£ value of the Blades

[beightonblade]

The entire company, football, leisure, property etc is valued at a paltry 7 million pounds at the current bid price of 2.5 pence.

 

[Bladesman]

Its better than a kick in the teeth.

 

[Foxy]

Its a worthless valuation however, as you can't just go and buy all the shares at 2.5pence a share.

Due to the plans, there is no big value in trading anything but the controlling stake surely? this is why they are so low.

 

[beightonblade]

Its a worthless valuation however, as you can't just go and buy all the shares at 2.5pence a share.

Due to the plans, there is no big value in trading anything but the controlling stake surely? this is why they are so low.

Not entireley correct.
McCabe has had a controling interest since the cows came home and you would never have bought that off him unless he wanted to sell.

The figures don't add up, a prime target for asset stripping and i wonder if anyone will do that ?

I'll keep quite just now and wait for the news from the EGM but i've got a feeling us small investors are going to get shafted !

 

[Foxy]

Not entireley correct.
McCabe has had a controling interest since the cows came home and you would never have bought that off him unless he wanted to sell.

Yes, but back then all the plans weren't gearing up for delisting.

 

[beightonblade]

Yes, but back then all the plans weren't gearing up for delisting.

My opinion is McCabe has had the de-listing plan in the pipeline for a long time.

 

[Foxy]

My opinion is McCabe has had the de-listing plan in the pipeline for a long time.

That fair enough, doesn't mean the share price wouldn't be effected when it was announced/looking nailed on though does it

 

[beightonblade]

That fair enough, doesn't mean the share price wouldn't be effected when it was announced/looking nailed on though does it

I think McCabes intentions will become clear enough very soon.

 

[Foxy]

I think McCabes intentions will become clear enough very soon.

Once again, absolutely no bearing on the current share price, which is what we were both talking about

McCabes intentions will become crystal clear as they will be met with actions.

I trust if he doesn't just do a bunk with all SUFC's money you'll be apologising to him?

 

[beightonblade]

Once again, absolutely no bearing on the current share price, which is what we were both talking about

McCabes intentions will become crystal clear as they will be met with actions.

I trust if he doesn't just do a bunk with all SUFC's money you'll be apologising to him?

A clear statement by McCabe when the de-listing was announced could have stopped the shares going into freefall in my opinion, McCabe can do what he likes with his and his companies money for all i care.
My opinion is small investors in the club seem to be getting 'sold short' and that is what my gripe is. Of course my opinion may be wrong.

 

[Foxy]

My opinion is small investors in the club seem to be getting 'sold short' and that is what my gripe is. Of course my opinion may be wrong.

Slightly premature though, as nothing has actually happened yet