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BrahimHemdani

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Everything posted by BrahimHemdani

  1. BrahimHemdani
    I think that would be true in a large share offer but the costs of producing a prospectus (if indeed that is required here?) and the legal advice, admin involved etc will be a greater proportion of the amount raised in a small share issue I suspect.
  2. BrahimHemdani
    Again I was referring to the larger funding requirement where he may well get an opportunity and I going by past comments I would expect a pre-emptive statement probably softened up by a further diatribe from Messrs Graham and Houston as you suggest. There can be no doubt that the once again the Club we all love is in an extremely serious and perilous position.
  3. BrahimHemdani
    One serious concern about such a small share issue is that the expenses are bound to be a very significant proportion of the amount raised. Others on here are more knowledgeable on that aspect but I'd venture a guess that it's bound to be several hundred thousand pounds.
  4. BrahimHemdani
    Circumstances have dictated that the Club IS living hand to mouth; one and I stress one reason being the translation of approx a third of normal ST advance certain income into bi-weekly ticket sales uncertain income. I was referring only to the possible funding required in the evnt that this issue does or does not succeed as set out in your quotations. The much larger funding required for a scouting network, return to the SPL/Europe etc is quite another matter as you rightly point out. What price an early statement from South Africa berating the Board once again or even a personal appearance?
  5. BrahimHemdani
    KIng has been clear he is not buying from the existing shareholders, has he not (regardless of price)?
  6. BrahimHemdani
    That's the £3 million question and we will soon know the answer.
  7. BrahimHemdani
    If the issue fails then "emergency financing" could mean anything but almost certainly would require some form of collateral security and obviously Murray park would be high on the list. If the issue succeeds then the "additional working capital........ lines of credit, other forms of short term finance or as a component of a further equity raise," are unlikely to require anything more onerous than the currently pledged assets would be required and of course nothing if a new share issue were to be successful.
  8. BrahimHemdani
    It should be noted that this level of subscription would be very small potatoes for the major shareholders, e.g. Laxey - 2,503,229 shares - £500,645 Artemis - 1,653,836 shares - £330,767 River & Mercantile - 1,447,521 shares - £289,504 etc etc Mike Ashley - 905,550 shares - £181,110
  9. BrahimHemdani
    As you point out in the quote at #3; but again this is not news it has been known for some time.
  10. BrahimHemdani
    Whilst this lays bare the extent of the problem, in general terms it's a pretty standard warning and the intention to have a further share issue has been known for some time.
  11. BrahimHemdani
    Desperate times indeed. One can only assume that the 15,000,000 level is something they are reasonably confident of achieving. In essence it would appear that about half of the funds that would be raised is an indirect debt for equity swap in respect of the short term loans and certainly that would be no bad thing in financing terms.
  12. BrahimHemdani
    A certain fine for that!
  13. BrahimHemdani
    Good for them. Hope they got all their players regsitered this time.
  14. BrahimHemdani
    Ah yes, he was wrong.
  15. BrahimHemdani
    Well it's not common knowledge to me, so pray tell. And a "LBG/HMRC plot to destroy Rangers"; how did that work?
  16. BrahimHemdani
    I saw them at Malaga last Saturday and they play a good passing game but had nothing in front of goal and lost 1-0 despite Los Boquerones finishing with 9 men in 6 minutes of added time. Quite surprised that they took care of Napoli 3-1. Their fans are passionate, they must have had a couple of thousand there and it's along way from Bilbao to Malaga, albeit some that I met were from different regions in Spain. Apparently they are the only Basque team that still refuse to field non-Basque players. Good luck to them, they definitely have a chance in that group.
  17. BrahimHemdani
    Leaving aside the impossible debate about the final ST number I am interested in your view that only onfield improvement in some shape or form "could significantly increase tickets sales" to the extent that they would offset the losses that you and others say are mainly due to discontent with the Board rather than discontent with what is happening on the field of play. Is there not at least some degree of contradiction there?
  18. BrahimHemdani
    Does he, where does he say that? Anyway, his best mate FS agrees, more or less. I disagree with GS that Mr King is going to ride in with £50M but lets not go there again, at least not for another couple of weeks. Tell you what I'll do; I'll make sure GS is sitting opposite me at the dinner this time, that should be fun . :cheers:
  19. BrahimHemdani
    I did say at the time that I was incredulous that the Board upon enquiry said that they had reason to believe that ST sales would go up at the same time as they were referring to the possible impact of the UoF/SoS campaign etc. I would be shocked if Deloittes had not demanded to know the basis of the Board's opinion at the time, but ultimately that is a matter for the Board. Since it is manifestly the case that their judgement on that aspect of the Notes to the Accounts was wrong, the very best that they can hope for is that they won't be granted the same latitude by the auditors again. At least it is very difficult to see how the auditors can carry on.
  20. BrahimHemdani
    There doesn't seem to be much between our estimates FS. My information is that the current number is nearer 24,000 than 23,000 and I couldn't honestly say if that includes the freebies and others you mention. You say the "Last figure (you were) aware of was 23, 500 inc the freebies; but you don't say how long ago that was. So the difference between us may be only the freebies and/or others. Splitting hairs are we not? I didn't suggest that ST sales would go over 30,000.
  21. BrahimHemdani
    I'm not suggesting it's a good number what I'm saying is two things: It's a lot higher than at least one poster on here was suggesting for a long time over the summer IF we get an average of say 12,000 paper tickets sold per match and 25,000+ ST sales; then overall we'll be down about 10% and that will be partly offset by the higher price of ST's and the differential in single ticket prices (which is greater for the bigger and better attended games). The clear issue is one of cashflow, overall I don't think there will be big drop in ticket revenue.
  22. BrahimHemdani
    Answered elsewhere but I'd add that the fact that I didn't see through CG until "the interview" puts me in the majority I'd venture to suggest and it does not render my opinions on unrelated matters, or those of others who were similarly taken in, any less valid.
  23. BrahimHemdani
    Indeed we have won but one European Cup Final in 4 attempts; but would anyone say that in reaching those Finals we were not successful? Also I'd say we had a successful run to the Quarter Final of the CL v Villarreal for example; the fact that didn't win then competition doesn't make that run or the Manager unsuccessful. Obviously domestic cups are different in terms of the strength of the opposition; but the same principle applies.
  24. BrahimHemdani
    It is indeed a subjective opinion based on conversations with various folk. The financial situation is indeed pressing, all the more reason to support the Club.
  25. BrahimHemdani
    The figure is accurate, my source is impeccable.
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