Rangers £6.75m share offering open (25p per share)

[Frankie 8,133]

1 minute ago, Gonzo79 said:

I would guess the latter.

As would I but I'd also be surprised if they weren't trying to flush out big-hitters as well.

[Gonzo79 13,548]

32 minutes ago, Bluedell said:

Anyone else had difficulty pre-registering?

 

Aye, me.  Keeps saying something about suspicious activity (and I'm using a password as per Frankie's post).  

[compo 6,076]

just given up trying to register must be doing something wrong 

[Bluedell 5,329]

1 hour ago, Frankie said:

The under-writing part interests me.  

 

Are the existing major shareholders likely to do this or is the reason for this offer to try and avoid them having to invest more?

£100K max is relatively small for many of them so they may not take part.

 

I'm guessing that the cash from this may be earmarked for repaying Dave King for his loan plus interest and the existing ones may have baulked at giving cash to do this.

[Bluedell 5,329]

42 minutes ago, Gonzo79 said:

Aye, me.  Keeps saying something about suspicious activity (and I'm using a password as per Frankie's post).  

 

33 minutes ago, compo said:

just given up trying to register must be doing something wrong 

Yeah, I get the suspicious activity message. Tried it on 2 different laptops and different browsers but none have worked. 

 

I've also given up for the moment.

 

I'll try later. Perhaps the website was just too busy.

[Gonzo79 13,548]

I messaged Tifosy and they emailed back advising me to try a different browser.  Still getting the same message on Google Chrome and Internet Explorer.

 

Oh well...

[Rousseau 9,309]

I registered without any issues. Took me 2 seconds. 

 

[Bill 13,717]

2 hours ago, Frankie said:

The under-writing part interests me.  

 

Are the existing major shareholders likely to do this or is the reason for this offer to try and avoid them having to invest more?

You don't plan to allot £6.75m worth of shares on the open market unless you have a very good idea that the offering won't fail. If I were to guess it would be that a significant portion of these shares is going to be guaranteed by a new major investor. Not only are the existing main shareholders unlikely to dig much deeper but the board must recognise the need to start succession planning. 

 

What remains to be seen is the offer price and therefore the number of shares to be placed. It may be a consistent 20p but it might also reflect the greatly improving prospects for the club and land at 25p or 30p, which would tend to inflate the value of existing shares too. 

[Bill 13,717]

53 minutes ago, Gonzo79 said:

I messaged Tifosy and they emailed back advising me to try a different browser.  Still getting the same message on Google Chrome and Internet Explorer.

 

Oh well...

Don't click the "send me info" box.

[Bluedell 5,329]

1 hour ago, Gonzo79 said:

I messaged Tifosy and they emailed back advising me to try a different browser.  Still getting the same message on Google Chrome and Internet Explorer.

 

Oh well...

I was successful using Safari on my iPad.