chilledbear 16 Posted August 19, 2013 Share Posted August 19, 2013 (edited) Laxey Partners now hold a 6.53% stake in Rangers, confirmed by London Stock Exchange. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11682127 Edited August 19, 2013 by chilledbear 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,151 Posted August 19, 2013 Share Posted August 19, 2013 Becoming key players in the control of the club. Some clarity on their intentions would be useful but I doubt we'll get that. 0 Quote Link to post Share on other sites More sharing options...
Guest SBG Posted August 19, 2013 Share Posted August 19, 2013 Interesting development, if they are onside with Green/Ahmad, then recently the company and the Easdales have put a significant amount of cash in the pot in exchange for shares for a club that is supposedly 10 months from administration (if the stories are to be believed). Bit of a waste of money from both parties if this is the case. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted August 19, 2013 Author Share Posted August 19, 2013 Are the Shares they have been promised in December to be added to the 6.5% ? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 19, 2013 Share Posted August 19, 2013 Are the Shares they have been promised in December to be added to the 6.5% ? i believe so yes. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,151 Posted August 19, 2013 Share Posted August 19, 2013 Are the Shares they have been promised in December to be added to the 6.5% ? Yes, they're still to be included. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,151 Posted August 19, 2013 Share Posted August 19, 2013 Some debate on twitter suggests Laxey are only interested in boardroom stability for them to make a gain in share-price rise. Seems like they may be their own counsel on the best plan for that but they may not be around all that long. Do they anticipate something tangible that will see the price rise over the next 6 months or so? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 19, 2013 Share Posted August 19, 2013 they are predicting a takeover. stability may dictate a takeover rather than a new share issue. they are certainly unlikely to invest in the club and unlikely to want a share issue. 0 Quote Link to post Share on other sites More sharing options...
bossy 0 Posted August 19, 2013 Share Posted August 19, 2013 Their intentions are to make money. If they bought the shares at an average price of 40p and they then go to 50p that represents a 25% return. They will back whoever they think will get them there. Their loyalty is not to Rangers, Green or McColl. It is only to their bottom line. 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,315 Posted August 19, 2013 Share Posted August 19, 2013 Their intentions are to make money. If they bought the shares at an average price of 40p and they then go to 50p that represents a 25% return. They will back whoever they think will get them there. Their loyalty is not to Rangers, Green or McColl. It is only to their bottom line. I agree entirely with your quote above. I dont think we can really have any problem with that. That is the nature of floating the Company in the first place. To attract investors who dont care about the football club and its results on any given Saturday, but care about boardroom stability, careful management and profitable finances. 0 Quote Link to post Share on other sites More sharing options...
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