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Re: Share in our future: Details

By Sev14/5 20:13Tue May 14 20:13:19 2019In response to Re: Share in our future: Details

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Checking Companies House, the latest confirmation statement shows 324,800 shares in issue and looks like they are planning to issue new shares (12%).

They're valuing the club a £8.8 million. Not sure how they've come to that figure if it's £40 a share. Important to consider for me because if you're looking to buy and sell on the exchange, then we need to know how they're valuing the company i.e. what will make the value of the shares go up and who decides that on the Tifosy exchange? Is it a demand v supply led thing, or do they actually use financial performance data to revalue shares. ie. we report large profits so the share value goes up? I don't think I know enough how it all works to invest.

The latest accounts available show a balance sheet value of £181,000 so it's clearly not based on asset value.

Retained earnings went from minus £960,884 to minus £203,422 suggesting a profit for the period to 31 May 2018 of £757,462, so could be using a multiple of profits, but presumably that profit is largely down to the sale of Ben Wilmott, a one off that you might not normally take into account in valuing a company.

Obviously it's been valued professionally, not suggesting anything untoward, and ultimately the value of something is what people are willing to pay. Do I think it's a bit high as a potential investor, probably. And if it's a high initial value how likely is the value to go up even more, or will it just fall straight away.

Second point, if you buy 40 shares, then if there's 324,800 shares (plus 12% new ones) you're going to be owning about 0.01%. Hardly going to give you any real interest.

The attraction is based on the perks that come with it and whether you're willing to bet on us being promoted and doing well. If you're certain we will make the Championship then certainly it'll turn out a good investment.

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Next article in this thread: Re: Share in our future: Details by Owen14/5 20:26Tue May 14 20:26:33 2019

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