share price

[Oz]

now down to 11.5 and falling, lets all laugh as lowe and wilde lose their shekels!

[Mole]

It's 10p actually. See thread:

 

http://www.saintsweb.co.uk/forum/showthread.php?t=11384

[Alanh]

They only lose anything if they want to sell their shares and I think Crouch is the biggest loser having bought the largest amount at the higheest price - should we be laughing at him as well?

 

Also, the quoted share price is largely irrelevant to the current or future ownership of the club as there are not enough shares in open circulation to enable anyone to buy a meaningful quantity at the published price. We are all pretty sure that none of the main shareholders will sell at the market price because of the hit they will take on their investment. If we were looking for the share price to be a lever in ousting the current majority shareholders surely we would want to see it rise in order that selling for a profit was an attractive proposition for them. Unfortunately that's unlikely in the current climate.

[Clapham Saint]

They only lose anything if they want to sell their shares and I think Crouch is the biggest loser having bought the largest amount at the higheest price - should we be laughing at him as well?

 

Also, the quoted share price is largely irrelevant to the current or future ownership of the club as there are not enough shares in open circulation to enable anyone to buy a meaningful quantity at the published price. We are all pretty sure that none of the main shareholders will sell at the market price because of the hit they will take on their investment. If we were looking for the share price to be a lever in ousting the current majority shareholders surely we would want to see it rise in order that selling for a profit was an attractive proposition for them. Unfortunately that's unlikely in the current climate.

 

Except that given our financial situation the shares are good as worthless in reality.

 

I don't know what Crouch, Wilde etcs other sharedealings have been like this year however if they have made profits elsewhere they might seek to sell some of the shares in saints (even if just for 1p) prior to the end of the tax year (5th April).

 

This would crystallise the loss on the saints shares which they could then off-set against profits elsewhere to reduce their tax bill.

 

Its not as though by hanging onto them they're likely to be able to sell them for more in the future.

 

 

**Geek alert ends**