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Looks like we are offering £45,000,000 of new shares, and our share value is down 90% ?
Is that correct ?
Is that correct ?
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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. -
Re: Shareholders letter
Glad it's not just me then ! Doubt it's good news for small investors.Originally posted by Michael Morris View PostComment
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Re: Shareholders letter
Do you want to post it on here? I'm not a shareholder but would be interested to read it.Originally posted by G rangetown Blue View PostLooks like we are offering £45,000,000 of new shares, and our share value is down 90% ?
Is that correct ?Comment
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Re: Shareholders letter
Up to 'The Boss'! .... I don't mind.Originally posted by Optimistic Nick View PostComment
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Re: Shareholders letter
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!Originally posted by Michael Morris View Post
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 investorsComment
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Re: Shareholders letter
MikeOriginally posted by Michael Morris View Post
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
KeithComment
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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:)Comment
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Re: Shareholders letter
If someone could do that it would be great. I’m travelling this afternoon and I don’t have the letter with meOriginally posted by Ninian1962 View PostComment
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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.Comment
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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?Originally posted by Doucas View Post
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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.Comment
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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.Comment
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Re: Shareholders letter
Think the Isaac case is very soon and we have the Sala one.Originally posted by Pedro de la Rosa View PostI wonder why the club might need money, does anyone know if we have any legal cases in the next few weeks?
Oh and scrounging Sam's case.Comment
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Re: Shareholders letter
If you PM me your e mail I'll send it over nowOriginally posted by Optimistic Nick View PostComment
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