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Post by Curly Wurly on Sept 24, 2014 9:03:38 GMT
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 24, 2014 9:05:44 GMT
I wouldn't trust them with a fiver let alone that sort of money. I mean a share scheme that doesn't issue share certificates?
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Post by Curly Wurly on Sept 24, 2014 9:14:36 GMT
I wouldn't trust them with a fiver let alone that sort of money. I mean a share scheme that doesn't issue share certificates? Any bond investment requires trust and we are coming from a low base. However, I raised the issue given that there is likely to be a need for further capital investment in facilities at the Mem or UWE depending on the outcome with Sainsburys. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Sept 24, 2014 9:26:09 GMT
I wouldn't trust them with a fiver let alone that sort of money. I mean a share scheme that doesn't issue share certificates? Any bond investment requires trust and we are coming from a low base. However, I raised the issue given that there is likely to be a need for further capital investment in facilities at the Mem or UWE depending on the outcome with Sainsburys. Toni Watola, Toni Watola, Toni, Watola. |
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dagnogo
Joined: June 2014
Posts: 872 
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Post by dagnogo on Sept 24, 2014 10:36:00 GMT
It's a good idea for organisations like LCCC, with a record of being run for its members.
Our club is run for its owners.
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Post by mancgas has left the building on Sept 24, 2014 10:47:20 GMT
as I understand it from a sometimes reliable one the current preference shareholders from the purchase of the Mem were asked/told their interest payments were being suspended thereby seriously pee'ing of the fan base who could afford to buy in blocks of £30k. Can anyone confirm?
With that background (and if confirmed) a bond or preference share issue wouldnt be well received
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Post by warwickgas on Sept 24, 2014 15:03:58 GMT
It's old news really. I hold a couple of grands worth of Prefs and got a letter signed by NH a couple of years ago saying they were suspending "dividends" to pref holders. I guess that as there are not many of us it crept under media radar.
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Post by Curly Wurly on Sept 24, 2014 16:52:14 GMT
Maybe for another time......
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Post by PeterHooper57 on Sept 24, 2014 17:18:25 GMT
No chance. UTG
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Sept 24, 2014 17:44:54 GMT
It's old news really. I hold a couple of grands worth of Prefs and got a letter signed by NH a couple of years ago saying they were suspending "dividends" to pref holders. I guess that as there are not many of us it crept under media radar. Do they have right to not pay 'dividend' or interest owed? |
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Post by bluebeard on Sept 24, 2014 17:53:46 GMT
It's old news really. I hold a couple of grands worth of Prefs and got a letter signed by NH a couple of years ago saying they were suspending "dividends" to pref holders. I guess that as there are not many of us it crept under media radar. But did you put your couple of grand in as an investment or simply to support the club? I suspect the latter so as long as you eventually get your capital back its not really that newsworthy. Bit like the share scheme, the directors loans and their share holdings. Nobody has, will or expects to, get rich by investing in rovers. A bond is different though as it carries a commitment to pay a certain amount of interest. |
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Post by warwickgas on Sept 24, 2014 18:01:15 GMT
I put the money in to support the club. I am not bothered about a nil return, I imagine that at some stage in the future I'll get my capital back.
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Post by mancgas has left the building on Sept 25, 2014 15:26:44 GMT
It's old news really. I hold a couple of grands worth of Prefs and got a letter signed by NH a couple of years ago saying they were suspending "dividends" to pref holders. I guess that as there are not many of us it crept under media radar. But did you put your couple of grand in as an investment or simply to support the club? I suspect the latter so as long as you eventually get your capital back its not really that newsworthy. Bit like the share scheme, the directors loans and their share holdings. Nobody has, will or expects to, get rich by investing in rovers. A bond is different though as it carries a commitment to pay a certain amount of interest. I know some people who 'invested' £60,000 who whilst understanding preference shares, felt assured the income level wouldn't be defaulted on and severely pee'd off when it wasnt going to be paid.As I said only mentioned by one this season so wasnt aware previous years defaulted as well. It really was part of their 'pension'  I cant remember if the preference issue was cummulative (ie football club are just storing up problems for the future, as the interest rate has to be paid at some point), or straight where it is at the firms option. |
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LPGas
Stuart Taylor
Joined: May 2014
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Post by LPGas on Sept 26, 2014 22:16:51 GMT
You need to make a profit before paying a dividend, and I think that if it is a private limited company it doesn't have to pay any
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Cheshiregas
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Post by Cheshiregas on Sept 26, 2014 22:21:12 GMT
You need to make a profit before paying a dividend, and I think that if it is a private limited company it doesn't have to pay any That's right LPG for ordinary shares but preference shares usually have an agreed pay out ~ hence the "preference" title. It may be that there is something built into the original prospectus that the club can suspend payments if necessary. |
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