Rangersitis 0 Posted September 30, 2014 Share Posted September 30, 2014 I think it was probably wrong to suggest they were "dumped" on the market. For a broker to take on that amount of shares he would almost certainly have to have a buyer lined up or even more likely the seller would have the buyer lined up through the broker. It's also possible that the seller may have asked the broker to let him know as and when he had a buyer for that volume at a given price. Thanks. Due to the amount, we shall see who the buyer was soon enough 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 30, 2014 Share Posted September 30, 2014 It would be hypocritical of Daniel Stewart & co and the RIFC PLC directors if they were essentially handing out a polite reminder of the FCA's 'Disclosure and Transparency Rules' to the buyer & seller of today's large share trade when they can't even conduct our own company business in a proper manner. Constant errors in and corrections to disclosures, notifications and announcements..... An official PLC investor relations website which is poorly managed and extremely tardy in it's shareholder information updates, given that there's still no update to the list of shareholders with notifiable interests following the recently concluded share offer and those new shares were admitted to the market almost 2 weeks ago......... Is there any limit on the time permitted to publish the shareholder list? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 30, 2014 Share Posted September 30, 2014 HH voted with the fans last year at the agm. hard to see how them selling helps. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 30, 2014 Share Posted September 30, 2014 Is there any limit on the time permitted to publish the shareholder list? I don't think so. These things tends to be worded in such a way as to essentially mean 'ASAP'. 0 Quote Link to post Share on other sites More sharing options...
North Rd 0 Posted September 30, 2014 Share Posted September 30, 2014 Anyone vouch for this guy? @SupportersGroup: I'm hearing Worthington Group , 7.8% owned by Craig Whyte has bought today's shares. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted September 30, 2014 Share Posted September 30, 2014 Lets hope that they aren't being bought by the suddenly buoyant Worthington group! I see I wasn't the only one to fear this: http://gyazo.com/19391298862ec72cabd21be3ee8b57fa Lets hope that is just scaremongering,eh? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted September 30, 2014 Share Posted September 30, 2014 I see I wasn't the only one to fear this: http://gyazo.com/19391298862ec72cabd21be3ee8b57fa Lets hope that is just scaremongering,eh? A lot of people going to get their fingers burned with Worthington Group. The Merchant House Group will seem like bastions of probity in comparison. 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted September 30, 2014 Share Posted September 30, 2014 A lot of people going to get their fingers burned with Worthington Group. The Merchant House Group will seem like bastions of probity in comparison. What's deal with this mob? Presume they've little on the club but possibly plenty on Green and his gang? 0 Quote Link to post Share on other sites More sharing options...
Scott7 5,170 Posted September 30, 2014 Share Posted September 30, 2014 Ewing Grahame in the Telegraph: "Rangers could face more expensive litigation now that the Worthington Group, the investment company which announced to the Stock Exchange last year that it was staking a legal claim to ownership of the business and assets of the club, has made a remarkable recovery. In April 2013 the group revealed that it would be pursuing the holding company, Rangers International Football Club, through the courts, insisting that Sevco 5088, the company formed by the discredited former Rangers owner Craig Whyte, had been awarded the sole rights to buy the club by the administrators Duff and Phelps. Instead, it was Sevco Scotland, fronted by the equally controversial Charles Green, which ended up in charge, with the former Rangers chief executive publicly admitting last year that he had lied to Whyte to gain control of the new club in the summer of 2012. As a result, the Worthington Group reported Green to the Serious Fraud Office. But its legal action appeared to have been abandoned when the Financial Conduct Authority suspended trading in its shares – then worth just 4p – at the Worthington Group’s request on Aug 1, 2013. However, since that ban was lifted four weeks ago, its share price has soared to £198.50 and yesterday it announced the acquisition of assorted digital media investments. With the improvement in the company’s financial health, it is now in a position to progress the challenge regarding its right to own the Championship challengers. That began last year when the Worthington Group bought a 26 per cent holding in Law Financial Holding Ltd, a company belonging to Whyte who, in turn, is believed to own a 7.54 per cent stake in Worthington. Sevco 5088 is one of the subsidiary companies owned by Law Financial. With a current market value of around £25 million, Worthington is worth around £10 million more than Rangers, who are struggling to raise the money to pay their bills. The Worthington Group did not return calls on Monday, but appear as if they are not walking away." 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 30, 2014 Share Posted September 30, 2014 Ewing Grahame providing a great example of 2+2=5. That's not to say that they won't continue to chase compensation over time. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.