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Record Straight of the Trust Share Proposal

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dapperz fun pub
September 25, 2017, 8:06am Report to Moderator
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Quoted from fleabag1970
Clee town are a fantastic watch at the moment


I prefer Grimsby boro myself  
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HertsGTFC
September 25, 2017, 8:25am Report to Moderator

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Quoted from TheRealJohnLewis


I am not sure of the actual mechanics of how the transfer of loans to shares would be done.  GTFC as a company are not on any of the financial markets so therefore the shares do not fluctuate. So the £100 share you own will always be worth £100. In normal companies, shareholders would expect a dividend on their investments.  I wonder if any clubs pay a dividend?  

On a side note, how the hell can the club charge $125, for a £100 share in the club shop?? Daylight robbery.



No, I don't think so, it doesn't go through the profit and loss account so wouldn't attract tax liabilities.

I was having a think last night as to my original question, as to why JF doesn't transfer his loans to shares. I came to the conclusion that it is because it is in JF best interest to keep them as loans.  The loans are secured over the clubs assets, so if the club went mammaries up, then he could try and get as much of his £2.2mil in loans back, before shareholders get a chance to reclaim their losses.  The clubs assets are currently £2.1, but only property is likely to be worth anything, and according to the statements is worth £1.6 mil.  

If JF transferred his loans to shares then he won't be first in the queue to get his money back. His shares would rise to 75-85% (Guestimate), if the club went mammaries up then he'd only get this percentage of his money back.

So to conclude, unless I am interpreting the whole situation wrong, then it's in JF interested to keep as loans and it's in the clubs interest to transfer as shares. and I refer you to my original quote:



Disclaimer:  the above is based on figures from the May 16 financial statements, which I have used to form my own opinion of events, in no way do I present the intentions of JF as fact, only my opinion.


Even if a business is not quoted the share price can change as it depends on what the perceived value of the business is. I currently work in a JV model business where we usually value a business at 2.5 x it's OP.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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golfer
September 25, 2017, 8:55am Report to Moderator
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Quoted from HertsGTFC


Even if a business is not quoted the share price can change as it depends on what the perceived value of the business is. I currently work in a JV model business where we usually value a business at 2.5 x it's OP.


Then you will know that every company has to have a business plan that is a truthful indication of the future aims of a company and plans for reaching them ' is this why we don't have a chairman ?
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HertsGTFC
September 25, 2017, 10:09am Report to Moderator

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Quoted from golfer


Then you will know that every company has to have a business plan that is a truthful indication of the future aims of a company and plans for reaching them ' is this why we don't have a chairman ?


I'm sure GTFC has a business plan but I would not be surprised if it did not include anything relating to what happens on the pitch.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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Ahh Sole
September 25, 2017, 10:21am Report to Moderator
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Quoted from HertsGTFC


I'm sure GTFC has a business plan but I would not be surprised if it did not include anything relating to what happens on the pitch.


Is it possible that the fagpacket it was written on has gone missing?
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Cloudy
September 25, 2017, 10:56am Report to Moderator
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Quoted from Cod marriner
The club has become a joke it's beyond boring now, i have stuck with it as long as I can but I'm having a break till something drastically changes I'm done with it. I know lots of folk who have stopped going and many very loyal ones too I think that tells a story of what is slowly happening here. I never thought I would stop going but it's just too painful to watch now. If we carry on like this then we'll drop quicker than knickers on a hore!


I appreciate you are only an irregular poster on here although the point you make is extremely valid.

I haven't stopped going (yet) but I know of many fans who have been going for decades and they have had enough of the smoke and mirrors type management of the club. Attendances will be hit heavily unless we really go on a winning run but in all honesty even that will not see BP rocking. Too many are going out of habit, nothing more.
There will be some who say a club is for life and will go week in week out regardless. It's a bit like some marriages, you aren't happy but go through the motions. Maybe some decide a separation or even divorce is better
What many think is it isn't going to get any better in the foreseeable future under JF's tenure and that isn't going to change either
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rancido
September 25, 2017, 5:24pm Report to Moderator

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Quoted from Cloudy


I appreciate you are only an irregular poster on here although the point you make is extremely valid.

I haven't stopped going (yet) but I know of many fans who have been going for decades and they have had enough of the smoke and mirrors type management of the club. Attendances will be hit heavily unless we really go on a winning run but in all honesty even that will not see BP rocking. Too many are going out of habit, nothing more.
There will be some who say a club is for life and will go week in week out regardless. It's a bit like some marriages, you aren't happy but go through the motions. Maybe some decide a separation or even divorce is better
What many think is it isn't going to get any better in the foreseeable future under JF's tenure and that isn't going to change either



I don't think what happens within the club affects the attendances as much as the results on the pitch. If town were in top spot and something happened within the clubs boardroom structure then I doubt that would affect the attendance of the next home match. But six home defeats on the run would definitely affect the next home attendance.


The Future is Black & White.
"The commonest thing on this planet is not water , as some people believe, but stupidity ". Frank Zappa
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headingly_mariner
September 25, 2017, 5:56pm Report to Moderator

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Quoted from rancido



I don't think what happens within the club affects the attendances as much as the results on the pitch.
If town were in top spot and something happened within the clubs boardroom structure then I doubt that would affect the attendance of the next home match. But six home defeats on the run would definitely affect the next home attendance.


But surely what happens on the pitch is massively linked to what happens in the boardroom and how the club is run?
I agree that if we were top of the league some people wouldn't be as bothered. I do think that issues like the club voting for the checkatrade trophy would still not go down well if we were top of the league.
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fleabag1970
September 25, 2017, 6:11pm Report to Moderator
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The only game I will be going to is the diz game ....


]Remember its just my opinion  ..... It might not be true ............
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Cloudy
September 25, 2017, 7:11pm Report to Moderator
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Quoted from fleabag1970
The only game I will be going to is the diz game ....


Do you mean the Turgoose & Griffith showbiz game?
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