Jump to content

£16m is wiped off value of Rangers


North Rd

Recommended Posts

I hope there's a tipping point at which the institutional shareholders would consider it better to dilute their share holding and re-finance the club with a king underwritten share issue than risk their investment falling further in value, or worse, something I suspect king failed to persuade them to do a few months back.

it would be the ideal vehicle to allow king to put his cash into the club, I think it will reach the point where diluting the shareholding, re-financing the club and making us strong again will be the only option for investors, a case of who blinks first.

Link to post
Share on other sites

  • Replies 173
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Was waiting for that.....lets see what Ally does with his shares......charlie boy is building a mansion in France with his.....did you buy any ?

So fuck if he his

Guys like you need to step into the real world and realise people don't work for free especially businessmen

Have you seen the size ofMcCoists or indeed anyone high up with Rangers house? Money money money

Get over it

Link to post
Share on other sites

So fuck if he his

Guys like you need to step into the real world and realise people don't work for free especially businessmen

Have you seen the size ofMcCoists or indeed anyone high up with Rangers house? Money money money

Get over it

Socialism at its best.

Damn scummy jammy hard working people.

I should have that money because A) I haven't earned it; and B ) I don't want them to have it.

Link to post
Share on other sites

We need Paul Murray on board.

He would leap tall buildings and walk along the clyde for Rangers

if he was here the stock market would be in a frenzy as investors sold their stock to buy into Rangers shares.

On hearing the news Dave King would have immediately mount a takeover bid offering 500 quid a share.

This would spark market madness driving the share price to at least 750 quid a pop.

Sponsors would be chucking tens of millions at the club.

The banks, anxious to become part of the Gers revival would be offering unlimited credit lines.

The new fully funded Rangers would be buying Barca and Man U type players.

As a token to fan power mini would buy Celtic and close them down.

Pretty soon we would tire of winning the CL every year

It's a tragedy the investors backed the board.

Things could have been so different. .

Source :000000082::7325:

Link to post
Share on other sites

Martin Williams

Senior News Reporter

Friday 10 January 2014

MORE than £16 million has been wiped off Rangers' value on the stock market in the last four months amid a battle for power in the Ibrox boardroom.

Ibrox1_9.jpg

Custom byline text:

MARTIN WILLIAMS

Fans have seen their shares lose almost half their value since September and the latest figures suggest continuing concerns among investors over the way the Scottish League One club is being run.

Rangers International Football Club (RIFC) shares closed at 31p yesterday, after reaching 30.4p at one point. That price was down 44.5% from the 55p reached in September at the height of shareholder disquiet over the administration of the club. The market value of RIFC has dipped from £35.8m to finish yesterday at its lowest in its first year, at £19.9m.

The slump has wiped more than 50% off the value of holdings of fans and investors who bought into a share issue in December 2012, when they were on offer for 70p.

The Rangers board won their power struggle against a group seeking change, led by former director Paul Murray.

Fans believe the only people to gain are past and present executives who managed to get shares for 1p. Former chief executive Charles Green purchased five million shares in Rangers at 1p each as part of an agreement entered into on October 31, 2012.

Drew Roberton, of the Rangers Supporters' Association, said the continuing share decline raised continuing concerns about the financial state of the club.

"It is worrying," he said. "The devil in me says, well, that tells the investors that you reap what you sow by backing the board.

"It's perhaps time for all those people who supposedly care so much about the club to put their hands in their pockets and get control of the club that way.

"I would not like to think that, as some people fear, we are heading to another insolvency event."

Chief executive Graham Wallace indicated that the club was entering a prolonged period of austerity at December's AGM when he, current chairman David Somers, under-fire finance director Brian Stockbridge and three directors were re-elected. The four so-called requisitioners - former Rangers oldco director Paul Murr-ay, former chairman Malcolm Murray, Alex Wilson and Scott Murdoch - all polled close to 30% of votes to scupper their hopes.

But despite a mandate from shareholders, the fall-out from the meeting had Rangers supporters and fans' representatives talking about boycotts and refusing to renew season tickets.

Rangers declined to comment.

Good time to invest, Those that sold around the 90p mark hit the jackpot.

Link to post
Share on other sites

We need Paul Murray on board.

He would leap tall buildings and walk along the clyde for Rangers

if he was here the stock market would be in a frenzy as investors sold their stock to buy into Rangers shares.

On hearing the news Dave King would have immediately mount a takeover bid offering 500 quid a share.

This would spark market madness driving the share price to at least 750 quid a pop.

Sponsors would be chucking tens of millions at the club.

The banks, anxious to become part of the Gers revival would be offering unlimited credit lines.

The new fully funded Rangers would be buying Barca and Man U type players.

As a token to fan power mini would buy Celtic and close them down.

Pretty soon we would tire of winning the CL every year

It's a tragedy the investors backed the board.

Things could have been so different. .

Paul Murray has more failed business's than Craig Whyte, Murray is the 2nd last person we need.

Link to post
Share on other sites

We need Paul Murray on board.

He would leap tall buildings and walk along the clyde for Rangers

if he was here the stock market would be in a frenzy as investors sold their stock to buy into Rangers shares.

On hearing the news Dave King would have immediately mount a takeover bid offering 500 quid a share.

This would spark market madness driving the share price to at least 750 quid a pop.

Sponsors would be chucking tens of millions at the club.

He could also play upfront with Jon Daly, for free, certain to bag 30 goals a season.

Link to post
Share on other sites

So fuck if he his

Guys like you need to step into the real world and realise people don't work for free especially businessmen

Have you seen the size ofMcCoists or indeed anyone high up with Rangers house? Money money money

Get over it

So fuck if he his

Guys like you need to step into the real world and realise people don't work for free especially businessmen

Have you seen the size ofMcCoists or indeed anyone high up with Rangers house? Money money money

Get over it

Charles Green got a very good salary,for his work at Rangers......But I never will agree with the 1p shares....Did you buy any 70p ones like me ?
Link to post
Share on other sites

Charles Green got a very good salary,for his work at Rangers......But I never will agree with the 1p shares....Did you buy any 70p ones like me ?

Do you consider 900k for everything he done over the one year a good salary?

To put things into perspective Dean Shiels has made that much so far off us to date

Link to post
Share on other sites

Lowest share price in history.

Quite frankly, anyone backing this board is not to be trusted.

Try not to confuse the new board with old, just remember the. Board has been in place since November, also some scaremongering stories that has been banded about like supposed money laundering and what not will drive the price down due to uncertainity of success, and also due to overspending that this current board never really had much to do with

Link to post
Share on other sites

Paul Murray, Jim McColl, Al K. Murray and a number of others are partially responsible for driving the share-price down. You would think as major investors in the club that they would want to see the share price, and thereby their own investment increase in value. Odd???

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Upcoming Events

    No upcoming events found

×
×
  • Create New...