Lindau Posted March 15, 2015 Report Share Posted March 15, 2015 It would be great if someone like the Weirs invested in the club. Despite being advised by some nugget on here that Colin Weir was a red hot Sevco fan and there was no way he would invest in Thistle, by pumping the £750,000 into the youth set up he has proven where his loyalty lies. Pretty hopeful that if the club did hit money problems, that he might help out. If we stay up things should start to look up next year with the return of Hearts and probably Hibs, both of whom carry good travelling supports Quote Link to comment Share on other sites More sharing options...
La Scimmia Rossa Posted March 15, 2015 Report Share Posted March 15, 2015 Re a share issue. It is absolute nonsense to say that it is always a bad idea. It's how small illiquid companies raise cash. David Beattie's explanation in the programme seems reasonable. If there is someone lined up, that's a good thing. The only people who will suffer re share dilution are existing holders. Given the shares are worthless anyway, it makes little difference? Quote Link to comment Share on other sites More sharing options...
ian_mac Posted March 15, 2015 Report Share Posted March 15, 2015 Re a share issue. It is absolute nonsense to say that it is always a bad idea. It's how small illiquid companies raise cash. David Beattie's explanation in the programme seems reasonable. If there is someone lined up, that's a good thing. The only people who will suffer re share dilution are existing holders. Given the shares are worthless anyway, it makes little difference? If you look back over the thread Colin - no one has said it's a bad idea. If we have a big investor lined up like the Weirs then it's certainly a good idea. What some people like myself have said is that it probably isn't good news in terms of the current state of the club financially. I'm glad that the chairman has delivered some clarification at the first opportunity. However, javeajag's opening post on this thread indicated that the letter sent to shareholders mentioned the drop in crowds and he then linked that to an impending share issue. That's not exactly consistent with the explanation the chairman has given. I'd be interested to see exactly what words were used in the letter if anyone can post that. Quote Link to comment Share on other sites More sharing options...
potty trained Posted March 15, 2015 Report Share Posted March 15, 2015 Re a share issue. It is absolute nonsense to say that it is always a bad idea. It's how small illiquid companies raise cash. David Beattie's explanation in the programme seems reasonable. If there is someone lined up, that's a good thing. The only people who will suffer re share dilution are existing holders. Given the shares are worthless anyway, it makes little difference? Who has said a share issue is always a bad idea? Regarding the dilution of shares and those shares current worth, only the current major shareholders can answer that, there might not be financial worth, but the company who currently runs the football club are in a position where none of the major shareholders have any influence in the day to day running of the club or company. So do those see people another worth in holding those shares? Quote Link to comment Share on other sites More sharing options...
Members Willjag Posted March 15, 2015 Members Report Share Posted March 15, 2015 Spoke to maxi yesterday...... No one lined up to invest but clearly they are going to look to get some We will post a loss this season not a disaster but still a loss Thanks for the info javeajag Quote Link to comment Share on other sites More sharing options...
Mr Bunny Posted March 16, 2015 Report Share Posted March 16, 2015 It would be great if someone like the Weirs invested in the club. Despite being advised by some nugget on here that Colin Weir was a red hot Sevco fan and there was no way he would invest in Thistle, by pumping the £750,000 into the youth set up he has proven where his loyalty lies. Pretty hopeful that if the club did hit money problems, that he might help out. If we stay up things should start to look up next year with the return of Hearts and probably Hibs, both of whom carry good travelling supports Not sure you can say where their football loyalty - if any - lies. They have put money into quite a few schemes to help smaller teams. And it's not just throwing money at them --- it's been to build facilities and so on which may not help immediately but will benefit the teams long term. In our case they've specified the money goes into our youth system, again long term benefit to the club. They seem to have a wish to do something for local communities via football: small clubs usually have good community links so helping them does that; in our case developing youth players is good for local youngsters who want to play football - many may not make careers out of it but will had fun, made friends and got fit. I think the way they go about things is better than the sugar daddy who comes along, blows money (not always his own money) and then leaves the club in a parlous state afterwards. Look at Morton for instance. The Weirs' way of doing things has minimal initial benefit but is much more beneficial in the long run. 2 Quote Link to comment Share on other sites More sharing options...
allyo Posted March 16, 2015 Report Share Posted March 16, 2015 I think you're right. They seem to do things the right way and, regardless of our loyalties (biases), throwing money at a football club to blow as they wish is not the doing things the right way. Quote Link to comment Share on other sites More sharing options...
ScottyDFA Posted March 16, 2015 Report Share Posted March 16, 2015 "... In the event that the board did identify suitable investors, this resolution would allow us to act swiftly to secure that new investment. Any funds received in return for shares would of course be used for the benefit of the club." Without a lot more specificity, this is all a bit too elastic for me to feel comfortable with. One person's idea about what benefits a football club can be very different from another's. Another slice of Propco, anyone? Quote Link to comment Share on other sites More sharing options...
Paulo Posted March 16, 2015 Report Share Posted March 16, 2015 Gnomes for the south end, at last. Quote Link to comment Share on other sites More sharing options...
johno the jag Posted March 16, 2015 Report Share Posted March 16, 2015 There is big investor ready to buy controlling share in club but board reluctant to let it happen ! Quote Link to comment Share on other sites More sharing options...
Rid Skwerr Posted March 16, 2015 Report Share Posted March 16, 2015 There is big investor ready to buy controlling share in club but board reluctant to let it happen ! interesting! Any evidence available? Quote Link to comment Share on other sites More sharing options...
potty trained Posted March 16, 2015 Report Share Posted March 16, 2015 There is big investor ready to buy controlling share in club but board reluctant to let it happen ! Why, because the board don't own a controlling share in the club? 2 Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted March 16, 2015 Report Share Posted March 16, 2015 If the board were reluctant to let it happen, why would they be seeking permission to issue new shares ? Quote Link to comment Share on other sites More sharing options...
allyo Posted March 16, 2015 Report Share Posted March 16, 2015 Because conspiracies are what we do. Quote Link to comment Share on other sites More sharing options...
mulguy jag Posted March 16, 2015 Report Share Posted March 16, 2015 I wonder if this is the same investor [ thistle fan since a boy ] that I am aware of. Quote Link to comment Share on other sites More sharing options...
1 John Lambie Posted March 16, 2015 Report Share Posted March 16, 2015 Should we stay up we should comfortably meet the 4,500 breakeven figure next season, assuming fixtures are kind to us in terms of when we play the 'big' teams at home. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted March 17, 2015 Report Share Posted March 17, 2015 Should we stay up we should comfortably meet the 4,500 breakeven figure next season, assuming fixtures are kind to us in terms of when we play the 'big' teams at home. Surely that depends on who comes through the playoffs. It could easily be Falkirk or Queen of the South, or St.Mirren/Motherwell surviving, who would bring a very different support. Quote Link to comment Share on other sites More sharing options...
johno the jag Posted March 17, 2015 Report Share Posted March 17, 2015 could very well be the person you are aware of ! Quote Link to comment Share on other sites More sharing options...
potty trained Posted March 17, 2015 Report Share Posted March 17, 2015 could very well be the person you are aware of ! Might not be though, could be the other party? Quote Link to comment Share on other sites More sharing options...
Paulo Posted March 17, 2015 Report Share Posted March 17, 2015 Spartacus? Quote Link to comment Share on other sites More sharing options...
javeajag Posted March 17, 2015 Author Report Share Posted March 17, 2015 I'm Spartacus Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted March 17, 2015 Report Share Posted March 17, 2015 It also depends how the club market the shares as to how successful it will be, make it a minimum buy in of £1000 and you limit your audience, set it at £100 and more may buy in. The bigger issue is this share issue a sticking plaster for a gaping wound or a fix to take us to the next level? 1 Quote Link to comment Share on other sites More sharing options...
madcapmilkdrinker Posted March 18, 2015 Report Share Posted March 18, 2015 "... In the event that the board did identify suitable investors, this resolution would allow us to act swiftly to secure that new investment. Any funds received in return for shares would of course be used for the benefit of the club." Without a lot more specificity, this is all a bit too elastic for me to feel comfortable with. One person's idea about what benefits a football club can be very different from another's. Another slice of Propco, anyone? Exactly my reading too. Give us the power to do what we want when we want to was the subtext of those program notes. Quote Link to comment Share on other sites More sharing options...
Fawlty Towers Posted March 18, 2015 Report Share Posted March 18, 2015 Better start saving up: http://www.bbc.co.uk...litics-31939962 Quote Link to comment Share on other sites More sharing options...
Third Lanark Posted March 18, 2015 Report Share Posted March 18, 2015 Spartacus? Or worrying perhaps this argentine consortium who were hanging about trying to get their claws into other Scottish football clubs recently Quote Link to comment Share on other sites More sharing options...
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