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Mariners Trust share purchasing

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Iknowyoursecret
May 26, 2020, 9:03pm Report to Moderator
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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.
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crusty ole pie
May 26, 2020, 10:33pm Report to Moderator

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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.
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Iknowyoursecret
May 26, 2020, 11:19pm Report to Moderator
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But didn’t the new manger also buy shares,surely can’t make any more
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mimma
May 27, 2020, 12:37am Report to Moderator
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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.
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forza ivano
May 27, 2020, 9:32am Report to Moderator

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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
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Gaffer58
May 27, 2020, 11:22am Report to Moderator
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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?
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realist
May 27, 2020, 11:34am Report to Moderator
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Is it a condition of purchase that you have to hand them over to the major shareholder for nothing?
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grimsby pete
May 27, 2020, 12:20pm Report to Moderator

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

You should be buying them to support the club.


                           Over 33 years living in Suffolk but always a mariner.
                           65 Years following the Town
                            Ian Holloway's  Black and White Army.
                                                UTMM

 
                            
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GrimExile
May 27, 2020, 12:30pm Report to Moderator
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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.
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Gaffer58
May 27, 2020, 12:34pm Report to Moderator
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So what do you think Ollie’s motives were for him purchasing around £100k, don’t think it’s because he supports the club ?
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