Lowe or Barclays ? Who's running the show ??

[SaintRichmond]

We are supposed to have debts of £29M, and an overdraft of £6M

 

We have a poor team in terms of results on the pitch, which in turn has led to a massive drop in attendances

 

Even Lowe must realise that NO Club could continue under those circumstances, but WHO is in charge at St Mary's

 

Barclays, with even LESS interest in Football than Lowe, or Lowe himself, who cannot have failed to realise that things are not what they should be ???

 

WHAT is the hidden Agenda ??? WHY has Wilde not bailed out yet ???

 

SFC cannot continue much longer losing even more money, now with not a lot left to Auction off

 

So, when are Lowe and Wilde going to reveal to the world EXACTLY what they have been up to since their return .......

 

.... because, IMHO, it has precious little to do with FOOTBALL

 

When I started watching Saints, they were in the old Third Division South ..... looks like pretty soon, they will have come full circle, led by an egotistical despot

 

RIP SAINTS

[Weston Super Saint]

There is no hidden agenda, it's just two failed businessmen continuing with their track record of failing again

[um pahars]

I doubt anyone at the Reading Corporate banking Office had ever heard of Jan Poortvliet!!!!!!

[SaintRichmond]

There is no hidden agenda, it's just two failed businessmen continuing with their track record of failing again

 

 

If that is the case ...WHY and HOW does Lowe Reign Supreme at St Mary's

 

Apart from Nigel Pearson, is their no one else with anything resembling BALLS

 

Or are they all like LEMMINGS waiting for Lowe to direct them over the Cliff ???

[Weston Super Saint]

If that is the case ...WHY and HOW does Lowe Reign Supreme at St Mary's

 

Apart from Nigel Pearson, is their no one else with anything resembling BALLS

 

Or are they all like LEMMINGS waiting for Lowe to direct them over the Cliff ???

 

The people who can change things, for one reason or another, think he is doing a grand job

[beatlesaint]

Or are they all like LEMMINGS waiting for Lowe to direct them over the Cliff ???

 

Yep !

 

Rupert must have some sort of mesmeric hold over the weak cos they all follow like sheep !

[docker-p]

It has been confusing me for some time. Why does Askham, Withers, etc etc continually back Lowe? The share price under Lowe has plummeted from a high of around 65p to 17.5p!

All they have to do, if they are concerned about their investment, is withdraw their support; yet they don't.

Why???

If I had hundreds of thousands of pounds invested in a company and saw that sort of fall to my investment I would want the chairman out on his ear.

 

Maybe something a bit dodgy went on, as some have suggested, when the company was first floated that keeps the old guard in line?

[SaintRichmond]

It has been confusing me for some time. Why does Askham, Withers, etc etc continually back Lowe? The share price under Lowe has plummeted from a high of around 65p to 17.5p!

All they have to do, if they are concerned about their investment, is withdraw their support; yet they don't.

Why???

If I had hundreds of thousands of pounds invested in a company and saw that sort of fall to my investment I would want the chairman out on his ear.

 

Maybe something a bit dodgy went on, as some have suggested, when the company was first floated that keeps the old guard in line?

 

 

The way that Lowe & Co got the Shares from lifelong Saints Shareholders stank to high heaven, even the Police said it was Morally questionable

 

As I've said, something BIG is going on under the surface, ie a Big Property deal ?? .... it has nothing to do with Saints Football Club

[NickG]

There is no hidden agenda, it's just two failed businessmen continuing with their track record of failing again

 

about right -its simple, no conspiracies, no wanting club to fail out of spite etc

 

two men, who in effect own the club, running as they see fit.

 

don't like the way they run it? Buy it off them.

 

Painful, frustrating etc -yes, but true

[Gingeletiss]

The way that Lowe & Co got the Shares from lifelong Saints Shareholders stank to high heaven, even the Police said it was Morally questionable

 

As I've said, something BIG is going on under the surface, ie a Big Property deal ?? .... it has nothing to do with Saints Football Club

 

I'm not going to mention Jacksons again.........oops!!

[NickG]

It has been confusing me for some time. Why does Askham, Withers, etc etc continually back Lowe? The share price under Lowe has plummeted from a high of around 65p to 17.5p!

All they have to do, if they are concerned about their investment, is withdraw their support; yet they don't.

Why???

If I had hundreds of thousands of pounds invested in a company and saw that sort of fall to my investment I would want the chairman out on his ear.

 

Maybe something a bit dodgy went on, as some have suggested, when the company was first floated that keeps the old guard in line?

 

Wilde was dead against him -publically -until now, why?

[CanadaSaint]

Perhaps Lowe is Barclays man, for whatever reason. They may not be happy with his performance but he's probably poisoned their opinion of Crouch ("look at the money he squandered") and he's the best (and probably only) bet they have right now.

 

Any prospect for a Jackson's Farm deal would probably make him stronger in their eyes.

 

But, as I mentioned in another thread, I'm still wondering how three things fit into all of this:

 

1) Lowe and Wilde, supposedly at their wits end for keeping the corporation alive, tell Crouch to wrap his 'lifeline' around his own neck and pull.

 

2) We hang onto players when all the indicators were that we had no choice but to sell them - almost at any price.

 

3) There are rumbles about at least one loanee coming back - one who could have generated a significant transfer fee income.

 

Surely Barclays would have to be comfortable with the situation (whatever it is) for those things to happen.

[Wes Tender]

The way that Lowe & Co got the Shares from lifelong Saints Shareholders stank to high heaven, even the Police said it was Morally questionable

 

As I've said, something BIG is going on under the surface, ie a Big Property deal ?? .... it has nothing to do with Saints Football Club

 

All those directors on the old board who got into bed with Lowe's piffling little retirement home company had not laid out much money for their shares. The major shareholder I believe was Askham who as chairman had only spent £2500 or so of his own money to buy those shares at their nominal value of £1 each. Most of the others had only spent about £2000 or so. Now although the reverse takeover made them millionaires had they sold soon after, even with the share value hitting the floor as it has, they haven't technically lost anything as such. Even if they lost the £2000/£2500 of their original outlay in the event of receivership, then so what? Pocket money to them all.

 

The ones who would really lose out are Crouch, Wilde and to a lesser extent Lowe. That is possibly the reason that the old directors can't be that bothered about ousting Lowe; they don't really have much to lose at this stage. They might hope against hope that Lowe keeps us out of administration and that somebody else appears to buy us out, when they will still have retained some shareholdings that might be worth more than they are now.

[The Farmer]

It has been confusing me for some time. Why does Askham, Withers, etc etc continually back Lowe? The share price under Lowe has plummeted from a high of around 65p to 17.5p!

All they have to do, if they are concerned about their investment, is withdraw their support; yet they don't.

Why???

If I had hundreds of thousands of pounds invested in a company and saw that sort of fall to my investment I would want the chairman out on his ear.

 

Maybe something a bit dodgy went on, as some have suggested, when the company was first floated that keeps the old guard in line?

 

Something dodgy, what a successful top flight club doing one of those well known 'reverse' takeovers of a tin pot retirement home company where the new PLC shareholding is nicely weighted in favour of the group of accountants who oversaw it - I won't hear of any wrongdoing or shafting of the loyal Saints fan base.

[Faz]

The way that Lowe & Co got the Shares from lifelong Saints Shareholders stank to high heaven, even the Police said it was Morally questionable

 

As I've said, something BIG is going on under the surface, ie a Big Property deal ?? .... it has nothing to do with Saints Football Club

 

If you're going to continually villify the man, at least get your facts right.

[alpine_saint]

It has been confusing me for some time. Why does Askham, Withers, etc etc continually back Lowe? The share price under Lowe has plummeted from a high of around 65p to 17.5p!

All they have to do, if they are concerned about their investment, is withdraw their support; yet they don't.

Why???

If I had hundreds of thousands of pounds invested in a company and saw that sort of fall to my investment I would want the chairman out on his ear.

 

Maybe something a bit dodgy went on, as some have suggested, when the company was first floated that keeps the old guard in line?

 

There are either some almighty skeletons in the cupboard, or there is (somehow, maybe a property deal) the promise of jam tomorrow.......

[Torbay Saint]

Jacksons Farm is only an asset in the event that the planning situation is favourable for the site (I am aware of a Strategic Development Area at Hedge End and as far as I am aare this site does not form part of it) and secondly someone wants to buy it! Aside from some land traders, there are very few house builders buying land in the current market.

[70's Mike]

All those directors on the old board who got into bed with Lowe's piffling little retirement home company had not laid out much money for their shares. The major shareholder I believe was Askham who as chairman had only spent £2500 or so of his own money to buy those shares at their nominal value of £1 each. Most of the others had only spent about £2000 or so. Now although the reverse takeover made them millionaires had they sold soon after, even with the share value hitting the floor as it has, they haven't technically lost anything as such. Even if they lost the £2000/£2500 of their original outlay in the event of receivership, then so what? Pocket money to them all.

 

The ones who would really lose out are Crouch, Wilde and to a lesser extent Lowe. That is possibly the reason that the old directors can't be that bothered about ousting Lowe; they don't really have much to lose at this stage. They might hope against hope that Lowe keeps us out of administration and that somebody else appears to buy us out, when they will still have retained some shareholdings that might be worth more than they are now.

 

Sort of agree but makes you wonder why ALL thre major share holding groups were against the SISU offer.

 

I still believe that Jacksons Farm land is the key, i was told by a Banker in London a few weeks back that the government were going to amend building law so that house building could stimulate the economy and that it had been being discussed behind the scenes in Whitehall for a few years.

[benjii]

No conspiracy, just trumped-up incompetent egomaniacs out of their depth IMO.

[Gingeletiss]

Jacksons Farm is only an asset in the event that the planning situation is favourable for the site (I am aware of a Strategic Development Area at Hedge End and as far as I am aare this site does not form part of it) and secondly someone wants to buy it! Aside from some land traders, there are very few house builders buying land in the current market.

 

Oil!!!!!!!!!!!!!!!!!!!!

[Torbay Saint]

Sort of agree but makes you wonder why ALL thre major share holding groups were against the SISU offer.

 

I still believe that Jacksons Farm land is the key, i was told by a Banker in London a few weeks back that the government were going to amend building law so that house building could stimulate the economy and that it had been being discussed behind the scenes in Whitehall for a few years.[/quote

 

A am not sure this is correct at all. The government tried to increase the supply of housing to reach their green paper target of 240,000 houses by 2016 with the introduction of the Eco Town agenda (one of many solutions). This was originally meant to be outside the planning system, but the government have had to back track significantly on this issue. Only this week protesters to the Eco Town at Long Marsten, Stratford challenged the consultation on Eco Towns at the high court. Whilst they ultimately failed, the issue of consultation through the planning system is high on the agenda. In my opinion what is described above could never happen.

 

Jacksons Farm is a greenfield site (obviously). There is a strategic development area identified in the hedge end area (identified in the emerging Regional Spatail Strategy). the boundary of this will be determined through the Eastliegh Borough Local Development Framework. As Jacksons Farm could not meet the level of housing proposed the promoter (SFC or whoever) would have to enter into a consortium agreement with other landowners. I am aware that such an agreement already exists with other land owners. I am not sure whether they require JF in their masterplan. But you can bet your bottom dollar that if they dont they will make it very difficult for JF to come forward before 2026 (end of the Plan period).