BrahimHemdani
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Everything posted by BrahimHemdani
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I don't think he's in a very strong position to be firing warning shots at the Board, do you?
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With a squad of 30/32 players and say 7 out through injury and suspension it's just a stupid thing to say; trying to be funny and failing miserably.
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Standard practice, means absolutely nothing. He's a self-declared Hearts fan anyway.
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Redford was a classy player in a classy midfield. Puts a different perspective on your life when former athletes younger than you pass away. RIP
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Wrong thread perhaps?
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Very long term I'd say. At that level the cost (£5-£10) would be disproportionate plus it would need 650,000 of us or 1,000 to do it 650 times. It's all very well in principle Andy but as the RST experience shows it would be extremely difficult if not impossible to achieve in the real world. Let's assume for a minute that those who contributed to the £250,000 that RST raised to buy 357,000 shares (and note that almost half that number of shares have been sold in 17 trades today, not the RST shares I stress, so far as we know, of course; just demonstrating the comparative size of the holding [0.5%]) were the people most likely to buy shares on a group basis. For every £1,000 that such a person has invested he now has £385. Is such a person going to invest another £1,000? Sure, again in theory that averages down the cost of his holding to 48.5p; but would you take the risk? What about the other 12%-13% of fan shareholders, will they buy more? I suppose Mr McCoist might but how many more would join him?
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Yes, spotted it just before I read your gentle correction, thanks.
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Quite so and avalanches have a habit of gobbling up all before them.
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A very small sale at 27p just after 4.00pm; last 4 sales at 28.5 or less; total today now 166,534. I'm not going to say panic is setting in; but I think a lot of people who bought at 70p are wondering if it will ever get back to anything like that price and settling for what they can get. An interesting piece of basic maths shows that whilst the price of the shares has fallen 61.5%; it would take a rise of 159% from here to get your money back.
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Well whatever way you look at it there is now some fairly serious money starting to jump ship; even if its tens of thousands, not hundreds of thousands far less millions. There is a thing called the herd mentality perhaps there is a round up in motion?
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I like your team especially McAusland at RB and Faure at CB but I'm sure you know that Ally won't ditch McCulloch or Foster for that matter as like it or not he's our only genuine RB and can also play LB quite comfortably. Other than paying off their contracts how exactly would you or anyone else who is making the same suggestion, get rid of the dead wood?
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Worth a shout; we could have done that at Stenhousemuir, taken off the goalie to keep 10 outfield players; I shouted at Ally but he didn't pay any attention.
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Alec Clelland and a certain Gary Bollan were the occasional wing backs. Joky Bjorklund occasionally played in the middle of a back 3 for Smith; as did Bert Konterman (when he couldn't get a game anywhere else) for Advocaat.
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Touche! A bit of a worrying trend developing?
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Correct that again, 100,000 went at 28p and a total of 158,000 so far today; small potatoes in the overall scheme of things (0.25%) but lots of 1,000's to 5,000's; does look like small investors are getting very nervous.
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The first thing any banker would or certainly should look at is your ability to repay, the security required is secondary; banks don't want to be in the business of foreclosing loans.
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Yes to both; and on the second point, it is, in my opinion, but it depends on the price you have to pay for the facility. I know another company in exactly the same position who had a big overdraft which they managed to pay off and would like a facility "just in case"; but the fee demanded by the bank (because they have to set aside the money i.e. they can't lend it to anyone else, even if you don't take it up) is prohibitive. Rangers will be in a much stronger position to borrow, if required, once we are back in the SPPL/Europe but wouldn't it be wonderful if we could do that and remain debt free?
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I agree with this except that of course a share issue, which now looks inevitable, would dilute the existing shareholders ownership (unless they took it up themselves in proportion to current holdings). The big questions are: when, and at what price Before Christmas it looked like 30p, now perhaps 10p-20p. One thing you can be sure of, discussions will have taken place and be ongoing. And it still begs the question of whether he would invest if he can't become a director.
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Unfortunately this is the legacy we find ourselves in as a result of the financial mismanagement of the Club (and there are those who would say with some justification that it is continuing to this day). The price of shares is cyclical i.e. it tends to go up and down over time; but unlike say shares in RBS which are affected not just by the Bank's profitablity but also by the profitability of other banks and the market in general, the shares in RIFC are traded more in a vacuum. The question you pose is interesting on a number of levels. Investors generally will have a "stop loss" price i.e. a price at which they sell because they think that if they don't they will lose even more money. I'd be shocked if institutions like Artemis didn't have a stop loss or sell discipline on Rangers. Companies like that have to work to stringent risk controls and questions would be asked by THEIR shareholders if they simply stood back and watched the share price go down and down. (They will also have a target price i.e. a price on the upside at which they will or should sell; but there is no prospect of that price being reached any time soon.) That said, forcing the price down is quite another matter and may well be illegal. If some kind of concert party got together to sell shares in order to force the price down to a level where others would sell and the price went even lower and they could buy again, it most likely would be. You are correct that none of this would benefit the club unless as you say it means that some other group that you prefer saw it as an opportunity to mount a takeover. But that was the situation three years ago and it didn't happen. Jim McColl, Dave King, Donald Park and the others in the Members Club etc had their chance then and didn't take it, so we ended up with Whyte and the rest is history. Out of the frying pan....... comes to mind. However, if that other group were to be the fans......... But even if you could buy every share in issue at 10p, you would still need to raise more than 25x what RST raised for shares in newco, admirable as that effort was. If by "starving them out" you mean not buying merchandise/season tickets etc, then I personally do not agree with that course, because the team on the park would suffer in at least two ways: lack of investment lack of support Again I know that opinion on this is divided but personally I will always support my team by paying to watch them play. Like it or not the current directors and investors are in control, seem oblivious to the views of the fans (and let's face it you would be too especially given the antics of some who have portayed themselves as our representatives) and I do not see any significant changes over the next 2/3 years unless as you say someone comes along with more money than sense and buys them out for funny money. What price that scenario? Hope this helps a bit more, need to go do some work now.
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Perhaps he does. Certainly he made a big thing of coming over here and talking to both sides and allegedly tried to broker a compromise solution; but he failed with that and so far has not put his money where his mouth is. As to the rest of us, perhaps (like him?) we view it is a too big a risk. Over the past 3/4 years many have said they were going to invest significant sums, few have done so.
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Goood morning. I think the answer to this is straightforward as I have said in two recent threads (and at the risk of upsetting Zappa again). If you were going to invest millions in Rangers you would want a seat on the Board, perhaps you would want to be Chairman of the Board. IMHO King won't get a seat on the Board for two reasons: The current Board won't invite him, because they see him as a threat and would prefer to get more instititutional money where they can control the votes. Their success at the AGM will have reinforced this strategy, AND, in any event; King will not pass the SFA "fit and proper" test because - "he has been convicted within the last 10 years of an offence liable to imprisonment of two years or over, and/or he has been a director of a club in membership of any National Association within the 5-year period preceding such club having undergone an insolvency event i.e Rangers FC". I stress I am not trying to re-open the King - fit and proper debate yet again, just giving my opinion in the light of your valid question. I am aware that many are of the opinion that because he paid the fines and did not go to prison, he escapes the first part of the test, I disagree; but agree or disagree I don't see how he can escape the second part because it is a fact. I suppose he COULD argue some kind of special circumstances and the SFA COULD chose to ignore or set aside their own test but here again IMHO, in the light of the events with Whyte, is that really very likely; I think not. I will be the first to eat a humble bears pie if I am wrong. On your last point: What price would you sell Ibrox for? What rent could you afford to pay to lease it back? Would you be happy with a board that sold the stadium, even to King; and thus mortgaged the future to one man for short term gain? And yes, he could simply dip into his pocket and buy us a player or two or pay the wages; but do we really need any more players at this time when we are 17 points clear with 17 games to go, I don't think so. Most if not everyone on this forum agrees we need less not more players right now. Perhaps he could do a Dermot Desmond when we get back to the SPL but Mr Desmond is a director of Celtic FC; which takes me back to my first point. Lastly and perhaps even more obvious, could it be that even at 30p he sees it as too big a risk?
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f'sister, I couldn't understand your post till I realised that what you mean, I think, is "there is no great desire by large shareholders to sell/deal at a price that is acceptable to someone like King ". With that alteration, I agree. Edit: see #24 below; he may well see 30p as too big a risk; somewhere in the region of 10p-20p could well be right.
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Well, even if they gave us £2,000/week; that'd be a £100,000 to start the ball rolling.
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I think a lot of ours would struggle to answer 50 questions never mind 150. Another issue might be - are the coaches smart enough to teach the players? BTW is this guy Jacques Crevoisier related to Emmanuel Courvoisier much loved by a certain Napoleon Bonaparte (allegedly)?
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THE FOLLOWING SHOULD NOT BE CONSTRUED AS FINANCIAL ADVICE If the share price rises whether to due to improved financial prospects, sentiment or whatever and you buy now and sell at a higher price than you paid; then of course you will make a profit. However there are so many obstacles in your way e.g: • Can you afford to buy enough shares to make a real difference to you if your strategy is successful? • Are you willing to take the risk? • Would you be disciplined enough to set a sale price and stick to it no matter what; the professionals often don't, would you? • Can you afford to lose some or even all of the money you invest? Remember also that Capital Gains Tax will apply at 18% or 28% (depending on your income) if you make a gain of more than £10,900 at current rates. I gave the analogy of the value of a house. Throughout my 30+ years in financial services, I consistently advised clients to view a house as a place to live in, not an asset to make a profit on. The reason for that is obvious. Since you will always need somewhere to live; if you sold a house in a time of rising prices you would likely have to pay a high price for another and vice versa. The exception is down-sizing in retirement. Of course shares are not the same BUT....... If I was able to offer you financial advice which I am not; then I would urge you to view any investment in shares of Rangers FC as something of sentimental value only, that you might attend the AGM and have your say, hang the certificate on the wall and perhaps hand down from generation to generation. But remember that that was what I thought I was doing with my certificate for 1,000 shares in oldco...............
