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Everything posted by rbr
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That wasn't the reasoning we were thinking off , however you are totally correct , very unlikely but could happen
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Not exactkly sure what they can do about it though
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Can we not just be grateful everything isn't being played out via the press , I like that we are showing a little bit of corporate responsibility instead of leaks every other day
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Warburton has gone on record after being asked about the photo , stating that people should do their research as " its a few months old " .
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George best retired at 27 , just for the sake of accuracy
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It cant have been tonight mate , it was first on twitter at 3pm this afternoon
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He's Billy King of Hearts younger brother
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I have been told our limit is £500,000
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http://www.rangers.co.uk/news/headlines/item/9705-we-can-and-will-improve MARK WARBURTON was delighted to mark his first competitive game in charge of Rangers with a 6-2 victory over Hibs at Easter Road, a result which takes the club through to the second round of the Petrofac Training Cup. The manager, however, admits his side’s first-half performance was not good enough and nowhere near the level he expects. Sam Stanton got the Hibees off to a flyer after just 15 minutes with a terrific strike from 20 yards and at that stage Alan Stubbs' men had created a number of chances and deserved their lead. But a delightful free-kick from James Tavernier, followed by a close-range finish from Martyn Waghorn, meant the Light Blues went in at the break ahead. Further goals from Waghorn, Andy Halliday and super sub Kenny Miller (2) in the second period made it a day to remember for the travelling Bears and Warburton gave his thoughts on the performance to RangersTV. He said: "Honestly, we know it's a tough place to come to and we know the quality Hibs possess. "The result is pleasing of course for the fans and the tremendous support they gave us and the backing they gave us. But first half wasn't good enough. "What I've learned from this group of players in the short period of time is their honesty and they recognise that the first half was way below the required level. "We had a good reaction but there is still a lot more to come from what is a talented group of players." On the opening half hour of the game, he continued: "We know how good this squad of players can be but we didn't pass the ball, we didn't take care of the football, didn't dominate the football, runners came off of us, we were hesitant, slow decision making and it wasn't us. We've trained to a lot higher standard than that. "So we could have been two down quite easily but football being football we get the break with a great free kick and then the first bit of football I thought we played in the game was in the 43rd minute and the second goal. "That was important and that was the message at half time. When we do do what we do well we will be in good shape, and second half the subs made a difference and it is about the squad. "It is not about the 11 or the 14 today. Young Tom Walsh was the 19th man but it was a key role for him to play as well. "Zaliuskas wasn't here and a couple more - Ryan Hardie has travelled to Ireland - but it will be about the squad of players taking us through what will be a long season."
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BBC alba 12.30
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Interesting Article on Dave King , apologies if posted previously
rbr replied to rbr's topic in Rangers Chat
No but if he started in his wine cellar he would have 35000 empty bottles to piss in -
Interesting Article on Dave King , apologies if posted previously
rbr replied to rbr's topic in Rangers Chat
No mate that was just the money his shares went up after the court case , he has plenty other companies -
Interesting Article on Dave King , apologies if posted previously
rbr posted a topic in Rangers Chat
South Africa Dave King and I Tax rebel’s astonishing financial come-back Magnus Heystek* | 4 November 2013 06:26 Magnus Heystek There cannot be many people in South Africa who are not aware of Dave King’s extraordinary 13 year-long fight with the South African Revenue Services (Sars) over a tax assessment in excess of R3.2 billion. Tax disputes do not normally make the front pages of Sunday newspapers, but when the numbers are so high and the fast-moving events so incredible that it could come straight out of the pages of a John Grisham or Dan Brown novel, it becomes a national talking point. And even after this thirteen-year battle, costing hundreds of millions of rands in legal fees, the attempted confiscation of King’s assets and court dramas all around the globe, one is still left with a sense of dissatisfaction, a kind of anti-climax as to whether King was guilty or not. The legal issue of revenue versus capital will not be dissected and delivered on by the highest court in the land. There was a lot of legal foreplay, an enormous amount of huffing and puffing on both sides but in the end the settlement reached between King and Sars in August this year – in terms of which King has paid Sars about R700m in outstanding taxes to settle all claims against him and his various family trusts – meant he could carry on with his life and his business career. So who actually came out on top in this extraordinary battle? Sars initially wanted R3.2 billion; it got R700 million. King remained steadfast that what he did was perfectly legal as the R1 billion or so profits he and his various family trusts made out of the sale of shares in Specialised Outsourcing during the 1997/98 stock market boom was well within his rights. He also maintains that the profits were not of a revenue nature but one of a capital nature. Many others, including some of the finest tax brains in this country, agree with this. If King was eventually found wanting by a court on this issue, it could possibly have been like a proverbial nuclear bomb for hundreds, if not thousands of wealthy estates who hold most if not all of their wealth in trusts, both locally and offshore. All these tax shelters, meticulously crafted and protected over many years and generations could have been blown wide open to scrutiny by Sars. There must have been a collective sigh of relief amongst SA’s truly wealthy that the issue of revenue versus capital did not end up for deliberation in the highest court in the land. So for the time being, the legal status quo remains. Arriving in South Africa I witnessed first-hand how Dave King, who arrived in SA with very little money from his native Scotland in 1976, first came up with the idea of starting Specialised Outsourcing (SO) in 1993/94. This was during one of several rounds of golf we enjoyed together with his lovely wife Ladina on the lush fairways of the Dainfern Country Club where we both were members in those days. I don’t play golf much any more and Dave now does his golfing at esteemed courses such as River Club in Sandton and Augusta in the USA. See what a billion or two does to your social acceptability levels? But I digress. Dave mentioned several times his idea and even at one stage invited me to join this new company of his. In a nutshell, SO was set up to handle the treasury functions on behalf of government and parastatals. These bodies, King always would say, were so bad at handling the billions that were sloshing around in their accounts, that he offered to manage these funds in exchange for a percentage of the profits. And it turned out to be a great success story and SO soon became the darling amongst mainly small-cap fund managers in the country. So it was with a great deal of interest that I watched from afar how he went ahead, set up the company and eventually listed Specialised Outsourcing in 1995 at a price of, if my memory serves me, R1.20 a share. The share price of SO eventually peaked at R80 a share before it came crashing down in 1998/99 when the market got wind of the fact that King had sold most of his shares. Irma Stern painting King’s problems really started, I was told first hand, when he bought an Irma Stern painting at an auction for R1.7 million in 2000. This was the first time that a Stern painting achieved a price of more than R1 million and this fact obviously caught the attention of the media, and ultimately also that of nuggety Mr Charles Chipps, a special investigator at Sars who, quite simply, read about the Stern-sale in a newspaper and decided to check up on the tax status of the buyer. To his astonishment he found that King declared a taxable income of a mere R60 000. And thus was born what is today known as the King-versus-Sars battle which has raged for more than 13 years, on several continents costing, as I indicated earlier, hundreds of millions of rands in legal fees on both sides. I understand that the legal fraternity in the Sandton area declared a national week of mourning when the final agreements were signed and accepted by the various parties to this extraordinary battle. I say first hand, as I heard it from Charles Chipps himself who, at about the same time, was sniffing around my own tax affairs. Nought came of this investigation but it was done on the basis of rumours of untold wealth hidden away in some secret location. This taught me two things about the tax man. Don’t flaunt your wealth in a conspicuous manner and second, don’t be surprised if your best pal/ex-wife/ex-girlfriend makes Sars their first port of call. “Jealous people,” Chipps told me, “are often the best source of information for the tax man”. Chipps passed away a year or so ago and was therefore not around to collect his commission cheque from Sars for his hard work and diligence. One of the reasons for settling with Sars and paying the R700 million fine was, as King said at the time, in order to move on with his life and to get stuck into more productive things, like building up the JSE-listed company MICROmega (MMG), of which he still is chairman and major shareholder. So it is again with more than a passing interest that I have been following the performance of MICROmega on the JSE this year, especially since the settlement in August. In July this year the share was still trading at R2 a share with very few trades. The news of the settlement set this share price free and since then it has rocketed by almost 500%, at one stage reaching almost R20 per share but trading at around R12.30 this week. Profit of R860 million Now here comes the most astonishing fact. King, via his family trusts owns about 83 million shares in MMG, which means King has made a gain of R830 million in three months, all due to the almost vertical increase in the share price of MMG. On paper therefore King has made back all of the money he handed over to Sars earlier this year –and more. “There is a difference between R700m in cash and a paper profit,” King noted wryly this week, “ but it does feel good,” he said when I made contact to check these facts – he at least still taking my calls. As I put the phone down to end the call, I realised there was still one question that remains unanswered. Who today owns the Stern painting in question? Dave King or Sars? Whoever owns it has the most expensive painting ever by a South African artist hanging somewhere on a wall. *Magnus Heystek is investment director at Brenthurst Wealth. Contact him for ideas and suggestions at magnus @heystek.co.za -
Gersnet Prediction League 2015/16 (prediction league for Rangers games only!)
rbr replied to Zappa's topic in Rangers Chat
I'm in and hopefully will last the whole season this time -
Usually yes but I,m sure that's the last thing on his mind
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Stubbs is sounding like a bitter bitter wee man right now
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According to STV and Twitter , Scot Allan has told Hibs he wants away and wants to join the mighty Rangers
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No he didn't hesitate , after watching the clip frankie posted I'm 100% sure of that , your being seriously harsh mate
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I though Shiels looked busy when he came on without actually doing anything , infact when him , Miller and Law were combining late in the second hjalf it was the worst part of our game , almost akin to last season when there was no end result to all the passing
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Cant believe the keeper is getting any stick at all , plus Waghorn should have won a penalty when he followed up his volley that Gilks excellently saved
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The Burnley team were like a team of giants though , we were markedly smaller than them last night , physically
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, I believe hes the number 6 in this clip , played center mid , then left back