Leggat - MYSTERY OF WHY LAXEY THROW GOOD MONEY AFTER BAD

[ian1964 10,416]

Institutional Investors are professional investors and they are in the business of making money.

 

Whether it be for themselves, or on behalf of others, others who could be you and me via the hard earned cash we entrust to them to invest in our pension funds.

 

Which brings me to the puzzle which is Colin Kingsnorth and Laxey Partners who have invested in Rangers and who have seen the value of that investment slashed under the current regime. Yet Kingsnorth insists he will continue to back the board.

 

What’s in it for Colin Kingsnorth?

 

Certainly not a profit, if past experience is anything to go by. After all, the share price protected by the Rangers regime has been dropping like a stone to 38p, meaning those who invested at £1-per-share have seen their investment slashed by almost two thirds.

 

While those who charged in at the IPO price of 70p have seen their money almost halved.

 

In fact, just last month Colin Kingsnorth waded in with another £1.3M , only to see the value of his extra investment slashed in a matter of weeks. How much longer will it take for the Rangers share price to plummet even further? How much longer before Kingsnorth takes yet another financial hit?

 

So what is Colin Kingsnorth’s continued fascination with a regime which has banked around £53M of his and other people’s dough – including two lots of season ticket money from supporters – in only 18 months, but who, by their own admission will have a mere million left in April?

 

A regime which has seen the value of Rangers tumble since those heady days of Charles Green and Imran Ahmad’s IPO a year ago.

 

It’s as big a puzzle as the one about exactly who it is who is behind the mysterious and highly secretive Blue Pitch Holdings and Margarita Holdings, whose proxy, along with the proxy of Charles Green’s shares, the Easdales hold.

 

No wonder the overwhelming majority of Rangers supporters want regime change.

 

In fact, the only wee gang which backs the board and who had a meeting with financial director Brian Stockbridge arranged by fans’ liaison officer, Jim Hannah, is Vanguard Bears and they are now at the centre of a police probe, plus an investigation into their dodgy activites by the very board they back. Both Police Scotland and Rangers have gone on the record to confirm this.

 

No doubt Jim Hannah is privy to the details as to just who the Vanguard Bears are and will be able to help police with their enquiries.

 

So, if Vanguard Bears thought that by backing the regime they were on a promise of privileged access should the unthinkable for Rangers future happen and the board win the AGM, they can think again.

 

The only privileges Vanguard Bears will be getting will be the ones earned for good behaviour inside the Bar-L. And as for access? When Vanguard are banged up, they will also be banned from Ibrox.

 

That’s right, isn’t it?

 

Blue Pitch Holdings and Margarita Holdings, two dangerously mysterious outfits, Vanguard Bears, a gang which now has the boys in blue on their trail and the Ibrox board it backs investigating it , along with Laxey Partners, an investment company which appears to take pleasure in throwing good money after bad.

 

It certainly is a motley crew

 

And the one thing they have in common is that they are backing the Rangers regime. Peculiar, that.

[the gunslinger 3,366]

Who knows what laxley have been promised but they certainly aren't daft.

[chilledbear 16]

What do Gersnet think Laxey are up to?

 

How do they make their money on this?

[the gunslinger 3,366]

if you leave aside the conspiracy theorys and only look at share price i think they have been conned by green.

 

now they are chasing their losses. bringing the average price paid down so they can break even or profit later.

 

the share equivalent of doubling down at the casino.

[Calgacus 8]

I honestly can not see how an Investment Company can make money from a Scottish Football Club,, unless it is by funding dividend payments from the sale of assets. Even then I don't think we have enough assets to pay a big enough dividends to cover what the shares cost them in the first place.

[Calgacus 8]

if you leave aside the conspiracy theorys and only look at share price i think they have been conned by green.

 

now they are chasing their losses. bringing the average price paid down so they can break even or profit later.

 

the share equivalent of doubling down at the casino.

 

They buy more shares at a cheaper price, thereby reducing the average price paid per share, and then sell when the share price climbs above that average, thus making an overall profit?

[the gunslinger 3,366]

They buy more shares at a cheaper price, thereby reducing the average price paid per share, and then sell when the share price climbs above that average, thus making an overall profit?

 

it's about all i can think of. they also get more influence and can perhaps drive better governance to get the price up.

[chilledbear 16]

if you leave aside the conspiracy theorys and only look at share price i think they have been conned by green.

 

now they are chasing their losses. bringing the average price paid down so they can break even or profit later.

 

the share equivalent of doubling down at the casino.

 

They would still want a competent Board for the share price to rise. Do they see this one with the threats of boycott as the most favourable?

[the gunslinger 3,366]

They would still want a competent Board for the share price to rise. Do they see this one with the threats of boycott as the most favourable?

 

they may already have men on the board to watch things. or maybe they will get them.

 

i doubt anyone takes threats of a boycott to seriously. yet anyway.