Big Al 55 9,317 Posted January 15, 2014 Share Posted January 15, 2014 Really? I'd say it made good business sense personallyAs I said, not always. My mate did the very same thing with RBS, couldn't lose...right? I agree in this case it probably is though, well it bloody better be or we are in serious trouble. Personally my slight worry would be why someone who could have sold at 91p choose to sell at 24p. Perhaps he was just happy with the profit he did make. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 15, 2014 Share Posted January 15, 2014 As I said, not always. My mate did the very same thing with RBS, couldn't lose...right? I agree in this case it probably is though, well it bloody better be or we are in serious trouble. Personally my slight worry would be why someone who could have sold at 91p choose to sell at 24p. Perhaps he was just happy with the profit he did make.The reality is though that nobody would have bought 2.2m at 91p. Just a thought but people have said that Dave King was willing to buy at 25p so its possible that Hughes had a big Sell order sitting waiting on someone swallowing it up and when it hit 24p, King or AN other swooped. Quote Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted January 15, 2014 Share Posted January 15, 2014 Is the leaked board report still kicking about per chance ?Seems to have been pulled. I know a few guys who tended to save most leaked documents so I'll ask around. Quote Link to post Share on other sites More sharing options...
trueblue68 2,497 Posted January 15, 2014 Share Posted January 15, 2014 When will we find out who purchased the shares? Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 15, 2014 Share Posted January 15, 2014 Seems to have been pulled. I know a few guys who tended to save most leaked documents so I'll ask around.Cheers. Quote Link to post Share on other sites More sharing options...
Big Al 55 9,317 Posted January 15, 2014 Share Posted January 15, 2014 The reality is though that nobody would have bought 2.2m at 91p. Just a thought but people have said that Dave King was willing to buy at 25p so its possible that Hughes had a big Sell order sitting waiting on someone swallowing it up and when it hit 24p, King or AN other swooped. True, certainly an artificial price, there would have been suitors in between that though surely. You aren't going to tell me Charles Green/Murray could get such respected institutional investors to part with circa 70p per share if the true value is in fact closer to 30p or 40p. Quote Link to post Share on other sites More sharing options...
StublueKPL 524 Posted January 15, 2014 Share Posted January 15, 2014 when someone sells, there is not always a buyer and vice versa. market makers hold the shares and buy and sell when they want to make profit. so if I sell 1m shares in asda, it doesn't automatically mean that someone has bought them. the market maker has them and sells accordingly when someone wants to buy Quote Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted January 15, 2014 Share Posted January 15, 2014 when someone sells, there is not always a buyer and vice versa. market makers hold the shares and buy and sell when they want to make profit. so if I sell 1m shares in asda, it doesn't automatically mean that someone has bought them. the market maker has them and sells accordingly when someone wants to buy almost certainly what has happened in the case. Quote Link to post Share on other sites More sharing options...
Zappa 358 Posted January 15, 2014 Share Posted January 15, 2014 Is the leaked board report still kicking about per chance ?I suggest downloading the images before they vanish. There's 10 separate images. Quote Link to post Share on other sites More sharing options...
Parlaneloyal 353 Posted January 15, 2014 Share Posted January 15, 2014 This is on twitter for those who don't tweet-Alasdair Lamont @BBCAlLamont 2hRichard Hughes of Zeus Capital (previous company of Brian Stockbridge and Imran Ahmed) made profit of more than £500k from yesterday's sale. Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted January 15, 2014 Share Posted January 15, 2014 Why mention that he is holding them? we know he is, so what's the point in stating that unless there is an issue with it? not having a go mate but there are some who will attack the manager for anything off the field as well as on, it's getting tiring.See, you can read things different from someone else always, i wasna having a go at Ally, far from it, he bloody deserved them for the way he stood up for us at our lowest, it was just that he was the only guy now left with penny shares Quote Link to post Share on other sites More sharing options...
Zappa 358 Posted January 15, 2014 Share Posted January 15, 2014 it was just that he was the only guy now left with penny shares Aye because he's the only one out of those who got penny shares who isn't a fucking swamp rat spiv cunt! Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted January 15, 2014 Share Posted January 15, 2014 Aye because he's the only one out of those who got penny shares who isn't a fucking swamp rat spiv cunt!Tut Tut Zappa, you wouldnt get away with that language on your Gersnet now! Quote Link to post Share on other sites More sharing options...
Zappa 358 Posted January 15, 2014 Share Posted January 15, 2014 Tut Tut Zappa, you wouldnt get away with that language on your Gersnet now!Technically I would. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted January 15, 2014 Share Posted January 15, 2014 Technically I would. Positions of power eh Quote Link to post Share on other sites More sharing options...
siddiqi_drinker 14,635 Posted January 15, 2014 Share Posted January 15, 2014 Richards Hughes, the co-founder of small-cap broker Zeus Capital, has sold his entire 3.38% shareholding in Rangers FC (LON:RFC).The investor was key in the takeover of the Ibrox club in February 2012 and dumped his 2.2mln shares.He was embroiled in a tax scandal in 2012 when it emerged HMRC were investigating 17 firms he set up for tax evasion.Since joining AIM in December 2012 at 70p a share, Rangers stock has more than halved to 28p.It comes amid more cuts at the cash-strapped club, which is undergoing a review of the business to make savings wherever possible.Manager Ally McCoist has been told he will have to trim the wage bill, which currently stands at £6-7mln a year.Rangers shares dipped 0.9% to 28.25p each on Wednesday. Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted January 15, 2014 Share Posted January 15, 2014 He was embroiled in a tax scandal in 2012 when it emerged HMRC were investigating 17 firms he set up for tax evasionand, i thought that was the guy Morgan,,,,,,,,,, Quote Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted January 15, 2014 Share Posted January 15, 2014 He was embroiled in a tax scandal in 2012 when it emerged HMRC were investigating 17 firms he set up for tax evasionand, i thought that was the guy Morgan,,,,,,,,,,Almost certain it was Hughes. Don't think anything has come of it however. Quote Link to post Share on other sites More sharing options...
siddiqi_drinker 14,635 Posted January 15, 2014 Share Posted January 15, 2014 Almost certain it was Hughes. Don't think anything has come of it however.It was Hughes and it all seemed to go away quietly. Knowing the media in Scotland had the allegations been substantiated they would have been front-page news for weeks. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 15, 2014 Share Posted January 15, 2014 Buyer is Damille Investments II Limited. Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 15, 2014 Share Posted January 15, 2014 Buyer is Damille Investments II Limited. Connections with Laxey from a quick glance. Quote Link to post Share on other sites More sharing options...
eskbankloyal 19,446 Posted January 15, 2014 Share Posted January 15, 2014 Buyer is Damille Investments II Limited. Where is that from? Quote Link to post Share on other sites More sharing options...
Number6 251 Posted January 15, 2014 Share Posted January 15, 2014 http://www.nimrodcapital.com/?p=450Can't find much on Damille but did see this which estimates net asset value of their company at over £78m. Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted January 15, 2014 Share Posted January 15, 2014 Connections with Laxey from a quick glance. eh? not more asset strippersRegistered Guernsey Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted January 15, 2014 Share Posted January 15, 2014 Where is that from?London Stock Exchange announcement. 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.