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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sheffield Utd | SUT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 | 6.50 |
| Top Posts |
|---|
Posted at 14/10/2010 20:25 by sussexseagull Investors from anywhere outside Bramall Lane wouldn't go amiss. |
Posted at 01/10/2010 15:23 by johnstonp Potential outside investors from Malaysia ? |
Posted at 28/3/2009 00:26 by chatterjee1932 Outsourcer,I have good news for you. I phoned Barry Jenkins this morning and he has been instructed to extend the first quarter to the end of May- given the difficulties of setting up the matched bargain facility- IAF securities have had to pull out and be replaced by Jarvis Securities. Barry also kindly informed me that some investors had pulled out of their sell orders and that there was considerable interest for shares following the Tevez compensation news and the realistic chance of promotion back to the Prem. The club today has also announced a six figure extension sponsorship deal with the Maltese Government. Hope this helps you back in Gibraltar. I trust that you are still living on the postage stamp? Chats |
Posted at 31/12/2008 17:01 by jasper28 If the shares are set at 8.5p for the first quarter, will the share price be decided upon by the directors each other quarter.So in my understanding, we are able to keep our shares but the share price value will be ajusted by the directors. If an investor comes in and want 100% of the club an oportunity for a decent price could be offered? Could anyone clarify? |
Posted at 19/12/2008 21:59 by chatterjee1932 Simon Capper explained that the directors in principle have agreed a floor price of 8.5 pence for the first quarter. This is the very least that they agree to pay. I believe that there is an AGM straight after the EGM to perhaps discuss this.I am reassured that the directors are doing the de-listing for the good of the club. Having researched the costs per annum of AIM, I put the figure of 150k per annum to Capper today and he agreed that the figure was about right. He also said that there is no obligation to buy every one of the shares to de-list but I reckon that if they did pay out for this, then that would cost around 500k worth of shares at 8.5 pence per share. With no bank or commercial investor prepared to loan any money to the club in the current and future climate, there will be no reason to stay listed. Gradually there will be few football clubs left on the market. I am sure that Karen Brady will realise that Birmingham City plc should soon follow United into private ownership. |
Posted at 19/12/2008 14:21 by chatterjee1932 Spoke to Finance director this am and feel much happier now. The reason for de-listing mainly due to lack of commercial investors that previously made listing on AIM worthwhile- eg investment into re-building John Street stand. No pressure for p.i.'s to sell on de-listing. Future is still bright for Sheffield United. I understand that the other half of the city are getting their act together in a different climate. May be both clubs can prosper when clubs will have to rely on traditional fanbases rather than foreign investment... |
Posted at 15/12/2008 17:25 by chatterjee1932 Outsourcer,your shares will probably be a nominee holding that are quite a popular way of investing online. However, ring you broker to find out. If they are in a nominee holding, you will have to make a decision on whether to transfer them to your name. I just feel that the board will be loathed to hand money back to smaller shareholders and may offer other incentives to private investors. Nominee account holders might not necessarily receive anything. However, please do your own research and I shall try and pass on the outcome of the meeting. Best Wishes, Chatterjee |
Posted at 11/12/2008 02:40 by janes bond It would be interesting to know how many fans are/have been share holders. Not a large proportion, perhaps?If there are many of them, there may be a protest at the club, on a match day. If there are not many of them, anyone protesting might just make fools of themselves. Either way, it would make entertaining viewing. Unfortunately, not for me. My guess would be that it will just blow over, as most sports fans are interested in the sports and will be looking out for performance and results. Most investors are interested in money and will move on to other lucrative deals. |
Posted at 09/12/2008 17:56 by 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.... |
Posted at 30/5/2008 22:38 by jasper28 As per my post may 21st, it has begun.I'm not sure what the investors will get, but it may attract some short interest as people may try and jump on the share Monday to make a quick profit in anticipation of a share purchase. We'll have to wait and see. I'm not all together convinced that its in the intrest of the club, but just removes the club from the other money ventures and allows the club to be sold as a football club and not a complete business which involved Mcabes other intrests. Could be good or bad for the investor, and football fan alike. |
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