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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Millwall Hldgs | MWH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 175.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 175.00 | 175.00 |
| Top Posts |
|---|
Posted at 07/11/2011 13:27 by chinese investor Smelgy,I represent serious far east investors. You are obviously an important person at Millwall. How can I contact you? |
Posted at 06/11/2011 13:41 by supercity i think the rose tinted specs need to come off pal...i posted 12 months ago how the huge rights issue seemed nothing more than a backdoor entry to a cheap takeover (other thread).once delisted they could transfer their debt on to the club and if they get 90% they could compulsary purchase the remaining shares at any price...remember this... unfortunately it's just another example of the small investor getting screwed. |
Posted at 04/11/2011 06:32 by isis Millwall owner John Berylson to delist Championship football club from marketsAmerican businessman John Berylson is to take Championship football club Millwall private after more than 20 years on the public markets. As recently as five years ago, Millwall's shareholder list was dominated by small shareholders and fans Photo: PA By Jonathan Russell6:00AM GMT 04 Nov 2011Comment Mr Berylson, who is known to want to redevelop part of the club's grounds, has been slowly taking control of the business since he first invested £5m in 2007. A raft of restructurings including a 100,000 for one share conversion, equity raising backed by Mr Berylson and now the delisting have left the club's chairman in near total control of the club. Millwall shares fell 37pc to 275p on the announcement of the delisting of the shares. As recently as five years ago the shareholder list was dominated by small shareholders and fans. Mr Berylson and other directors have already pledged to vote their 77.9pc holding in favour of the recommendation to take the club private. The move could help Mr Berylson and the board of Millwall in their stated aim of redeveloping the club's stadium and surrounding grounds. The value of the grounds around the club's New Den stadium are unknown as they are carried in the Millwall accounts at cost minus depreciation. Any development of the grounds could significantly increase their value to the remaining shareholders. RELATED ARTICLES M&A is alive but struggling to kick 02 Nov 2011 Why the population boom is significant to investors 29 Oct 2011 Global markets soar on EU debt deal 27 Oct 2011 EU debt deal: effect on commodities 28 Oct 2011 Takeover Panel considers extending rules to Aim-listed firms 29 Oct 2011 Despite recently winning promotion to the Championship, Millwall remains loss-making. In recent years it has survived on loans from Mr Berylson, many of which have been made at above market interest rates. Mr Berylson has seen his stake in the club rise to its current 70pc level in part through the conversion of the loans to equity. By delisting its shares Millwall follows Newcastle and Manchester United in withdrawing from the public markets. Manchester United also recently postponed plans to re-enter the public markets through a listing in Hong Kong. In its announcement, Millwall said it was delisting its shares in order to cut around £100,000 per year in costs and because of the low frequency of trading in its shares. The company said it would set up a third-party trading facility to try to help small shareholders exit the company. However, it said there was no guarantee sales orders would be able to be matched. Millwall has been one of the most widely-held stocks on the public markets with thousands of fans buying tiny stakes in the club when it floated more than 20 years ago. In the announcement the club said it was proposing its last day of dealings on the Aim market would be on December 16. The proposed withdrawal from the public markets would take place three days later. |
Posted at 03/11/2011 19:22 by chinese investor Smelgy,I represent serious far east investors. You are obviously a big player. How can I contact you? |
Posted at 03/11/2011 16:04 by supercity well i didn't see that coming 12 months ago...shareholders shafted...glad i sold out at £20 per share equivilent Proposed Cancellation of Admission to AIM Share this article print TIDMMWH RNS Number : 4032R Millwall Holdings PLC 03 November 2011 Millwall Holdings PLC (the "Company") Announcement of Proposed Cancellation of Admission to trading on AIM Having undertaken a review of both the advantages and disadvantages of maintaining admission of the Company's ordinary shares ("Shares") to trading on AIM, the Directors have concluded that a proposal to cancel the admission should be made to shareholders in an extraordinary general meeting ("EGM"). In reaching a decision to propose this to shareholders, the Directors have taken the following factors into account: -- in the Directors' opinion, the trading price of the Shares does not reflect the true value of the Company and its business; -- given the overall market conditions for small listed companies, the Directors are of the opinion that it is (and will continue to be) difficult for the Company to attract meaningful equity investment through its listing on AIM; -- the AIM listing of the Shares does not, in itself, offer investors the opportunity to trade in meaningful volumes or with frequency within an active market. With little trading volume, the Company's share price can move up or down significantly following trades of small numbers of shares; and -- the Directors estimate that annual direct and indirect costs of the Shares' AIM listing are at least GBP100,000. This estimate includes listing expenses and advisory, legal and audit fees but excludes any costs associated with the considerable amount of senior executive time which is also spent dealing with the issues related to the AIM listing. Following careful consideration, the Board believes that it is in the best interests of the Company and shareholders to seek the proposed AIM cancellation at the earliest opportunity. The AIM cancellation is conditional, pursuant to Rule 41 of the AIM Rules, upon the approval of not less than 75 per cent. of the votes cast by shareholders (whether present in person or by proxy) at an EGM. A circular and notice of EGM will therefore be published shortly, to convene an EGM to be held on 1 December 2011. The Directors consider the AIM cancellation to be in the best interests of the Company and shareholders as a whole. Accordingly, the Directors unanimously recommend that shareholders vote in favour of the AIM cancellation as they intend to do (or to procure that others do) in respect of their own direct or indirect legal or beneficial interests representing, in aggregate, 77.87 per cent. of the issued Shares. The Company has separately notified the London Stock Exchange of the proposed AIM cancellation (subject to the passing of the resolution at the EGM). If shareholders approve the proposed cancellation, it is anticipated that the last day of dealings in the Shares will be 16 December 2011 and the effective date of the AIM cancellation will be 19 December 2011. Principal effects of the proposed AIM cancellation The principal effects of the proposed AIM cancellation would include (amongst others): -- there would be no public stock market on which shareholders can trade their Shares. While the Company would intend to put in place a third party trading facility, there can be no assurance that a shareholder would be able to purchase or sell any Shares following the proposed AIM cancellation; -- no price would be publicly quoted for the Shares; -- although the Shares will remain transferable they will cease to be transferable through CREST. Instead shareholders who hold shares in uncertificated form prior to the proposed AIM cancellation, will receive share certificates; -- the Company will no longer be subject to the AIM Rules and, accordingly, it will not be required to retain a nominated adviser or to comply with the requirements of AIM in relation, amongst other things, to annual accounts, half-yearly reports and the disclosure of price-sensitive information. -- Shareholders should note that following the proposed AIM cancellation, the Company will remain subject to the Takeover Code for a period of 10 years from the effective date of the proposed cancellation. Accordingly, shareholders will continue to receive the protections afforded by the Takeover Code in the event that an offer is made to acquire their Shares. Transactions in the Shares following the proposed AIM cancellation The Board is aware that the proposed AIM cancellation, should it be approved by shareholders, would make it more difficult for shareholders to buy and sell Shares should they wish to do so. The Company would therefore put in place a third party trading facility to assist shareholders to trade in the Shares. Under this third party facility, shareholders or persons wishing to acquire or dispose of Shares would be able to leave an indication with the third party facility provider that they are prepared to buy or sell at an agreed price. In the event that the third party facility provider is able to match that order with an opposite sell or buy instruction, it would contact both parties and then effect the bargain. When such arrangements are set up by the Company, details would be made available to Shareholders on the Company's website at www.millwallholdings If shareholders wish to buy or sell Shares on AIM they must do so prior to the proposed AIM cancellation becoming effective. As noted above, in the event that shareholders approve the proposed AIM cancellation, it is anticipated that the last day of dealings in the Shares on AIM will be 16 December 2011 and that the effective date of the AIM cancellation will be 19 December 2011. Expected timetable of principal events Publication of Circular, Notice of EGM and Form of Proxy: 8 November 2011 EGM: 1 December 2011 Last day of dealings of Shares on AIM and in CREST: 16 December 2011 Proposed cancellation of admission to trading on AIM: 19 December 2011 For further information please contact: Millwall Holdings plc Tel: +44 20 7232 1222 -------------------- Andy Ambler -------------------- Tom Simmons -------------------- Singer Capital Markets Ltd Tel: +44 203 205 7500 -------------------- Claes Spang -------------------- Nick Donovan -------------------- This information is provided by RNS The company news service from the London Stock Exchange END MSCUGGPGGUPGPPP |
Posted at 02/11/2011 13:41 by mylands Amongst other reasons there are two major points to consider when looking at the fall in the share price Firstly, we are in a bear market and tiddlers always suffer badly when punters flee the stock market as they see their investments fall in value. Secondly the consolidation the company enacted in October 2010 totally zapped the turnover in the stock. From punters investing in tens of thousands of shares they overnight were punting in a share valued at 800p and turnover plummeted and has never recovered. I agree the share price will only start to reverse the downward spiral if and when we get into the top 6 in the Championship. So, now is the time to buy before the few investors out there who are interested in MWH start to jump on board. |
Posted at 05/10/2010 16:30 by supercity The rights issue is near enough fully underwritten by CHESTNUT HILL VENTURES the chairman and chief exec is also the millwall chairman...the lower the share price the more unlikely investors are to take up the issue.The lower the price the more shares will need to be issued to attain the £11m. The more shares that need to be issued the bigger percentage share of Millwall CHESTNUT HILL VENTURES are likely to own. It stinks of an underhand management buyout to me using CHESTNUT HILL VENTURES to mop up the company. |
Posted at 04/10/2010 16:27 by supercity 3 for 2 would only work at todays price...who would want to buy more shares at the current level.I think you are looking at nearer 3 for 1 @ £10 (half todays price). If you buy 3 more for your current 1 share it would be (376610 x 3) 1,129,830 new shares to hit £11m they need to be offered at approx £10. This means at todays price the minimum you will have to put in to new shares is 1.5 times your current portfolio. e.g. if you own £3,000 worth you will need to find another £4,500 to take up your entitlement. It HAD to be underwritten because there wont be many small investors taking this up...if you are not taking it up then for goodness sake sell and buy back after they hit the market or you could lose out...it is a safe bet the share price will fall to compensate the new shares...imo. ...my figures are based on todays price and only my view...do your own research. |
Posted at 14/9/2010 15:02 by smelgy ............we will now experience a fair-bit of small parcel selling by investors with smaller holdings who will want to take the money and run. This will enable those of us who have much larger stakes to add to our holdings at a cheaper level over the coming two weeks or so. |
Posted at 02/6/2010 23:16 by magwash It's quite surprising some of the 'investors' (I use that term lightly - as they are anything but investors) who are moaning abount market makers not being fair. It's quite revealing these same whingers haven't even looked at the financial statements to see exactly why the valuation it reached recently was just speculative on the back of gamblers buying for a quick trade. Instead they want to blame everyone else for their investment failure, except themselves.Look at the financial statements.... Last year, year ended 30th June 2009 : debt : c.£9m total liabilities : c.£16m net assets : £663k Now look at the latest figures .. year end March 30 2010 : debt : c.£11m (+£2m from last year) liabilities : £18m (+£2m from last year) net liabilities : -£1.1m (-£1.7m from last year) Now you see ? What are you exactly buying when you buy this share ? The compay has NO positive net worth / net assets. ll this talk about it being a property play is bull. Why ? Because liabilities outweigh the assets (including the property) which means the net assets are NEGATIVE. In other words they dont own the asssets (including the property) - the creditors do. When you are buying this share, you are not buying into any assets - nor any property, nor land or cash.... you are just buying a worthless instrument. At some point the company will have to raise a heck a lot of money to wipe out the net liabilities otherwise it will be technically insolvent. Read the financial statements FFS.... then you'll understand why the share is behaving the way it is this time round. |
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