Millwall Share Discussion Threads

[doorway] 05/10/2010 16:06

im sure this will go private now, might be the only chance of getting my money back bought at .35 at playoffs and get promoted and it tanks,this share lark is total rip off by mms who manipulate stocks.
this is all being done because of the regeneration prospects that will be worth a fortune in my view.

[supercity] 05/10/2010 15:30

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.

[supercity] 05/10/2010 15:10

The lower the price goes...the worse it will be for the fundraising.

Last night if your shares were worth £3K you would have to put approx an extra £4.5K in to take up your rights issue. (market cap £7m)

Today with your shares worth £3K you would have to put approx £7.5K extra to take up your rights issue (market cap £4.5m)

The lower it goes the lower the offer price will have to be and the more shares needed to reach the £11m.

I have never seen such a poorly handled fundraising.

[purple sound] 05/10/2010 15:02

isis,
Anyone who held less than 100,000 Old Ordinary Shares were obliged to give them up.
The proceeds went to two organizations.

[isis] 05/10/2010 14:33

I believe original holders paid 25p a share which is about what they got back - in total!

[isis] 05/10/2010 14:28

So have holders with less than 100k shares been wiped out?

[fathert] 05/10/2010 14:25

Save our share price weeps Smelgy


poor Millwall lions & Smelgy

why did'nt we sell this morning ?

[isis] 05/10/2010 14:10

I looked it up - It'a a home for demented Lions who are on hard times.

Must be busy then. ;-))

[purple sound] 05/10/2010 14:07

Wenny - how dare you kick someone when they're down.
Leave that to the Millwall team.

[wenlynn] 05/10/2010 14:04

isis,
Ask Smelgy - he's been Lion for as long as I've known him.

EDIT I missed an "a" before "Lion"

[boffster] 05/10/2010 14:04

This has been handled terribly, we're told they want to raise a massive sum, but we're not given a price, although one must have been agreed for the large shareholder to offer to underwrite the offer. As a consequence the share price has tanked, and now whatever price was discussed will have to be revised downwards.

[isis] 05/10/2010 14:01

What's the Lions Trust?

Is it an Old Lions Home?

[wenlynn] 05/10/2010 13:57

"Help for Heroes", 602 New Ordinary Shares
"The Lions Trust", 10,210 New Ordinary Shares

These have to be sold quickly !
Don't forget the total number of New Ordinary Shares is 380,000 !
They'll be lucky to get £8 for them.

[fathert] 05/10/2010 13:40

anyone who stands in front of Smelgy gets shafted - man or beast

[lyceeuk] 05/10/2010 13:08

red could not agree more

[reddish tinge] 05/10/2010 13:03

Why blame the market makers ? The company has diluted shareholders and continued to dilute shareholders ever since floatation. You've just been rogered even more by yet more massive dilution.

Save the pathetic excuse of blaming the market makers.

Why not blame the company ?

It's a sad excuse for a PLC.

[doorway] 05/10/2010 12:54

well and truley shafed with the price now...unbelievable..mms really at it..

[reddish tinge] 05/10/2010 12:45

It's at an all time low.

[ladyboyblap] 05/10/2010 12:34

Smelgy,
CART, BP., BARC, AQP and now MWH.

Not a good Track Record.