Just before 1pm today the Stock Market noted that there had been a sale, at a price of 41p per share, of 3,328,672 shares in Rangers International Football Club PLC at a price of 41p each.
With such a sizeable sale there will require to be an imminent announcement about the seller/buyer.
What will be interesting is the view on life of the seller.
With such a large shareholding it is unlikely that the seller paid full price for the shares at the IPO. It is much more likely that the seller is one of the initial investors who got shares for 1p each. Continue reading
So, he has finally gone!
The BBC is reporting that Sandy Easdale, brother of Rangers Director James Easdale, has agreed to exercise his option to buy Mr Green’s shares, and therefore become, as he says, the largest shareholder in Rangers.
“Between my family holdings and through other supporting investors I now have the largest shareholding in Rangers Football Club,” he said.
“There has been continued speculation and constant enquiries to buy this largest holding in Rangers. But Mr Green gave me the first option which I exercised.” Continue reading
The Stock Exchange is a marvellous thing. Openness and clarity in dealings!
The following line hgas just popped up on the “ticker” regarding shares in Rangers International Football Club PLC. Continue reading
The battle lines are drawn. Rangers CEO Craig Mather is on one side – the investors who want to appoint Frank Blin and Paul Murray to the board on the other. Charles Green is somewhere involved in the battle, but I suspect he is not in the Mather camp.
At least one man called Craig Mather (actor and musician) gets his hands on a Cup!
The correct Craig Mather
None of what I say below is share advice. It is merely comment and no one should base their investment decisions upon it. If they do, then they are daft.
I put the word loss in inverted commas above because often it is only a paper loss, seen with the benefit of hindsight. Often it is more properly thought of as an abortive gain, which disappears because the investor does not cash in their shares at the right time.
In practical terms a shareholder’s net worth might reduce as a result of falling share values but until they cash in and sell up, the loss does not become concrete.
In addition, even where a share price is at a certain level, there are situations where the mere act of selling or trying to sell one’s shares would itself depress the share price.
This is a generic illustration showing a declining share price. It should not be taken as representing the share price of any particular company, whether mentioned in this post or not.
After that preamble, let us look at Rangers International Football Club PLC. Continue reading