BrahimHemdani
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Everything posted by BrahimHemdani
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Sounds like a plan.
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Communication is a problem with Cribari, he doesn't speak much if any English and not sure about his French. A "defensive coordinator" a la American Football might not be a bad idea. How about Gough or Numan?
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They might possibly be able to do it on the basis that he oversaw and took no action to prevent the losses; but you would need hard evidence say of bad advice to the Board and getting negative evidence would be extremely difficult, unless there's a memo somewhere that says something like don't worry boys we can afford the wages or this or that. In any event, he can say that the board made all the big decisions and he was only a part of the board. Of course, you could just do it and take your chances in court but most likely it would have to be settled out of court and then there's all that dirty linen to be washed..........although a lot of that is already out there. Might be worth it in the long run and maybe he would take a year's money as a pay off; but then where does he go next with his reputation in tatters?
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Who would be your choices from the current playing staff or who would you have brought in and at what cost?
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Apparently YES, you do. The FSA has implemented the EU Transparency Directive (TD) so that for UK-issuer s the previous notification thresholds are retained (usually when a shareholding reaches 3% and at each percentage point thereafter). http://www.burges-salmon.com/Practices/corporate/Publications/Disclosure_and_Transparency_Rules.pdf However at the moment, there is no purchase showing so it looks like a broker is sitting on around 2,000,000 shares hoping to find a buyer at above 24p. Don't know what the rules are about that. Largest transaction so far today is 50,000 bought for 28p.
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That's confirmed in the Stock Exchange Announcement on the other thread; zero balance now. Also see this comment in the discussion board. Richard Hughes of Zeus Capital was one of the original Spivs who got his 2.2M shares for £0.01p each. The RNS messages states that his holding is now 0, hence he has sold the lot. We don't know who the buyer is though.
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That would have done for this season and possibly next; and would also have allowed a Faure/Mohsni central defence, which seems to be most people's preferred option, with Cribari (since we're stuck with him) McAusland and Gasparotto as back up.
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Richard Wilson - Shares, Players and Financial Controllers
BrahimHemdani replied to chilledbear's topic in Rangers Chat
All good points, most if not all of which have already been made on Gersnet. -
Simonsen, Cribari and Hutton are the only ones, so far as I know.
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He can't "sack the Board", Pete; even Stockdale, since he just won shareholder approval and has the support of the Chair who also just got elected.
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Nothing new in the BBC comment as can be seen by: and the share price has been discussed ad nauseum on Gersnet; you read it on here first.
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Hopefully the employment of Mr Wallace will start a new trend.
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Sounds a bit like the RFFF which has had its fair share of controversy has it not? (BTW I understand that it raised about £650,000. and that its balance stood at £530,663 in November 2012; but I can't find anything more up to date and googling doesn't even find its web site.) But, absolutely it (a membership scheme) would; but is it going to happen, not it isn't; at least not right now. Why isn't it going to happen - because it would mean the Board surrendering control of part of the Club's finances to others and the last people on their list are supporters. If the RST had been able to raise £25 million rather than £250,000 (commendable as that was) and remember that only £10 million in total actually was set aside for supporters and only half that was raised; then it might have been a different story. A membership scheme needs approval and planning by the club, that isn't going to happen any time soon.
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I sense the frustration in every word, Andy. However, it is clear is it not that the major institutional shareholders made a choice between the current Board with the recent additions and the requistioners; and they chose the former. That doesn't make it a conspiracy.
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I thought you agreed with me? Aside from someone simply coming along and dumping a briefcase full of readies on the table, how else are they going to raise more money? Sell players, sell the stadium, sell Murray Park, sell the Albion, sell the silverware? Sure next season we can hope for increased revenues form ST sales (maybe) commercial deals, sponsorship etc; but first we need to get to next season. Hence a two-pronged approach (a) cut costs (b) raise new money. Let's wait and see what Wallace comes up with; I suspect he may think of things that we don't! I am sure they will do whatever they can to drive the share price up before any new issue. A low priced share issue will dilute the existing holdings but it also might give the existing shareholders a chance to make some money on the new shares.
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Either. My opinion, for what it is worth is the former; it may need to as low as 20p to attract sufficient interest. Am tempted to say 10p-20p?
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Fair point, Craig; but why else would your sell at 24p unless you bought at 1p?
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If it was then they may well have been just averaging down the price of their holding.
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If it was then they made £100,000 in about an hour, on paper that is anyway.
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Was there actually a buy recorded for the balance of 2.25 million between 13:05 and 13:24? I missed this today and was actually going to stop posting lest the price falls became self-fulfilling. More buyers than sellers after 1.30pm certainly and the price back up to 28/29p. Looks to me like 24p was a stop loss price for someone or something. If those were shares bought at 70p then someone's taken a £1.15 million hit.
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The point I was trying to make is that current investors make assumptions about what might happen in the future in order to assess the likely income/profitability of the club. Of course, in a football sense, we have to walk before we can run.
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Madjid Bougherra: ‘I’d play at Rangers for free’
BrahimHemdani replied to ian1964's topic in Rangers Chat
Probably zero salary and two round trip tickets per fortnight to Qatar, first class of course, a lodge at Cameron House, porsche etc. -
I think if you would be good enough to re-read what I said I didn't say that European revenue should be in the budget, I said "increase income". Actually I more or less agree with you, though I think it is almost inevitable that if we are going to be able to attract and retain better quality players in future, some Euro money will have to come into the picture.
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Absolutely no question that we have to slash costs in order to attract more investment until we can increase income though Europe; although a more competitive league next season will allow an increase in season ticket prices and hopefully sponsorship and commercial deals.
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Last August he was looking for upwards of 75p, may well be more realsistic now.