Mariners Trust share purchasing

I have a few questions

Who’s shares are we buying ?
If Ian Holloway bought a load of share where did these come from you can’t just make them up
Does this mean that everybody that is a shareholder, that there holdings have been diluted.Have they the permission of the shareholders.

You will be buying new shares I believe the board are well within their rights to issue small numbers of new shares to raise money.

But didn’t the new manger also buy shares,surely can’t make any more

My understanding is that there are some shares that are unsold and held by the club for people to buy. I bought a share a while back. In the annual accounts it lists how many shares have been bought in the financial year. It's usually about 250 - 300 in a year.

The number of shares is the value of the business. If Town has been valued at say £5 million, then that's the value of the shares in that company. You can't just print more shares since you are increasing the value of the business beyond its worth.

This is my understanding of how shares work.

Quoted from mimma

My understanding is that there are some shares that are unsold and held by the club for people to buy. I bought a share a while back. In the annual accounts it lists how many shares have been bought in the financial year. It's usually about 250 - 300 in a year.

The number of shares is the value of the business. If Town has been valued at say £5 million, then that's the value of the shares in that company. You can't just print more shares since you are increasing the value of the business beyond its worth.

This is my understanding of how shares work.

If you issue more shares the value of the individual shares is diminished. The company is still worth £5 million but if the shares in circulation are doubled from day 500,000 to a million your individual shares value is halved from £10 to £5. It's not a nice feeling when it happens to you as an investor, but it can be a good thing long term as it gives the company a cash boost when it might be undertaking an expansion plan or takeover which will benefit everyone in years to come

The current Mrs Gaffer got me a share for Christmas, doesit mean that soon the frame I put it in will be worth more then the share?

Is it a condition of purchase that you have to hand them over to the major shareholder for nothing?

You do not buy shares in Grimsby Town FC to make money.

You should be buying them to support the club.

Quoted from grimsby pete

You do not buy shares in Grimsby Town FC to make money.

You should be buying them to support the club.

Here here. About to buy mine now.

So what do you think Ollie’s motives were for him purchasing around £100k, don’t think it’s because he supports the club ?

Quoted from Gaffer58

So what do you think Ollie’s motives were for him purchasing around £100k, don’t think it’s because he supports the club ?

Must be the reason. The club have never paid any dividends to shareholders in its history.  He has seen the books and studied the history so knows full well what he is getting into.

Quoted from realist

Is it a condition of purchase that you have to hand them over to the major shareholder for nothing?

Absolutely not, the purchaser (of the club) has to buy them from you. Usually at an agreed price - you will often see news reports about companies being bought for "X amount per share, valuing the company at X". That is the major shareholders saying to the purchaser we will sell you the company for a specific amount, which equates to a figure per share.

I assume that you're a small shareholder so in reality it's unlikely that you will have to sell your shares, a buyer is interested in the significant numbers of shares held by major shareholders. Although, when Louis Edwards became majority shareholder in Man Utd the story goes that he bumped up his shareholding by going round to small shareholders and buying their shares from them, virtually on their doorstep.

Ollie said he wanted a project before he came to us.

So in my mind he not only wanted to manage he wanted to be on the board.

I also believe he will increase his amount when he becomes chairman.

I hope he has not agreed to buy Fentys lot but put new money into the club.

Could there be a bidding war that will see my shareholding increase in value, do I need to inform the tax man.

Surely Ollie has paid his own first year wage !!!!

How easy is it to transfer/gift bought shares to the Trust?

Quoted from immariner

How easy is it to transfer/gift bought shares to the Trust?

Be careful on this as sometime in the future the trust may be convinced of handing over their shares to ensure the “ survival “ of the club.

I’m sure when the trust was handed the shares from Mr Parker,something was put in place so the mariners trust could not increase their shareholding.But I might be wrong.

Say I bought £1,000 of shares in this scheme.

Would I be able to sell them back if I wanted at a later date?

Quoted from Gaffer58

So what do you think Ollie’s motives were for him purchasing around £100k, don’t think it’s because he supports the club ?

His motive was so he can’t get treat like excrement and sacked like he did at his last job.

Sh.ite . Instead of spending £100 on the crowdfunder and £150 in the club shop yesterday I should’ve bought shares as I would’ve made a fooking fat profit when Shutes buys the club lol 😂

The board has permission of the shareholders to sell shares up to the limit agreed. The shareholders allow this because even thought it reduces the % holding they have, the funds gained from selling shares are then available to strengthen the business. The shares have an agreed selling price and a nominal value, but GTFC is not listed on any stock exchange so they do not go up and down in value, any sale value is what you can sell them for privately.

I’m a small shareholder and I have not voted on this,I’ve asked quite a few tonight and none of them have not as well.

In no way am I trying to slur the work done by the Trust either previously or at present.  But just from looking at the comments here and on Twitter, there's quite clearly still a bit of nervousness when it comes to the issues of shares and the Trust following what happened with the shares gifted by Mike Parker.  Shame really as at no point has the Trust tried to act in anything but the best interest of the club, but it definitely highlights the battle it faces at present.

Regards the point on Holloway, it still puzzles me a little as to why he purchased the shares in the first place.  Initially I read between the lines that it was his way of showing Fenty that he was serious about the club and a way of alleviating any fears that he was just here to rebuild his profile or just something to satisfy a short-term interest.  But I can't imagine for a second that Holloway really had to charm Fenty, or anyone else on the board, that much to begin with - definitely not to the point of having to put his hand his pocket to the tune of £100,000.

Holloway's comments in recent weeks that have glowed about Fenty and the board, added to his PR piece about not really wanting Schutes on board too have only added to that thought that Holloway is here for something far more than just managing.  He might like to push out this image that he's all heart-on-sleeve but Holloway is no mug, far from it.  I'm certainly not saying he's here with bad intentions, but I still think there's more to this than meets the eye and part of a much bigger picture regards the whole club.

Ollie is here for life he is selling his home and moving up lock stock and barrel .

He has rented a house for now and once he has sold his house he will buy one up here.

At the right time he will step down as manager and be chairman and most likely major shareholder.

We weren’t first choice and the romantic story of him being here for the long term is just that.

As I’ve said time and time again, it was win win for Holloway and the board. Fans were desperate for someone with a personality, let’s face it, even Buckley didn’t have much of one. Holloway is well known and has had a modicum of success. The club were seeing an increasingly disgruntled fan base, many of those happy clapper Fenty in types were beginning to question the role of the board...

Holloway turns up with £100k, requires little more investment from the club, they get a manager who can whip up some interest even if the football isn’t brilliant, the board look like geniuses. Simples really.

Time will tell but Holloway’s recent comments are worrying, added to that the fact he said the Oystons were good people, Millwall views of him and his atrocious second spell at QPR it’d be shrewd of us to be cautious. This constant negative approach, the image the club are trying to portray should actually set alarm bells, not regarding Shutes but the club...sadly there are still masses of fans that think the current leadership is ok and hasn’t been as bad as it actually has.

Regarding the trust, everyone had their own views. At times they’ve appeared as much as puppets as everyone else at GTFCs gentleman’s club, at other times they’ve stood up and made their stand.

The share price thing is always gonna rumble on and who can or can’t buy them. On a wider level, I will never believe the reason the club/Fenty didn’t sell was because Shutes didn’t prove funds. It translates as he wouldn’t play their games, he kept his cards to his chest and that didn’t fit with the clubs approach...now we get this constant, quite frankly boring narrative that Shutes isn’t great blah blah but it has little substance, and rightly so, contrary to the beliefs of some, Shutes just keeps quiet and has some level of dignity and decorum unlike the club who jump at a chance to diminish him and dismiss him.

"Shares to be sold in blocks of £100"
Can someone please tell me how many shares is that?
Thanks.

£3,000 worth of shares snapped up by fans already.

Quoted from aldi_01

added to that the fact he said the Oystons were good people

Didn't know he'd said that, blimey!

Quoted from Heswall Mariner

"Shares to be sold in blocks of £100"
Can someone please tell me how many shares is that?
Thanks.

Each share is £100, so that equals one.

So how many 100 shares are there

Quoted from Abdul19

Didn't know he'd said that, blimey!

Not seen him say they were good people, just that he appreciated the relationship they had and how shrewd he was- even though he basically lost out on owed bonuses as a result.

https://footballleagueworld.co.....s-time-at-blackpool/

Did he Really purchase these ghost shares?,if he did where’s the money from the sale of those shares

Quoted from diehardmariner

Not seen him say they were good people, just that he appreciated the relationship they had and how shrewd he was- even though he basically lost out on owed bonuses as a result.

https://footballleagueworld.co.....s-time-at-blackpool/

Wow, he sounds like a right piece of work. Even if you can get around paying somebody what they think they're due with a loophole, it hardly makes sense to make your most successful manager in god knows how many years unhappy over a technicality.

I thought the owner of GTFC had to have enough money put aside to cover a downturn in the clubs fortunes? That is what is expected of Shutes by the current board. So why are the fans expected to buy worthless shares in the club? Fenty should cover all losses surely?

I’m not financially savvy regards shares and buying and selling, Mrs Gaffer got me one for Christmas, so if someone does come in and start buying shares to gain control, am I right or wrong where if an individual doesn’t sell by a certain date then his shares become obsolete, something tells me this happened at Arsenal some way back, unless that was where the chap had bought up the majority and then announced he was making them a private company.
Plus, can everyone, even with one share attend the annual general meeting, if so it could be quite full at the next one.

Quoted from GrimExile

Each share is £100, so that equals one.

Wrong. Each share is worth £1, £100 buys you 100 shares.

There are different valued shares pizzzza.  They can be £1, £10, £100, £500 or more.   Looks like the ones on sale for fans are single shares valued at £100 each.

Is there anyway to track how much has been raised so far from this campaign?

Quoted from MarinerDevil

Is there anyway to track how much has been raised so far from this campaign?

https://twitter.com/MarinersTrust/status/1266408415577935872

Ah, that easy, huh?  Thanks.

Quoted from pizzzza

Wrong. Each share is worth £1, £100 buys you 100 shares.

Interesting. I was convinced every share was £100 each and when I read your post just now I checked my share certificate from the first sale some years ago. I saw the were £50 per share. I’m assuming therefore that the current sale will be the same. Assuming that is correct I hope I’ve cleared up the matter.

Quoted from GrimExile

Interesting. I was convinced every share was £100 each and when I read your post just now I checked my share certificate from the first sale some years ago. I saw the were £50 per share. I’m assuming therefore that the current sale will be the same. Assuming that is correct I hope I’ve cleared up the matter.

There are various denomination of share BUT all the £1, £25,& £50 have been issued. The only shares authorised but unissued are the £100 ones. No others are available ( because they have all been sold)

Quoted from Ballgazer

There are various denomination of share BUT all the £1, £25,& £50 have been issued. The only shares authorised but unissued are the £100 ones. No others are available ( because they have all been sold)

Thanks for that, I didn’t realise there were different values of shares. I’ve just bought some more so I’ll soon find out. Thanks again. #UTM

Apart from the price, what is the difference between the different prices, if A has 1 share at £50 and B has 1 share at £100, does B get anything extra. Always thought that a company’s shares were always valued the same, just that the individual price could go up or down.

Quoted from Gaffer58

Apart from the price, what is the difference between the different prices, if A has 1 share at £50 and B has 1 share at £100, does B get anything extra. Always thought that a company’s shares were always valued the same, just that the individual price could go up or down.

They are not listed on the stock exchange so do not go up and down.

It isn't about speculating to make money, it's about helping the club in a crisis and at the same time being able to say I own a bit of the club.

So other than a certificate, what do you get? Voting rights? A say? If one bought enough could they join the board (I mock, we know this doesn’t happen)? Other than handing the club some cash, which one could do by purchasing a shirt, garden gnome, scarf etc what is it worth, or is it simply a cash generator?

Not saying that’s a bad thing at all. I believe o have a certain age from way back when this first started but what’s the incentive now?

Quoted from aldi_01

So other than a certificate, what do you get? Voting rights? A say? If one bought enough could they join the board (I mock, we know this doesn’t happen)? Other than handing the club some cash, which one could do by purchasing a shirt, garden gnome, scarf etc what is it worth, or is it simply a cash generator?

Not saying that’s a bad thing at all. I believe o have a certain age from way back when this first started but what’s the incentive now?

You are an absolute pit of doom. The negativity is grinding me down.

Quoted from KK_DOG

You are an absolute pit of doom. The negativity is grinding me down.

I couldn’t agree with you more. Whether it’s the lockdown that’s making people more bitter and twisted, or whether the lockdown has made me more sensitive I just don’t know. What I do know though is that like you it’s grinding me down and to be frank maybe I just need a break from the Fishy and all its negative and sometimes nasty posts. #UTMM

Quoted from KK_DOG

You are an absolute pit of doom. The negativity is grinding me down.

A pit of doom for asking a question? Sorry, I’ll be all happy clappy if that helps? Have a flipping word.

If you’d bothered to read my comment you quoted you’d see I didn’t say it was a bad thing...merely asked what you get. I’ve had mine so long I don’t even know where the certificate is.

In the current climate people will want the answer, people may want a little more than a certificate that says they own a share.

But yeh, I’ll be all happy clappy because some folk can’t deal with realism and want optimism constantly...beat have a word with the club too...hardly a flipping barrel of laughs coming from them...

Quoted from aldi_01

A pit of doom for asking a question? Sorry, I’ll be all happy clappy if that helps? Have a flipping word.

If you’d bothered to read my comment you quoted you’d see I didn’t say it was a bad thing...merely asked what you get. I’ve had mine so long I don’t even know where the certificate is.

In the current climate people will want the answer, people may want a little more than a certificate that says they own a share.

But yeh, I’ll be all happy clappy because some folk can’t deal with realism and want optimism constantly...beat have a word with the club too...hardly a flipping barrel of laughs coming from them...

You only get a certificate. What else do you want? The only reason people are buying shares is to help the club in these unprecedented times. And if you’ve read my last post it’s comments like yours with completely unnecessary bad language that is forcing me to give the Fishy a break. #UTM

Quoted from KK_DOG

You are an absolute pit of doom. The negativity is grinding me down.

Have you got such a lack of confidence in the way things are that you’re so easily ground down then? It doesn’t say much does it that your mood can be dragged down by someone asking a pertinent question.

Can’t see the real point in purchasing shares as when we move to freeman street it will be a community stadium thus rendering the shares virtually worthless as the shareholders won’t own the stadium all they own is the players

Quoted from Iknowyoursecret

Can’t see the real point in purchasing shares as when we move to freeman street it will be a community stadium thus rendering the shares virtually worthless as the shareholders won’t own the stadium all they own is the players

Is this a wind up or do you really not get it?

Quoted from Iknowyoursecret

Can’t see the real point in purchasing shares as when we move to freeman street it will be a community stadium thus rendering the shares virtually worthless as the shareholders won’t own the stadium all they own is the players

They're already virtually worthless GTFC hasn't paid a dividend in living memory. You just 'own' a bit of the club, that's all

Quoted from Ipswin

They're already virtually worthless GTFC hasn't paid a dividend in living memory. You just 'own' a bit of the club, that's all

That’s really cheered me up, my 1 share now means I own Macca’s left bollock.

Quoted from Gaffer58

That’s really cheered me up, my 1 share now means I own Macca’s left bollock.

or that turd in the bog in the main stand that doesn't flush properly

Yeah, sorry about that

Just had a look at Companies House

Grimsby Town Football PLc have filed 2 Satisfactory of charge in full on the 5th April 2020

The first was on the freehold on Blundell Park approx 20,512 sq yards taken on the 28th July 1981, the other on the Freehold on Imperial Avenue and Constitutional Avenue Cleethorpes taken on the 28th July 1981.

Quoted from The Yard Dog

Just had a look at Companies House

Grimsby Town Football PLc have filed 2 Satisfactory of charge in full on the 5th April 2020

The first was on the freehold on Blundell Park approx 20,512 sq yards taken on the 28th July 1981, the other on the Freehold on Imperial Avenue and Constitutional Avenue Cleethorpes taken on the 28th July 1981.

For the simple laymen on here could you explain what that means Mark ?

Thanks in advance.

Debts (e.g. mortgage) paid off I think.

Quoted from psgmariner

Debts (e.g. mortgage) paid off I think.

Thanks

Quoted from Gaffer58

That’s really cheered me up, my 1 share now means I own Macca’s left bollock.

Could be worse, you could have owned one of the goalmouth humps     

Quoted from Gaffer58

That’s really cheered me up, my 1 share now means I own Macca’s left bollock.

Any particular reason you went for the left?

Quoted from grimsby pete

For the simple laymen on here could you explain what that means Mark ?

Thanks in advance.

The club took out a mortgage with Lloyds bank, using the Freehold on BP, as collateral.

The mortgage must have paid paid off, meaning the the charge on the BP, is settled in full.

No more liability attached to Freehold of BP.

The thing that surpurised me was that the club hold the Freehold for Imperial Ave & Constitutional Ave, not sure if in whole or part

Quoted from The Yard Dog

The club took out a mortgage with Lloyds bank, using the Freehold on BP, as collateral.

The mortgage must have paid paid off, meaning the the charge on the BP, is settled in full.

No more liability attached to Freehold of BP.

The thing that surpurised me was that the club hold the Freehold for Imperial Ave & Constitutional Ave, not sure if in whole or part

Would this not have been the financing for the Findus Stand?