Wakefield Trinity • Re: Shares for sale in Trinity?

Err no PT, I'm entitled to reply as myself and as a member shareholder - if I replied as the HUB that would suggest I knew something and I don't, THAT WOULD BE DISHONEST, I'm not claiming to know, I'm explaining it as I understand it, so pack in trying to score cheap oints by undermining everything I try to say, I just don't know why you feel the need at times. You are way out of line on this.

So AGAIN as far as I understand it, the 0.01p is a nominal amount that by law you have to value any share at, by there very nature you can't give a share a fixed value as it fluctuates in value depending on the state of the company, that's how it works, I'm not stating anything radical. Trinity can't say that share is worth a pound because they don't know if it is but if they stated it was they would be liable. The £500 or £1000 you paid for those shares is what you paid, it's what they cost you, it's not what they are now worth - that's the point, these shares are highly unlikely to ever be worth what you paid let alone in profit.

It's very simple, something is only worth what someone else will pay and that applies to shares as much as cars or houses. Thats why in the late 90's you could pick up Asda shares for £4 when a year earlier they were £40, yet I suspect when they were first issued they to had a nominal value that was tiny.

Finally if you are thinking they might increase in value if there was a take over, then no, the percentage of the shares owned by the fans is to small and wouldn't tip the balance. If we were taken over the buyer would buy out the BOD's, however that is highly unlikely, not just at Trinity or any other club. Most likely a new owner would simply buy the debt - nobody is coming out of this one alive (don't take that literally like you normally do, I only mean financially).

Hope that help!

Statistics: Posted by vastman — Thu Feb 02, 2023 4:37 pm

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