now own some prime ssets in London, oh and a second rate bunch of footballers.

[madgooner] 03/7/2003 11:39

Zola made his thoughts on new owners clear methinx.

[jacklhope] 03/7/2003 09:17

madgooner the little magician was leaving anyway, he,s had his day as one of the finest footballers ever he is making way for new blood next season we will be looking down on you gooners. bet this gets a response

[rambutan2] 03/7/2003 09:00

anyone know where to find the price of their eurobonds?

[rambutan2] 03/7/2003 08:47

anyone know where i can find the price of the eurobonds?

[thegreatgeraldo] 03/7/2003 08:38

also noticed someione had a decent chunk at 43p !!! ????

[marquis] 03/7/2003 07:55

thegreatgeraldo - 02 Jul'03 - 09:57 - 67 of 68
Flackwell-Raineri - 02 Jul'03 - 19:16 - 68 of 68

The jump started early May 2003.....
Re: 'trading inquiry', I've heard speculation that there is to be one....
Re: 'follow the inside traders and pile in', they could have been wrong and/or the talks could have broken down....

Interesting to look at the trades yesterday (2nd July 2003), because trade 21 sold 10,000 shares at 40p, whilst the offer price from the Russion Oil Billionaire was only 35p.

[madgooner] 02/7/2003 21:56

then again.........