Sheffield United Shares

[Sean Thornton]

Only because he lost the club, trying to pull a fast one on somebody who turned out to be his match in the financial markets.


I didn't but other people have (obviously, why people are asking what their shares are worth) and also as one poster has said, a family member bought them for him.

okay.

 

[JimPhipps]

Jim, SUL has been funded by Scarborough and the McCabe family for a number of years. They are owed a significant sum as per the accounts. The £50 +/- you quote also includes the hotel and business centre which aren't owned by SUL meaning the amounts due this summer for the assets held by SUL are unlikely to cover creditors. Shareholders rights won't be affected in any way - no dividend, no share value - unless BOTH parties act otherwise. Something I'm sure neither would consider.

I thought you would be aware of this because it looks like a cheap shot.

As I said there are lots of variables, not all of which I know. I make no effort to stay current on the SUL accounts, as I am not an SUL shareholder. That said, SUL holds and is disposing of a big chunk of the optioned real estate assets plus the BLL shares.

When one owns a minority interest in a company that is selling all or substantially all of its assets, it makes sense to tune in.

My note is not a 'cheap shot,' but a suggestion that it would be better for minority shareholders to tune in and get informed/involved, than to simply go along with the 'they're worth nothing' banter. Yes, share value will be affected by all the dilution, etc., through the years, but the assets being disposed of are worth enough for folks to dig into the accounts, to understand the implications of the sale/liquidation on the accounts, and to work to ensure minority shareholder interests are properly dealt with, if it turns out there is value (+/-) there.

 

[Sean Thornton]

As I said there are lots of variables, not all of which I know. I make no effort to stay current on the SUL accounts, as I am not an SUL shareholder. That said, SUL holds and is disposing of a big chunk of the optioned real estate assets plus the BLL shares.

When one owns a minority interest in a company that is selling all or substantially all of its assets, it makes sense to tune in.

My note is not a 'cheap shot,' but a suggestion that it would be better for minority shareholders to tune in and get informed/involved, than to simply go along with the 'they're worth nothing' banter. Yes, share value will be affected by all the dilution, etc., through the years, but the assets being disposed of are worth enough for folks to dig into the accounts, to understand the implications of the sale/liquidation on the accounts, and to work to ensure minority shareholder interests are properly dealt with, if it turns out there is value (+/-) there.

Not so much banter as comments based on the financial information available. At the last accounts date, after showing the £5mshare sale, the creditors were in excess of £49m. Seeing as the figure for total assets bandied around is £50m and some properties aren't in SUL it's not difficult to take the view that there's nothing left for shareholders. Unless of course KMc writes off some of his loans.( l'll let others comment on that).

We already have one poster giving false hope by banging on about dividends. Being engaged is one thing, being led to believe there could be a windfall - my word - is another.

 

[JimPhipps]

Being engaged is one thing, being led to believe there could be a windfall - my word - is another.

100% agree there.

 

[Sean Thornton]

100% agree there.

The "share" now is that we can all share in the excitement and enjoyment of where we are now and the future. This surpasses the Harris and Bassett sides, the owner, players, Wilder, Knill and the team, Bettis etc, and all the staff both football and admin giving the 100% that the fan base has always demanded. Add the league position and that's why we're all walking around with a bigger smile on our faces even than at the end of Chris Wilder first season.

How many would have said that.

 

[Sean Thornton]

100% agree there.

The "share" now is that we can all share in the excitement and enjoyment of where we are now and the future. This surpasses the Harris and Bassett sides, the owner, players, Wilder, Knill and the team, Bettis etc, and all the staff both football and admin giving the 100% that the fan base has always demanded. Add the league position and that's why we're all walking around with a bigger smile on our faces even than at the end of Chris Wilder first season.
How many would have said that.

 

[Harrisblade]

The "share" now is that we can all share in the excitement and enjoyment of where we are now and the future. This surpasses the Harris and Bassett sides, the owner, players, Wilder, Knill and the team, Bettis etc, and all the staff both football and admin giving the 100% that the fan base has always demanded. Add the league position and that's why we're all walking around with a bigger smile on our faces even than at the end of Chris Wilder first season.
How many would have said that.

So good, you said it twice!

 

[Sean Thornton]

So good, you said it twice!

You know l often repeat myself.......