Companies house

Re: Companies house

Postby Seasider9601 » Sat Jan 07, 2023 12:40 pm

Keith wrote:
Among the minority shareholders, are a large number of people who bought single shares back in the 1980's, when you had to buy a share in order to become a member of The World Cup Bar. I think they were £1 each.


Aye, I bought £100 worth in about 1990/91. Got the certificate somewhere.
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Re: Companies house

Postby Keith » Sun Jan 08, 2023 9:56 am

Seasider9601 wrote:Aye, I bought £100 worth in about 1990/91. Got the certificate somewhere.


They'll be worth a fortune now! :lol:
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So how did that work out then?
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Re: Companies house

Postby KenH » Sun Jan 08, 2023 12:47 pm

Only if you could find someone to buy them from you which is highly unlikely :D

If the club ever wanted to raise money from fans, they'd just issue new shares and now the issued share capital is 5 million (authorised 10 million), private share owners is so diluted, the "real" owners of the majority have no incentive at all to want to buy back a tiny proportion of shares. Private/small share ownership needs to be 10% or more to have any power/influence at all and even then, it's minimal.

The only benefit to the club would be to save on the administration of trying to keep track of small shareholders, maintain the shareholder register, avoid the AGM/EGM notifications to huge numbers of people, save costs of holding AGM/EGM for large numbers of people etc - some firms do a "clean up" to avoid the hassle of large numbers of trivial shareholdings - it can be a costly PITA to try to keep shareholder registers up to date, especially with shareholders who are getting older as you have to deal with transfers of shares upon death etc and need to see wills, probate, etc! So, at some stage, the club may well want to do a "buy back" just to reduce admin hassle!
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Re: Companies house

Postby marky No.1 » Sun Jan 08, 2023 12:56 pm

Yes, the 100's of folk that bailed us out years ago buying minor shares are now just a feather in the cap and worth f all
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Re: Companies house

Postby BerlinWaller » Sun Jan 08, 2023 1:20 pm

marky No.1 wrote:Yes, the 100's of folk that bailed us out years ago buying minor shares are now just a feather in the cap and worth f all


How much would a brick from the old North stand be worth in todays market?
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