Shareholders letter

[G rangetown Blue]

Looks like we are offering £45,000,000 of new shares, and our share value is down 90% ?

Is that correct ? :shrug:

[Michael Morris]

Re: Shareholders letter

I got a letter as well.

Total gobbledygook to me.

Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.

[G rangetown Blue]

Re: Shareholders letter

I got a letter as well.

Total gobbledygook to me.

Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.

Glad it's not just me then ! Doubt it's good news for small investors.

[Optimistic Nick]

Re: Shareholders letter

Looks like we are offering £45,000,000 of new shares, and our share value is down 90% ?

Is that correct ? :shrug:

Do you want to post it on here? I'm not a shareholder but would be interested to read it.

[G rangetown Blue]

Re: Shareholders letter

Do you want to post it on here? I'm not a shareholder but would be interested to read it.

Up to 'The Boss'! .... I don't mind.

[Don Corleone]

Re: Shareholders letter

I got a letter as well.

Total gobbledygook to me.

Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.

Can’t understand a single word of that letter! Looks like they are issuing new shares with a nominal value of £0.01 having the same rights as ordinary shares with a nominal value £0.10 but no idea what that actually means!

There is an option to sign but not returning the forms means you dont agree - which seems unusual as not doing anything is probably the default setting of most of the small investors

[Ninian1962]

Re: Shareholders letter

I got a letter as well.

Total gobbledygook to me.

Hopefully Keith can enlighten us and tell me whether I need to agree and send the document back or ignore.

Mike

We checked this morning and the Trust as a shareholder have not received a letter. I have chased up the club on this but, in the meantime, if someone can scan and post a copy of the letter on here I will be free later to comment on it

Keith

[tricks]

Re: Shareholders letter

Last letter I had from Mr Choo was 2016 and because the majority shareholder had 89% the resolution was effectively passed. Like others I await being told what it all means and how rich I'm not:)

[Michael Morris]

Re: Shareholders letter

Mike

We checked this morning and the Trust as a shareholder have not received a letter. I have chased up the club on this but, in the meantime, if someone can scan and post a copy of the letter on here I will be free later to comment on it

Keith

If someone could do that it would be great. I’m travelling this afternoon and I don’t have the letter with me

[Doucas]

Re: Shareholders letter

Yikes this means the club are trying to raise money, essentially this means current shareholders have been ****ed over badly short term. Long term if that £45m was spent on players to help with a premiership push then maybe the current shareholders can still make a profit.

But if I held shares in Cardiff right now I'd be PISSED.

edit: I didn't even know you could buy shares in Cardiff.

[Pedro de la Rosa]

Re: Shareholders letter

Yikes this means the club are trying to raise money, essentially this means current shareholders have been ****ed over badly short term. Long term if that £45m was spent on players to help with a premiership push then maybe the current shareholders can still make a profit.

But if I was held shares in Cardiff right now I'd be PISSED.

I wonder why the club might need money, does anyone know if we have any legal cases in the next few weeks? :sherlock:

[Croesy Blue]

Re: Shareholders letter

Are they doing a rights issue to raise money?

As a share holder you’d hope not to lose out as you can usually buy shares at an issue price which should be lower than the market price, the overall share price will average down but you should end up with enough shares to not lose money. Not seen the letter though as only guessing.

[tricks]

Re: Shareholders letter

This goes back to around 2001 when we stumped up some cash for Kurt Nogan in return for shares. I had mentally written my modest sum off about a year later....Still, would be nice to get something out of it apart from the occasional Cardiff City letter. I wish.

[stan butler]

Re: Shareholders letter

I wonder why the club might need money, does anyone know if we have any legal cases in the next few weeks? :sherlock:

Think the Isaac case is very soon and we have the Sala one.
Oh and scrounging Sam's case.

[G rangetown Blue]

Re: Shareholders letter

Do you want to post it on here? I'm not a shareholder but would be interested to read it.

If you PM me your e mail I'll send it over now