| Buying more shares? 17:16 - Jan 3 with 13613 views | 49thseason |
Since the BoD is notoriously backwards at coming forwards in terms of actually attempting to sell shares in the club to mere supporters, is it time to nail our colours to the mast and declare our intentions to buy (or perhaps reasons for not buying other than the obvious lack of brass) some of the 50,000 shares recently made available?
Personally I suppose I am going to have to tell SWMBO (she who must be obeyed) that I intend to get another 100.. not a big dent in the total but at least a small effort....and perhaps making a difference when the bills have to be paid
Anyone else?
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| Buying more shares? on 15:11 - Jan 4 with 1995 views | A_Newby |
| Buying more shares? on 14:41 - Jan 4 by James1980 |
Oh well that was, another, stupid idea of mine. I thought the separate draw ticket would circumvent any legal issue |
Offering any enticement to purchase shares in a new share issue in a private limited company is illegal. [Post edited 4 Jan 15:54]
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| Buying more shares? on 15:20 - Jan 4 with 1946 views | 49thseason |
| Buying more shares? on 15:11 - Jan 4 by A_Newby |
Offering any enticement to purchase shares in a new share issue in a private limited company is illegal. [Post edited 4 Jan 15:54]
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But it does it preclude the company from offering perks to existing shareholders....?
https://www.hl.co.uk/shares/shareholder-perks | | | |
| Buying more shares? on 15:44 - Jan 4 with 1890 views | James1980 |
Just randomly clicked on Next. Those with 100 shares get the following perk You’ll get a voucher giving a 25% discount against one purchase, without limit, of full price goods in Next retail stores valid until 31 October in the qualifying year. |  |
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| Buying more shares? on 15:59 - Jan 4 with 1854 views | judd |
Having had a cursory glance, aren't those companies listed at the link all public and not private limited companies? |  |
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| Buying more shares? on 16:08 - Jan 4 with 1829 views | James1980 |
| Buying more shares? on 15:59 - Jan 4 by judd |
Having had a cursory glance, aren't those companies listed at the link all public and not private limited companies? |
So can PLC's offer perks but Private Ltd's cannot? | |
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| Buying more shares? on 16:22 - Jan 4 with 1790 views | pioneer |
I think the key thing is that any benefit being offered must be to all shareholders, not just new purchases of shares. | | | |
| Buying more shares? on 16:28 - Jan 4 with 1772 views | A_Newby |
| Buying more shares? on 16:08 - Jan 4 by James1980 |
So can PLC's offer perks but Private Ltd's cannot? |
No private companies can offer perks to its share owners but not perks (enticements) that are contingent on purchasing new shares. | | | |
| Buying more shares? on 16:32 - Jan 4 with 1760 views | James1980 |
| Buying more shares? on 16:28 - Jan 4 by A_Newby |
No private companies can offer perks to its share owners but not perks (enticements) that are contingent on purchasing new shares. |
So perhaps not the prize draw idea but maybe shareholders new and existing could get a discount off a season card maybe an early bird shareholders renewal price. | |
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| Buying more shares? on 09:25 - Jan 6 with 1522 views | Duckegg |
Just a thought but if trust where lets say suddenly donated a considerable large amount of money that would more than cover buying the amount of shares still avaiilable would the BoD sell those shares to the trust!
Would the BoD refuse point blank because their sole interest is to sell their own shares and recoup monies loaned..... |  | | |
| Buying more shares? on 12:21 - Jan 6 with 1297 views | wozzrafc |
| Buying more shares? on 18:53 - Jan 3 by RAFCBLUE |
We should all probably stop using the word "investment" then. "Donation" would be a better word.
What you want to know is how much we lose running the club as it is?
Eight years of data, in published accounts and letters from the last three Chairman says about £1.2m a year without a one off so £100,000 a month as an operating business.
We know from Andrew Kelly the issues stated in 2017/18:
https://www.rochdaleafc.co.uk/news/2020/june/statement--andrew-kelly/
Let's say my estimate needs a range so I'll guess between £50,000 to £150,000 a month depending on factors like the number of home games.
So £100,000 to £300,000 needed to survive January and February, assuming no other funding source.
Sell George Nevett, Tyrese Sinclair or Oscar Kelly in January and that is the new few months dealt with.
Then there will need to be £100,000 to £300,000 to find for March and April.
There's no income forecastable past 20th April (last game) until late July 2024, three months there - so another £150,000 and £450,000 for those three months.
Hope that helps.
The next question should be who is expected to funds the losses - shareholders, customers or fans or do we take some proper and radical measures to stop losing £1.2m without one offs.
Things like :
* should we go part time? Wealdstone are 4 points below us with 3 games in hand with less infrastructure so it can be done.
* should we close a physical club shop and only have a website? Rochdale Hornets do this.
* do we need a printed colour programme every week or just a printed teamsheet?
* do we bite the bullet and put all fans in the Wilbutts and have much lower costs?
* do we close the Academy?
There will be a lot of reliance from members and fans on the Trust as the club's biggest shareholder to guide the debate and the very difficult choices to be made. |
You missed increasing the price of season tickets which have been underpriced every since the initial’trial’ to increase the gate by offering them as ‘discounted’ | | | |
| Buying more shares? on 13:15 - Jan 6 with 1188 views | TyroneShoelaces |
Your right re season tickets (imo). I think that they’ve been underpriced for the last 2 to 3 seasons.
easy maths but say an extra £50 on a full day price ticket next season would possibly bring in an extra £75k. | | | |
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