Latest share offer news from LSE (Grim, grim stuff)

[Frankie 8,562]

I've heard form both sides of the fence this morning who are confident that Rangers will raise the £4m in the offer.

 

I think it would be more of a surprise if this didn't happen.

 

Which leads us to the fait accompli situation of share-holding levels for AGM resolution approval vis-a-vis assets.

 

IMO, this will have been planned out but for what end - to hive off assets or to enable a sale of the business? That's a bit more difficult to predict.

[BrahimHemdani 1]

I think it would be more of a surprise if this didn't happen.

 

Which leads us to the fait accompli situation of share-holding levels for AGM resolution approval vis-a-vis assets.

 

IMO, this will have been planned out but for what end - to hive off assets or to enable a sale of the business? That's a bit more difficult to predict.

 

I agree that any investor who is still on board at least to see if value can be restored in the SPL/Europe will not want to see their holding diluted.

 

The sale strategy, as you say, is very difficult to predict but will be a function of the ongoing risk and potential reward.

[rbr 1,256]

Another 99000 shares traded today , 75000delayed and in the scale of things small beer but still.....

[BrahimHemdani 1]

Another 99000 shares traded today , 75000delayed and in the scale of things small beer but still.....

 

...... the priced keeps falling, now below 24p.

[der Berliner 3,744]

I've heard form both sides of the fence this morning who are confident that Rangers will raise the £4m in the offer.

 

Could you or someone with enough business background "whip up" possible scenarios? As in, who might buy these shares and what outcome this might have, e.g. with a dark horse, Ashley or Laxey as buyers.

[BrahimHemdani 1]

Could you or someone with enough business background "whip up" possible scenarios? As in, who might buy these shares and what outcome this might have, e.g. with a dark horse, Ashley or Laxey as buyers.

 

I'll make some enquiries but right now I think that most if not all the major players will give it a "last throw of the dice" (as I said yesterday) and that Ashley may well be the one to sweep up any "rights" (and I know that technically it's not a "rights issue") not taken up, which I think will be mostly the individual shareholders, who either can't afford it or fear getting burned again, so perhaps 10%-20%.

 

I don't see a dark horse any more than I see a knight in shining armour riding to the rescue. That said I'm told that the degree of in fighting is such that anything or anyone could happen even Mr Somesuch!