Sheffield United Share Discussion Threads

[sussexseagull] 31/12/2008 17:19

CJ32: The answers are......Ryan Mallon and Ian Ross. And add Colin Marrison to the list.

As for the Blades: Two for the future - Jack Adams and Kier Scott.

With regards to the AGM/EGM:

Did KB answer fans Q&A's, or was he (like his predecessor Bryan Robson) 'otherwise engaged' on the *ahem* training ground?

Neil Warnock always found time to turn up at an AGM.........so I suppose that's why he was sacked/left by mutual consent (as applicable)

......Not sure why Bryan was sacked though. Ho Ho.

Thanks for the other info. Appreciated.

[jasper28] 31/12/2008 17:01

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?

[uknighted] 29/12/2008 08:42

C1932 Thanks for the EGM update.
Regards
UK

[outsourcer] 28/12/2008 14:18

Thanks for that Chatterjee

[chatterjee1932] 26/12/2008 20:43

Colin Cryan also played for Droylsden as well as Robbie Page and Jack Lester- apologies. Apparently Lester was sent off for elbowing his ex-teammate.
DroylsdenDare in trouble for fielding an ineligible player- Sean Newton.
Trinity manager Steve Charles was also an ex-Blade- midfielder who played in the mid-eighties.
Looking forward to tomorrow's EGM at 10.30.

Happy New Year

CJ32

[sussexseagull] 25/12/2008 18:37

Robert Page and Jack Lester?

My question to you: Which two former Blades are now playing for Gainsborough Trinity.

Neil Warnock had something to do with that I suppose.

What's the latest with the Chesterfield/Droylsden replay situation?

:-)

[sussexseagull] 23/12/2008 17:39

CJ: I only ever got to speak to Neil Warnock at previous AGM's (with KM hovering nearby) but I trust what you say is true.

......But I'm happy with my lot.

If it's 'easy money' for latecomers then so be it.

But I won't be adding to my holding......but I will be at the Orient FA Cup away fixture.

Et tu?

[uknighted] 20/12/2008 14:29

CJ Good luck. I'm not sure I have enough faith to risk more. I'll think about it over the weekend.
Regards
UK

[chatterjee1932] 20/12/2008 12:15

UK,
it's a great pleasure to contribute to the discussions as well as hear views from likeminded people..
I did quiz Simon on this but he refused to comment on post-announcement share dealing. I have bought shares at the cheap value because I have faith in the directors that the club is run by responsible and fair people who value their smaller shareholders' contributions.

CJ

[uknighted] 19/12/2008 23:09

CJ1932 Thanks for taking the time to share that info. That being the case I don't understand why the shares aren't being snapped up at 4.5p.
Regards
UK

[chatterjee1932] 19/12/2008 21:59

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.

[uknighted] 19/12/2008 21:26

CJ1932 I don't doubt that was the price the day before the news was announced, but how will that become effective as a dealing price?
Regards
UK

[sussexseagull] 19/12/2008 21:20

Interesting stuff chaps.

My remaining holding will realise yet more profit (which in total will more than pay for my past and future trips to Blade games - home or away)

Anyone else (apart from me) on here going to the Leyton Orient FA Cup away fixture?

Rhetorical question I suppose.

:-)

[chatterjee1932] 19/12/2008 18:54

ukknighted,

I spoke to Simon Capper (finance director) today who kindly returned my call. He confirmed the price is 8.5 pence the day before cancellation. However, I don't wish to make any assumptions over how the matched bargain facility will work and if and how the 8.5 pence per share will be paid as a last resort- should shareholders wish to sell.

[chatterjee1932] 19/12/2008 18:45

I don't believe that Kevin McCabe and the board will want to detach fans/ shareholders from the club. There are over 9,000 shareholders and many of those are true supporters. I expect that only in circumstances where there are no other possible buyers, the directors will buy the shares at 8.5 pence. The board will obviously won't want individual shareholders to sell their holdings only if they feel forced to. Outsourcer is right to feel dismayed because of the poor price that appears to be offered by the board. However, I don't think that the board will eventually turn such loyal fans against the club. I am convinced that the board are out to rip off fans. Indeed, the floor price may rise if West Ham money is realised and the progress improves on the pitch.
Hang on in there, Outsourcer. Even if...(when) the company goes private, there is always the chance of a takeover in the long term- particularly to such a well run and famous football club.

[uknighted] 19/12/2008 17:08

Normally a matched bargain means the MM matches buyers with sellers so you can only sell if someone wants to buy - at the price you are selling. It does not specifically refer to the 8.5p quoted on this bb previously, I don't know how reliable that comment was, so be careful.
At the present time I would gladly accept 8.5p.
Regards
UK

[outsourcer] 19/12/2008 16:18

yes, in the first quarter after delisting, after that based on an average price from the previuos quarter I think, which means that Kev will pick all the shares up in the first quarter after delisting becuase otherwise the price after that will be around the levels we are at now, so if you are going to sell you are best to do as soon as delisting.

this is why I cannot understand people selling at 3p and 4p now and letting Kev have them on the cheap

[jasper28] 19/12/2008 16:06

The matched bargain facility being the 8.5p offer?

[uknighted] 19/12/2008 15:08

Be careful. I have just received details from Hargreaves Lansdown. According to them my only options are to sell now or use the Matched Bargain facility after de-listing.
Regards
UK

[outsourcer] 19/12/2008 15:00

despite my protestations I have just bought another 50,000 @ 4.5p to bring average to 8p, so I can sell at 8.5p and break even

[outsourcer] 19/12/2008 14:43

Chatterjee, thats all well and good but most of us Pi's have seen our investments reduce considerably becuase of this when Kev could have easily bought up those shares at a decent price to recompense us.

I have been a fan for about 30 years now and held shares at various times in the last few years and this leaves me with bad feelings toward the club

[chatterjee1932] 19/12/2008 14:21

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...