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Charlton Shares

edited October 2008 in General Charlton
Anyone know what the deal is with Charlton shares these days.

I bought some when we floated on the stock exchange, but now we're not on it anymore are they still worth anything and can they be sold at all??

Comments

  • Ive got a token amount, I think if you want to sell them you can only do it through one company. They sent all the information through when we came off the AIM. If you want I can dig it out and find out.
  • JP Jenkins

    If you are looking to buy or sell or have shares valued then these are the people you need to speak to.
  • we brought em at 84p each and least time i looked (age back) they were about 30p. i think if you trade em in now you get an Icelandic back or two WET SPAM players per share.
  • I have often wonder this. I have 400 shares, I am not really looking at selling or anything but have often wondered what they are worth and how would you sell them if you wished to.
  • Wonder if this takeover affects our shares in anyway - do we get a nice payout!!
  • [cite]Posted By: PeakieRocket[/cite]Wonder if this takeover affects our shares in anyway - do we get a nice payout!!

    Maybe. I bet you're glad you never flogged them after all - eh Peakie?!
  • If they get 90%+ shareholder acceptances, you will have no choice but to sell.

    Price rumoured last time was £50m, but I'm not sure how many shares are in issue now. I think it's about 64m plus 67m or so convertible bonds. Assuming that's 130m in total if the bonds convert, that would be about 40p per share.

    Chances are it could be higher if the board seems that enthusiastic about recommending the offer...
  • It was probably the suggestion I was thinking of selling that caused the panic on Stock Exchanges today
  • I bought shares in Charlton in the original Murray days, like many other people, and I have never been contacted or read anything about them, despite two takeovers, so does anyone know whether they are still worth anything, and if so how much?
  • They were written off when Baton was formed
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  • Thank you C,Walsh, I wonder if they would like my certificate for the CHATHmuseum
  • Just to confirm what 'C.Walsh'sLoveChild' has said. They were indeed written off and have NO value.
  • ross1 said:

    Thank you C,Walsh, I wonder if they would like my certificate for the CHATHmuseum

    Unfortunately I think that between us we would have enough shares/paper to cover the pitch and soak up the water.
    If so, our "shares" would be helping our club.
    Again.

  • Thank God we never went down the 'Pitch Owners' route. I'd dread to think of the charges coming our way now.
  • ross1 said:

    I bought shares in Charlton in the original Murray days, like many other people, and I have never been contacted or read anything about them, despite two takeovers, so does anyone know whether they are still worth anything, and if so how much?

    That's a bit odd though Ross1 - you should have received copies of all the annual reports, etc and, in August 2010, a letter explaining the takeover - for the princely sum of £2 - together with a Notice of a General Meeting - did you move house and not tell them?
  • edited January 2014
    I did move, in 2003. I received annual reports to start with, but nothing in 2010. I am sure I informed them.
  • Shareholders were quite badly treated. I bought shares on two occasions putting I would guess over a thousand pounds in. Whilst, I accept it was worth it to see the club survive. When they just cancelled them without any redress, I thought that was bad. They could have given out some free tickets or season ticket discount to shareholders, who lost all their money.
  • What's the difference between a Charlton share and any other company share? You always run the risk of losing it all.
  • ross1 said:

    I did move, in 2003. I received annual reports to start with, but nothing in 2010. I am sure I informed them.

    So many people update the club but not the share register holders. The club doesn't share change of address info with the registry based in beckenham. I used to receive loads of calls after results to ask why they hasn't received their reports.

  • Your post redirection may have run out?!
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  • Shareholders were quite badly treated. I bought shares on two occasions putting I would guess over a thousand pounds in. Whilst, I accept it was worth it to see the club survive. When they just cancelled them without any redress, I thought that was bad. They could have given out some free tickets or season ticket discount to shareholders, who lost all their money.

    I thought that as well, shareholders never got any preferential benefits (for away tickets for example) unlike VIPs, and after the cancellation, all I have is a signed team photo hanging in my living room!
  • Shareholders were quite badly treated. I bought shares on two occasions putting I would guess over a thousand pounds in. Whilst, I accept it was worth it to see the club survive. When they just cancelled them without any redress, I thought that was bad. They could have given out some free tickets or season ticket discount to shareholders, who lost all their money.

    I thought that as well, shareholders never got any preferential benefits (for away tickets for example) unlike VIPs, and after the cancellation, all I have is a signed team photo hanging in my living room!
    If you'd bought shares in Apple would you expect a free i-pad if the value of those shares fell?
  • Off_it said:

    Shareholders were quite badly treated. I bought shares on two occasions putting I would guess over a thousand pounds in. Whilst, I accept it was worth it to see the club survive. When they just cancelled them without any redress, I thought that was bad. They could have given out some free tickets or season ticket discount to shareholders, who lost all their money.

    I thought that as well, shareholders never got any preferential benefits (for away tickets for example) unlike VIPs, and after the cancellation, all I have is a signed team photo hanging in my living room!
    If you'd bought shares in Apple would you expect a free i-pad if the value of those shares fell?
    No - but I'd still expect to have some shares that I could sell, allbeit for less than I paid for them.

    Not wiped out completely overnight without a by your leave.....

  • "The value of shares can go down as well as up"

    Ours went down when we went down.

    Not sure what the point is in debating it now. It's what happened - a while back - and we lump it.
  • I think what irritates people is directors mostly investing via loans, so while the small shareholder gets stuffed they hung onto a (contingent) liability. Probably the same everywhere.
  • not the point.
    People like my late Father and myself brought the shares --not as an investment---but because CAFC needed the money. The way it ended was SHIT.

    People Like R Murray etc had 1000 X more shares than most of the investors and any vote would of course go their way. Its a fact that when the club needed the cash it wasnt just billiybigbollox that stood up it was 100z of small investors/fans that answered the call, yet at the death we didnt even get a thank you card from the club.

    We were also promised that there would ALWAYS be a publication of the clubs finances ---dont remember that ever happening.


  • I'm with offit on this, it's the way the world turns I'm afraid. Having said that I think the shares was just a way of getting the club to survive, rather than an investment. I think that the knowledge that you helped in a small way to keep the club alive for people to enjoy for years to come should be reward enough IMO.
  • edited January 2014

    I think what irritates people is directors mostly investing via loans, so while the small shareholder gets stuffed they hung onto a (contingent) liability. Probably the same everywhere.

    Ah, this whorey old myth. I mean, why let facts get in the way of a good whinge?

    The value of the "old directors" shareholdings, that were ALSO made worthless when RM bought out all other shareholders in 2010 (and CA PLC was subsequently liquidated) was c. £30m. In repeat £30 million - gone, forever.
    In fact the shares had been practically worthless from the moment we were relegated from the PL.

    In addition to their equity investments, on and after relegation from the PL (with the shares now practically worthless), the "old directors" had also made loans and substantial injections of capital into the Club by bonds (in order to stabilise the Club’s finances and attempt to re-gain rapidly PL status, in the interests of all shareholders as well as fans). These loans and bonds totalled £21.88m - all debt it is true.

    Failing to return to the PL, they could have been bloody-minded and self-serving and decided to send the Club into administration, with all that is entailed, and then stood in line, behind the banks but ahead of other creditors during administration to seek a return of some part of this £21.88m. Instead, in the interests of the Club and its supporters, in order to avoid administration, they voluntarily wrote off entirely £14.88m and all interest accrued on it and for the other part (£7m) agreed that they would only receive capital repayment in the event of a return to the PL (interest only to be paid in the Championship and no payments to be made below the Championship).

    So, of the total of equity and debt injected by the old directors of some £51.88m, £44.88m was lost forever upon RM's buyout in 2010. Their "contingent asset" (for which repayment of capital was contingent upon a return to the PL) was in respect of a mere 13.5% of that total.
  • Oh, that's all right then - they lost some of their investment as well.

    Phew, and there was I thinking they knew what they were doing.
  • We will know at some stage sooner or later know whether the most recent owners were able to retrieve some or all of their loans into the club made over the last three years when they sold the club earlier this month. These funded the new squad and operating losses and in turn secured a promotion. I think this is the type of director loan which Goonerhater might be talking about?
    I realise the that the "old directors" lost a lot of money, just as directors and creditors at Palace and Southampton lost a lot of money when they went into administration when they were falling over but those clubs came out stronger and both secured ownership of their grounds debt free during the process.
    The difference at CAFC is twofold - the fans lost a lot too but I don't know how much. And the Baton which Richard Murray constructed is only halfway around the race whereas Palace and Southampton used new management and new directors to get across the finish line.
    I lost shares and I consider it worth it if the Baton can also get across the line.
    The problem I see is that Richard Murray has now sold his 10% shares too which means we are actually back to square one with 100% control by one person. Given the rise and fall of CAFC under the partial fan ownership model with directors injecting equity and not loans from 1992-2007 is this something that should be considered again?
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