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Post by Deleted on Sept 13, 2024 9:39:41 GMT 1
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Post by dibblydobbly on Sept 13, 2024 9:46:20 GMT 1
It means that 840,000 Ordinary shares of £2.50 were issued, so a total value of £2.1million. |
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Post by Deleted on Sept 13, 2024 9:48:53 GMT 1
It means that 840,000 Ordinary shares of £2.50 were issued, so a total value of £2.1million. A new issue? |
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Post by dibblydobbly on Sept 13, 2024 9:50:22 GMT 1
It means that 840,000 Ordinary shares of £2.50 were issued, so a total value of £2.1million. A new issue? 840,000 new shares yes. |
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Post by Deleted on Sept 13, 2024 10:00:31 GMT 1
Very interesting. Thank you. |
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Post by Exkeeper on Sept 13, 2024 11:16:00 GMT 1
Just pure guesswork but is this in lieu of money pumped into the club by RW and DM that kept the wolf from the door. I accept that this may be private information but any news like this will be open to speculation.
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Post by Deleted on Sept 13, 2024 11:33:05 GMT 1
Just pure guesswork but is this in lieu of money pumped into the club by RW and DM that kept the wolf from the door. I accept that this may be private information but any news like this will be open to speculation. I reckon that's a reasonable assumption. We will just have to watch this space. |
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Post by Deleted on Sept 13, 2024 12:14:14 GMT 1
Keeping an eye on club employee’s Facebook pages to see if they shed more light…
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Post by DiglisShrew on Sept 13, 2024 12:49:17 GMT 1
Just pure guesswork but is this in lieu of money pumped into the club by RW and DM that kept the wolf from the door. I accept that this may be private information but any news like this will be open to speculation. I reckon that's a reasonable assumption. We will just have to watch this space. The next shareholders list should reveal all but I suspect it’s the only reasonable explanation . |
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Post by northwestman on Sept 13, 2024 13:47:51 GMT 1
And to whom have these 840,000 £2.50 shares been allocated?
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Post by venceremos on Sept 13, 2024 13:53:52 GMT 1
Interesting development.
840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these).
Conversion of earlier loans to the company is an obvious explanation but has £2.1m been loaned to the company or has some new money come in?
What's also interesting is that, whereas previously the only PSC ("person with significant control") was Roland Wycherley, Companies House now shows three new PSCs since 5 September - Duncan Montgomery, Blue & White UK Holdings, & Liam Dooley.
A PSC can be someone who holds more than 25% of a company's shares or voting rights, someone who has the right to appoint or remove the majority of the board of directors or who has the right to exercise significant influence or control over the company.
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Post by DiglisShrew on Sept 13, 2024 14:13:50 GMT 1
Interesting development. 840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these). Conversion of earlier loans to the company is an obvious explanation but has £2.1m been loaned to the company or has some new money come in? What's also interesting is that, whereas previously the only PSC ("person with significant control") was Roland Wycherley, Companies House now shows three new PSCs since 5 September - Duncan Montgomery, Blue & White UK Holdings, & Liam Dooley. A PSC can be someone who holds more than 25% of a company's shares or voting rights, someone who has the right to appoint or remove the majority of the board of directors or who has the right to exercise significant influence or control over the company. Also interesting to note that Blue & White Holdings UK limited until recently was Blue and Amber Holdings Ltd . Perhaps the previous name wasn’t suitable but seems a strange event given the clubs current colours? 🤔 Now doubt someone can offer an explanation ? 😉 |
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Post by northwestman on Sept 13, 2024 14:16:24 GMT 1
This seems to have parallels with when RW set up the so called 'gift' of the training ground to the Club in 2017.
He then allocated himself 160,000 new shares.
Doesn't like being out of pocket does he?
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Post by venceremos on Sept 13, 2024 14:36:03 GMT 1
Interesting development. 840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these). Conversion of earlier loans to the company is an obvious explanation but has £2.1m been loaned to the company or has some new money come in? What's also interesting is that, whereas previously the only PSC ("person with significant control") was Roland Wycherley, Companies House now shows three new PSCs since 5 September - Duncan Montgomery, Blue & White UK Holdings, & Liam Dooley. A PSC can be someone who holds more than 25% of a company's shares or voting rights, someone who has the right to appoint or remove the majority of the board of directors or who has the right to exercise significant influence or control over the company. Also interesting to note that Blue & White Holdings UK limited until recently was Blue and Amber Holdings Ltd . Perhaps the previous name wasn’t suitable but seems a strange event given the clubs current colours? 🤔 Now doubt someone can offer an explanation ? 😉 Someone on here could explain everything ........  |
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Post by GrizzlyShrew on Sept 13, 2024 14:52:51 GMT 1
Also interesting to note that Blue & White Holdings UK limited until recently was Blue and Amber Holdings Ltd . Perhaps the previous name wasn’t suitable but seems a strange event given the clubs current colours? 🤔 Now doubt someone can offer an explanation ? 😉 Someone on here could explain everything ........ 🤭🤭🤭 |
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Post by northwestman on Sept 13, 2024 15:17:51 GMT 1
Interesting development. 840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these). Conversion of earlier loans to the company is an obvious explanation but has £2.1m been loaned to the company or has some new money come in? What's also interesting is that, whereas previously the only PSC ("person with significant control") was Roland Wycherley, Companies House now shows three new PSCs since 5 September - Duncan Montgomery, Blue & White UK Holdings, & Liam Dooley. A PSC can be someone who holds more than 25% of a company's shares or voting rights, someone who has the right to appoint or remove the majority of the board of directors or who has the right to exercise significant influence or control over the company. But those three PSCs were registered on 6th September. And two of them are the same person, albeit not in law (Salomon v Salomon & Co Ltd). On 13th September 840,000 new shares were issued. Does that now mean that RW regains the right to be the only PSC? And according to Companies House, Duncan Montgomery has always been the sole director of this company Blue and White UK Holdings Ltd. The name was changed from Blue and Amber Holdings on 9th September 2020. |
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Post by Deleted on Sept 13, 2024 15:32:03 GMT 1
I reckon that's a reasonable assumption. We will just have to watch this space. The next shareholders list should reveal all but I suspect it’s the only reasonable explanation . That will be the next confirmation statement I assume? |
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Post by DiglisShrew on Sept 13, 2024 15:51:37 GMT 1
The next shareholders list should reveal all but I suspect it’s the only reasonable explanation . That will be the next confirmation statement I assume? Yes - unless the club announce something beforehand. |
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Post by northwestman on Sept 13, 2024 15:56:01 GMT 1
Interesting development. 840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these). And of those 1,010,513 shares, 629,067 were held by RW. |
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Post by DiglisShrew on Sept 13, 2024 16:02:12 GMT 1
Interesting development. 840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these). And of those 1,010,513 shares, 629,067 were held by RW. I think you might find he held more than that ? He certainly held more than 75% some time ago 🤔 |
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Post by davycrockett on Sept 13, 2024 16:17:58 GMT 1
Interesting development. 840,000 new shares is just over 45% of the new total number, based on there being 1,010,513 shares in the 2023 accounts (haven't time to check whether any shares were issued after 30 June 2023, apart from these). Conversion of earlier loans to the company is an obvious explanation but has £2.1m been loaned to the company or has some new money come in? What's also interesting is that, whereas previously the only PSC ("person with significant control") was Roland Wycherley, Companies House now shows three new PSCs since 5 September - Duncan Montgomery, Blue & White UK Holdings, & Liam Dooley. A PSC can be someone who holds more than 25% of a company's shares or voting rights, someone who has the right to appoint or remove the majority of the board of directors or who has the right to exercise significant influence or control over the company. Also interesting to note that Blue & White Holdings UK limited until recently was Blue and Amber Holdings Ltd . Perhaps the previous name wasn’t suitable but seems a strange event given the clubs current colours? 🤔 Now doubt someone can offer an explanation ? 😉 Thought I’d heard Blue and White holdings are something to do with Mr Montgomery business so now he’s vice chairman of STFC has to show other interests, or something like that? |
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Post by davycrockett on Sept 13, 2024 16:19:01 GMT 1
That will be the next confirmation statement I assume? Yes - unless the club announce something beforehand. Almost sure to, rumours are usually more damaging than the truth. |
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Post by northwestman on Sept 13, 2024 16:29:49 GMT 1
And of those 1,010,513 shares, 629,067 were held by RW. I think you might find he held more than that ? He certainly held more than 75% some time ago 🤔 Hughes, Passant and Bywater all held about 80,000 shares each. Perhaps RW has taken over one or more of their shareholdings? |
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Post by Deleted on Sept 13, 2024 16:37:03 GMT 1
I think you might find he held more than that ? He certainly held more than 75% some time ago 🤔 Hughes, Passant and Bywater all held about 80,000 shares each. Perhaps RW has taken over one or more of their shareholdings? Hughes only holds 3,920. You are correct about the other two though; Passant 80,040, Bywater 82,678. |
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Post by northwestman on Sept 13, 2024 16:59:22 GMT 1
Hughes, Passant and Bywater all held about 80,000 shares each. Perhaps RW has taken over one or more of their shareholdings? Hughes only holds 3,920. You are correct about the other two though; Passant 80,040, Bywater 82,678. I was under the impression that Hughes held a further 78,000 shares by virtue of some arrangement involving his private pension. As a non accountant I'm struggling somewhat here - at present I'm bogged down looking at RW's other Company Wychbury Properties LLP! |
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Post by Deleted on Sept 13, 2024 19:18:15 GMT 1
Also interesting to note that Blue & White Holdings UK limited until recently was Blue and Amber Holdings Ltd . Perhaps the previous name wasn’t suitable but seems a strange event given the clubs current colours? 🤔 Now doubt someone can offer an explanation ? 😉 Thought I’d heard Blue and White holdings are something to do with Mr Montgomery business so now he’s vice chairman of STFC has to show other interests, or something like that? Does this somehow mean that there has been a very quiet transfer of power and we now have Mr Montgomery, Blue & White Holdings (also Mr Montgomery,)and Liam Dooley each owning 25% of the shares ,,75% in total. Will be interesting reading over the coming days. |
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Post by gtismygod on Sept 13, 2024 20:10:00 GMT 1
I wonder what the benefit is of having both Montgomery and B&W Holdings (which he owns) as PSCs.
Would that effectively give him twice as much power as someone like Liam Dooley who is a PSC, but doesn’t also own a company that is a PSC?
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Post by Deleted on Sept 13, 2024 20:17:34 GMT 1
I wonder what the benefit is of having both Montgomery and B&W Holdings (which he owns) as PSCs. Would that effectively give him twice as much power as someone like Liam Dooley who is a PSC, but doesn’t also own a company that is a PSC? I've read it as two separate PSCs, although TBF I really haven't a clue. Hopefully we will hear more in the near future,but with the clubs track record they probably won't say a thing ...I mean as stakeholders we still haven't been told what went on with SC,BC and RW,but the club still expect us to spend money with them through thin and even thinner |
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Post by darkshrew on Sept 13, 2024 20:51:48 GMT 1
Maybe Roland has done this to raise half a million from another party by selling them 200,000 shares. To keep his holding at over 60% he therefore needed to buy 400,000 shares himself. Rather neat sum to get to 600,000 new shares.
Whatever has happened, fair play to Roland if he has put more money in.
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Post by darkshrew on Sept 13, 2024 21:43:08 GMT 1
A quick questions for any accountants out there - I've just looked at the accounts and seen that the stadium is valued at replacement cost. Is that normal for the valuation of an asset like property where there is a readily available market price ?
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