Warning to shareholders from SUFC

[chipsncake]

Today my father received a 'phone call from a firm of stockbrokers asking him if he was prepared to sell his shares in SUFC to the club. Anyone know the possible reason behind this?

 

[JohnDenver]

Your dad is Kevin McCabe?

 

[raul]

McCabe's struck oil.

 

[BladesMad]

More to the point, what did your father say to them?

 

[lenners]

Today my father received a 'phone call from a firm of stockbrokers asking him if he was prepared to sell his shares in SUFC to the club. Anyone know the possible reason behind this?

Can the 'club' own its own shares?

 

[Sensiblade]

If the Club is as skint as some make out then they wouldn't be able to afford them

 

[beightonblade]

Ask yersen why McWobblegob delisted ? answer that an yer on the reight track.
Oh an the owd un .......... call the EGM at shortish notice and an awkward time

 

[Studge]

Can the 'club' own its own shares?

A limited company can re-purchase its own shares. Trouble is you usually use retained profits (something we dont have) and basically reduce the share capital and create a capital redemption reserve or you did last time I did one about 16 years ago. I believe however that it is possible to re-purchase the shares out of capital but more complex, however as we retain expensive lawyers and auditors this should not be a problem, the 2006 companies act may have simplified this and I seem to rembember a number of law firms touting capital reduction schemes a couple of years ago.

 

[chipsncake]

More to the point, what did your father say to them?

For what it's worth he told them he has no desire to sell.

 

[Studge]

Ask yersen why McWobblegob delisted ? answer that an yer on the reight track.
Oh an the owd un .......... call the EGM at shortish notice and an awkward time

I thought we delisted to save unneccessary compliance costs on running what is effectively a private limited company (with the Mccabe family ultimately owning in excess of 80% of the share capital). Has an EGM been called as this would be suprising as the AGM must be due soon and if so what difference does it make anyway on timing as any resolution proposed will be carried with an overwhelming majority.

 

[beightonblade]

I thought we delisted to save unneccessary compliance costs

in real terms 30bob come off it...............the EGM i was referin to was when MCwobblegob called it to delist.

 

[ghandi]

Today my father received a 'phone call from a firm of stockbrokers asking him if he was prepared to sell his shares in SUFC to the club. Anyone know the possible reason behind this?

Did they mention the price they were prepared to pay?

 

[chipsncake]

Did they mention the price they were prepared to pay?[/QUOTE

Eight and a half pence. They have rung him again this morning so for some reason are very keen to purchase and I'd be suprised if others haven't been contacted also.

 

[ghandi]

Did they mention the price they were prepared to pay?[/QUOTE

Eight and a half pence. They have rung him again this morning so for some reason are very keen to purchase and I'd be suprised if others haven't been contacted also.

I haven't been contacted for the record and wouldn't sell unless it was an offer I couldn't refuse e.g. £2 per share. I don't need the money I'd sooner hang onto my 1000 shares the original lot on launch for which I paid about 80p if memory serves me right. I'll hang thanks very much so they have to send me the accounts and hold an AGM where questions can be asked.

 

[broomhillblade]

A limited company can re-purchase its own shares. Trouble is you usually use retained profits (something we dont have) and basically reduce the share capital and create a capital redemption reserve or you did last time I did one about 16 years ago. I believe however that it is possible to re-purchase the shares out of capital but more complex, however as we retain expensive lawyers and auditors this should not be a problem, the 2006 companies act may have simplified this and I seem to rembember a number of law firms touting capital reduction schemes a couple of years ago.

Thank you for clearing that up...

 

[beightonblade]

Well sum folk say McWobblegob was in a hurry to delist before the outcome of the tevez affair was released ...... now i wunder why he would want to do that ?
sell high and buy low....calls hisen a Blade as well.

what shit management at BDTBL £50million of debt ..................... nowt to show for it.
eeebygum that tevez money didn't half help McWobblegob out.

 

[Linz]

Might have something to do with this

SUFC OS: Warning to Shareholders

Sheffield United wishes to alert shareholders that certain individuals have received unsolicited telephone calls or correspondence concerning investment matters. They have been asked to provide information and personal banking details by an alleged investor but we believe the callers are bogus and we refer you to the following guidance received from the Financial Services Authority:

In recent years, many companies have become aware that their shareholders have received unsolicited phone calls or correspondence concerning investment matters.

These are typically from overseas based 'brokers' who target UK shareholders, offering to sell them what often turn out to be worthless or high risk shares in US or UK investments. These operations are commonly known as 'boiler rooms'.

These 'brokers' can be very persistent and extremely persuasive, and a 2006 survey by the Financial Services Authority (FSA) has reported that the average amount lost by investors is around £20,000.

It is not just the novice investor that has been duped in this way; many of the victims had been successfully investing for several years. Shareholders are advised to be very wary of any unsolicited advice, offers to buy shares at a discount or offers of free company reports. If you receive any unsolicited investment advice:

- Make sure you get the correct name of the person and organisation

- Check that they are properly authorised by the FSA before getting involved by visiting www.fsa.gov.uk/register/

- Report the matter to the FSA either by calling 0300 500 5000 or visiting www.moneymadeclear.fsa.gov.uk

- If the calls persist, hang up.

If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme. The FSA can be contacted by completing an online form at www.fsa.gov.uk/pages/doing/regulated/law/alerts/overseas.shtml

Details of any share dealing facilities that the company endorses will be included in company mailings.

More detailed information on this or similar activity can be found on the CFEB website www.moneymadeclear.fsa.gov.uk

 

[Micalijo]

Well sum folk say McWobblegob was in a hurry to delist before the outcome of the tevez affair was released ...... now i wunder why he would want to do that ?
sell high and buy low....calls hisen a Blade as well.

what shit management at BDTBL £50million of debt ..................... nowt to show for it.
eeebygum that tevez money didn't half help McWobblegob out.

Good stuff BB, like it alot but he did fight pretty hard for that wedge and even without delisting I think he would still have been perfectly entitled and able to take the Tevez wedge as repayments of his loans.

If we had lost Tevez we would owe McCabe millions more and been virtually impossible to sell wouldn't we - even though we are near to that now come to think of it.

 

[judge]

its no big secret is it ? that mccabe has tried to dilute the shareholding for a long time
i think he has been pretty public about this

 

[JohnDenver]

Good stuff BB, like it alot but he did fight pretty hard for that wedge and even without delisting I think he would still have been perfectly entitled and able to take the Tevez wedge as repayments of his loans.

If we had lost Tevez we would owe McCabe millions more and been virtually impossible to sell wouldn't we - even though we are near to that now come to think of it.

McCabe says he doesn't want to sell up, which I guess deters the sort of folk who've bought Cardiff, Hull and other basket cases.

 

[agallonofmagnet]

I also had a telephone call from an American based company saying they would pay between £6 and £17 per share BUT... they wanted me to pay a bond up front when I said NO-WAY, she replied with "thank you for wasting my time" I said "you're welcome" and she put the phone down

 

[shorehamview]

There is a simple way to deal with these cold callers. Tell them to fuck off. Works for me.

 

[JohnDenver]

There is a simple way to deal with these cold callers. Tell them to fuck off. Works for me.

Or, for the helplessly polite amongst us...

If, when you pick up, there's a delay on the line before you hear anything, that means the call is being allocated to a call centre operator, or it derives from abroad (or both).

If your hello isn't immediately met with a response, hang up.

 

[raul]

At work we just make them sit on hold for eons, then make animal noises down the phone before hanging up.

I'm told I do a really good Wolf.

 

[2ndtenorblade]

At work we just make them sit on hold for eons, then make animal noises down the phone before hanging up.

I'm told I do a really good Wolf.

I used to but I'm all right noooooooooooooooooooooooooooooooooooowwwwwwwwwwwwww

 

[shorehamview]

The other option os to buy an airhorn, one of those really loud buggers, and give said cold-caller a good blast. If that burts their eardrums then so be it......

 

[Jon Bon]

Oh I love having fun with cold callers. It doesn't work too well with calls from foreign call centres because of the language barrier (mine not theirs) but I consider stringing cold callers along and turning them inside out to be one of my favourite pastimes, in fact, it should be an Olympic event.

Hello, is that Mr Bon?
Yes, who's that?
It's Kevin from Global Kitchens
Is that Kevin?
Yes
Ah great, I'm glad I've got hold of you. Thanks for taking my call.
???????
Are you ok to talk?
Er, yes....
Great, sorry to call you at work but I was keen to get hold of you.
Ok...????
Now Kevin, I represent a chain of national investment portfolio retailers (or whatever comes to mind) and we're looking for dynamic telephone sales people to take our product to the next level...blah blah blah... Is that something you think you might be interested in?
Er..yes..

Before long they are convinced that I've called them. Don't forget also to drop a couple of words like 'thomasacandyhell' and 'biakabutuka' into the conversation so they go 'what? sorry? pardon...?' Mrs B has told me that however funny it might be, it's wrong and I shouldn't do it but, apart from a fine ale, long blow job and a refreshing cup of tea, there's nothing I like better than taking the piss... especially out of people that ring me to try and sell me stuff.

 

[Deleted member 1486]

Or, for the helplessly polite amongst us...

If, when you pick up, there's a delay on the line before you hear anything, that means the call is being allocated to a call centre operator, or it derives from abroad (or both).

If your hello isn't immediately met with a response, hang up.

If I have nothing better to do I like to keep them on the phone as long as possible. Show lots of encouragement in their product but keep "nipping off" to do something "sorry, just got to nip off for a second, baby's crying" (press mute and leave them sat there for 5 minutes). "sorry about that, you were saying?"... repeat rinse as many times as you can get away with.

Not only does it incredibly irritate them (I'm on the no cold caller list so they shouldn't be fucking phoning me anyway - I find BT, T-mobile and British Gas the worst offenders), it also wastes their time so they can't bug other people and costs them money.

I once also kept a Tory MP door-knocker talking for over an hour on the basis that the longer he talked to me the less time he'd have to talk to people who may potentially vote for him.

 

[Linz]

I personally love call centre people who think they're doing the most important job in the world.

Me: Hello Plusnet, I'd like to leave your broadband please

Them: Why on earth is that?

Me: Your crappy fair usage policy. I'm moving to a company which doesn't strangle my connection when I have the audacity to read more than three emails a month.

Them: Which company is this?

Me: Be There.

Them: But they do cap speeds...

Me: No they don't...

Them: Yes they do. I work for an ISP company, it's my job to know what competitors are doing.

Me: That may well be the case, but they do not cap speeds.

Them: Well no, not at the moment. But they might do in the future.

Me: So you're saying that I should stay with you who definitely DO cap speeds and not go with a company who don't, but just might at some undetermined time in the future?

Them: Shall I just put you through to cancellations?

Me: Yes please!

I don't get too many cold-callers any more because any unknown number gets bumped straight on to answerphone.

 

[Deleted member 1486]

Me: Be There.

You should have gone with 02 instead. Same company (to the extent that if you do a reverse lookup on your IP address it shows you as being connected to Be) but they have a British based call centre (I think O2 is in Lithuania or somewhere ridiculous, if you don't speak like Hugh Grant they can't understand a word you're saying), and you get the added advantages of O2 priority tickets (for 02 academies, arenas and various sport events - unfortunately mostly the English egg chasers and Arsenal games) and £10 a month off your internet package if you have or if you ever take out an O2 mobile contract.

I was on Be for ages and also had an O2 contracted Iphone, didn't realise the advantages of switching to O2 until I read about it somewhere. Be will swap you straight over to O2 even if you are contracted with them.

Also, because O2 are the big cheese, you can get away with murder when your contract is up. Ask to get put through to their cancellations department and everything suddenly becomes half the price you were previously paying