Jambof3tornado Posted January 15, 2014 Share Posted January 15, 2014 The top two stories ref Sallys salary have different share launch prices. Same article writer but one says 70p and the other says 90p. Some drop either way! Link to comment Share on other sites More sharing options...
marshallschunkychicken Posted January 15, 2014 Share Posted January 15, 2014 The top two stories ref Sallys salary have different share launch prices. Same article writer but one says 70p and the other says 90p. Some drop either way! I'm fairly sure the issue price was 70p, it reached a high of 91p in initial trading, and has been dropping like a stone ever since. Link to comment Share on other sites More sharing options...
Cheile Posted January 15, 2014 Share Posted January 15, 2014 A relative who works in HMRC tells me that Hector is looking VERY closely at the situation at Ibrox. Could be interesting. Link to comment Share on other sites More sharing options...
Footballfirst Posted January 15, 2014 Share Posted January 15, 2014 It was Richard Hughes of Zeus who sold 2.2M shares yesterday. He was one of the guys who only paid ?0.01p for his shares. There is no indication on who has bought them as yet http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11834364 Link to comment Share on other sites More sharing options...
I.T.K Posted January 15, 2014 Share Posted January 15, 2014 A relative who works in HMRC tells me that Hector is looking VERY closely at the situation at Ibrox. Could be interesting. Why?? Not sure why HMRC would be looking around just yet. I see no indication they are not meeting their tax liabilities todate. Link to comment Share on other sites More sharing options...
King of the North Posted January 15, 2014 Share Posted January 15, 2014 It was Richard Hughes of Zeus who sold 2.2M shares yesterday. He was one of the guys who only paid ?0.01p for his shares. There is no indication on who has bought them as yet http://www.londonsto...mentId=11834364 Which works out as a profit of ?484000, I think, if he sold them at 23 p per share? Spivtastic stuff. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted January 15, 2014 Share Posted January 15, 2014 Is Zeus capital not some of the people behind CW or is it Green???? even if not they bought for 1p sold for 24p, not a bad shout if somebody is willing to buy, but it will be interesting to see who? Right now I cant see where they go unless they cut wages, but its at the director level that needs addressed not just playing staff, but will Fat Sally ever get a war chest? Looks also like they are hiding behind the couch when the door bell rings in case its Hector....watch this space. Also watch for Admin v2 but Ibrox will end up in separate ownership, so caveat emptor when going for a CVA next time? mind you if the next Admin also has Hector as the biggest creditor again, then they will never get a CVA, if however its not then it would be a good time for fans ownership. in either case we need to prepare next year to take advantage of any weakness Link to comment Share on other sites More sharing options...
Footballfirst Posted January 15, 2014 Share Posted January 15, 2014 Closer to 550k, not a bad regurn on a 22k investment eh.. He made a lot more than ?550k. If you go back to the original Asset purchase deal, it was Zeus (RH) who underwrote a loan that was key to the deal. From TRFC Board minutes of 31/10/12 9.1 It was noted that an undertaking of ?2,000.000 was provided by Zeus capital to the Administrators of RFC 2012 plc on 13 June 2012 to ensure the Company complied with the obligations under the Offer Letter (the ?Zeus Undertaking?). In addition Zeus Capital Limited provided a loan facility on 12 June 2012 to the Company of ?590,000 to enable the Company to pay the consideration due under the APA (the ?Loan Facility?). The terms of the loan facility were agreed orally but not documented and with funds being advanced with an arrangement fee of ?50,000 per week). 9.2 In consideration for the provision of the Zeus Undertaking, the Company agreed on 13 June 2012 to the allotment of 2,200,000 new ordinary shares at a placing price of ?0.01 per ordinary share which were subscribed for and paid for in cash (the 2Undertaking Consideration Shares?). The Company produced to the meeting a board resolution from Zeus Capital Limited dated 17 October 2012 confirming that the Zeus Undertaking had been underwritten by Richard Hughes personally and authorising Zeus Capital Limited to make the necessary arrangements with the Company. The Company reported that it had received instructions by email from Zeus Capital Limited dated 17 October 2012 to issue the Undertaking Consideration Shares to Richard Hughes. 9.3 It was acknowledged that the Zeus Undertaking was released in full by the Administrators of RFC 2012 plc following completion of the APA and that the balance of the Loan Facility together with the arrangement fee had been repaid in full on 14 August 2012. So we have Richard Hughes personally underwriting a loan facility of ?590,000 on 12th June, which was repaid in full on 14th August, along with an arrangement fee of ?50,000 a week. Nine weeks at ?50k gave him a nice little earner of ?450,000. And all that was achieved with an oral agreement. The ?50k a week return equates to a Wonga like interest rate of 441% per annum. Link to comment Share on other sites More sharing options...
Don Dan Posted January 15, 2014 Share Posted January 15, 2014 He made a lot more than ?550k. If you go back to the original Asset purchase deal, it was Zeus (RH) who underwrote a loan that was key to the deal. From TRFC Board minutes of 31/10/12 9.1 It was noted that an undertaking of ?2,000.000 was provided by Zeus capital to the Administrators of RFC 2012 plc on 13 June 2012 to ensure the Company complied with the obligations under the Offer Letter (the ?Zeus Undertaking?). In addition Zeus Capital Limited provided a loan facility on 12 June 2012 to the Company of ?590,000 to enable the Company to pay the consideration due under the APA (the ?Loan Facility?). The terms of the loan facility were agreed orally but not documented and with funds being advanced with an arrangement fee of ?50,000 per week). 9.2 In consideration for the provision of the Zeus Undertaking, the Company agreed on 13 June 2012 to the allotment of 2,200,000 new ordinary shares at a placing price of ?0.01 per ordinary share which were subscribed for and paid for in cash (the 2Undertaking Consideration Shares?). The Company produced to the meeting a board resolution from Zeus Capital Limited dated 17 October 2012 confirming that the Zeus Undertaking had been underwritten by Richard Hughes personally and authorising Zeus Capital Limited to make the necessary arrangements with the Company. The Company reported that it had received instructions by email from Zeus Capital Limited dated 17 October 2012 to issue the Undertaking Consideration Shares to Richard Hughes. 9.3 It was acknowledged that the Zeus Undertaking was released in full by the Administrators of RFC 2012 plc following completion of the APA and that the balance of the Loan Facility together with the arrangement fee had been repaid in full on 14 August 2012. So we have Richard Hughes personally underwriting a loan facility of ?590,000 on 12th June, which was repaid in full on 14th August, along with an arrangement fee of ?50,000 a week. Nine weeks at ?50k gave him a nice little earner of ?450,000. And all that was achieved with an oral agreement. The ?50k a week return equates to a Wonga like interest rate of 441% per annum. And all that from The Rangers vast pot of money. Link to comment Share on other sites More sharing options...
Footballfirst Posted January 15, 2014 Share Posted January 15, 2014 (edited) And the proud new owner of 2M shares is announced as Damille Investments II Limited. http://www.damilleinv.com http://www.londonsto...mentId=11834982 The chairman of Damille is named as Richard Prosser. Richard Prosser (Chairman & Non-Executive Director) Richard is a Chartered Accountant, a partner of the Appleby Group and a director of its wholly owned trust company, Appleby Trust (Jersey) Limited, a corporate and fiduciary administrator authorised to conduct trust company business in Jersey. Richard is a director of a number of companies quoted in London and elsewhere, inlcuding property companies, hedge funds and investment management companies. He is Chairman of Threadneedle Investments (C.I.) Limited, Manager of the Threadneedle Property Unit Trust; and Director of Threadneedle European Property Fund. He has most recently been appointed as Chairman of Aberdeen Latin American Income Fund quoted in London and Damille Investments Limited a closed ended investment company listed on the Specialist Fund Market of the London Stock Exchange. Now guess who was involved in setting up the Appleby Group ..... one Imran Ahmad. What a small world we live in. http://scotslawthoughts.wordpress.com/2012/10/19/imran-ahmad-of-rangers-the-portfolio-of-his-former-co-allenby-capital-by-100bjd/ Edited January 15, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Mysterion Posted January 15, 2014 Share Posted January 15, 2014 (edited) http://www.damillein...the_company.php Damille Investments Limited is a Guernsey domiciled, closed ended investment company. The company was listed on the Specialist Fund Market of the London Stock Exchange on 30 March 2010 and on the Channel Islands Stock Exchange on 30 March 2010. The Company will have a fixed life of four years from the date of Admission, consisting of an Investment Period of two years followed by a Realisation Period of a further two years. Thereafter it is anticipated that the Company will be wound up. Edited January 15, 2014 by Mysterion Link to comment Share on other sites More sharing options...
Munch Posted January 15, 2014 Share Posted January 15, 2014 Have they dropped anymore or are they still hovering around 23.5p. Link to comment Share on other sites More sharing options...
niblick1874 Posted January 15, 2014 Share Posted January 15, 2014 And the proud new owner of 2M shares is announced as Damille Investments II Limited. http://www.damilleinv.com http://www.londonsto...mentId=11834982 The chairman of Damille is named as Richard Prosser. Richard Prosser (Chairman & Non-Executive Director) Richard is a Chartered Accountant, a partner of the Appleby Group and a director of its wholly owned trust company, Appleby Trust (Jersey) Limited, a corporate and fiduciary administrator authorised to conduct trust company business in Jersey. Richard is a director of a number of companies quoted in London and elsewhere, inlcuding property companies, hedge funds and investment management companies. He is Chairman of Threadneedle Investments (C.I.) Limited, Manager of the Threadneedle Property Unit Trust; and Director of Threadneedle European Property Fund. He has most recently been appointed as Chairman of Aberdeen Latin American Income Fund quoted in London and Damille Investments Limited a closed ended investment company listed on the Specialist Fund Market of the London Stock Exchange. Now guess who was involved in setting up the Appleby Group ..... one Imran Ahmad. What a small world we live in. http://scotslawthoug...ital-by-100bjd/ Link to comment Share on other sites More sharing options...
Footballfirst Posted January 15, 2014 Share Posted January 15, 2014 (edited) Have they dropped anymore or are they still hovering around 23.5p. No. The price shot back up yesterday pm (probably off the back of there being a buyer for the Richard Hughes shares). Now trading at 28.5p mid price. Edited January 15, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Templeton Peck Posted January 15, 2014 Share Posted January 15, 2014 And the proud new owner of 2M shares is announced as Damille Investments II Limited. http://www.damilleinv.com http://www.londonsto...mentId=11834982 The chairman of Damille is named as Richard Prosser. Richard Prosser (Chairman & Non-Executive Director) Richard is a Chartered Accountant, a partner of the Appleby Group and a director of its wholly owned trust company, Appleby Trust (Jersey) Limited, a corporate and fiduciary administrator authorised to conduct trust company business in Jersey. Richard is a director of a number of companies quoted in London and elsewhere, inlcuding property companies, hedge funds and investment management companies. He is Chairman of Threadneedle Investments (C.I.) Limited, Manager of the Threadneedle Property Unit Trust; and Director of Threadneedle European Property Fund. He has most recently been appointed as Chairman of Aberdeen Latin American Income Fund quoted in London and Damille Investments Limited a closed ended investment company listed on the Specialist Fund Market of the London Stock Exchange. Now guess who was involved in setting up the Appleby Group ..... one Imran Ahmad. What a small world we live in. http://scotslawthoug...ital-by-100bjd/ Forgive me if I am wrong, but you quote the company name APPLEBY in your post above, but the last link quotes Imran Ahmad starting up ALLENBY. Are they one and another? Link to comment Share on other sites More sharing options...
Footballfirst Posted January 15, 2014 Share Posted January 15, 2014 (edited) Forgive me if I am wrong, but you quote the company name APPLEBY in your post above, but the last link quotes Imran Ahmad starting up ALLENBY. Are they one and another? I made a mistake in stating that Ahmad set up the Appleby Group. However, the linked blog makes the connection between the two clearer. HB Markets PLC and Appleby Trust Jersey are/were(?) two main shareholders of Allenby Capital which was Ahmad's company. All these people appear to swim in the same pond and the names keep recurring as they do their wheeling and dealing. Edited January 15, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
jambovambo Posted January 16, 2014 Share Posted January 16, 2014 Tom English filleting oldnewsevco's finances ... http://m.scotsman.com/sport/football/spfl-lower-divisions/tom-english-graham-wallace-must-shake-up-rangers-1-3270114 Link to comment Share on other sites More sharing options...
Armageddon Posted January 16, 2014 Share Posted January 16, 2014 Administration part 2 is their easiest and cheapest way to shed 20 players from the 50 odd they currently have. Link to comment Share on other sites More sharing options...
Shanks said no Posted January 16, 2014 Share Posted January 16, 2014 Apologies if already covered, what effect would Admin 2 have? Assuming they were in/out before the season ended, would they still be eligible for promotion and with a clean slate next season in the Championship? Or is there a ruling that Administration bars you from promotion? if its the former I would expect the spivs to press the admin button forthwith. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 16, 2014 Share Posted January 16, 2014 Apologies if already covered, what effect would Admin 2 have? Assuming they were in/out before the season ended, would they still be eligible for promotion and with a clean slate next season in the Championship? Or is there a ruling that Administration bars you from promotion? if its the former I would expect the spivs to press the admin button forthwith. It will be Admin 1 for Sevco. They can still get promoted. They will no longer own Ibronx though. Link to comment Share on other sites More sharing options...
The Gasman Posted January 16, 2014 Share Posted January 16, 2014 Administration part 2 is their easiest and cheapest way to shed 20 players from the 50 odd they currently have. Administration may be the only option they have to try to stem their losses and avoid liquidation. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted January 16, 2014 Share Posted January 16, 2014 No. The price shot back up yesterday pm (probably off the back of there being a buyer for the Richard Hughes shares). Now trading at 28.5p mid price. I wonder who the buyer was? what do they say about fools and their money? Link to comment Share on other sites More sharing options...
hughesie27 Posted January 16, 2014 Share Posted January 16, 2014 I wonder who the buyer was? what do they say about fools and their money? The buyer was Richard Hughes, info on him on the last page. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted January 16, 2014 Share Posted January 16, 2014 The buyer was Richard Hughes, info on him on the last page. not read it but was that not the seller? Link to comment Share on other sites More sharing options...
graygo Posted January 16, 2014 Share Posted January 16, 2014 (edited) not read it but was that not the seller? Yes he was the seller. From the Herald - Richard Hughes, the co-founder of Zeus Capital, which was at the centre of former chief executive Charles Green's takeover in 2012, is believed to have paid 1p each for the shares. But he is thought to have sold his stake in Rangers International Football Club on Tuesday when some shares were being traded at 24p. The deal came on the same day that Guernsey-based Damille Investments II Limited bought two million shares in the club, giving it a 3% stake. Edited January 16, 2014 by graygo Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted January 16, 2014 Share Posted January 16, 2014 (edited) Damille Investments, I wonder what their contact details are I have 200000 square acres of land (on Mars) and mineral right to sell, I would find it hard to part with the Forth Bridge but if the right offer came along? Edited January 16, 2014 by Hagar the Horrible Link to comment Share on other sites More sharing options...
FWJ Posted January 16, 2014 Share Posted January 16, 2014 Sorry for being such a dullard here but how is it that some people got shares for a penny but otherwise they started trading at (?) 70p? Link to comment Share on other sites More sharing options...
Phil D. Corners Posted January 16, 2014 Share Posted January 16, 2014 Administration may be the only option they have to try to stem their losses and avoid liquidation. Personally think all this talk of Admin is premature. They still have a transfer window to sell players which will cut the wage bill and bring in funds. I admit that they have a lot if average players on good wages that might be hard to move on as I don't think other clubs will match their current wages. Mind you players will be reminded that if they don't move on they might be asked to take a pay cut later. Link to comment Share on other sites More sharing options...
Don Dan Posted January 16, 2014 Share Posted January 16, 2014 Personally think all this talk of Admin is premature. They still have a transfer window to sell players which will cut the wage bill and bring in funds. I admit that they have a lot if average players on good wages that might be hard to move on as I don't think other clubs will match their current wages. Mind you players will be reminded that if they don't move on they might be asked to take a pay cut later. Bargain buys in this fire sale. Link to comment Share on other sites More sharing options...
vegas-voss Posted January 16, 2014 Share Posted January 16, 2014 Personally think all this talk of Admin is premature. They still have a transfer window to sell players which will cut the wage bill and bring in funds. I admit that they have a lot if average players on good wages that might be hard to move on as I don't think other clubs will match their current wages. Mind you players will be reminded that if they don't move on they might be asked to take a pay cut later. Who is going to want to buy them though Sent from my Nexus 7 using Tapatalk 2 Link to comment Share on other sites More sharing options...
Footballfirst Posted January 16, 2014 Share Posted January 16, 2014 (edited) Sorry for being such a dullard here but how is it that some people got shares for a penny but otherwise they started trading at (?) 70p? Those who invested in the initial consortium who actually bought the assets of the club in June 2012 were rewarded with shares at 1p, as were a few other key employees such as Super Salary. The 70p was what was paid by investors in the IPO in December 2012. It is those who have lost most of the value of their investment, Edited January 16, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
graygo Posted January 16, 2014 Share Posted January 16, 2014 Those who invested in the initial consortium who actually bought the assets of the club in June 2012 were rewarded with shares at 1p, as were a few other key employees such as Super Salary. The 70p was what was paid by investors in the IPO in December 2012. It is those who have lost most of the value of their investment, Or anyone daft enough to have bought when they topped out at just over 90p. Link to comment Share on other sites More sharing options...
I.T.K Posted January 16, 2014 Share Posted January 16, 2014 Or anyone daft enough to have bought when they topped out at just over 90p. Total daftys like................................................... who would buy shares in their financially troubled club? Didn't even get a certificate! Link to comment Share on other sites More sharing options...
hughesie27 Posted January 16, 2014 Share Posted January 16, 2014 not read it but was that not the seller? Whoops. Should read posts more closely! Link to comment Share on other sites More sharing options...
davieholt Posted January 16, 2014 Share Posted January 16, 2014 (edited) Rangers players refuse to take a 15% wage cut according to STV http://sport.stv.tv/football/clubs/rangers/260628-rangers-players-refuse-pay-cut-as-club-makes-attempt-to-cut-costs/ Edited January 16, 2014 by davieholt Link to comment Share on other sites More sharing options...
swavkav Posted January 16, 2014 Share Posted January 16, 2014 Administration/liquidation part 2 then? Link to comment Share on other sites More sharing options...
Footballfirst Posted January 16, 2014 Share Posted January 16, 2014 Rangers players refuse to take a 15% wage cut according to STV http://sport.stv.tv/...t-to-cut-costs/ Make's Murray's and Southern's pay cuts all the more laudable. Link to comment Share on other sites More sharing options...
Don Dan Posted January 16, 2014 Share Posted January 16, 2014 Mercenaries. Only in there for the money. Link to comment Share on other sites More sharing options...
Dr Ian Malcolm Posted January 16, 2014 Share Posted January 16, 2014 Rangers players refuse to take a 15% wage cut according to STV http://sport.stv.tv/...t-to-cut-costs/ Should have done it months ago Link to comment Share on other sites More sharing options...
hughesie27 Posted January 16, 2014 Share Posted January 16, 2014 Brilliant. They have 2 weeks left to get rid of players. Fire sale beckons. Link to comment Share on other sites More sharing options...
Jambof3tornado Posted January 16, 2014 Share Posted January 16, 2014 Tick tock. Link to comment Share on other sites More sharing options...
Paolo Posted January 16, 2014 Share Posted January 16, 2014 (edited) Brilliant. They have 2 weeks left to get rid of players. Fire sale beckons. Broken crest on the Record and the Sun? Edited January 16, 2014 by Simon Says Link to comment Share on other sites More sharing options...
milky_26 Posted January 16, 2014 Share Posted January 16, 2014 Rangers players refuse to take a 15% wage cut according to STV http://sport.stv.tv/...t-to-cut-costs/ it maybe the cynic in me but, i think that story was fed (along with aldis finest frozen lamb) to them to put pressure on the players to take the wage cut as they might think about their "windaes bein tanned in" Link to comment Share on other sites More sharing options...
DETTY29 Posted January 16, 2014 Share Posted January 16, 2014 Not taking pay cut may suggest there are rumours of impending doom within Ibrox. Even the players think they need to milk all they can before the admin axe swings. Link to comment Share on other sites More sharing options...
The Comedian Posted January 16, 2014 Share Posted January 16, 2014 Rangers players refuse to take a 15% wage cut according to STV http://sport.stv.tv/...t-to-cut-costs/ But they have 20 million in the bank, no debt and loads eh seesun tikits. Link to comment Share on other sites More sharing options...
Footballfirst Posted January 16, 2014 Share Posted January 16, 2014 And a late share trade has appeared in today's list, although dated 14th Jan. 14-Jan-1410:08:01 20.50 2,200,000 Sell* 27.00 28.50451.00k I'm pretty sure that this relates to the Richard Hughes sale, but the price achieved was only 20.5p a share. Link to comment Share on other sites More sharing options...
Stuart Lyon Posted January 16, 2014 Share Posted January 16, 2014 Where is Fraser Wishart when you need him? Link to comment Share on other sites More sharing options...
Footballfirst Posted January 16, 2014 Share Posted January 16, 2014 Phil MacGiollaBhain ?@Pmacgiollabhain 3m ?Rangers are in now Administration in everything but name.? This was said to me by a senior person in a SPFL championship club today. Link to comment Share on other sites More sharing options...
Rand Paul's Ray Bans Posted January 16, 2014 Share Posted January 16, 2014 Link to comment Share on other sites More sharing options...
CJGJ Posted January 16, 2014 Share Posted January 16, 2014 I think the phone lines to South Africa will be buzzing....................or maybe a DIRECT link to others for help. Link to comment Share on other sites More sharing options...
Recommended Posts